Scalping series: #01 Rules for scalping

Sdílet
Vložit
  • čas přidán 28. 05. 2024
  • Hi, everyone. I’m Al Brooks. Thank you so much for your attention. I’m creating a series of videos on scalping. The first video is going to be about the rules for scalping, and then the other videos in the series will be about how to scalp. I hope that you find the material useful.
    You can view video and full transcript on the Brooks Trading Course website at:
    www.brookstradingcourse.com/t...
    Visit the Brooks Trading Course website for Emini S&P 500 and EURUSD Forex daily reports, weekend market analysis reports, many articles, audio and video extracts, and much more.
    Website Blog: www.brookstradingcourse.com/p...
    Facebook Group: / brookstradingcourse.of...
    Discord Server: bit.ly/btc-discord
    ------------------------------------------------------------------------------------------------------------------------
    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.
    ------------------------------------------------------------------------------------------------------------------------

Komentáře • 916

  • @philippatterson3747
    @philippatterson3747 Před 2 lety +31

    'Beginners have an incredible talent at exiting right before a trade goes their way.' This hit home deep!! LOL

    • @One-way
      @One-way Před 3 měsíci +5

      Yessir… Al punched me in the head and wallet at the same time with that truth bomb 😂

    • @jasondoroin2927
      @jasondoroin2927 Před 3 měsíci +3

      Man so true

  • @justvaish9902
    @justvaish9902 Před 3 lety +249

    He is simple, precise and to the point. So many wisdom bombs dropped with zero exaggeration. It's rare to see such brilliant teachers in this era of clickbait.

  • @mikez4132
    @mikez4132 Před rokem +5

    Really appreciate the decades of experience speaking and teaching.

  • @sherryalfiebestprotraderik8949

    EL MAESTRO DEL ÉXITO NUNCA ESTÁ LLENADO EN LA PARTE SUPERIOR

  • @barmarcelo
    @barmarcelo Před 3 lety +3

    Yes!!!! Thanks a lot! Nice to see new content on pratical trading again from you Sir!!!! Wish you're and your family are ok in these strange times.

  • @real_forex885
    @real_forex885 Před 3 lety +24

    Sir I don't know how to thank you... it's been 6 years since I was constantly losing money and then a year back I found you and started trading the way you make logic for things now I scalp m1 chart all with ur rules and I make 400 to 600 usd daily by scalping for one point of gold... The only thing which is keeping me away from losses is my big account, no stops and low leverage.. I always scale in and and try not to get panic in situations where market make sudden moves and I add some risk at the point where others are existing their positions.. Lots of love and respect from 🇵🇰

  • @jordiros5723
    @jordiros5723 Před 6 měsíci +2

    It's always nice to listen to someone whose voice carries the weight of experience, time and wisdom. The real risk in the market is the uncertainty of the future. The more uncertain the times, the riskier taking long term bets becomes. We are in a time when assuming the future will be like the past is foolish in the extreme. Scalping makes much more sense for times like these -- you need to think about the time exposed to the risk of some wacko blowing something up, or some crook being revealed as having scammed some big bank.

  • @SamSam-jp5zk
    @SamSam-jp5zk Před 3 lety +2

    Nailed it!!! "beginners have an uncanny ability to exit a trade before it goes their way" Yup! Also me--> "okay, hold it because it will go your way, eventually." Nope, bc i either took a long position at the days high or short at the days bottom....ughh that darn Kill Zone!! LOL

  • @cycletrade2276
    @cycletrade2276 Před 3 lety +8

    I've been actively trading full time since 2000 and I learn some things from you.

  • @masque7645
    @masque7645 Před rokem +4

    I am taking Al's course. Super brilliant and he bought my TA skills up to another level. Thank you, Al!!!

  • @edwarddick9673
    @edwarddick9673 Před 2 lety +9

    You've done justice to this topic. Very informative. Meanwhile, I'm a long term investor. My wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k, Cashed out 370k from the S&P and invested with a full service broker. Until about 3years ago we were 100% in the s&p after over 30 years but I have diversified much more. I'm retiring at the end of the month at 61, while my wife will retire next year at 57. We currently have `1.7 million in out tex deferred savings.

  • @firlifanzhich236766
    @firlifanzhich236766 Před 3 lety +2

    That will be a great series. Thank you Mr. Brooks.

  • @breannestahlman5953
    @breannestahlman5953 Před rokem +2

    Thank You Al Brooks for your good video.
    You start with understandable things, as a beginner, I'm delighted to have had a 100% comprehension of your content.

  • @johnmurphy5106
    @johnmurphy5106 Před 2 lety +2

    Really great stuff Al! Thank you for sharing your knowledge.

  • @grantviviano4615
    @grantviviano4615 Před 3 lety +1

    Have averaged roughly 10K a week since May of 2020 as a scalper. Mr. Brooks and I do things very differently, but just wanted to encourage those who want to pursue day trading.

    • @specopstrader
      @specopstrader Před 3 lety

      Grant, can we connect? Shoot me an email, kerry@ilj.com. Thanks brother 👍

    • @lonelychris1024
      @lonelychris1024 Před rokem

      How much capital do you use weekly?

  • @patchzev754
    @patchzev754 Před 2 lety +1

    Al, I just have to say, you are an ICON! thank you so much!!!

  • @keen2461
    @keen2461 Před 3 lety +8

    The best and most realistic video about scalping that I've seen here on YT. Looking forward to next installment on how to scalp.

