Yes, me too on the issue of trying to find a program that worked. Funny how many of those outfits sell their wares and yet do not really trade themselves. Definitely, Al Brooks is one who really trades. And Price Action does indeed work. Al's course is a good one; I review the modules often.
Customer service is a rare commodity with most of the 'marketeers' of various programs. My latest mistake has been Blood Hound. Here again, I wonder if any of their employees really trade successfully. I am not a programmer but was told, "Oh, this is easy to learn; you'll be programming soon. Listen to 'all' of our videos and in no time you'll be as successful as me . . . I paid off my son's student loans by trading the signals I programmed!!"
The following user says Thank You to bopwillie for this post:
My first course on futures trading was with Trader’s Help Desk (THD), back when Gail held seminars in Florida and before she was doing much with volume indicators. Useful concepts; I still use some of the indicators and setups. Not sure, but I think I spent about $2500 on the seminar and indicators (plus travel expenses). TradeStation was her primary platform, but the indicators are available for NinjaTrader and MultiCharts too.
Shadow Traders – Spent about $1700 for the course and indicators, and still use some of them.
Weis Wave -- $500 for the indicator; it is a ‘must-have’ on my charts. I feel blind without it.
Ninjacators – I signed up for the free indicator-of-the-month; I also purchased a few others from them, but like the free ones just as well. The free Fibonacci Confluence and RSD (resistance/support) indicators are pretty useful.
Pro9Trader from Academy Day Trading – participated in a two-day free trial of the software last week. I really liked the clean chart and indicators so I cobbled together my own approximation and am looking forward to using it in demo next week. The software (NinjaTrader template with indicators and a strategy) costs $1997 if you decide to buy it.
Some of the books I have invested in (but not entirely read):
Explosive Stock Trading Strategies, Samir Elias
Forex Price Action Scalping, Bob Volman (good info on price action, much more accessible than Brooks)
Generate Thousands in Cash on Your Stocks Before Buying or Selling Them, Samir Elias
Hot Commodities, Jim Rogers
How I made $2,000,000 in the Stock Market, Nicolas Darvas
How to Make the Stock Market Make Money for You, Ted Warren
How to Trade in Stocks, Jesse Livermore
Insider Buy Superstocks, Jesse Stine
Market Wizards, Jack Schwager
Micro-trend Trading for Daily Income, Thomas Carr Point and Figure Charting, Thomas Dorsey
Reminiscences of a Stock Operator, Edwin LeFevre Tape Reading and Market Tactics, Humphrey Neill
The Compleat Day Trader, Jake Bernstein
Tools and Tactics for the Master Day Trader, Velez and Capra
Traders at Work, Bourquin and Mango Trades About to Happen, David Weis
Trading Price Action Trends, Al Brooks (couldn’t get through it)
Last but certainly not least is my investment to become an Elite member of futures.io (BMT).
The following user says Thank You to gringa for this post:
Best book on investing ever. Well, best of a bad breed. Marty Zweig's book on technical analysis was good, but not as good as the Canslim book.
The most useful parts of the CANSLIM method are look for stocks with low p/e, debt to equity, good liquidity, and good market cap. And increasing year over year revenues and earnings. Seems pretty obvious, except to the talking heads on Smart Money, CNBC, CNN, Mad Money, Street Smart.....and all those financial mags.
You must learn the basics and fundamentals of trading before using these tools. If you have no experience, invest in some trading course like Tim Sykes or Investors Underground before trading live. These are not green light red light programs.
If you do research on the website owner, you'll find discrepancies. It appears this guy had issues with the law in the past and is disgruntled. The guy failed in his trading career and paid the price for breaking the law. He's most likely using an alias if you look at website records carefully.