The Godfather of Price Action Trading! Speculators podcast with Al Brooks.

it doesn't matter what time frame you trade what matters is you know are you comfortable are you successfully profitable and don't worry that somebody else oh if I'm trading a 30 minute chart this other guy trading a FIV minute chart is going to make more money than me who cares right you know you're doing it to make money for yourself you're not doing this to make more money than somebody else you know you're not going to make more money than Ken Griffin you're not going to make more money than Warren Buffett right there's always going

to be somebody who does things better it makes more money you know your goal is to be happy and successful and don't worry about you know if your comfort zone is trading a 15minute chart or if your comfort zone is trading a daily chart or weekly chart it doesn't matter you know find a comfort zone where you can trade profitably and you're going to make a ton of money Mr Al Brooks welcome to the channel thank you for stopping by thank you for having me Aaron yeah it's very good good to have you here and

I should say Merry Christmas because it's h TI the season yeah Merry Christmas to you too yeah thank you thank you uh how is your trading looking around the holidays do you tend to take some time off or or do you find this to be a good time to be on the screens well the week between Christmas and New Year's is usually about the slowest week of the year and you know I I plan vacations throughout the year and you know I my kids you I got five kids and they're all adults and several of

them have their babies so I want to I try to be around Christmas because I want I want I want to see them all when they visit L of times they don't let me know until a day before you know Dad you know we're coming over so so I want to make sure that I'm here very good very good yeah you just have to be on stand by then so if you jet off the screen during our call I'll know that one of them hit you up and they're on the way that's right uhhuh very

good well I said in the beginning but just as a maybe an introduction or just as my first words we just turned on the camera and this is our first words to each other and uh when I think of Al Brooks I I think of The Godfather of price action and just pure price action and chart reading and uh it's very interesting to meet you it's I'm very much looking forward to picking your brain and to to hearing from you and just hearing more about your story and and uh I'm excited see where this conversation

goes so once again a big thank you for for stopping by and as we do jump into it would it be okay if we just start off with um maybe in your own words how you would describe your approach to the market yeah you know um you know I I'm I'm kind of an arrogant guy but when it comes to the market I'm very humble I always assume that there's an institution taking the opposite opposite side of every trade that I take and therefore for I can't be you know 100% certain of anything in general

I look at 95% of the bars on the chart as having um a 60 to between 60 and 40 40 and 60% chance of going one way or the other way 5% of the bars on the chart look like what we had at the end of today where the market just collapsed okay so 5% of the bars in the chart are very high probability that the market is going to do something and and early on in today's collapse the probability was 70 or 80% that the market was going to keep going down but for most

of my setups when I'm trading I assume there's a no worse than a 40% chance that I'll win and no better than a 60% chance that I'll win because there there has to be a reason for somebody to take the other side of the trade so um you know if I if I think I'm 70 or 80% certain uh you know I I never think that way you know I never think you know I have guidelines that let me know when I'm wrong for example if I was long right before today's collapse and I saw

two big bear bars on the FIV minute chart closing near their lows both closing below the moving average and the 20 bar exponential moving average and the body of the second bar was completely below the moving average I know there's a 60% chance of a bare Trend in other words many bars going down and and once you start to get a third and a fourth bar and the bars start getting bigger the odds are 70% chance that the market is going to keep going down or at least 70% chance when I say keep going down

I think in terms of measured moves so the open of the first bar of the be breakout to the close of the most recent bar of the bear breakout the market has a 70% chance of falling that much further and if you get three bars it's the open of the first bar to the close of the third bar if you get three B Big Bear bars closing near their lows there's a 70% chance it's going to go that distance below that that Final close so today today's a special day you know it's unusual to have

that kind of a collapse like we had but for most of the time when I'm taking trades I'm always assuming I'm going to be at least 40% right 40% of the time I'll end up with a a profit that is maybe twice my risk and U usually not more than 60% so you know and also I'm I'm very quick to change my mind and I'm I'm never married to any position you know if I look at the chart and I think yeah it's a reasonable buy setup I'll take the buy setup but if I become

disappointed I'll get out and sometimes if the market disappoints me in a u in a very strong way for example let's say I buy and I see two big bear bars closing near their lows um I'll probably get out before that but if I see that I'm probably going to get short so you know I'm very quick to discard whatever opinions I had a minute ago every new tick that I see is more information and with that more information I reevaluate you you know what what what do I think the market is going to do

okay very good there was H actually quite a bit to unpack with that um when you're trading are you definitely mentioned quite a bit of structure but also some I think independent decision- making would you consider yourself more on the discretionary side of interacting with the market or more on um following the process side yeah I'm just you I think anyone who's who's trading everyone everyone has a system everyone has setups okay so you know I have I have a bunch of things that I know um when I see certain things I know I can

if I can I I just I see I see trades on almost every bar right and I use discretion you know some I take some I don't take so you know I think of myself as a discretion AR Trader but all discretionary traders who are profitable have some method to what they're doing so they look for setups they don't necessarily take every setup and I do see setups on every bar you know on a f minute chart on the e- mini there are 81 bars in the day and on every bar I see something I

can do you know I can buy I can sell I can use a wide stop I can scale in you know I see something that I can do on every bar and a lot of times I I can see both a way to make money sell in and buying at any given moment you know then it comes into management do I use a wide stop do I scale in and I don't take 81 trades during the day but you know I try to take five 10 15 trades on an average day and I just um

you know plus you know you got eat lunch you got to go to the bathroom sometimes your kids call or your grandkids call so there's there little windows in there where it's just Deadtime and when those when those windows are over I just go back to work I just start looking at the chart and try to figure out you know what's the chart telling me what what will the next bar and the following bars like do and I also take trades that are relatively low probability you know for example a 40% probability is relatively low

but if you go for a reward that is at least twice your risk it's that's a profitable strategy even if you win 40% of the time you're going to make money and if you can make like today at the end of the day you can make many times greater than your risk and you know days you know trades like that even though when you initially take the trade at the top of the day there was a a major Trend reversal I would I describe it as a higher high major Trend reversal or final flag reversal

and there was a second sell signal bar you know if you take that the risk was not all that small and if you I didn't hold for the whole thing but if you held for the whole thing um you know I tend to get out and get in but if you held for the whole thing you would have made you know 20 30 times your risk and you know that um greatly you know if you're trying to win 40% of the time and you're trying to get a reward that's twice your risk occasionally you're going