    • @ronaldgooglesearchdavidwal6198
      @ronaldgooglesearchdavidwal6198 Před 2 lety

      Here is an advice for every upcoming trader, first make sure you research for a strategy, secondly if you decide to get a mentor make sure he is a registered investment adviser/broker these days you have to be careful a good way to start your career is researching *Nicholas Alexander Kelly strategy* the strategy is currently working and the creator is registered as well so there you go.

  • @rbsmsg
    @rbsmsg Před 3 lety +2

    Excellent video, waiting for part 2. Thank you very much.

  • @jansenintheprovince5282
    @jansenintheprovince5282 Před 2 lety +1

    Very valuable info. Thanks a lot.

    • @Awakenwithjp00
      @Awakenwithjp00 Před 2 lety

      Awesome.. take a 1hr voucher to interact with above number☝️

  • @SScanada
    @SScanada Před 2 lety +2

    This video is the closest in concepts that are close to live trading problems. Amazing content here

  • @pikiwiki
    @pikiwiki Před 2 lety +2

    the way this is presented is gold. There is no knowledge assumed on the part of the viewer and insights about the chart are PRESENTED IN TEXT. Meaning you don't have to rewind constantly to figure out what he just said.

    • @FelitaDaniels
      @FelitaDaniels Před rokem

      Yes I love the printed text too, as I am taking notes. I can't tell you how many times I have to stop and start other peoples videos to get it all down when they talk fast. I know that this gentleman really wants you to learn- he's not just after CZcams views.

  • @aishatharabatu6282
    @aishatharabatu6282 Před 3 lety +16

    The thrills , the rush, yes please, but I can't forgive the losses and the time input, that is why I hire then I learn.

    • @aishatharabatu6282
      @aishatharabatu6282 Před 3 lety

      Trading is quite easy and profitable, i have been able to earn lots of profits through the help of Mrs alice, an expert trader I met a couple months back she is really good

    • @aishatharabatu6282
      @aishatharabatu6282 Před 3 lety

      + 1 ( 4 1 7 ) 9 8 7 - 8 3 6 1

    • @aishatharabatu6282
      @aishatharabatu6282 Před 3 lety

      Reach on watsappkk

    • @jaysonmchaully2703
      @jaysonmchaully2703 Před 2 lety

      Mrs. Alice is great, I'm surprised to see her been mentioned here, I have earned over $36,000 through the help of Alice, she is really a wonder

    • @torygivens4858
      @torygivens4858 Před 2 lety

      oh yes she is, I have earned over $30,000 trading with her strategies on binance and cryptofx, she is the best, less % on commission if you join her traders community

  • @SmilingSynic
    @SmilingSynic Před 3 lety +2

    I do hope that Al gets some new customers as a result of this video. He seems like a good guy who knows what he is talking about.

    • @cryptocrewuniversity8710
      @cryptocrewuniversity8710 Před 3 lety

      Thanks for commenting, I will refer you to my Trade Analyst and accountant to make good income, go more on digital assets..
      W..h...a..t...s ..a p..p
      +1 ...3...5...2...5...3...5...0...7...8...8

    • @DD-lm1gv
      @DD-lm1gv Před 3 lety

      @@cryptocrewuniversity8710 SCAMMER ALERT!!! You aren't the "Real Brooks Trading Course." Fake account!!!

  • @rayrasta46
    @rayrasta46 Před 3 lety +2

    Mr. Brooks. I have been successfully trading for 20 years. Found your books about a year ago! great assets and very easy to understand once you put the time in "LINE BY LINE" of your books.
    I posted a few of my scalp trades on my youtube channel all LIVE trades. you inspired me to open a video channel. ha i don't have much time outside of my work (trading) but wanted to thank you for your great ideas on the craft!

    • @One-way
      @One-way Před 3 měsíci

      Hope you’re killing it Ray !!

  • @swhalES83
    @swhalES83 Před 3 lety +19

    You the man Al. Thank you, looking forward to more. Just finished 'Trading Price Action Trends' again. Love the book, love your work.

    • @76biggdogg
      @76biggdogg Před 3 lety +2

      Why are the scam comments I reported days ago still here ?

  • @sumo479
    @sumo479 Před 3 lety +6

    Thanks Al, best of luck to you too.

  • @suzannefairley2243
    @suzannefairley2243 Před 3 lety +1

    Thank you for video! Looking forward to next one!

  • @africaeyesandears
    @africaeyesandears Před 3 lety +2

    Goodness me. What a refreshing change. Good content. Very sobering. Thanks

  • @VinnieRuocco
    @VinnieRuocco Před rokem +2

    Thanks for making these videos Al you are a very wise man and I love learning so keep up the great work and thanks again !

  • @rayllerroland4068
    @rayllerroland4068 Před 3 lety +3

    Esse homem é o Zagalo do trade !

  • @breannestahlman5953
    @breannestahlman5953 Před rokem

    18:27 Very interesting about begginners fear reactions and 19:05 market going down until no more weak hands are left!.

  • @houstonbella2871
    @houstonbella2871 Před 2 lety +41

    Seven months consistency of profitable investments
    I think it’s safe to say nothing beats professional guidance.

