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Book Discussion: Reading Price Charts Bar by Bar by Al Brooks
So you are good if you pay for somebodys service/book but when you ask about the results of what they are teaching when you are following the exact rules then you aren't allowed ?
This sentense you wrote explains exactly what kind of BS is going on in this teaching 'how to trade for living' market.
Can you help answer these questions from other members on NexusFi?
If we can find them in a bookstore. Not likely, though. Yeah, three of them not one because of size. Nothing to do with making more money And what was that statement about the first book? Oh yeah, "I only wrote the book to save time so I didn't have to answer so many emails." And how much time did it take to write three more?
I'm happy with this book and with the new ones to come, but he didn't created anything new. All the talk about simplicity in his life, writing a book so he doesn't have to respond to emails, saying don't buy my book because I don't make any substantial money out of it and the other stuff are just psychologic nonsense and BS just like anybody else is doing in this 'teach trading for a living' business.
Al's rational for rewriting his book is from the threads on his website - focused on trying to decipher the themes in the book. He's taken aback by the (just) criticism of his prose that has peppered the forums, and has decided to fix it.
Al's profit from 20 or 30 webinar attendees, after the website owner/programmer gets his cut couldn't attract a successful ophthalmic surgeon to do what Al does.
Al loves trading, and doesn't want to babysit. Many students expect a trading room to be maned by a master trader, who is a gifted teacher, with a bedside manor of a saint, and the TLC their momma gave them. There might be one, but my experience tells me they are often odd ducks with a narrow gift I want to emulate.
I have seen Al's first book in some bookstores, but Amazon previews at least some of the book and Wiley usually puts out the first chapter for free. If you don't think it will be valuable then definitely don't buy it. Al only makes $5 per book so I don't think it will hurt his feelings (or pocketbook) if you don't buy it. Personally, I don't think Al is writing the books for the money (I could be wrong). He has said that he finds it challenging and wants to put out the best book he can, but also wants to be reasonably compensated for his time. I think that is fair. He wrote the first book in a month, but is spending much more time on the new ones and he has written three times as much as the first book so it doesn't really make sense to put out a single 1200 page trading book.
Where did Al say "I only wrote the book to save time so I didn't have to answer so many emails"?
I'm not sure how saying "don't feel compelled to buy my book" would be considered using reverse psychology to try and get people to buy his book, but anyway... some actual examples of other traders who use this "technique" would be...?
This somewhat in jest, but really, if you were an established professional, and could consult, partner or do a start-up with your own capital, would your first idea be "Hey, lets open a trading room!!!"
MetalTrade, You just expressed your philosophy. Al can express his. Its one thing to criticize him if he is wrong, another to depreciate him because you differ. No one here will defended Al's quirks, but he's welcome to them.
And what was that statement about the first book? Oh yeah, "I only wrote the book to save time so I didn't have to answer so many emails." And how much time did it take to write three more?