to get a reward that's five times your risk or 20 times your risk and that really helps um you know your profit your profitability yes yes so when you are coming into the day and you're you're planning out your trades do you have like the - mini S&P as the the one thing you focus on or how many products are you trading I um I know I trade bonds I trade gold I trade crude oil I trade a lot of stocks but most of what I trade is the E mini and um and the reason

reason for it there are several reasons one is you can make it can handle any any kind of volume and you know any any size trade that you want to make em can just swallow it up and you won't even move the market so so so I never have to worry about um size you know if you're trading um stocks especially stocks that are thinly traded you have to worry about um manipulation and size and bad fills and I don't have to worry about that with the EM Min and then also um I like the

feeling like I'm connected to the market you know I'm part of the market and the Emy is you know B it's basically the S&P it's it's the underlying is the cash index of the S&P 500 and that is the market so I feel like I'm I'm playing with the big boys it makes you know makes me feel like U what I'm doing is significant also I like the idea that I can take money from the institutions you know they have really good Traders well I think I'm a pretty good Trader too and so I like

the challenge very good when you are looking at these and deciding what you're focusing on for the day is how do you refine down what that looks like for you most of the time I'm going to start the day looking at the em and I'll have on one of my charts I have lines of um important prices for example I always have a line across yesterday's high have a line across yesterday's low and if there's some significant high from a week or two ago or a month or two ago or six months ago I'll have

that drawn on the chart because those prior highs prior lows are all significant and and I also um have a line across the chart for the Globex High and the Globex low I trade the day session chart but 90% of days will break out of the Globex range so if the market is starting to go up toward the um top of the Globex range I'm much more interested in buying and if it gets near the top and reverses I'm very interested in selling just like with any other support and uh resistance and then there are

all kinds of other little magnets throughout the day for example if the if the day is most mostly a trading range day and the open of the day is in the middle middle of the day's range the day is normally going to try to test the open later in the day you know most days try to close near the high most days try to close near their low if they can't do either they try to close near the middle so I also at the end of the day pay attention to the exact midpoint of the

day's range because that that's another magnet so yeah there a bunch of little things then also you got diagonal trend lines drawn across lows diagonal trend is going down across highs there are all kinds of things that I look at on the chart as magnets the market tends to get drawn to them and then you see what the market does when it gets to them and I either look for a breakout or reversal and I I said something really important a few minutes ago and I'm going to say it again for a breakout of any

support or resistance I talked minute a few minutes ago about breaking out to the downside during today's collapse if I see um a bull breakout for me a breakout a bull breakout the minimum needed is a bull bar with at least an average size body closing near its high and closing above the high of the prior bar okay so anytime I see a big bullar closing on its high and closing above the high of the PRI bar that's a breakout and what did it break out of well at a minimum it broke out above the

prior bar and if you look to the left there might be another high that it broke out above and if I see a second bar bullbar closing near its high with a relatively big body um so now I have two closes above that resistance and if the body of the second bar is completely above that resistance I know there are 60 or 70% chance the market is going to go up for some kind of a measured move okay so if you get two closes above resistance with two consecutive strong bull bars big bull bars closing

near their highs and the body of the second bar is completely above that resistance there's between a 60 and 70% chance that the market is going to go up for some kind of a measured move you know the bigger the bars the more likely it'll um it'll go up for some kind of a measured move and I was actually I wrote that down when you were talking about the way it broke down from the uh from the be side to revisit because I had some questions about this as well when you are um looking for

let's say that breakout um are you weighing in contextually the fact of let's say if all it's doing is breaking through at least let's say that previous bar or if this is having a breakout from some serious consolidation or above or below some type of a key level will you increase the size or be more aggressive on those positions or are you treating those fairly equally normally I think it's really easy to get distracted when you trade for example your grandkid calling you you know there there are all kinds of things that can distract you

in your trading and therefore I try to minimize what I'm doing I want as few moving Parts as I can have and what I talk about in in my chat room is that people should have two sizes they should have their normal size and if the stop has to be far away so that the normal size requires them to risk more than two or three% of their account they need a second size and I wouldn't have a third or fourth or fifth size right I wouldn't treat it like um it's on a sliding scale you

know to me you have two sizes your normal size and if you don't take a trade because you're afraid you have a second size and how big is that second size I recommend 20% of your normal size so if you normally trade five e- Minis and your stop has to be too far away and you don't want to take this trade then you would trade One e- Mini you know you don't spend time thinking about should I trade two this time should I trade three this time that's that's a distraction and that's a sign of

weakness and whenever you let yourself get distracted you you're if you're in battle you know if you're distracted you're G you're G to get killed right when you're trading you have to be as mechanical as you possibly can do can be and you want as few moving parts and you can say okay if I trade one em Min I'm not going to make much money right you take one e mini and if the market goes let's say you buy let's say it's a buy setup and you buy and the breakout is very big you trade

one e- mini and then let's say the market goes up the size of a scalp and the e- mini now scalps are about five points okay and then you get another bar closing near as high what do you do you buy more and then let's say a few bars later you get another bull bar with a decent sized body closing near its high what do you do you buy more so you're scaling into a winning position and you know you you were not able to take the five contracts initially but you might get up to

two three or four contracts and given that since the bars are big you could still end up making as much as you would on a normal trade where you would trade five contracts sure um when you are sitting down at the screens and you talk about these magnets and these trade ideas that you have either a statistical back tested understanding of what's likely or some type of repeatable pattern that you've seen before are these things that are a little bit in intuitive to you or do you have maybe a large library of these that you've

built up over the years that's funny that you ask um I have um every day I'm for 35 years now since the you know 1980s when I started trading back then I used to print out charts every day and I used to look for patterns and I'd look for every pattern I could find and sometimes patterns would overlap and sometimes a pattern could be classified as two or three different types of of patterns and over time and I I have back tested i' I've spent I don't know over 10,000 hours um back testing things so

you know I have the back testing side of things so I have a lot of experience with back testing and I and then beyond that I just have personal experience and I try to simplify things like I said um if you stop as far away and the bars are big you have a 70% chance of making some kind of a measured move reward equals your risk right and if your probability uh is only 40% on a trade like today at the at the top that reversal had a 40% chance of leading to a swing down