    • @bnmyron4225
      @bnmyron4225 Před 2 lety

      How do you go about it, longing to get on the market but always seem to hit more of losses when I try

    • @owenbrian343
      @owenbrian343 Před 2 lety

      Its indeed tasked with complication and technicality
      I praise any one able to make genuine profit of the market

    • @houstonbella2871
      @houstonbella2871 Před 2 lety

      Well I’ve had my share of losses, I’ve had positive outcomes allowing Noud Mikan handle my trades, this way I’m able to earn while I learn

    • @alecapaula1856
      @alecapaula1856 Před 2 lety

      He’s making a name for himself, it’s not the first time I’ve come across positive recommendations about Mikan

    • @bnmyron4225
      @bnmyron4225 Před 2 lety

      How can I get to him ?

  • @tradergman6761
    @tradergman6761 Před 3 lety +46

    I clicked on this as a skeptic, and left as a believer. Good job, sir. Look forward to more content from you on a scalping.

    • @EliteTraders777
      @EliteTraders777 Před 2 lety

      Al brooks is really good. He has like 50 years trading experience

  • @ivicacandrlic833
    @ivicacandrlic833 Před 3 lety +1

    I love scalping.... and I love watching all of your videos.

  • @sunilkumar121
    @sunilkumar121 Před 3 lety

    Y r Such a great mentor, teacher, trader, incredible person Al Brooke, gone through all your books written on Trading. Being Doc u look the Candle sticks at Microscopic Level

  • @albokor9075
    @albokor9075 Před 2 lety +2

    Best and exceptional video. All other videos shows scalping is just simple thing and anyone can do it. Thank you!

  • @jerryoconnor6770
    @jerryoconnor6770 Před 2 lety +7

    Dr. Brooks, I just bought the three book series. It is dense difficult reading, but so useful, thoughtful and full of experience/wisdom. I was hooked when my opinion from experience matched your thinking on indicators and some "gurus". Thanks for this insightful information on scalping. I find a line chart priceless in making trends starkly vivid and candle charts for necessary details that enhance decision making on trades.

  • @h.sinclair
    @h.sinclair Před 2 měsíci

    Watched this video many times without understanding a lot in it but every time I understand a little bit more (specfically about scaling into a position that is going against you) incredible wisdom and experience... Thank you 🔥

  • @ej3358
    @ej3358 Před 2 lety

    11:20 I love that illustration! Exactly right!

  • @gabrielmondragon6308
    @gabrielmondragon6308 Před 3 lety +5

    I've been fascinated by scalping for a bit now but ultimately decided I should stick with learning swing trading....lol

  • @rkatz0
    @rkatz0 Před 3 lety +5

    Well, this certainly dispells a lot of myths! Thanks for posting such a valuable gem!

  • @Bonaldo123
    @Bonaldo123 Před 3 lety

    Al brooks is the bible of price action! Thanks for your work.

  • @thisisandre21
    @thisisandre21 Před 2 měsíci

    Thank you, Al Brooks.

  • @adamparusel
    @adamparusel Před 3 lety +3

    Thanks a lot! Looking forward to the next episodes 🙂

    • @DD-lm1gv
      @DD-lm1gv Před 3 lety

      @@cryptocrewuniversity8710 SCAMMER! You aren't the "Real Brooks Trading Course." Fake account!!!

  • @dirgeforthymurder
    @dirgeforthymurder Před 3 lety +63

    Another tip is that when scalping using really short time frames, its a good idea to use market orders instead of limit orders on stocks with high liquidity and low spread rather than losing time putting in a limit order and waiting for it to fill.

    • @jrdsm
      @jrdsm Před 2 lety +4

      holy shit thanks for this tip

    • @id10t98
      @id10t98 Před 2 lety +4

      @@jrdsm i despise market orders but it is true for these quick in'n'out trades.

    • @activepeace2889
      @activepeace2889 Před 2 lety +2

      But stop order might not guarantee the order will be executed

    • @dirgeforthymurder
      @dirgeforthymurder Před 2 lety +5

      @@activepeace2889 A stop limit order may not fill 100% of the time since price can flush below that level in volatile markets and fast water fall drops, but a stop market order will automatically fill at a trigger price once hit.

    • @travisrsmith44
      @travisrsmith44 Před 2 lety +2

      I use both market and limit. Limit orders are placed at key intraday levels. When I'm actively scalping its all market orders.

  • @asteroid2sky
    @asteroid2sky Před 2 lety +1

    thank you Al love the tips you gev

    • @Awakenwithjp00
      @Awakenwithjp00 Před 2 lety

      That’s Lovely of you .. take a 1hr voucher to interact with above number☝️

  • @gharibsol5840
    @gharibsol5840 Před 3 lety +1

    Thank you for your honest insights. Great content .

  • @almac2811
    @almac2811 Před 3 lety +3

    Thank you so much Al, I'm eager to watch your next video of this Scalping series.

  • @smacpost3
    @smacpost3 Před 3 lety +5

    This is gold-plated palladium, Mr. Brooks. Thank you.

  • @heinz20
    @heinz20 Před měsícem

    Incredible insight

  • @freeaccstuff153
    @freeaccstuff153 Před 3 měsíci

    Combining your concepts with the machine learning we have today has help me become profitable

  • @donaldjones8920
    @donaldjones8920 Před 3 lety +2

    Thank you so much for this video. I have been trying to trade successfully and had decided scalping was the way to go.....until now. For the first time, I am convinced to try trading a longer term time frame. Thank you, and I will be watching your other youtube videos, and perhaps I will be able to become one of your students.

