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Al Brooks Trading Course (www.brookstradingcourse.com)


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Al Brooks Trading Course (www.brookstradingcourse.com)

  #71 (permalink)
 
TorontoTrader's Avatar
 TorontoTrader 
Toronto, Canada
 
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So can I use price action techniques (either by Mack or Al Brooks) to trade stocks?

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  #72 (permalink)
 hobart 
charlotte nc
 
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mack's stuff is highly specific to the sp500 futures. it would not work exactly on other things, although the concepts would be familiar. Al's stuff works well on stocks, and most of the books and about 1/3 of the videos are stocks, rather than futures.

and mango, i agree with you on the books having richer detail, i reread them after i finished the videos and picked up tons of little stuff. but i will say al was a doctor before he was a trader, and to your point, those books "not any more difficult to understand than a medical physiology textbook"

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  #73 (permalink)
 
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 JonnyBoy 
Montreal, Quebec
 
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Over at Trading Schools, Emmett has reviewed Al Brooks. The bottom line is actually quite sad if it turns out to be true.

https://tradingschools.org/reviews/al-brooks-trading/

We all know Emmett has a shady past and he will freely admit that himself. That isn't the issue here and his past has nothing to do with his discovery about Al.

I find it extremely troubling that Al Brooks wouldn't release any verifiable proof that he actually trades live for a living. We should remember Al has historically stated (website, books, webinars, trading courses etc.) that he is a full time trader. As if we didn't know that, right?

Al did give a reason why he wouldn't release them, but that doesn't make any sense especially when you are defending your reputation. So what does that say?

Perhaps I don't have all of the facts, but if this is true, it has blown a giant hole of disappointed through somebody that I essentially "trusted". I really thought that he traded for a living. Am I wrong in thinking that he did? Was I the only person that didn't know? Or does he? The truth would be nice.

If he doesn't trade live then fine! But everything in the past number of years has pointed to the fact he does.

Sure, I have moved on from Al's methods, but I can't help feel like a little wind has been taken from my sails.

Am I offside here bringing this up? I know Al has many fans and Emmett has many enemies, but it seemed like such a simple option for Al to prove himself - and he chose not to take it. I just don't understand.

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  #74 (permalink)
 
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 SoftSoap 
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I'm not a fan but this definitely throws up yellow flags. Specially his supposed response when asking for proof:


Quoting 
He refused. His response was that by disclosing his individual trading performance, that he would be committing a criminal act or would be in violation of securities laws.

Does anyone know if this is actually true? It seems quite illogical for the SEC to go after people who disclose their individual trading performance, and ignore those who just state they are 'the best' with no proof.

Is Al a FIOer? It'd be interesting to get his take on things.

Yesterday's excellence is today's standard and tomorrow's mediocrity
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  #75 (permalink)
 
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 JonnyBoy 
Montreal, Quebec
 
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SoftSoap View Post
I'm not a fan but this definitely throws up yellow flags. Specially his supposed response when asking for proof:



Does anyone know if this is actually true? It seems quite illogical for the SEC to go after people who disclose their individual trading performance, and ignore those who just state they are 'the best' with no proof.

Is Al a FIOer? It'd be interesting to get his take on things.

When I dealt with the CFTC after reporting EminiTradingSchool, I asked them this very question at the tail end of our telephone meeting. They stated that it is not against the law to disclose any kind of brokerage statement for public consumption. As long as the brokerage statement is real, representative of the service being sold and above all verifiable (presumably via the broker). The more disclosure when selling a service the better as far as they are concerned.

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- Trade what you see. Invest in what you believe -
--------------------------------------------------------
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  #76 (permalink)
 
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 TheShrike 
Bridgeport, Ct
 
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SoftSoap View Post
I'm not a fan but this definitely throws up yellow flags. Specially his supposed response when asking for proof:



Does anyone know if this is actually true? It seems quite illogical for the SEC to go after people who disclose their individual trading performance, and ignore those who just state they are 'the best' with no proof.

Is Al a FIOer? It'd be interesting to get his take on things.

No, it's not true.

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  #77 (permalink)
 
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 tturner86 
Portland, Oregon
 
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Stop chasing vendors. With or without broker statements it will not make a difference whether you can trade what someone else is selling.

You have to trade what you believe, you cannot trade anything else.

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  #78 (permalink)
 
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 SoftSoap 
Canada
 
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JonnyBoy View Post
When I dealt with the CFTC after reporting EminiTradingSchool, I asked them this very question at the tail end of our telephone meeting. They stated that it is not against the law to disclose any kind of brokerage statement for public consumption. As long as the brokerage statement is real, representative of the service being sold and above all verifiable (presumably via the broker). The more disclosure when selling a service the better as far as they are concerned.

Makes perfect sense. Sounds like we got a BS excuse then.

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  #79 (permalink)
 
SoftSoap's Avatar
 SoftSoap 
Canada
 
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tturner86 View Post
Stop chasing vendors. With or without broker statements it will not make a difference whether you can trade what someone else is selling.

You have to trade what you believe, you cannot trade anything else.

You guys should find a way to add this as a subliminal message on FIO

I feel like I've heard this a lot in the last 2 weeks

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  #80 (permalink)
 dk27 
Europe
 
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Broker statements will make you believe.


tturner86 View Post
Stop chasing vendors. With or without broker statements it will not make a difference whether you can trade what someone else is selling.

You have to trade what you believe, you cannot trade anything else.


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