and it it led to a massive swing down but when you first took it it only had a 40% chance right so you I pay attention to that as far as patterns go um I have um about a hundred I said I said I print out I used to print out charts every day now what I do is I um [Music] capture screen capture charts and I go through every bar on the chart and look for every reasonable pattern as I said I see stuff on every bar but I look for major the major things

you know maybe five or plus major things that happen every day and I mark them up and I file them away so you know today at the start of the day we had two consecutive bull bars closing near their highs on the open that's a buy so you buyable the high of that second bar and then we rallied and then went sideways for a couple of hours and if you have a very tight trading range late in the bull Trend it's probably going to be the final bull flag so if you break to the upside

the breaks the upside breakout is probably going to reverse down so when I broke to the upside and reversed down the first reversal down did not have a good sell signal bar but two bars later there was a good sell signal bar a bear bar closing there slow and that's a sell so that is a final flag reversal and it's also a higher high that's reversing down and a 40% chance of a major Trend so I would call a higher high major Trend reversal and then we had a breakout below the trading range and below

the 20 bar exponential moving average then it became a breakout trade and so today at the end of the day I started doing this right before I joined this um Zoom meeting u i created about seven or eight charts and I don't have them fully marked up yet um and I'm going to file them away and I basically have 400 categories for every pattern I have a bull pattern and a bear pattern so if I have let's say I have 100 patterns which I approximately have and then there's a bull or Bear version so that's

200 and then I have a successful and a failure right every pattern can fail and every pattern will fail at least 40% of the time so that means I have 400 patterns and I have an encyclopedia of chart patterns that I um that I keep adding to all the time and yeah I make it available to people um who who bought my course A lot of them go ahead and buy access to this and every day they see the charts um that that I mark up I just share them with everybody and I'm currently right

now writing a massive book on CH patterns an encyclopedia of chart patterns for day Traders and it's it's it's massive you know it's going to have I have the text done I'm in the process of creating the charts it's going to have about 2,000 charts which means it'll probably be a three or four volume book so when you're asking me do I have patterns that I look for yeah I have patterns and do I classify my patterns yeah every day I classify my patterns and that's my homework you know if you go to a soccer

game the guys are out there playing soccer um what do they do the other five or six days they're practicing right football player they play on Sunday what do they do the rest of the week they're practicing okay and I'm trading when the market is open and what am I doing after the market closes I'm practicing okay there are so many variations of every pattern that you know it's easy to miss them a lot of them you you look at it you say Ah that's not a wedge well it is a wedge if you know

what to look for if you if you realize if you don't understand what the market is doing that is wedge or some kind of a wedge and so I I I look for every little variation every day and that way that I have them fresh in my mind and as I see things unfolding during the day I'm always asking myself Al you know could this be a final bull flag like that rally on the open and then we had the trading range this could be the final bull flag so if we get that upside breakout

I'm going to look for a reversal down and I'm going to go short so um so the fresher you can keep all the things in your mind and the more variations that you see and that and that you understand that the variations the more trades you're going to see also if you have management good management skills um you're never going to get burned right you know there there there are always fail safe ways you know you always have a stop but sometimes the market does something before your stop is hit that disappoints you enough that

you want to get out well for example let's say you buy a bull Trend and there there's then a bear bar with a decent size body closing near its low you know I will get out below that bear bar and if there are consecutive bear bars closing near their lows in that bull Trend now it's a 50/50 chance you're in a bear Trend so you I'm probably going to short below the low of that second Bear bar and I'm not going to wait for if I have a stop at the bottom of the most recent

bull leg I'm not going to wait for that stop to get hit I'm to get out of long and I'm I'm going to get short so there there are a whole bunch of things that you just get from I'm want to talk a little bit about patterns okay um when Traders trade if they're looking for reversals they want to see a test and and the most common test you get is a double top right so the market rallies it sells off and then it rallies again up to around the prior high and once it's there

you look for another sellout like for example in the S&P cash Index right now we're testing the January 2022 high that was the alltime high and we're getting near it and what did it today do it collapsed right so you want to see what the market does when it's near a prior high right there were Bulls who bought that rally up to January of 2022 it was a very strong bull Trend they were buying buying buying buying buying and some somebody bought the Final close on the daily chart weekly chart monthly chart there and some

of them decided that yeah I'm you know I'm an investor I'm gonna hold long even if it sells off and U it sold off a lot but if you're smart you you buy more let's say it sells off a long ways and then it starts to create bullbars closing the other highs you buy more why is that because if you have a really strong trend buy the close type of trend Trend where you can just buy closes all the way up and it suddenly reverses and you have no opportunity to get out so you have

a big bull Trend you get a bear bar and then the next bar another bear bar and you never had a chance to get outbreak even all right some Bulls are going to wait for the sell off to keep going down down down until it gets another bull bar and once you eventually you will get a pretty B bullbar and what happens if you double your position above that bullbar there's an 80 % chance there's going to be a rally that will go at least one tick above your average entry price okay and there's a

60% chance the market is going to go all the way back to your first buy way up at the top January 2022 so if you're trading a monthly chart um and you bought January 2022 and then you bought more above big bullbar last October um 80% chance it would go um uh to at least one tick above the midpoint which has done and a 60% chance that will get all the way back up to that January High to test that high and when it gets there a certain number of bulls are going to be so

disappointed by the selloff in 2022 that they're going to exit and if enough Traders exit and enough Bears say yeah I thought we're going to go much higher enough Bears short you're going to reverse down and you'll have a double top and if instead the market does not collapse you know the five minute chart to collapse but in the daily chart it has not yet collapsed if it goes sideways and starts to work higher uh you could go quite a bit above that resistance so instead of a double top you get a successful breakout so