    • @nicholaswoods8000
      @nicholaswoods8000 Před 3 lety

      That's a good decision you made, quitting is never an option but winning is...I suggest you should get in touch with an expert advisor who can be of help to you
      Here try contacting Mr Ray Perkins via rayperkins247@gmailcom for his assistance

  • @SadNbad101
    @SadNbad101 Před 3 lety +62

    So happy to see you’re uploading content again :)

    • @blackwallstreet6610
      @blackwallstreet6610 Před 3 lety +3

      I second this

    • @romandorose7618
      @romandorose7618 Před 3 lety +1

      Trading is when you meet a good management like

    • @ronaldgooglesearchdavidwal6198
      @ronaldgooglesearchdavidwal6198 Před 2 lety

      Here is an advice for every upcoming trader, first make sure you research for a strategy, secondly if you decide to get a mentor make sure he is a registered investment adviser/broker these days you have to be careful a good way to start your career is researching *Nicholas Alexander Kelly strategy* the strategy is currently working and the creator is registered as well so there you go.

  • @koonsickgreen6272
    @koonsickgreen6272 Před 7 měsíci

    What u r saying answers so many questions and hyphotesis in my head. I especially appreciate the high win ratio, risk being more than reward, using stops to enter positions. This is counterintuitive to most of the easily available info. As I've done more scalping, i gavitated more towards what uve mentioned. Its good to have confirmation.

  • @lac5187
    @lac5187 Před 3 lety +1

    Thank you All for sharing some principles about scalping . keep doing that, no ideia how much help us.

  • @matiasbarros7702
    @matiasbarros7702 Před 3 lety +28

    Hi, Al.
    On Twitter i saw this great video.
    I’m here just to thank you for all the effort trying to teach who appreciate your particulary way to see the market.
    I’ve been studying for a couple of years all 4 of your books and started to structure better trades.
    Again, i’m really thank you for everything you’ve been doing (and Felippe Aranha too)!
    Best regards.

    • @romandorose7618
      @romandorose7618 Před 3 lety

      I always love your participation on this site

    • @cryptocrewuniversity8710
      @cryptocrewuniversity8710 Před 3 lety

      @@romandorose7618 Thanks

    • @cilasmarcal7789
      @cilasmarcal7789 Před 2 lety

      Top irmão..estou nessa mesma pegada,estudando muito a metodologia dele,no momento só estudo..

    • @JamesRichard-db6ue
      @JamesRichard-db6ue Před 6 měsíci

      AI is the best
      I got a chance to Speak with him Personally on Instagram a week ago
      He is now on Instagram

  • @pierl55
    @pierl55 Před 2 lety +110

    • @hectorpreuss1418
      @hectorpreuss1418 Před 2 lety +2

      Different TA's says otherwise and this is very confusing. I have been looking for a good analyst to rely on. How do i get hold of Joel since alot of people recommended him all over youtube ?. There is no harm giving him a try since his results are all positive.

    • @neilguinn6219
      @neilguinn6219 Před 2 lety +1

      There is an opportunity for newbies to capitalize on, It’s quite a shame people can’t see this, tradlng is everything right now.

    • @dominicsykes8306
      @dominicsykes8306 Před 2 lety

      Trading bitcoins is now very straightforward unlike before. Being a premium cryptocurrency earner, I have been able to create good history, so i understand.

    • @Sportlolly
      @Sportlolly Před 2 lety +1

      @@staubwedel171285 Don’t feel bad. I did too. But I promise don’t sell and before you know you will be in the green and smiling again. BTC isn’t going away. Crypto is only going up in the future.

    • @pierl55
      @pierl55 Před 2 lety

      @@hectorpreuss1418 Telegram➣Joel_trades

  • @RohnisGames
    @RohnisGames Před 3 lety +1

    Excelent Video! Hope you make more of these informative ones.

  • @joestes
    @joestes Před 2 lety +1

    This is great! Great work Al!

  • @Sarah-vs-Hagar
    @Sarah-vs-Hagar Před 3 lety +19

    Mr. Brooks, you may never read this, nevertheless, thank you for sharing your great mind with those of us who cannot "get it" especially with Forex. I have something to try.

    • @craigjones5154
      @craigjones5154 Před 3 lety +1

      You could "get it" with an expert. At least I did!

    • @cryptocrewuniversity8710
      @cryptocrewuniversity8710 Před 3 lety

      Thanks for commenting, I will refer you to my Trade Analyst and accountant to make good income, go more on digital assets..
      W..h...a..t...s ..a p..p
      +1 ...3...5...2...5...3...5...0...7...8...8

    • @craigjones5154
      @craigjones5154 Před 3 lety

      @@DennisRay99 certainly not brother! So, take that back!

    • @DennisRay99
      @DennisRay99 Před 3 lety +2

      @@craigjones5154 Done. Who's your expert?

    • @craigjones5154
      @craigjones5154 Před 3 lety

      @@DennisRay99 Thanks brother! His name is Jason. If you're interested, you can contact him directly through his g. Mail. Address

  • @italofreitas3365
    @italofreitas3365 Před 3 lety +8

    Oi Al, sou do Brasil, te conheci pelo Felippe Aranha, estou muito feliz por voce existir e fazer o que faz, você e o Felippe mudaram meu modo de ver o Mercado, Thank you!

