{"id":38880,"date":"2015-05-09T03:31:49","date_gmt":"2015-05-09T10:31:49","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=38880"},"modified":"2015-08-14T09:56:31","modified_gmt":"2015-08-14T16:56:31","slug":"doing-right-thing-vs-making-money","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/ask-al\/doing-right-thing-vs-making-money\/","title":{"rendered":"Ask Al: Doing the right thing Vs making money"},"content":{"rendered":"

BPA trading room discussion: April 2, 2015<\/h2>\n

Discussion during webinar during difficult market when Al talked about accepting the day we get and focusing on doing the right thing, and not to be concerned with making money.
\nAudio duration: 1min 46sec \u2014 Scroll down for image<\/em><\/p>\n

 <\/p>\n

Audio transcript<\/h2>\n

It\u2019s a very difficult day to trade. I don\u2019t get nearly as many trades as I\u2019d like. So far today all the trades are scalps. But you have to calmly accept the day that is in front of you and try to make good decisions. And be very patient and very selective. But I do think it\u2019s really hard. Takes a lot of work. I end up making less than what I want to make. But, obviously, my goal is to make as much money as I can. But I don\u2019t think of it in that way. I think of it as my goal is to try to do the right thing<\/em>. And try to do good things, to be consistently good. To make good decisions – to manage trades well. And I trust if I\u2019m able to achieve that, then I\u2019ll make certainly enough money. But that is my focus.<\/p>\n

\"150402-ask-al-7-es-chart-doing-right-thing-vs-making-money\"<\/a><\/p>\n

My focus is not \u201cOh my gosh! I gotta make so many points today.\u201d I\u2019m aware of how many points I make but I really do not spend time thinking about that. All I think about is \u201cIs what I am doing sensible? Will I buy above 32 for the High 2 16?\u201d I will not. \u201cWill I sell around the 15 low if we get there?\u201d I might, it depends on how the market looks when it gets there. If 33 looks like bar 4, I\u2019m not going to sell. I\u2019ll instead look to buy a pullback. But if the rally looks like this (bars 21 to 25), so we if we start to go up 4 or 5 bars and it looks like this, I\u2019ll be much more interested in selling around the 15 low and the moving average. \u201cAnd what about selling below 32 or 33?\u201d We\u2019re trending down but the follow through, I think, is bad: bar 28 \u2013 30 \u2013 32 – 33. So I suspect more buyers than sellers below 33.<\/p>\n

Al Brooks<\/em><\/p>\n

Information on Al’s Online day trading room<\/a><\/p>\n

Note: Al talked extensively on this topic again in yesterday’s webinar (May 8). Will add another Ask Al ‘Doing the right thing’ article later after publishing several other topics in the works. [BTC Admin]<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

BPA trading room discussion: April 2, 2015 Discussion during webinar during difficult market when Al talked about accepting the day we get and focusing on doing the right thing, and not to be concerned with making money. Audio duration: 1min 46sec \u2014 Scroll down for image   Audio transcript It\u2019s a very difficult day to […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-38880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/38880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=38880"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/38880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=38880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=38880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=38880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}