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Al Brooks Trading Course (www.brookstradingcourse.com)
Started:October 6th, 2012 (10:22 AM) by rickr Views / Replies:46,988 / 300
Last Reply:November 29th, 2016 (11:30 AM) Attachments:5

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Al Brooks Trading Course (www.brookstradingcourse.com)

Old November 21st, 2016, 03:51 PM   #191 (permalink)
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Seahn View Post
Actually Brooks does not advocate trading tight stops and small accounts. He specifically calls using tight stops "death by a thousand cuts" in his books and videos (and probably in his room). What he does recommend consistently is that the stop must be placed beyond the previous swing extreme, if that is too far away for proper risk management then he recommends trading smaller size or passing on the trading

Maybe if you put the same effort in at least trying to learn price action from what Brooks says as you do in trying to extract "proof" you would be further along in your trading.

Amazing you know nothing about me and my trading. But this is the typical nonsense defense of con artist. Attack the people who demand proof.

Al is the one selling books and a trading system. He is the one that needs to show proof of his claims. The fact you do not get that speaks volumes.

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Old November 21st, 2016, 03:54 PM   #192 (permalink)
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Why doesn't Al get the same respect? Everyone is making assumptions about him based on the comments from Emmett?

Why don't we stop this whole debate until after the webinar? Then from Al's own comments one can decide for themselves.


He deserves the same respect Bernie Madoff deserves, IMHO.

I just wonder when Al states what everyone one of these con artist states and that is I do not need to show any proof, are you still going to defend him? I will even step up to the plate. If Al Brooks shows live long term brokerage statements that he is trading exactly as he claims I will eat crow. But as someone who actually understand money and realistic returns on money, there is no way Al is doing what he claims.

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Old November 21st, 2016, 04:03 PM   #193 (permalink)
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tturner86 View Post
Why doesn't Al get the same respect? Everyone is making assumptions about him based on the comments from Emmett?

Why don't we stop this whole debate until after the webinar? Then from Al's own comments one can decide for themselves.

Agreed. Let's wait for the webinar to see what Al decides is the best course of action for him to disprove some of the assumptions already made about him.

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Old November 21st, 2016, 04:32 PM   #194 (permalink)
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rwbil View Post
Amazing you know nothing about me and my trading. But this is the typical nonsense defense of con artist. Attack the people who demand proof.

Al is the one selling books and a trading system. He is the one that needs to show proof of his claims. The fact you do not get that speaks volumes.

Exactly.

Sad to say, but that's the way it is, attacking the one that wants proof.

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Old November 21st, 2016, 05:15 PM   #195 (permalink)
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JonnyBoy View Post
Agreed. Let's wait for the webinar to see what Al decides is the best course of action for him to disprove some of the assumptions already made about him.

A hundred bucks say that he will say yes, he trades real money, yes, he is profitable, but no, he can't show proof because of reasons and blah-blah-blah.

In short, nothing is going to be settled after the webinar, so you guys shouldn't get your hopes that high...


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Old November 21st, 2016, 05:17 PM   #196 (permalink)
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JonnyBoy View Post
Agreed. Let's wait for the webinar to see what Al decides is the best course of action for him to disprove some of the assumptions already made about him.

My guess is Al will not provide anything in the way of "proof" other than vague reassurances. The reality is he is not under any obligation to do anything especially for a few posters on some internet forums.

The real question is what will Big Mike decide to do if no proof is offered. The final decision is his, but I would predict the number of webinars here will drop to practically zero if some strict proof of performance is required. That will be everyone's loss.

Learning to trade is not getting proof of performance from someone and then blindly following them. Truly learning to trade is a process of being exposed to and trying many different approaches, mixing and matching, experiencing and learning until one finds what works for them. Yes, there are crooks and cons mixed in with the good stuff out there but that is no different than anything else in life, one needs to wise to the possible scams at every turn, there are no guarantees as in life, (actually there is one guarantee of not being scammed by trading rooms, DO NOT GO TO TRADING ROOMS THEY ARE A WASTE OF TIME AND MONEY).

The webinars here are a helpful element for learning to trade and it would be a shame to lose that resource especially for new traders because a few insist on guarantees.

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Old November 21st, 2016, 05:32 PM   #197 (permalink)
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I would predict the number of webinars here will drop to practically zero if some strict proof of performance is required. That will be everyone's loss.