    • @clebergomes995
      @clebergomes995 Před rokem +1

      Vc estudou pelos livros dele?
      Comprei a trilogia traduzida pelo Felipe Aranha e estou estudando.
      Pode me dar algum feedback?

    • @italofreitas3365
      @italofreitas3365 Před rokem

      @@clebergomes995 Olá Cleber, que bacana, eu comecei pelos recaps do Aranha no canal dele, eles ajudam muito vc entender o que está nos livros, depois dos recaps eu comprei quando lançou o primeiro traduzido "tendências", já li ele duas vezes e estou lendo a terceira, sempre tem coisa nova que passa despercebido, ainda não comprei os outros. Ano passado fiz o curso do Aranha "Acelerando" pra quem tá lendo o livro, também serve muito bem porque vc aprende muito na prática o que tá lendo. Se eu puder te dar um conselho, é que leia com calma cada capítulo e tente aplicar no seu grafico cada tema ao final de cada um, pra fixar bem, leva tempo mas depois vc vai perceber que vai ficar natural a leitura das barras. Abraços

  • @shawnsmith1865
    @shawnsmith1865 Před 3 lety

    very enjoyable. Thank you Mr. Brooks

  • @74HOLLE
    @74HOLLE Před 2 lety

    Fully recommended.
    Thank you.

  • @PriceTimeCrypto
    @PriceTimeCrypto Před 3 lety +6

    Thank you for your wisdom! Would love to see a "Rules of Swing Trading" series from you

  • @mr.goldfarmer4883
    @mr.goldfarmer4883 Před 3 lety +3

    I read some of Mr Brooks published books and they are extremely insightful! Definitely was a stepping stone for me getting to a level of consistency.

    • @Ace-gf9om
      @Ace-gf9om Před 2 lety

      Which did you read?

    • @mr.goldfarmer4883
      @mr.goldfarmer4883 Před 2 lety

      @@Ace-gf9om Trading Price Action - Trends and Trading Price Action - Reversals. Nuggets of gold scattered everywhere in those two.

  • @were2man
    @were2man Před 3 lety +1

    Thumbs up. Very useful for beginners.

  • @daltonh6303
    @daltonh6303 Před 3 lety +1

    Hi Al, I want to thank you very much for the videos. Your straight forward no none sense way has inspired me to really learn price action. I will be purchasing your course soon. Thank you again

    • @daltonh6303
      @daltonh6303 Před 3 lety

      @@cryptocrewuniversity8710 Is this a real reply? When I click on the author, it goes to an empty profile and it seems uncharacteristic of Al to write something like this.

  • @pokerpro-experience4822
    @pokerpro-experience4822 Před 3 lety +2

    U r so awesome AL! I become a big fan from brazil and im reading your books trends , it is really insane its like exploding my mind! Thank u for the videos and thank for share your knowledge

  • @nancy9249
    @nancy9249 Před 3 lety +10

    I’m slow by nature so I probably won’t scalp. You held my interest and I learned a lot!

  • @vive121
    @vive121 Před 3 lety +1

    Explained in detailed. Thank you ❤🌹🙏

  • @JunkBondTrader
    @JunkBondTrader Před rokem +1

    At first I used really tight stops. I figured if I minimize my loss amount, that it's being conservative, and I will make a big trade every now and again. Didn't work, especially in crypto with volatility. Your positions are almost certainly going to be in the red at one point, in almost every position. Sure enough the market would often dip just below my limit sell then reverse. I figure that's because I'm doing what seems obvious, just like every other noob, and so that's where lots of orders are placed.
    Now I do the opposite. I don't set stops really, I set up the trade so that the liquidation price is at a level that I consider extremely unlikely to hit. This takes some more courage... Sometimes my trades go deep in the red, but if I stick to my guns and analysis, not only do I hold it, I add to the position on the way down... Then when the market reverses, I exit below my entry and still profit, and if it's a strong reversal sometimes I make out quite nicely. Most trades fluctuate into red and green, but if you can confidently predict the overall flow and trend of the market, you just maintain your objective, and you will find a nice spot to sell. Nothing feels better than setting a stop deep into the profit. Anyway most of my trades now are successful, sometmes it takes longer to ride them out, and this ties up cash, but its way more profitable overall. Maybe it goes below, and I get screwed on one trade, but, I've made lots while it ranges. Sometimes I've even had to add margin to extend my liquidation price a couple times because of unexpected dips, so really you need a high ratio of capital vs trade allowance. I only use futures with 5% of portfolio at the very most, and trade fractions of that per position. It's ike poker, it's a lot easier when you are playing with more chips than the other players.
    You gotta know the marrket too. I've been succesfull with crypto lately knowing that there is massive support at 18k btc. Maybe it dips below someday and I get screwed on a trade, but I've made a lot more while it has been ranging back forth over from 19-22. Also the fees are very low, so you can make small positions, and make high volume of trades without the fees being quite as high. Also there is a lot of inexperienced traders in crypto right now so pivot points are relatively easy to anticipate.

  • @user-ml7ye7ni7q
    @user-ml7ye7ni7q Před 2 lety +74

    I totally agree with what you are saying. I started in trading in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience and what i have learnt from Mason Jianjun I have learned from you and other Youtubrs especially my mentor Mason Jianjun who taught me how to make trade and increase my crypto from 11 to 27btc that no one really knows what is going to happen in the markett ...

