Live Trades Series: Scaling in to avoid loss

[@SpeedyB0y]

Al Brooks is the best ,the GOAT.I am so grateful to have chance to be learning from you Mr Brooks

[@saulluckman3026]

he is like a coach. Teachs what you should do, but he cant do it. thats a fact.

[@gayan369]

@@saulluckman3026 how do you know that as a fact? Did you see his P/L?

[@saulluckman3026]

@@gayan369 He doesnt show any results. Just talk about it. If any human being is successful in anything its from our nature show it to anothers. He could do it in many diferent ways, like owning an hedge fund and not selling courses. If he would like to sell courses anyway then he could show his results. Or he could never talk about it and could be living like bilzerian. But as he is a loser, he just sell courses, and created a religion group full of people who has to be fatih that he is profitable. Like God. You just need to believe even noone can prove it. So if you are believers, good luck, but you know you are losers too. You are just fooling yourserlves. In Brazil, theres already a research that proves in an universe of 20k day traders who traded every day, only 16 made money. And it was a very small amout of money. And also they conclude all those 16 accounts were actually automated algo trading, because the amount of executed orders. So stop fooling yourselves. "Hey look! I know how to make a lot of money in market just pushing the bottom! WOW Hold myself cause I need to sell courses!"

[@94nole14]

@@saulluckman3026 , then why are you here? You’re obviously “wasting your time” with Al Brooks…no? Why not go troll somewhere else? Are you here on a mission to save us all from our ignorance?

[@sukhmaidickoff]

@@saulluckman3026 First of all - where do you get your statistics? Do you HONESTLY think that 20,000 daytraders would publish how much they win or lose? Secondly, why the heck do you care? Why not just let all those people lose money and why waste 10 minutes of your precious life making a comment about how this is allegedly a scam? Sorry mate, I just don´t understand people like you.

[@RashidKhan-mr9mc]

al brooks is the only guy that I have found to talk about scaling in to take small/no losses, and also with clear direction when not to scale. also, he is the only one who always talks about scaling in winning trades. he is definitely a good mentor

[@SnowWhite-dr6xh]

As far as trading educators go, this guy is in another league

[@joep658]

thanks for putting all of us beginner traders onto great strategies and insight Mr. Brooks I hope you find yourself well

[@luizcosta8122]

brilliant. What 30+ years of experience can teach is impressive

[@iaron7633]

if I ever have a hard night trying to sleep I just need to put Al on and I'm out in under 5 mins

[@anomalylogic5947]

Lol

[@luistor4510]

Jajajaa true

[@blairbaxter1107]

Ha ha ha. I thought it was just me 🤣😂

[@Roughneck7712]

Mr Brooks, I just want to say thank you so much for the time you put into writing your books. They have been - by far - the most enlightening trading information I have come across in my endeavors to be a PROFITABLE day trader. I don't yet have the willpower or mental fortitude to be fully profitable just yet, but watching daily price action as it unfolds and recognizing where I SHOULD be placing trades and taking profit makes so much more sense having read your books. Eventually I'll hopefully get up the nerve to start putting some real money on the line when trading to put everything I've learned to good use

[@byebyemoney]

this year broke the 35 year record for the 5m not touching the 20 ema touch on the 5m. incredible

[@richjames2796]

Another great video Al. What would you do if the position continued to go against you? If you are short 4 contracts and it still goes higher do you continue to short more contracts higher or do you have a max loss?

[@andrebarnes5501]

Just remember peeps, the s&p been in an uptrend for years. Thats bread & butter. Follow the uptrend or follow the tread. Dont make trading difficult. Just buy on the dips. I use daily or one hour charts. One contract, i made 70,000 using the 200 and 50 MA. Next year, I'm trading 5 contracts. Daily and one hour charts are less headaches. I'm new to trading by the way. I lose a lot on 5 min charts, so i dont trade them.

[@RotterStudios]

Is that 50 and 200 SMA or 50 EMA? Also, to trade like that, don't you need a decent amount of capital to start? thanks!

[@andrebarnes5501]

@@RotterStudios I use MA. My broker is amp future. I first started with $1,000 on micro emini s&p. Then I used $15,000 on the emini(thats crazy though). Its emotionally crazy cause i was over 5,000 under water for awhile. But then it started to continue to go up. This year i should have went short after the big red bar broke below the 50 MA and just ride it to the 200 ma, but i listen to other people that it wont go that far. After it dropped below the 200 and then broke above the 200 ma, i bought it. I was thinking it was going to continue to go up, but it dropped again and i lost $1,000, so i got out. The RSI(10) was giving a divergence to the downside, but i didn't listen.

[@RotterStudios]

@Mahdi Jahanshahlou thank you! I'm getting better.