I'm always looking for tests of PRI high so double tops are really common and then wedge tops um you get three pushes up and then a reversal down right wedge bottoms three pushes down and a reversal up and you say wow you just said everything is a test and a double top I can see that the second high is a test of the first High that's an obvious test and a wedg toop where's the test right well a wedge is a bold channel that is Contracting a wedge rally is a bullt channel that's Contracting and

once you see the first two pushes up you draw a line across those two highs and extend that line up and to the right and that is what gets tested so on a wedge top what you're testing is the top of a bull channel so there is a test you want to see is the market going to reverse down on that test test of that top of the channel or is it going to just keep going up now if you look at the daily chart back in 2022 um by the end of 2021 uh in

my chat room and also in my blog at the time I wrote that this is a wedge top on the daily chart and it could lead to a significant reversal and we did nobody knew that the pandemic was going to be the trigger but the chart was telling us that it was right for profit taking and you could get a reversal so and why would we get a reversal on a double top right now well there's always going to be a fundamental reason um and you know nobody knows what it is it's usually a surprise

right the Market's going up because everybody's bullish and if it's going to go down something something changed and it's something unpredictable because if people knew it was going to happen they wouldn't be buying they're buying because they they don't see any problems so the market keeps going up but there there you know there will be if we do reverse Downs somewhere around 5,000 or 5,500 in the S&P there will be some news event that will correspond to it like something in the Middle East something um in Ukraine China taking um attacking Taiwan which I think

they're going to do but I think they'll wait until after the election so I think 2025 I think um uh China will probably take over um Taiwan and that could be um the excuse to get the market back down to last October's low around 3,800 which is where I think we're headed in a few years but anyway I'm talking too much go back to your questions it was good to let you I you did spark a lot of questions and when you were talking about trades that are moving against you and then looking for those

reasons to add to those positions is that more from like an investing standpoint or adding to positions that going against you is this something that you recommend or that you do normally I do it you know I think it's a good thing and um Warren Buffett a couple years ago bought apple and apple was way up when he bought it all right and I read that he added to it nine times over the past two years and now it's his biggest position and he's the biggest single owner of Apple shares so there's nothing wrong scaling

into a winning position you know um Warren buffer is a good example U you can also scale into a losing position um for example example Carl icon who's a billionaire investor uh when free port mcar in tick resemble F CX about five years ago was collapsing um it lost like 80% of its value and he started buying it around $10 and he started buying more like down to $5 and I think I forgot how many entries he had it had like seven entries and then it rallied to $20 and $40 so you know um you

know scaling to a losing trade if you have a big enough account and you trade small relative to your account that can be good and scaling into a winning trade can also be very good so um so I do both very good yeah I think as a and let me know if you agree with this as a general rule there's a fine line between building a position and then just being contrarian to what the market is telling you and adding to a losing position that maybe for the let's say the average Trader even myself in

that category that is a very quick way to just do incredible amounts of damage um for the average let's say retail Trader would you advise against adding to any position that's going against you because the level of sophistication might not be there to actually handle it and to know how you're POS you know how to know how you're managing that or do you think that that is fine let me there are two types of individual Traders most IND individual Traders don't look at charts right you know they just think ah you know I want to

buy whatever Invidia right so they buy Nvidia or apple or whatever and you I said a few minutes ago if if you're trading the E mini you do not want your total risk to be more than two or three% your account sized if you are an investor and looking to build a position and hold for three years 10 years you don't want your position to be more than two or 3% of your account size right so if you buy a position and it's 2% and the market goes against you you cannot buy another 2% right

because that puts you over two or three% so if you're thinking about scaling in and you think that maybe 3% of my I don't want to risk more than 3% of my portfolio on this position you determine what your risk is you determine where you get out and you know you can scale in but up to a risk that is no more than 3% of your portfolio yeah very good and when you're planning out your trades you're in positions do you already know ahead of time exactly when you'll be getting out and do you ever

make adjustments to that yeah most of the time I'm looking for swing trades you know and I use many different definitions for there are many things that characterize a swing trade so on a five minute chart I want to see at least two legs I want to see a reward that that's at least twice the size of the risk and um there's always I don't know always but 80% of days 90% of days there'll be at least one swing trade that has at least two legs lasts at least two hours and has a reward at

least twice the risk okay so those are the trades I'm looking for but if you're going for a reward two times your risk what does that tell you about probability right it tells you probability can't be good right you cannot have a high probability trade that has good risk reward because nobody would do the take the opposite side of the trade right um if if you buy a lottery ticket for $1 and you have a 90% chance of winning a million dollars who's going to sell you that ticket can't happen so you're when you're trading

you're always balancing risk reward and probability so if you see a trade where there's very little risk and you see a big reward you're probably going to get stopped out right because you cannot have small risk big reward and high probability the better your risk reward the lower your probability so if you have great risk reward you're probably going to get stopped out right um and likewise if you have a really high probability trade you stop as probably very far away compared to your risk and everybody takes these high probability traits let's say let's say

you take let's say you bought apple and uh and it's I don't know $10 um and it's getting near the prior some prior high and your plan is to exit the position at the prior High okay and your stop is you know1 $20 away and now you're only within a dollar of your target Okay so that moment you're you're trying to make one more dollar and you're risking $20 right so you better have a really very very strong belief that it's going to reach your target right um because otherwise it's otherwise you're an idiot all

right you know but but every everyone every one of us who is looking to exit with some kind of a limit order or profit Target is in that position when it gets really close to your target you stop is much further away than the target so you know you you can only stay in the position if you're very confident that you're going to reach the target yes now you referenced the five minute bars quite often and you're you talk a lot about bar closings are whenever you're talking are you always referencing the five minute most

of what most of my trades you know if you just count up the total number of Trades that I do um most of the trades that I take are on the five minute chart but as I said I do take trades um on uh other time frames you know for example um U one of my favorite trades is a value trade so you get a company I have a very close relative who works for snap and tier symbol snap and the stock um collapsed so if I see a stock that collapses and like 90% And