    • @user-ml7ye7ni7q
      @user-ml7ye7ni7q Před 2 lety

      Junvest 0n Tele gram.......📧📧

    • @brai1988
      @brai1988 Před 2 lety

      Throughout my trading experience,Mason has been the most consistent and dependable source of information.

    • @johnsonmccollough632
      @johnsonmccollough632 Před 2 lety

      he boosted my portfolio from 0.7BTC to 6BTC in two months, I couldn't be more appreciative.

    • @bernadettritah2188
      @bernadettritah2188 Před 2 lety

      ever since I started trading with Jianjun,its been a flow of finance, I bought my first house December last year.

    • @dr.baloghmaria2858
      @dr.baloghmaria2858 Před 2 lety

      I'm also a subscriber of his signal's, and if I were to rate their accuracy I would say 95%

  • @arantzazubasilo106
    @arantzazubasilo106 Před 3 lety +41

    This is quite interesting and informative but most trader's fail Because they give up quick, it takes time, patient and lot's of trading experience to become a profitable trader, An alternative seek guidance from some pro trader's and more to avoid loses of funds.

    • @arantzazubasilo106
      @arantzazubasilo106 Před 3 lety

      In all my years of trading and research the most valuable insight was getting in touch with a pro trader Briggs Donald and ever since i started investing with him have been making cool profits like never before, will recommend him as one of the best trader have come across due to my experience with him.

    • @arantzazubasilo106
      @arantzazubasilo106 Před 3 lety

      I'm not bragging a trial will definitely prove, you can reach him via mail at

    • @ariadnacebrian4171
      @ariadnacebrian4171 Před 3 lety

      Wow what a flourishing coincidence so you invested with Briggs Donald also? This man is really dominating the trading zone and making things easy for his investors, keep the good works sir.

    • @CarlosEduardo-zq6rf
      @CarlosEduardo-zq6rf Před 3 lety

      This is exactly how I got recommendation about Mr. Briggs and gave a trial, though I was a bit skeptical at first, but after I made my first profits of $7k as a beginner I can boldly say he's the best with profitable strategies.

    • @felipeh8276
      @felipeh8276 Před 3 lety

      Nothing to worry about when investing with Briggs Donald, I'm very confident in his strategies and experience in the market, I can boast of 2 btc in my portfolio through his strategies, His type are just rare in the trading zone.

  • @teresapozancosdesimon7558

    i paperhanded a good position just in the moment u where explaining that newbie traders often close trades right before the move

  • @aihtiram
    @aihtiram Před 2 lety +1

    Thankyou, as a beginner this is helping me

  • @RajatSharma-jk1qj
    @RajatSharma-jk1qj Před 3 lety +4

    Sir, you are really GREAT, an honest and humble person I've ever seen in this business, I am your biggest Fan, thanks for your valuable contribution to the trading community. You are the G.O.A.T 🙏

  • @seanwilliams2760
    @seanwilliams2760 Před rokem +7

    I think trading is so difficult because everyone's strategy is subjective. I think the best way to learn is to read books study the market and develop a strategy that works for you. As a beginner trader it sucks to hear that but unless you find a video that gives you the exact layout for how you want to trade than the info wont do a whole lot. For example, I am working in a scalping strategy and this video say never scalp for less than 10 cents in a stock . I would say that probably depends on the type of stocks you trade and what your fees are. I could successfully make a profit by scalping as little as 4 cents. But then again that depends on what my broker is charging me and how much shares I am working with. Im still behinner trader but kind of gave up on watching videos for tips I don't think you'll ever find like a video thats going to be an ahh ha moment.. I think just taking the info noting some of the kwybpoints but still feel youbhave to put it together on your own

  • @Surfgarage760
    @Surfgarage760 Před 3 lety

    thanks looking forward to video 2

  • @TraderSamsara
    @TraderSamsara Před 3 lety

    I think a good trader must have three things : mindset, technique and execution skills. You are the master of execution skills.

  • @igor38746
    @igor38746 Před 3 lety +6

    Abraços do Brasil

  • @ericdelafuente8314
    @ericdelafuente8314 Před 3 lety +52

    Pattern recognition, stock picking, when to buy or sell, what to do when the market is crashing? A few important things to answer before every newbie should ask before getting placing a trade. Don't rush the process. I started profiting from the market when I discovered a better and more effective way to trade and make money. I'll be on to seven figures by years end. Kudos

    • @iamgreat7111
      @iamgreat7111 Před 3 lety +1

      Going into stocks I had this idea in my head, Do what the guy in the videos says and you'll make a ton of money off stocks. But I assure you it's harder than that. I've been making beginners mistakes and it been costing me. What steps did you take to learn? How have you been making money?

    • @ericdelafuente8314
      @ericdelafuente8314 Před 3 lety +1

      I put my figures out there to entice people but trust me it takes a lot for work to get those figures, though personally I don't work hard at my account myself, At the start of My trade journey I had a risk manager Mr Noud mika ( trade analyst ) handle me trades for me, came across him through a recommendation from his client, went through his qualifications and I just had to have a man like him take charge of my trades, noud through the EV and pharmaceutical surge and made a comfortable $500k off them. Since then his been at the helm of my trade affairs.

    • @curious-chris
      @curious-chris Před 3 lety

      @@ericdelafuente8314 going into stocks and fx newly some many thing could wrong, that's why I stock with real estate. BUY, FLIP AND SELL, nice decision with the Expert though

    • @sophiastones2719
      @sophiastones2719 Před 3 lety

      Take it from someone who has joined a lot of discords and bought a lot of trade courses coming across licensed pros like this is a rare, Most successful clients keep the secret to their stock success to themselves. Is Mr Mika available to every and anybody? How do I reach Mr Mika?