[@emr9411]

How is 2022 treating you?

[@TheDjed19]

This is all static I like to see him do it live

[@SiddeeqKhan-ux4nz]

thank you so much SIR your books are worthy your course are worthy too . i just love you SIR

[@bestonemusic]

In a losing game such as trading, we shall start against the majority and assume we are wrong until proven correct!

[@Big-upnews]

Amazing presentations and knowledge, thank you for the lessons !

[@Morris_MK]

Is there an easylanguage strategy progran that automates all of your suggestions?

[@ohfenomeno]

Audio is too much better, keeping up the content quality.

[@gd6938]

Thanks Al, much appreciated. Kind regards from Graham D. (England)

[@gayan369]

The GOAT🐐🐐🐐

[@rogeriorogerio1060]

Thank you so much for another WONDERFUL video!!!

[@ratnoinamaew7822]

Great detailed info as usual Al. God bless.

[@Ali-oo3iw]

I mainly trade crypto and plan to trade Forex too. Which one of second part of Brooks trading course would be better to study. Anyone familiar with the course, please share your opinion.

[@uynguyenongbao8613]

It's almost the same on P.A principles, just a little different charts he used to illustrate lessons.

[@Ali-oo3iw]

@@uynguyenongbao8613 thank you very much for your response.

[@fxtr1979]

Great leasson and video, thanks for sharing you knowledge🥰

[@josephharley9448]

Thank u SO MUCH. ONE QUESTION SIR, HAVE ALOGOS MESSED UP TRUE PRICE ACTION ????

[@briangardner5053]

Al Brooks said in many talks on youtube that the algos make the price action better by being more logical.

[@rishipatel7998]

@@briangardner5053 Yes very True

[@qasion]

I am sorry I couldn't catch what he said about the moving average,it's based on what?

[@Awakenwithjp00]

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

[@Dan-lv8dm]

Your presence is very valuable,Please make more videos for posterity.

[@futures003]

Great vid. I trade mean reversion so this video was very helpful towards my strategy. Thank you!

[@xiaoliang2698]

What chart is this？Who can tell please？ thank you

[@sonofaput]

What's the numbers of this moving average?

[@SaynTrades]

20 ema

[@rogerwei2006]

Excellent!!

[@oluwatosina.4743]

Pls Can all your strategies work in Forex?

[@nagarajuhd]

Thanks lot for knowledge sharing. learning from your experience. Taking notes l will keep an eye while reading chart

[@sultanzamin6310]

Intraday day is great if you want to share do you trade intraday

[@Link-ny9xz]

so it doesnt work in a bear trend?

[@isabelle8084]

which moving average do you use on the slide 2?

[@ED-TwoZeroNine]

He uses a 20 ema on the 5 minute.

[@paradiselosing]

@@ED-TwoZeroNine I thought that was 2000 tick candles with 20ema?

[@CJ-ru4cb]

Thank you Al!

[@ivicacandrlic833]

All do you use reading the tape skill while trading e-mini? If there are a lot of sellers in a bull trend with limit orders.... trader would expect a price to baunce back of those levels?

[@elareasecretaful]

Do you have a training curse?

[@matthunter9562]

Nice to see you again 👍🏻

[@familyfamily6973]

Hello, do not be tired, Master, I had a question. In 5 minutes after an uptrend or downtrend using the rsi indicator, what do you think? Thank you very much 🌹🤓🙋🙏🙏🙏

[@jacquelinesampson7254]

He don't use rsi only one ma

[@Zdravko7]

Reversing is so obvious, but hard because you risk getting really angry at being wrong twice in a row lol What EMA is this 20? Thank you Al Brooks for all the amazing free knowledge you share! God bless

[@WelcomeHome76]

Yes 20

[@the3ambreeze]

Al Brooks' paaji balle balle

[@TraderJam1]

What is the video soft ware you use to record and is able to speed up your video, Thanks

[@neimarsoares932]

Boa tarde! O Sr ainda opera com o ALS bot? Obrigado

[@ashutoshsasmal7799]

1st viewer Thanks for the Videos

[@ajazzshake]

Thing to remember is the price will either move towards the moving average OR the moving average will move towards the price.

[@frescoinspections]

do u know which EMA he is using?

[@fitnesspoint2006]

Lmao!!! The moving avg is based on price, its not its own entity. If price goes sideways then the math dictates the moving avg will revert to mean price.

[@HARSHSINGH-kw2kc]

​@@frescoinspections20 ema

[@sultanzamin6310]

What about the the three push pattern and 33 trade setup

[@Savike]

that has nothing to do with scaling in losses lol

[@anhtranxuan1502]

THANKS !

