Live Trades Series: Scaling in to avoid loss

Hi Everyone. This is Al Brooks, and this is part of my Live Trades Series. I took a trade today in one of my actual trading accounts, not just a simulated account to illustrate how to manage scaling in to a losing trade.

Live Trades Series: Scaling in to avoid loss with full transcript:
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Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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[RashidKhan-mrmc]

al brooks is the only guy that I have found to talk about scaling in to take small/no losses, and also with clear direction when not to scale. also, he is the only one who always talks about scaling in winning trades. he is definitely a good mentor

[SnowWhite-drxh]

As far as trading educators go, this guy is in another league

[SpeedyBy]

Al Brooks is the best, the GOAT.I am so grateful to have chance to be learning from you Mr Brooks

[byebyemoney]

this year broke the 35 year record for the 5m not touching the 20 ema touch on the 5m. incredible

[iaron]

if I ever have a hard night trying to sleep I just need to put Al on and I'm out in under 5 mins

[joep]

thanks for putting all of us beginner traders onto great strategies and insight Mr. Brooks I hope you find yourself well

[luizcosta]

brilliant. What 30+ years of experience can teach is impressive

[richjames]

Another great video Al. What would you do if the position continued to go against you? If you are short 4 contracts and it still goes higher do you continue to short more contracts higher or do you have a max loss?

[Roughneck]

Mr Brooks, I just want to say thank you so much for the time you put into writing your books. They have been - by far - the most enlightening trading information I have come across in my endeavors to be a PROFITABLE day trader. I don't yet have the willpower or mental fortitude to be fully profitable just yet, but watching daily price action as it unfolds and recognizing where I SHOULD be placing trades and taking profit makes so much more sense having read your books. Eventually I'll hopefully get up the nerve to start putting some real money on the line when trading to put everything I've learned to good use

[TheDjed]

This is all static I like to see him do it live

[SiddeeqKhan-uxnz]

thank you so much SIR your books are worthy your course are worthy too . i just love you SIR

[gd]

Thanks Al, much appreciated.

Kind regards from Graham D. (England)

[andrebarnes]

Just remember peeps, the s&p been in an uptrend for years. Thats bread & butter. Follow the uptrend or follow the tread. Dont make trading difficult. Just buy on the dips. I use daily or one hour charts. One contract, i made 70, 000 using the 200 and 50 MA. Next year, I'm trading 5 contracts. Daily and one hour charts are less headaches. I'm new to trading by the way. I lose a lot on 5 min charts, so i dont trade them.

[fxtr]

Great leasson and video, thanks for sharing you knowledge🥰

[bestonemusic]

In a losing game such as trading, we shall start against the majority and assume we are wrong until proven correct!

[luistor]

What he says is soo truth is not easy to do that. add as it goes against you and then get out at break even.

[Zdravko]

Reversing is so obvious, but hard because you risk getting really angry at being wrong twice in a row lol
What EMA is this 20?
Thank you Al Brooks for all the amazing free knowledge you share! God bless

[nagarajuhd]

Thanks lot for knowledge sharing. learning from your experience. Taking notes l will keep an eye while reading chart

[Big-upnews]

Amazing presentations and knowledge, thank you for the lessons !

[josephharley]

Thank u SO MUCH. ONE QUESTION SIR, HAVE ALOGOS MESSED UP TRUE PRICE ACTION ????