Ask Al Brooks: Final Steps to Trading Profitability

Al Brooks Trading Room Q&A: February 16, 2016

Al was asked about what his final steps were reaching trading profitability. Al gave a number of obstacles, expereineced by most other wannabe traders, taking him 10 years before realizing what he actually needed to do.

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You can find all 'Ask Al' Q&A extracts, both video and audio, including full transcripts, on "Al's Blog" at the Brooks Trading Course website:

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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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[felixjabreufx]

great video AL thanks for sharing and caring please keep them coming.

[SnowWhite-drxh]

This is an amazing video. Personally, I’m in the process of removing indicators, looking at price action, finding setups that I enjoy trading, adding and testing moving averages to see if they add any edge, testing volume and oscillators to see if they add any edge, trying to find the minimum and the most essential and most effective tools for my trading. There are teachers, and then there are Teachers. I’m very grateful to Al for his contribution to trading. It’s amazing how many YouTubers can tell you just enough truths about trading, and just enough wisdom, but leave out a part of the picture that conflicts with them selling their indicator, strategy, course etc. All I can say, is that when the student is ready, the teacher will appear. And I think perhaps those who leave out the full truth of trading might be useful in that they can take you far enough, and protect you from the crushing reality of how hard this craft is. But you must move on, find the next teacher, find the next teacher, and then eventually you become the teacher.

[chiranjeebthakuria]

Most people in the trading world are still liars. Sad reality.

[felixjabreufx]

question do you read news for market sentiment before you look at chart and if you do what is your thought process?

[zaetv]

All they adds were put there by a thief! Tell them al