[@Awakenwithjp00]

Awesome. Take an 1hr voucher to interact with above number.

[@ccjx_space]

Thank you, Mr. Brooks! 🙏🙏🙏🙏

[@pbp7]

Thank you, Sir!

[@hadideihim7590]

god bless.thnks for everything

[@GBERTS]

very good Al

[@kollapavankumar2941]

Thank You Soooo Much Al.....

[@kollapavankumar2941]

I Already Subscribed.....

[@luistor4510]

What he says is soo truth is not easy to do that. add as it goes against you and then get out at break even.

[@janmeijer9774]

Thank you!!

[@sagarbhat3323]

Thanks a lot for your guidance. Please keep posting more videos..

[@navketan1965]

I would add that for intraday trading most important trend is 15 minute, 1h and 4h-- and daily trend candle has to be same color at least 2 days in the same direction. For intraday trading weekly & monthly trends do not matter much & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general daily candle has to be in the same direction for any trade--Sir, what do you have to say?

[@rajeswarim6751]

Excellent

[@ahmadsalimi3271]

tnx so much for your helpful teaching

[@WorkoutwithAnand]

Thanks a lot sir 🙏

[@1320wolf]

Do you consider the amount of retracement, when trying to anticipate a breakdown?

[@nevinkuser9892]

This video on chart patterns will help you immensely. Just watch it until it's burned into your brain. kzbin.info/www/bejne/l4PPiJ-bbtigrdk

[@druntopronto7598]

you do exactly in the first minutes what I am doing as a newbie.... and i hate myself for this because (as you know) it's not trading, not clean sophisticated trading.. how many times it just doesn't work and you will be squeezed? I am sorry for people to see you to do this and promote it. people, do not average down or up!!!! cut losses as early as possible with very tight stop losses.

[@emr9411]

Study up cause this is what all the big dogs do with big accounts and wider stops. His probability of win/be rises when he adds however if you get good probability then your risk goes up.

[@druntopronto7598]

@@emr9411 so u tell it that i have done when i was starting trading what big dogs do? that means only one thing they are dumb like shit.

[@mebowexp8564]

this is pure counter trend trade what he show.

[@trustmebro2803]

long live, sir

[@asteroid2sky]

thank you Al we need video for Micro E mini pleeeeeeeeeeeeeeeeeeeeeeeeez🌹🌹🌹🌹🍀🌿🌹🌹🌹🌹

[@Awakenwithjp00]

That’s cool,.. take a 1hr voucher to interact with above number☝️

[@ishwarkomare9337]

Sir continue video in a week please sir

[@ftttrader]

first two entries very risk imo... market can easily run away.

[@ishwarkomare9337]

Thanks sir this video

[@nrr26000]

Nice Video. Thank you very much and CU Soon...

[@FabiGomes]

I understand English but love trader

[@ngzhenwei7089]

"Do not be greedy when wrong"

[@emr9411]

He’s not being greedy he’s playing the probability. Go study

[@Will_Ramb0]

Facts, you'll get destroyed if you aren't trading small enough to be able to scale in

[@waheed7969]

world thanks

[@chernp66]

Doubling down on a losing position in the futures market is a terrible idea and a quick way to blow an account. I would never do this

[@fitnesspoint2006]

He has 35 years experience and he is giving a precise methodology along with a 99.9 statistical outcome of touching the 50 ema on a daily basis. Your general statement of what not todo is why he is where he is and you are a commentator.

[@mihalym.6876]

@@fitnesspoint2006 Information missing from the video: the account size and how many times can you do this. Take the risk on one side and take the reward (to hope for clearing loss) to the other side. Is it really worth it? For futures market with high leverage and large swings like NQ it is a very risky move regarding the positive outcome. Using 6 contracts (150USD per point on NQ) is not a child playground, you could end up -10k unrealized loss and thinking about what to do. This method can be used with the account size over 1M for NQ on the ranging periods. But if you stuck into a strong trending day on the wrong side using doubling method than it is game over. Mentally it will hurt so deeply you can not imagine. Do not be blind, following advices without thinking. Be critical, calculate the worst case scenario. Do not forget the first aim: capital preservation. All my respect for Mr. Brooks but there are methods I will not follow. We are different and it is OK.

[@flyhigh5056]

Interesting, so what do you define a losing position? The market going 1, 10, 100 or 1000 ticks against your initial entry?

[@Roberto_Reef]

The best thing to do is to get out with a small loss in the first trade.

[@chilatelover]

Funny, i thought i would buy the first retracement of the explosive uptrend...

[@TIKIWOLF]

This happened to me today! Sold a pull back on BTC bull market (Duh! 🤡) luckily scaled in and it came back to average out. (Whew!) 🥴 Don't bet against the Trend.