    • @ericdelafuente8314
      @ericdelafuente8314 Před 3 lety

      His mail is
      @

  • @rafaelrojas7249
    @rafaelrojas7249 Před rokem

    Very good advice, thanks!.

  • @bpiedfort
    @bpiedfort Před 9 měsíci

    Thank you - so much information delivered clearly and concisely! ❤

  • @rbeetleman2924
    @rbeetleman2924 Před 3 lety +9

    Successful scalping requires finding securities with low spreads. This limits the field of choices significantly. For example, a trader might identify a very useful indicator GBP/NZD, however, with a simple scalping strategy this might have to be discarded because the average spread on this pair is 4.4 pips. Essentially the problem here is that the client is limited to only a small number of currency pairs, which can lead to many missed opportunities. Why I strongly advice a solid broker like I work with Sir Eddy Bruke

    • @peskovomsk6850
      @peskovomsk6850 Před 3 lety

      Truly stated, I am a virgin in terms of trading too but was adviced to try scalping with this been the best explanation I can get so far. I want a direct guide on the market proper to begin trading

    • @wallstreetdreams6284
      @wallstreetdreams6284 Před 3 lety

      Sir, Eddy Mc Callister Bruke. a name held in high regards for his expertise and professionalism, admitting this here is my biggest pleasure after handling my portfolio in his care during the heat of the pandemic when things were rough, I was able to rake in over $24k in profits and since then it’s been to the sky only big results

    • @rbeetleman2924
      @rbeetleman2924 Před 3 lety

      E D D Y B R U K E • I N F O

    • @johnsonmchughes8116
      @johnsonmchughes8116 Před 3 lety

      My idea of financial market online is risky and like a gamble but from your perspective I’ve come to understand it’s quite easier than that and just takes coordinated guide and expertise. Thanks I’m definitely giving it a try

    • @emmyoregon1983
      @emmyoregon1983 Před 3 lety

      The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.

  • @DD-lm1gv
    @DD-lm1gv Před 3 lety +2

    Great Video and definitely hits home. Thank you for the content.
    Do you use volume at all as an indicator of momentum on top of price action?

    • @cryptocrewuniversity8710
      @cryptocrewuniversity8710 Před 3 lety

      Thanks for commenting, I will refer you to my Trade Analyst and accountant to make good income, go more on digital assets..
      W..h...a..t...s ..a p..p
      +1 ...3...5...2...5...3...5...0...7...8...8

    • @DD-lm1gv
      @DD-lm1gv Před 3 lety +1

      @@cryptocrewuniversity8710 SCAMMER! You aren't the "Real Brooks Trading Course." Fake account!!!

  • @e.davidjohnson2797
    @e.davidjohnson2797 Před rokem

    Great video Al, there is a good reason why they call you the GOAT. Thank you.

  • @mgdurandolo
    @mgdurandolo Před rokem

    Awesome vid! I've been scalping for a few years and these vids brought some stuff together for me. Thanks for posting!

  • @dwightwellings
    @dwightwellings Před 3 lety +52

    Very insightful video, learning online is great, but I can't think of a more innovative way to earn from the financial market (forex, crypto & stocks) other than having professional guidance through and through...

    • @dwightwellings
      @dwightwellings Před 3 lety +2

      i'd recommend Lance Ingrid Bernthal
      Telegram: @LANCEBERNTHAL

    • @ruiz.delgado
      @ruiz.delgado Před 3 lety

      @@dwightwellings i'm curious, what exactly does he do for you, does he sell signals?

    • @toddoennis
      @toddoennis Před 3 lety

      Lance Bernthal is an absolute legend. I've worked with him in the past, he's always on time with payouts, and he's very skilled and attentive to details. He was able to rack up $250,000+ in my first couple of months investing through him and his team, i 100% recommend👍

    • @dwightwellings
      @dwightwellings Před 3 lety

      @@ruiz.delgado No he doesn't sell signals, he basically handles trading operations on my behalf and charges a 25% commission on all proceeds from trading. All i have to do is provide capital, and he and his team handle the rest so that i earn passively from the market. This afford me the greatest luxury of all, TIME, time with my family, and time with my garden. He seems to have a full grasp as to how the markets work, i'm very satisfied with his performance so far. And his performance speaks for him more than he does, i got wind of his services from my step father who's been investing with Lance for more than 5 years, securing his retiring fund with ease...

    • @ruiz.delgado
      @ruiz.delgado Před 3 lety

      @@dwightwellings Interesting, I like the idea of earning passively. Can one invest remotely, I live and work in Greece, is it possible for Mr Bernthal to handle my investment too?

  • @lucassantilesdossantos9066

    You are the best brooks! I am in love with books i bought in brazil.
    Now i can make money after read they. Thank you so much for that!

    • @cryptocrewuniversity8710
      @cryptocrewuniversity8710 Před 3 lety

      Thanks for commenting, I will refer you to my Trade Analyst and accountant to make good income, go more on digital assets..
      W..h...a..t...s ..a p..p
      +1 ...3...5...2...5...3...5...0...7...8...8

    • @DD-lm1gv
      @DD-lm1gv Před 3 lety

      @@cryptocrewuniversity8710 SCAMMER ALERT!!! You aren't the "Real Brooks Trading Course." Fake account!!!

