Desire to Trade video podcast
Etienne Crete from Desire to Trade, sits down again for the fifth time with Al Brooks, the best price action trader he (and many others) know of. In this valuable podcast Al shares decades of hard-earned wisdom on reading charts, managing risk, and the one thing that should never be part of your trading plan. Enjoy!
Video duration 27min 45 sec.
Podcast topics
- Mastering Price Action Trading Will Make You Profitable
- 00:50 The journey to learning price action
- 02:39 The “dishonest” early days of trading education
- 04:00 The realization: self-education is key
- 05:18 The common beginner problem: wiping out gains
- 06:48 The right way to scale into trades
- 08:44 How to know when you’re wrong
- 10:05 Identifying a trend reversal
- 11:05 The experienced trader’s mindset
- 12:08 Overcoming bias in trading
- 14:12 Protective stops for beginners vs. experienced traders
- 14:43 Making price action objective
- 15:58 Building a pattern probability database
- 17:43 Trading in a 40-60% probability world
- 18:52 Reward-to-risk and swing trading vs. scalping
- 20:30 The emotional toll of scalping
- 21:36 Trading only when at your best
- 23:17 Adapting to different market times
- 27:32 Where to find Al Brooks
- 27:45 End