[@bazman7255]

You know what shits me about his first book. He name drops shit without explaining what it is. And he often calls shit a Low/High 1 or 2 and it's far from it. His book is giving me the shits

[@himanshuwilhelm5534]

Glossary.

[@bennya2846]

Hey Brooksy… ur alright…..ur alright.

[@fosterchild4523]

Yeah, this works very often...but the one time it doesn't it will wipe out your entire account.

[@emr9411]

You’re very wrong. You would blow your account because you trade more than 2% of your account. Al is not trading any bigger than 2% of his account, If that. I bet he has about .25% risk total on his account

[@tightlines9873]

I find it bizarre that you didn't look for an entry to BUY that first pullback. I mean, why risk a sell on a (potential) small bear move in a strong bull trend? The odds of a second bull leg after that first two-legged pullback were probably also 99.9%, but with much more profit potential. Furthermore, doubling down on a losing trade that you should have already exited strikes me as very irresponsible advice for about 99.9% of the people who will watch this video.

[@adrianoferreira3183]

He didn’t because this is not the purpose on this video. Who never sold high betting it’s going down at least for a scalp? This video shows what the seller can do if the market goes against him. If you don’t feel ready to do it or you think it’s not right, do not do it.

[@tightlines9873]

@@adrianoferreira3183 Trading is entirely about minimising risk. So why would you risk a sell scalp in a strong bull trend? And why would you be stuck in a trade and contemplating doubling down to get back to break-even? Where the heck is your stop-loss! For a scalp! If doubling down doesn't work out, you're now deep in the red, all because of an attempted risky sell scalp in a strong bull trend! I'm struggling to think of a worse instructional trading video to post to KZbin.

[@ThreeSalmonCircus]

I really think this video is also to demonstrate the nearly ironclad reliability of an eventual reversion to the mean every day. He is very clear about never doing this unless in a very specific situation.

[@saulluckman3026]

he does the opposite of what he is teaching. He is not profitable. And if he is, it might be very small amout of money. Hes business is selling courses and hope. If he could trade profitable for a living then he would trade alive at least for a period to prove to anyone he can do it and can prove that what he teachs works. But he is a loser at the market.

[@arni74419]

@@saulluckman3026 shame on you - what he is teaching - you even can't think - how do you know he is small profitable ? Do you have his account password ? How he survived so long in this market ? Middle finger is waiting for you 😉

[@laughinginthe90s]

This is a very dangerous thing to teach new traders, especially without enough warning.

[@Awakenwithjp00]

Everyone has to be careful life is all about putting risk, take a 1hr voucher to interact with above number.

[@ashleysims2237]

i agree why teach trade against the trend thats terriable thing to teach a new newbie

[@danielhoward4566]

I do believe he said that only experienced traders with enough capital might want to scale in like he did in this video. Nowhere does he mention for new traders to do this.

[@jeraldravi1536]

Please market up date daily please

[@BhojrajoO]

🙏👍

[@averythompkins3682]

JESUS loves you so much and may you receive HIS Comfort and feel HIS love, and just know that the darker our situation the lighter HE shines, if you believe in HIM and turn from your sins, you will be saved, if you have not.

[@yousefahmadian2538]

👌🌹

[@ratnoinamaew7822]

Useless information he has never shown 1 live trade in his entire 30 year "career".

[@FabiGomes]

Faz um canal traduzido para português 😍👏🏻👏🏻👏🏻

[@steffengermany7174]

Always bet against the trend :-) % really??

[@ivicacandrlic833]

I lost 600 today scalping ES

[@forex9ja520]

Obsolete style of trading..maybe for you but for me, it's just cumbersome, too much information to remember, not technical and looks outdated.

[@aaronhaynes8135]

Please kids don't try this at home. Way too difficult with very limited reward. Not too mention, you can't use this strategy to get funded by a prop firm.

[@jamesjeong4447]

AI Brooks.. are u novice ? do you know 'long-position entry/exit' 'short-position entry/exit'? there is basic trading method for future. they called position trading. Basic Trading Technic for future. must study.. OK ?

[@emr9411]

A little less of this 👄 and a little more of this👂

[@cassadaga]

Never never add to a losing trade. take the small lose and look the other direction. This is how new traders blow up their account. I have seen it over and over. AI you should delete this video.

[@loupasternak]

forget this nonsense

[@emr9411]

A little less of this👄 and a little more this👂

[@RashidKhan-mr9mc]

al brooks is the only guy that I have found to talk about scaling in to take small/no losses, and also with clear direction when not to scale. also, he is the only one who always talks about scaling in winning trades. he is definitely a good mentor