I have reasons to believe the company is not going to go out of business and the market get let's say it was a $100 stock and it drops to a $5 stock that that is one of my absolute favorite types of Trades you know because if it holds go dips below five doesn't go much below and even if it stays sideways for a year or more it's probably going to go up at least to 10 or 20 or 30 or 40 so probably that means better than 5050 the most I can lose is $5 right

it can't go lower lower than zero so I'm risking $5 and my reward potential is U you know two three four times what I'm risking and the probability is usually um pretty good you know it's better than 50/50 so on Snap uh I wanted to buy uh snap was collapsing and I really wanted to buy it at $5 and I got to $8 right and it bounced around $10 $15 and then it came back down and I said okay I'm probably not going to get it at5 so I tried to buy it at 750 and

it got to $10 all right and now it's up at 17 so that's one of those examples where I'm that's a great value trade and um it never got down to the price that I wanted and it ran away from me and whenever I want to buy something and it doesn't quite get to where I want it to be and then it rallies and then I raise my target of where I want to buy it gets down there near it and doesn't quite get there and it bounces again I know it's going to go up

but it's going to go up without me because you know I wanted to buy a $5 I wanted to buy a seven and a half and you know so I'm laughing because you know I knew you know I knew that um when twice I try to buy it and twice it get really close to where I wanted to buy and rally that means there are a lot of people who want you know who are looking for the same thing that looking to buy value and expecting it to go up so snap is at 17 I

think it's going over 20 sometime in the next few months so but without me so yeah very good um how important is the time frame for everything that you're saying so if somebody was looking at this at a one minute or a three minute or a 15 minute um even with the way that you're analyzing the market does this change drastically the the probability of what you're expecting based on like a bar close on a different time frame you know I said I have an encyclopedia chart patterns and I probably have 10,000 charts in the

different categories right now because I've been doing this for a number of years um and if anybody looking at the the encyclopedia the charts in the encyclopedia will notice that I don't have axes so I don't have price I don't have time H and that's because markets are fractal it um they create the same patterns on all time frames and if I showed you um a one minute chart or a weekly chart of the uh e mini you know you'll see the same patterns and if I didn't tell you which chart was which you probably

wouldn't be able to tell me right so so you know on television if you see a Trader they don't say oh that's a weekly chart and therefore I'm going to trade it this way oh that's a daily chart I'm going to trade it this way that's that's not how Traders think you know they they trade all charts the same so they just look for patterns on whatever chart they're trading and um and they trade them you you brought up different time frames you know I think you know I I you got to find your comfort

zone you know for me I like trading the FIV minute chart can I trade a 10-second chart yeah I can trade it for a few minutes a day but I don't I don't right because you don't make all that much and so you're doing the same amount of work and you don't get much reward and it just takes you have to be watching things too intensely and if you're going to be doing this for a career you have to be happy you got to be profitable and happy and happy Means not stressed out and I

think most people would have a hard time um trading successfully longterm if they're trading more than 20 bars an hour so so maybe a three minute chart you know you could might be able to trade a two-minute chart or a one minute chart for you know short periods of time 30 minutes 40 minutes but if you do that you're not going to make enough money to make a living so it's not worth it you know focus on a chart that you can just trade throughout the day you know five minute charts really good I have

a I have a bunch of tennis buddies they know they know they know they know me right they know my professional life and they're always asking me stuff and one of my buddies is um he trades a 15minute chart and he says Al I can't I can't do the FIV minute chart it's just you know it's just too stressful I can't think fast enough he trades a 15-minute chart and he told me he made $300,000 last year trading the 15minute chart so fine you know trade the 15minute chart that's his comfort zone that's what he

trades so it doesn't matter what time frame you trade what matters is you know are you comfortable are you successfully profitable and don't worry that somebody else oh I'm trading a 30 minute chart this other guy trading the five minute chart is going to make more money than me who cares right you know you're doing it to make money for yourself you're not doing this to make more money than somebody else you know you're not going to make more money than Ken Griffin you're not going to make more money than Warren Buffett right there's always

going to be somebody who does things better and makes more money you know your goal is to be happy and successful and don't worry about you know if your comfort zone is trading a 15minute chart or if your comfort zone is trading a daily chart or weekly chart it doesn't matter you know find a comfort zone where you can trade profitably and you're going to make a ton of money one of the reasons why people day trade is their accounts are small they don't have a lot of money right and you know so you know

they need a high percentage of return on their Investments but what happens is the more money you have you know once you get a half million dollars or a million dollars um you start you know buying stocks um looking at the daily chart or the weekly chart and the total dollars that you make um it can be substantial it can be significant all right so you know if if you get enough money you know you can't day trade all your money you I can't I don't want to day trade all my money all right there's

too much risk so the more money you I have my day trading money and then I got this other money I get accounts everywhere I got a whole bunch of accounts and you know I tra I trade that money um based on daily charts weekly charts and monthly charts and that's my Investment Portfolio and you know I just let it sit there but active Traders uh the shorter the time frame usually means the smaller account size and um because you you need a lot of money so you need a very high rate of return and

you need a lot of Trades and but you you know you got to be happy and um you know I I tell Traders you know the goal there are different steps and the one thing that draws people to trading is they want to get rich now you know I saw Ken Griffin he's a rich guy I want to get I want like Ken Griffin I want to be like Warren buckett but you know none of them started Rich they all started small and you know your first goal is to stop losing money okay and when

you start trading you should trade the absolute smallest position size you can trade so you can trade 10,000 um in Euro versus the dollar um uh you can trade one micro em Min you you just trade really really small and you're going to say wow you know I'm I was a successful businessman I sold my business for $5 million and I could trade 20 e minis or 100 em minis yeah you you know you're you're a fool if you do it right even if you have a a $5 million account you start trading one micro

e mini and you don't just do it for a week or two you do it for months six months and stop losing money and then start to increase your position size and you know and at some point you move up to an e mini and if you can start to make four five six points a day you know several hundred doar a day you can start to make money for living expenses and if you can then increase to multiple imin contracts you can make doctor and lawyer um money and you could have a pretty good

lifestyle and if you can trade 10 em minis or more you can make an outrageous amount of money again not waren Buffet but you can have a really nice lifestyle so so for sure when you are um through all of your analysis do you always do time based or anything with uh range bars does this change analysis quite a bit and does is there a reason why you don't uh you use time uh yeah I I've tried everything if you've been around a long time you know you you try everything and believe it or not

