BPA trading room Q&A: June 17, 2015 I bought the 36 low going for a two-point scalp, using a five-point stop. Planning to scale in two points lower. I ended up and exited at the 41 close. Can you comment on this and review your trades? Video duration: 5min 48sec Video transcript Trade management: Scaling […]
Ask Al: Going for Points vs Structured Good Trades
BPA trading room Q&A: May 8, 2015 How many points would you say a beginner should shoot for in a day and in a month? On average, how many are you able to make in a month, looking at what is realistic? [Slang info: To “make your nut” is to break even, anything beyond that […]
Ask Al: Paper trading a simulated account
BPA trading room Q&A: May 15, 2015 Al, what do you think about paper trading in a simulated account? Once a trader knows how to use the platform, is it a help or a hindrance to become a profitable trader? I sim trade a lot, and I’m not sure if it has a positive effect. […]
Ask Al: Brooks Trading Course update
BPA trading room Q&A: April 21, 2015 When are you planning on releasing new videos for your trading course? Can you discuss what it will cover?Audio duration: 5min 36sec — Scroll down for video slide samples and transcript. Brooks Trading Course update Video slide samples – No audio narration (4min 20sec) This video is […]
Ask Al: How did you develop your trading edge?
BPA trading room Q&A: May 14, 2015 How did you develop your trading edge? (Plus follow up related comments by Al on topic a week later.) Audio duration: 2min 49sec — Scroll down for images Audio transcript Al’s most important trading edge That is a question that I could talk about forever, and the […]
Ask Al: Automated trading and emotions
BPA trading room Q&A: May 6, 2015 I’m sure that you looked at automated trading in your long experience. What are your thoughts on automated trading for small volume retail traders, especially for those who cannot usually control emotions?Audio duration: 3min 55sec Audio transcript Sell! Sell Now! No! No! Buy! Buy! Sell! I think traders […]
Ask Al: Scalping strategy for 1 or 2 points
BPA trading room Q&A: May 13, 2015 & May 25, 2011 Today’s Ask Al features two audio extracts on the topic of scalping. The first is taken from earlier this month where Al talks about the losing strategy of trading a 1 point profit target and 1 point stop strategy. The second audio is from […]
Ask Al: On trading and being hopeful
BPA trading room Q&A: April 8, 2015 A lot of times that I’m in a trade at the end of a five-minute bar, especially at a pivotal moment, I find myself rooting and hoping for a great close for my side. Do you ever do that? Or if you overcame that for the most part, […]
Ask Al: Fundamentals, mathematics, computers, and my job as trader
BPA trading room Q&A: May 25, 2011 Where did all that selling come from? (Bars 70-81). I know big traders and computers will short above swing highs expecting points like bar 28 to be tested, and to take profits, but it just keeps going. I don’t understand why. Did bears just hold because bar 76 […]
Ask Al: Doing the right thing Vs making money
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 — Scroll down for image Audio transcript It’s a very difficult day to […]