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davewolfs
Sat Dec 05, 2009 10:12 am


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Al is a great teacher and trader.  He goes through his entire thought process through each trade considering both the pros and cons - this is how you must think to win this game identifying risk and potential reward since realistically, all trades have a 50% probability of being successful for that specific opportunity. It's what your percentage is over time that counts and from what I can see Al's is very high.

I think the biggest advantage that traders can get out out of this is to learn how to think whole brained rather then being completely rigid with what they have learned in the book.  To win you must be loose and disciplined.  You will see Al highlight his best setups and also learn some new tricks.

Just a few examples from Friday are understanding when a trade might be fine even though the SB is not perfect, executing an order at bar close rather then 1 tick above/below. Understanding that certain instruments cover and average range during pullbacks and why it's ok to place a limit order during these.

Information like this is priceless for the new trader.  

My only warning or suggestion to those who are already consistent with your own trade setups is that if you feel strong conviction in your trade and are preparing to enter an order it can be beneficial to mute your own audio just to eliminate any thought that might cause you to doubt your own trade.  At the same token, listening might keep you out of a bad trade.  So as a user you have to decide what is best for you.

Ultimate respect to Al and a big thanks to both him and the administrative team who have worked so hard to get us here.

Cheers,

Dave