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Al Brooks Trading Course (www.brookstradingcourse.com)
This statement in of itself probably explains why you post so much in this thread. I will be sure to label myself "advanced" for further discussions. Are brokerage statements needed for "advanced" status?
I agree with what most are saying. If a trader is claiming to be profitable, he should at least provide some gimps of his broker statements. At the very least, show that he actually entered a trade, if he is showing some type of specific entry that he took based on a setup. I do that myself, when I record my videos. It just provides a certain level of confidence and accountability, which is desperately lacking in this industry....
Unfortunately, this industry is so unregulated that basically anything goes. I can just setup a website, claim to be hugely profitable and sell a course for a few hundred, and put the usual label that this is for "education" only. It seems like the word "education" is a catch all to absolve a vendor from all blame. I guess it is what it is...
To me, I think I've reached a point where I no longer care if the trader is really profitable or not. Nor do I expect trade by trade accountability, because I've come to the expectation that it just doesn't exist. I simply do not have that kind of time and energy to track a persons fills and call him out, when we all clearly know he's most likely on Sim anyway.....
To me, when I buy a course, all I'm expecting is to learn something new or get some new ideas from the actual material, and hopefully use that to improve my own trading system. I do not expect anything more than that.
I also do vote in favor that if a vendor who claims to be hugely profitable wants to do a Webinar on FIO, he should be at least vetted to a certain degree. Not asking for a full 10 year IRS audit, but at least last few months of broker statements (I don't see how that can be considered illegal??). I think that will certainly set this trading site head and shoulders above the rest and hopefully push this industry in the right direction (finally). For your consideration, Mike.
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If someone comes here to teach, that beautiful. We all can learn something from someone.
If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.
I do not think he can have it both ways cannot have it both way."