I used to be young and when I was young you know I had all this energy you tried everything you know so you name the the the type of chart I've traded okay I like time versus all the other charts because I like predictability so if I'm trading a f minute chart you know there's a rhythm to it I know every five minutes the bar closes and I can make a decision about what to do and with um range charts you know all of us you get these sudden moves um and same with you do

tick charts or volume charts you know you don't get that rhythmicity and um also lines trend lines uh I think are more precise on time based charts and uh and you can say well Al if I trade a range chart and each each bar is Five Five Points you know I'm getting in relatively early well let me let me get a sip of water here yeah please if the market is going up on any time frame most of the bars are going to be bull bars and most of the bars are going to close near

their highs right so yeah you get that range bar the reversal and it closes near as high well guess what that that market is not going to go up unless on all the time frames you're getting bars closing the other highs so just wait for let's say you're trading a five- minute chart wait for a five minute bar to close near its high and then buy just above the high of that bar if the bar instead has a big tail on top a big wick on top don't buy it wait until the next bar you

can say well Al I'm buying too far above the low fine trade small you're buying because you're looking for a swing up and I said a swing is usually a couple legs at a minimum the reward is at least twice the risk and it's probably going to last 20 bars or so so if you don't enter until bar four or five you still have 15 bars left right so don't worry about it and um you know and a lot of times the range charts I think a lot I don't know you got to be super

quick you know if the bar suddenly becomes five you know Five Points you get to be super quick and you know it's hard to anticipate whereas on a five minute chart you know there are 15 seconds left there are 5 seconds left and you can be ready to enter and range chart you a lot of times you you know you just get the or tick charts or volume charts you get these sudden surprise bars and it's hard to enter and if you don't enter right away you feel bad that you didn't take the the early

entry but if you trade a Time based chart and you're looking for a reversal up you wait for a bullar closing near as high and just take it and um you know you're not going to you're really not going to miss out on anything when you were entering into trades it you you've mentioned quite a few times about entering in as it breaks through let's say the previous high or the previous bar close um when you're doing this are you entering on a a sort of momentum into the trade and never entering on let's say

a pullback I do everything okay um for most people if they're looking to sell they should be selling with a stop one tick below the low of a decent sized be body um closing near as slow if they're looking to buy they should be buying with a stop one tick above a good bullbar so the market's at least going their way but I sometimes will buy a big bear bar I sometimes will sell the close of a big bull bar why is that okay let's say you got a strong bull Trend and um it's bullar

Bull Bar Bull Bar bull bar and then you get a be bar closing there and slow okay are you gonna get a bare trend is that going to be the start of a bear Trend no it's a bear trap so it's a stupid short so I'm going to buy it so as soon as I see that bear bar closing near a slow I'm going to hit by the market okay and obos is true uh in a bear friend if you get a series of good siiz bear bars closing near their lows and then suddenly you

get a bullbar closing near its high well guess what I'm going to do I'm going to sell because chances are it's a bull trap it might go just a little a little bit above but it's probably not going a lot above so would you say it's generally or always a stupid decision to put on a trade and take it off within let's say the range of a previous bar it depends on on disappointment right I talked about disappointing bars before and let's say you're in a buy the Clos rally where bar after bar is a

bullmark closing near this highight and then you get a bear bar and if you're disappointed right you bought because you thought it was a buy the Clos type of bull Trend a bull Trend where you could just buy at the market Buy close of a bar buy Above any bar and then you get a be bar it's no longer a strong B Trend so if you just bought thinking it was a strong B Trend it's perfectly fine to to get out right um and once you start getting bear bars or bars with lows below the

low of the prior bar it's no longer a breakout phase you're probably in a channel so it'll go up a a few bars pull back a couple bars go up a few bars pull back a couple bars and when the market is doing that you know I tend to not buy at the high I want to buy uh a pullback so either let's say I have a bull bar and the next bar trades below the low of the bullbar I might buy with a limit order at the low of that bullbar and if the market

sells off for a few bars and then has a bull bar I'll buy with a stop above the high of that bullbar so during the breakout phase I'll just buy the market you know like today during that collapse you got to sell at the market you know you know it's going down all right you know it's you know you just you got to be Forest scump not Albert Einstein right you don't don't give a lot of thought to it you know it's collapsing maybe it's gonna go down more right you just sell at the market

and trade you say I don't want to risk that much but trade small you know 20% of your normal position so and during a strong breakout phase of a trend let's say a bull Trend you know I'll buy at the market I'll buy the close I'll buy Above bars right right and uh and then if it pulls back and there's not a really good sell signal bar and there's not a good reason to think it's going to go down much I'll start buying with limit orders below bars so if there's a bear bar with a

tiny be body and a big tail below I'll buy at the low of that bar if it pulls back maybe have it couple legs down and then there's a bull bar closing near its high that's a bull flag I'll buy with a stop above that bull bar so you know the weaker the trend the more I want to buy pullbacks uh the weaker the bull Trend the more I want to buy pullbacks the stronger the bull Trend the more I just want to buy at the market buy closes buy Above bullbars closing the their highs

even if I'm buying at the exact top of the trend when you start off your day and you're coming in you mentioned a having previous high and lows of day marked off the overnight high and low marked off um your preparation phase is it very light do you do you mostly kind of no bias coming into the session and then you just start putting the context and maybe the story together Bar Bar Bar as it's happening or is part of your preparation building a bias or or taking into account what's already happened in previous days

again go back to force Gump you know I I just want to be I want to come in being stupid you know if you think about it you every day was trying to form the high or low of the day early in the day right every day the market is trying to form the higher low day early you know the the high of the day comes in the first 12 bars 50% of the time it comes in the first 18 bars um 80% of the time right the first bar of the day is either the

high or low of the day 20% of the time all right right and the first several bars of the day first three bars first five bars no matter how strong they're trending there's a 50% chance it's the wrong way so on the open um if it's if the market is rallying strongly in the open and say you get two big bullbars U I think uh it's pretty good but if I get a bear bar I'm going to short because it's uh it's a trap it's a bull trap the market instead of forming the low of

the day it's forming the high of the day so um you know uh I'm aware of support and resistance levels on the chart um you know I have as I said one chart where I have a bunch of lines for all that stuff but most of the time I'm not looking at that chart most of the time I'm looking at the bars for example today the market gapped down near the bottom of yesterday's trading range and there were consecutive bull bars closing near their highs that's a Forest Gump trade you just buy you buy a

stop one tick above that second bullbar closing near its high for to stop below the first bullbar and hold as long as as long as it goes up can you I'm sorry can you say that last part again about where you're buying and where you're exiting okay so if let's say I have consecutive let's say I'm at a support level the bottom of yesterday's trading range and I have consecutive bull bars closing near their highs I'm going to buy and a stop above the high of that second bullbar and I'm going to put a protective

