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Al Brooks Trading Course (www.brookstradingcourse.com)
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Al Brooks Trading Course (www.brookstradingcourse.com)

  #341 (permalink)
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mrmuggins View Post
@RichardHK please stop being a shill

Hopeless... I shall not say anymore here.

Richard
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Last edited by RichardHK; December 10th, 2016 at 12:28 AM.
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  #342 (permalink)
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emini2000 View Post
I can guarantee you 99.9% he doesn't trade an account profitably.

I think the truth is more nuanced then that. Could be:

1. Big return on small account. Let's say he makes 100% on a 20K account. Very good return, but doesn't help with the "I trade for a living" narrative. Specially when he makes the multiple of that from trading education.

2. Small return on big account. Let's say he is up 12% on a 6 figure account. That is what the market did this year, so matching the market doesn't make subscribers all wet and excited.

Anyhow, we got our expected non-answer answer, so this topic could rest in peace....

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  #343 (permalink)
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Whether or not anyone in Al Brooks' position is a successful trader isn't really the point, anyway.

Plenty of members have now given their own personal persectives, in this thread.

My own perspective is that the money I've steadily learned to make as a result of having followed his work and teaching is something I won't ever have to give back just because others here suspect that Dr. Brooks may not himself be a successful trader.

Whenever and wherever it's discussed, there always seem to be quite a lot of traders who share this perspective, too.

Someone (unlike myself, of course) who's a real cynic might even suspect that in general, the more unsure people are of themselves, the more likely they are to believe and to suggest that other people aren't "real traders" - and perhaps even that the less sure of themselves they are, the more insistent and vociferous they're likely to be about that.

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  #344 (permalink)
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Here is my take. If Al were successful why would he need a petty amount of 200 dollars a month for his chat room, which is month to month. Since he doesn't know when he will stop it. That month to month has been going on since 2009. A long time to decide he wants to retire. I am sure he makes money but it may not be enough. For if he made millions he would be managing money for others to make billions. IMHO people who have trading room dont make enough so they use trading room as an additional income.


Last edited by pramadas; December 10th, 2016 at 01:01 PM.
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  #345 (permalink)
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pramadas View Post
Here is my take. If Al were successful why would he need a petty amount of 200 dollars a month for his chat room, which is month to month. Since he doesn't know when he will stop it. That month to month has been going on since 2009. A long time to decide he wants to retire. I am sure he makes money but it may not be enough. For if he made millions he would be managing money for others to make billions. IMHO people who have trading room dont make enough so they use trading room as an additional income.

How dare you insinuate that a BMT-paid speaker could be a charlatan!

Brooks' unwillingness to reveal his trading records indeed reeks of BS.... however, lot of his materials are useful. Also, I cannot imagine anyone explaining the market behavior in such convoluted ways just to make a buck.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #346 (permalink)
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Anagami View Post
How dare you insinuate that a BMT-paid speaker could be a charlatan!

Brooks' unwillingness to reveal his trading records indeed reeks of BS.... however, lot of his materials are useful. Also, I cannot imagine anyone explaining the market behavior in such convoluted ways just to make a buck.

Dont get me wrong. Some of the stuff al talks about makes sense. I think BMT is doing a good job. Infact he should get more of them here. Eventually we may get someone here who makes and lot of money and is willing to teach us.
On this site from what i have seen, Big Mike, Inlet, MM, rory are few old timers making money. They dont have a trading room. I would love to have one of them to have a trading room that is reasonable and show their P&L. the problem is the moment someone opens a trading room they have the pressure of being positive so they dont trade the same way as they normally do. Also one more thing, a trading room that only trade from 9-11 or 9-5 are missing out on the good opportunities during other sessions. the reason one trades future is not only leverage, but the fact u can trade them almost 24 hrs. Especially those that trade from 9-11.

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  #347 (permalink)
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pramadas View Post
Dont get me wrong. Some of the stuff al talks about makes sense. I think BMT is doing a good job. Infact he should get more of them here. Eventually we may get someone here who makes and lot of money and is willing to teach us.
On this site from what i have seen, Big Mike, Inlet, MM, rory are few old timers making money. They dont have a trading room. I would love to have one of them to have a trading room that is reasonable and show their P&L. the problem is the moment someone opens a trading room they have the pressure of being positive so they dont trade the same way as they normally do. Also one more thing, a trading room that only trade from 9-11 or 9-5 are missing out on the good opportunities during other sessions. the reason one trades future is not only leverage, but the fact u can trade them almost 24 hrs. Especially those that trade from 9-11.

The thing is, buddy, that nobody can become successful for you. You have to take 100% responsibility for your trading and results. It's not about Brooks/Crooks, this guy or that guy, winner or loser, honest or not. Hand-holding, even if somebody who is profitable would be willing to do it, would NOT work.... because success is a function of your own mind, and only of your own mind.

You are both your own problem.... and your own solution.
And to me that actually means that the glass is half-full, because the ball is always in your court.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #348 (permalink)
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Anagami View Post
The thing is, buddy, that nobody can become successful for you. You have to take 100% responsibility for your trading and results. It's not about Brooks/Crooks, this guy or that guy, winner or loser, honest or not. Hand-holding, even if somebody who is profitable would be willing to do it, would NOT work.... because success is a function of your own mind, and only of your own mind.

You are both your own problem.... and your own solution.
And to me that actually means that the glass is half-full, because the ball is always in your court.

agreed!!

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  #349 (permalink)
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I have followed Al for 3+ years (trading room on and off, read portions of the books and watched the video course). I think what frustrates most people is his perceived "indecisiveness" and complex price action principles.

Everyone seems to want a system that is easy to follow and is black and white. Al does not sell a system, and it is far from black and white. In his trading room he lays out the bull and bear case throughout the day and this can be frustrating to many as they want more certainty. He is very straight forward about what to expect in his trading room prior to signing up.

I find it odd that some people on here attack him and call him a crook. You can disagree with his approach, market view, or teaching style and that is 100% fine with me. The guy is selling a course for $350 and makes no guarantees of success or future profitability. If I had to guess, I would think many of his more adamant dissenters are those who want instant gratification and do not want to put in the work that is necessary to become a profitable trader (or who refuse to accept responsibility for their own trading losses).

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  #350 (permalink)
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@Anagami stop with the childish name calling "Crooks". Debate, disagree, discuss -- all welcome -- but be professional.

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