Wouldn't that tell you something Important?? Every regulated financial business must show proof and it is funny how all the ones that do can not accomplish what these Trading Rooms claims to do, yet the Trading Rooms who make these amazing claims can not show proof. That tells you something if you listen.

No one is saying blindly follow some vendor. That is just distraction talk from the real issue. There is one and only one issue here and distractions will not change that fact. And that issue is the person selling his trading method able to even do what he claims. Heck does he even trade live? Because if he cannot do it, there is no way you are going to do it.

What other business do people just blindly follow without demanding proof. No wonder this industry is so corrupt.

And for the poster who said just a few posters demanding proof. You must be kidding. Those posters are the silent majority. You really think members would rather see webinars by self-proclaimed profitable day traders who can show no proof of their claims or webinars by proven profitable traders (and yes that might well be zero). Members want to know the truth. So I say:

Let the Truth be told!!!!!!!

And if you think I am nuts and members just want to blindly follow unproven con artist, then I challenge BM to put up a poll and ask.

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Old November 21st, 2016, 05:58 PM   #198 (permalink)
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rwbil View Post
Wouldn't that tell you something Important?? Every regulated financial business must show proof and it is funny how all the ones that do can not accomplish what these Trading Rooms claims to do, yet the Trading Rooms who make these amazing claims can not show proof. That tells you something if you listen.

No one is saying blindly follow some vendor. That is just distraction talk from the real issue. There is one and only one issue here and distractions will not change that fact. And that issue is the person selling his trading method able to even do what he claims. Heck does he even trade live? Because if he cannot do it, there is no way you are going to do it.

What other business do people just blindly follow without demanding proof. No wonder this industry is so corrupt.

And for the poster who said just a few posters demanding proof. You must be kidding. Those posters are the silent majority. You really think members would rather see webinars by self-proclaimed profitable day traders who can show no proof of their claims or webinars by proven profitable traders (and yes that might well be zero). Members want to know the truth. So I say:

Let the Truth be told!!!!!!!

And if you think I am nuts and members just want to blindly follow unproven con artist, then I challenge BM to put up a poll and ask.


One more post since I am done trading for the day, really boring market today.

I agree with you 100%, this lack of proof does tell me something about trading rooms.

It tells me I should not be going to and paying for trading rooms and that is exactly what I do.

I suggest you do the same and get on with your life instead of going on this tirade about trading rooms, seems to me you may have been burned too many times by trading rooms. Now doesn't that tell you something?

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Old November 21st, 2016, 08:15 PM   #199 (permalink)
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I do wish that we would manage a normal level of civility in this thread.

These are only expressions of opinions, not absolute truths to be hurled at an opposition.

Everyone now knows what each side thinks. Now would be a good time to have a certain amount of respect for each other and show some restraint.

I've got my opinion too, and it is probably known by now, so I am not going to put it forward again. At this point, I wish everyone would do the same.

This forum is supposed to be about exchanging trading ideas between people who are basically colleagues, not about fights between adversaries.

There really is no point to continuing this endless back and forth. Let's just let it rest now.

Bob.

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Old November 21st, 2016, 10:51 PM   #200 (permalink)
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Seahn View Post
One more post since I am done trading for the day, really boring market today.

I agree with you 100%, this lack of proof does tell me something about trading rooms.

It tells me I should not be going to and paying for trading rooms and that is exactly what I do.

I suggest you do the same and get on with your life instead of going on this tirade about trading rooms, seems to me you may have been burned too many times by trading rooms. Now doesn't that tell you something?

First once again you know nothing about me. After I realized that trading rooms were ran by con artist, I left them far behind. But I hate scammers and will do everything in my power to let the world know they are scammers and demand they show proof. So I absolutely will go on a tirade about trading rooms, until the regulators get serious and shut these scammers down. If that bothers you so be it. But once again you miss the point or distract from it. It is not about me or any person that has ever been scammed by trading rooms operators. It is about NT or BM allowing these con artist to present a webinar without ever showing a single lick of evidence they have ever traded the method they sell profitable.

Anyone can write a book and be a self-proclaimed successful ES scalper on a 5 minute chart. That is really not hard to do at all. Ah but showing proof of such claims is the hard part.

I wonder when the regulators eventually come in and crack down on this industry and put good old Al in jail will you same the same thing about them.

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