stop below the low of the first bullbar the low of the day okay and a lot of times you get double bottoms on the open so the market will rally you know five bars 10 bars and then sell off to right around the low of the day and uh it'll reverse sometimes a little bit above the earlier low sometimes a little bit below the ear low so I'm always looking for that and the opposite true you know sells off and rallies sometimes you get a double top so on the open I'm looking for strong breakouts

up or down I'm looking for strong breakouts to reverse up or down I'm looking for wedge tops I'm looking for double tops I'm looking for wedge bottoms I'm looking for double bottoms and I don't come in with any bias um you know I learned long ago that you know you come in and think I'm so smart you know the market should go up today or you know I'm so smart the market should go down today nah n you know yeah what you do is you follow what the market is doing you wait for it to

show you what it's doing and then you jump on you don't try to guess what it's going to do you know you know you're guessing it's it's going to be 50% you know on the open strong rally 50% chance it's a trap a sell off strong sell off 50% chance it's the wrong way when you are um when you are I guess actually let me let me back up to maybe a little bit more of your routine because the type of trading that you're doing requires an incredible amount of just being present being in the

moment and I should say all of trading requires this um the preparation portion that you do is this something that you do every day as far as like meditations or um is it like a an ongoing act as you're in front of the the screens that that help you not drift off and just stay uh fluid with what's going on or or what's your preparation like for let's say the mental side of what you have to do yeah um I had a tremendous capacity uh to experience pain and suffering uh 40 years ago 35 years

ago trading I us to you know ah I can't believe it's doing this and then I feel bad and you I'd feel bad for days afterwards oh you're such a fool why did you do that you've done that same stupid thing 10 times you know now uh I don't care okay and you know not caring is one of the most important qualities a Trader can have okay you don't care you don't look back at your mistakes and I can't even um I know I suffered a lot you know I've been T ter incredibly tense and

upset for days after doing something really stupid and now I know that I did it but I no longer have those feel feelings and uh and it's because I'm at the point of my career where I don't care right I never care I don't care if I lose I don't care if I win I don't care if I miss a trade I don't care and you know so you know I come in without any emotion you know I I just look at what the market is doing and I try to find a pattern and then

think about some way can I structure a trade uh that uh is is there a profitable straty here is a way I can buy or sell and manage and if I do that exact same thing 10 times am I going to end up with a profit at the end of your day you talked about the way that you log and categorize your trades is that the actual practice of doing that its own reward or is there do you ever go back and reflect on these things at maybe the end of the week or something yeah

every day every day you know I've been doing it as I said since you know the mid 80s I've been doing this every day and uh by the way I've looked at you know probably over a half million bars five minute bars watching them unfold one bar at a time five minutes five minutes so I've done I've done that for about a half million times so um um I don't repeat the question again I just want maybe even in the early years when you started doing this but when you the actual practice of going through

and reflecting on the day to mark up that chart is there an added benefit that you go back and reference these things or is it mostly just moving forward doing it every single day that's the value I think it's it's my practice basketball shooter you know basketball player is without practicing threes right I'm practicing recognizing chart patterns and um as I said you know you know I sell access to it now but whether or not I S sell access to it I'm going to do it anyway I've been doing it forever that's my practice so

at the end of every day I spend about 30 minutes or an hour just looking at the chart bar by bar by bar and um I want to see what what did I miss something real time um usually I don't miss anything real time normally I see everything uh as it's unfolding and you know so I I I know what the possibilities are what you know when the market has done what it has done for these past 10 bars I know what the possibilities for the next 10 bars will be and you know and and

I see if I can structure a trade so but you know and sometimes I'll think of something oh wait a minute yesterday I I missed such you know something and I'll create a chart for that thing that I missed and I'll I'll add that to uh the appropriate section in my um encyclopedia but most of the time I see things um as they're happening and um and and I you know I don't um I I don't miss anything and I don't I don't go back looking at charts from last week or last month to see

you know to see if I missed anything how many hours a day or a week do you think you put into trading tra California time I'm actually trading from 6:30 until 1:15 Pacific time so you know whatever that is seven hours or so and then I spend about 30 to 45 minutes every day creating charts so it's basically an8 hour day and um you I don't take um breaks you know bathroom breaks or you know you lunch or breakfast or whatever I never spend more than five minutes on any Interruption you know sometimes I'll have

a doctor's appointment or something or as I said my kids will call but um you know I like what I'm doing and you know I'm you know I'm going to be doing it forever you know I don't want I have friends you know who who are retired one of them is painting and another one plays pickle ball all the time and you know I'll play some pickle ball I play tennis pretty regularly but the thing that I like the most is training to me I'm a fly fisherman I I like to I like to hunt

fish I like to figure out where they're hiding and then try to catch them and you know for me that's a fun thing and I think trading is very similar to fishing or hunting you know you and it's just fun it's just fun to do I enjoy doing it I enjoy try I like to think I'm I'm I I like no distractions I like to be sitting in a room with the door closed and just think all day long um all the things that I do you know that is what I like to do the

most most I like to think you know Warren Buffett likes to read he says more than anything else he's reading all day long he's reading about companies um and for me I I like to think about chart charts and I like to see them unfolding and my reward is either I took the trade and I made money or the other reward is it does what I thought it would do you know you I find that satisfying um it's been my experience and it' be interested if this is yours as well that it's typically a bit

easier if there's a trend being established for somebody to be able to join that Trend and if they find that comfortable then they might have a very difficult time when the market is balancing maybe doing something contrarian or getting in on on some type of you know fading a move as the market is is going one way back into let's say value or back into range um so at at some level it's intuitively easier to go with the action or it's intuitively easier to um be fading the action but it's difficult to do both or

at least intuitively be good at both is that uh an observation that you've had or the idea of going with the action or fading it doesn't really you don't really register it that way yeah I don't I don't think that way right now every bar I think about what is the market likely to do the next three bars the next 30 bars and um you know I want to take trades where I have a reasonable ch of having the trade go my way for 10 bars or 20 bars and um um so you know that's

that's that's how I'm I'm looking at I'm looking for um when I fish one of my buddies likes to catch a lot of fish so he catches a lot a lot of little fish I prefer to go out and look for big fish you know and you know I'd rather catch one trout that's 22 inches than 10 trouts that that are 10 inches so so all day I see stuff and I take stuff all day um but I I really like to get the big swing trades like we had today on the downside and as

far as different style of trading um I had a friend that I traded with online um I don't know 15 20 years ago and he was a scalper and he would take 20 trades a day and he would just look for little scalps all day long and then I had another friend um in fact another example of this the friend I mentioned a few minutes ago who trades the 15 minut chart he's just looking for one trade a day on the 15-minute chart and he tries to get as much money as he can from one

trade a day and you know I'm always looking for swing trades but a lot of times I'll see scalps and let's say the market is in a fairly tight range and it's not unlike it's unlikely to break out but I see opportunities where I can make Five Points it's like a a little elf on the or little um leprechaun holding out a little bag of gold and do you want this goal okay I'll take it so so when the Market's quiet you know I will take scalps but for the most part I think uh you