  • @darkfalcon7097
    @darkfalcon7097 Před 3 lety +2

    Tks very much Al, it's working fine

  • @JohnLoganR
    @JohnLoganR Před 3 lety

    Informative. Thank you.

  • @drostradamus
    @drostradamus Před 3 lety +6

    Hey Al- i think this is great perspective but i just slightly disagree with the last few seconds. You mentioned that you should not spend too much time on scalping but i would argue that it's time you need to become proficient at any skill, let alone scalping.
    Swing trading is definitely an area where I would like to develop over time but in my opinion scalping is more enjoyable.
    You are light years ahead of me in trading but i am bit reluctant to accept the case that scalping is not a career. Could you please elaborate?

    • @DD-lm1gv
      @DD-lm1gv Před 3 lety

      He never said that. He said most traders end up being swing traders so if you scalp, have small position sizes and treat it as a hobby (ie game). He is speaking to most traders here.

  • @gwendolyntyler9540
    @gwendolyntyler9540 Před rokem +3

    Yeah that is right i think the best way is to invest with a professional, at least it saves the me trauma of too much losses, This just surprised me because i also invest with Sherry Alfie.

  • @amirmoezi8316
    @amirmoezi8316 Před 2 lety +1

    Thanks a million for your invaluable content.. it's just wonderful

  • @jigneshsavaliya4703
    @jigneshsavaliya4703 Před 2 lety +1

    Really appreciate your efforts; Thanks!

  • @Blancheivey
    @Blancheivey Před 3 lety +51

    For a while I struggled with series of reoccurring losses as a beginner trying to find good footing in the trading market. Now I earn almost thrice my old salary and even more courtesy of the trading services of my fund manager

    • @6Jamesabbott
      @6Jamesabbott Před 3 lety

      Hi Blanche! how do you make such? I’ll love it if you can recommend some positive approach to this

    • @Blancheivey
      @Blancheivey Před 3 lety

      @@6Jamesabbott I contracted an expert funds manager Ronald B. Furey to handle my trading analysis and executed trades with his superior expertise of the market giving me a much better standpoint and chance of earning colossal profit returns. So far, I’ve grossed a total profit of over $190k with his assistance

    • @Blancheivey
      @Blancheivey Před 3 lety

      @@6Jamesabbott If you might require his assistance reach out to him via email

    • @Blancheivey
      @Blancheivey Před 3 lety +5

      Ronaldbfurey@gmailcom

    • @6Jamesabbott
      @6Jamesabbott Před 3 lety

      @@Blancheivey What’s the guarantee of profits with the all risks involved?

  • @mariahclaire1256
    @mariahclaire1256 Před 3 lety +44

    This video says it all sir, Even the best trades and the most profitable trading strategies won't be effective if you don't have strict money management rules in place to protect your winning trades, cut your losses and grow your account that is while I highly recommend Mr Romero pieto who indeed trades on my behalf making me earn more profits every week.

    • @oliverbenito5614
      @oliverbenito5614 Před 3 lety +9

      Love his trading pattern it's highly obtainable and also profitable when it comes to consistent profiting.

    • @beckymilton2029
      @beckymilton2029 Před 3 lety +2

      Apparently this is one of the most gifted trader around,I have only been with him for 4 months now and I have learnt so much about his trading skills.

    • @mikemorgan3938
      @mikemorgan3938 Před 3 lety +6

      Nice teaching sir.

    • @hwndrickdunk8538
      @hwndrickdunk8538 Před 3 lety +3

      I never knew how to make consistent profit in the online trading market till I met Mr Romero pieto who helped me out by Trading on my behalf and also giving me a proper guidance in my trading sectors.

    • @aaranbenton9810
      @aaranbenton9810 Před 3 lety +5

      Oliver Benito does Mr Romero pieto trade on behalf of respective clients from France 🇫🇷 ?

  • @james130362
    @james130362 Před 3 lety

    Thank you very much. This makes perfect sense. Practice, practice, practice....

  • @sheraadsmith9244
    @sheraadsmith9244 Před 2 lety +2

    Dr. Brooks, what a blessing to come across your CZcams channel. Wish I had crossed your path many moons ago. I'm defiantly going to buy your course, even though with the information you are freely sharing, one is able to practice and become a profitable trader. Be Blessed

    • @magnetchiefskingdom1713
      @magnetchiefskingdom1713 Před 2 lety

      Make sure you have a barber as your neighbor because you will lose a lot of your hair in the process. I bought his course 2 yrs ago and it is a challenging read, especially his books.

  • @pascalfrancisco8795
    @pascalfrancisco8795 Před rokem +3

    Nice one here, though I prefer trading with the help of a professional trader, I believe it saves me time and reduces the risk involved in managing my trades..

    • @gwendolyntyler9540
      @gwendolyntyler9540 Před rokem +3

      From my experience, Crypto market is a good investment for those who enjoy putting their money to work and allowing expert financial analyst help them invest. I like crypto / forex trade because there are many ways to earn despite not investing and a 100% money guarantee.

    • @sherryalfiebestprotraderik8949
      @sherryalfiebestprotraderik8949 Před rokem +2

      @@gwendolyntyler9540 You're right, that's why I invested with Sherry Alfie into assets like cryptocurrency and some stock..