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Which recordings would you buy first?
I have finished the course and took copious screenshots (800 in total) and notes in my Anki (450 cards) for daily review.
I am now ready to start watching recordings of Al's trading room.
Question: Those of you who have bought / regularly buy these recordings:
- Do you buy older recordings where you get the whole year's worth for $200?
- Or do you buy the recent ones where you get 3 months for $100?
- Or do you just buy the current month, even if you're not trading and not watching the market live?
It is a fair question. Essentially what you are asking is how can you get as much experience as possible quickly.
Al trades the same. What you are working with essentially is how volatility has changed in the markets, and then how you manage that.
Obviously, the current volatility is enclosed in the most recent lectures, where you have observed the day, and then a member reviews potential trades at the end of the day. This allows you to get in sync with how the market is moving now.
However, historical periods are relevent too. The whole 2020 covid massive volatility experience, you may never see that again, so perhaps not the best to train on that, but worthy of seeing how you do not want to be on the wrong side of the market.
Summer months and seeing the contraction of volatility is critical. Those who haven't traded for awhile, the trick is to understand how volatility shifts during event periods, and then quiet periods. It is essential to understand both. Often the market gets into a grove for 1-2 weeks and then shifts, sometimes quietly. That "shifting" is what "tricks" newer traders in the desire to "achieve" something. Trading is a "following business".
Hopefully the above help you to determine your best path.
Good trades to you!
Al's trading style hasn't changed and the clarity of his explanations only gets better as time goes on. So you'll want to start with the most recent webinars and work your way backwards. Also, as Eric mentioned above, volatility over the last couple of years has changed dramatically in the ES. So if you want commentary that's relevant to the most current market conditions then again you'll want his most recent stuff first. However, Al has also been speaking less and less days per month and most of the days are now dominated by non-Al substitute traders. If you're looking for the best value of Al per month then definitely get only the webinars from 2021 and earlier.
Hope this helps!
Serious BPA Telegram Chat traders always watch some Al Brooks webinars before going to bed.
Basically, what I'd like to understand is whether there is any downside to buying the cheaper and older bundles. Has Al's style changed since early to mid 2010s? Is there something he used to do that he no longer advocates? Or vice versa?
Al trades the same style with the same analysis. The scalp size has changed due to natural increase in volatility over time.
Since 2016, Al has detailed more on the 4 types of trades at the end of the day:
Buy The Close
Sell the Close
Hopefully helpful and good trades to you!
Before I spend money, I just want to confirm.. This means Al is the only presenter in the webinars from all of 2021 and backwards and have presented all trading days? Thank you, Andreas.