I think most people should be looking for swing trades and as I said most swing trades are reversals and you only have a 40% chance of making money so that means a 60% chance you're not going to make money 60% chance you'll make a little lose a little but you're never going to lose all that much because you know you're stop is not too far away um breakouts breakouts are my favorite you know I've said a couple times about you know a bull breakout you want a couple consecutive bull bars closing to their highs with

decent Siz bodies both closes above resistance and the body of the second bar completely above resistance and the opposite is true for a bear breakout which we had today you know those are very high probability trades and um the reward um the potential reward just keeps growing you know I said it's based upon some kind of a measured move um from the open of the first bar to the close of the current bar and if the breakout pattern keeps growing growing growing uh the measured move keeps growing growing growing your stop gets through away but

the potential reward is further away and those high probability trades you know I'm talking about measured moves instead of a reward twice risk I'm talking about reward equal to risk and when you have a high probability trade you know you're not going to get reward twice your risk you know your stop is going to be far away so in breakout trades you're looking for a reward equal to your risk okay so if you're taking a trade that's 70% certain to reach a measured move you what you're looking for is a measur move or reward equal

to your risk and that's a breakout trade that's what you're looking for in a reversal trade your um your probability is less so you need more reward so you want to reward twice your risk um can I ask you've mentioned a few times about being like Forest Gump and I think um a big issue that I have actually is when the market is being very directional and it's extremely obvious that you just need to be joining the action um I find myself incredibly hesitant to to go with it and I think it might be a

little bit on uh if something is a little bit too obvious it kind of freaks me out and I think just um a little bit contrarian by nature but I find myself sitting my hands missing a lot of directional type action moves um what would be your advice to somebody who when they recognize that the market is getting directional they have a very hard time getting on board with it or getting themselves to to enter okay you care okay that's a problem right you're worried about losing money I said you have two position sizes your

normal and then 20% So 20% is really small so that's what you you do you know you become Force Gump and say oh consecutive bear bars closing the other highs it's a buy now there's another bear bar closing there as high it's a buy and trade 20% your normal size and use the appropriate stock and that's what you do and then you then add to it as it goes your way you know you got to get to a size where you don't care you know where you're not thinking about money when people are not making

a lot of money all they think especially if their account is small and thinking about one thing risk losing money blowing their account losing their dream of becoming a successful Trader so the fear of death of of their dream as a Trader okay that that is what is going on um you know and you got to get past it and the easiest way is trade the I don't care size so you got to get down to a size where if you lose you know say ah my dream as a Trader is not going to die

I'm I'm going to be okay and if you do that you'll start catching more of those trades and you'll make you'll make good money all right you know as I said 20% position but if the move is if the profit that you make is two or three times what you would make on on a full-size position you know you still come out pretty pretty good and could you walk me walk us off through the mechanics of let's say you identify that the market is getting directional and uh it might be a little more rare that

it does maybe something like today where it just goes straight in One Direction with no type of ebb and flow um what would be the dynamic for as a trade's moving in your position you continue to add to that but on just some of the natural EB and flow you you don't get that erased or you don't get taken out of it yeah you can the easiest way is wait for a bear bar closing near and low and you sell with a stop I want take below the bar or you just sell at the market

I'm GNA take another drink of water um yeah I get a sore throat if I talk more than an hour or so sure so easiest that's the easiest thing to do and and you keep doing it until you're disappointed a disappointment bar and at a minimum a disappointment bar would be a bull bar especially a bullar with a big body especially a big bullar closing near its eye and sometimes you can be disappointed by bear walk now if you're in a CA close Market it's very hard for Bulls to make money right all right sure

and a limit order bull might make a few scalps but a stop order bull a bull buying with a stop order one TI above the high of the PRI bar he should not make money okay but sometimes you'll be in a sell closed market and you won't get a bull bar and what will happen is the market will go above the high of the PRI bar and it will go up high enough for a stop order bear a stop order bull to make money so if a bull bought with a stop above the high that

bear bar and he made money a scalp then the market is clearly no longer the kind of Market that you want to be selling closes right so even though you didn't have a bullar if the market reverses the size of a scalp above the high of the prior bar a be bar you want to get out so instead of instead of having a stop way way up right and you see that that stop order Bulls are making money they they should not be able to make money if the if the Market's still in a sell

the Clos bare Trend you entered because you thought it was a sell the Clos bare Trend and now you see a stop order bull making money it's no longer a stop it's no longer a sell the Clos bear Trend so get out and then wait for the next trade in either direction does that make sense it does it does thank you uh if anybody is uh potentially new to you or knows of you and kind of sparked on some of this this interest I know you've written a lot of books you have a lot of

material out where would you suggest somebody as maybe this is the the book you should get to start or uh you know the online course that I have to start with or what would you suggest people do as a starting point uh I think at this point the the videos are better than the book because um you know the the book has a lot of uh text and the course has a lot of charts and as a Trader you're you know you're trading charts so I think it's really important to see um to see a

lot of charts so I think um I think that is the best choice as I said I'm currently writing a new series of books just on charts it's going to take me at least a year or more if you think if it takes me an hour or to create one chart to find the chart create the chart and I have 2,000 charts to go that's 2,000 hours that's a full-time job plus I my job as a Trader so you know it's going to take me probably at least a couple years to to get through that

but that I think that will be um that's assuming I ever get some this possible that I just say oh Al you're you're dumb for doing this it's just too much work um so I may quit doing it maybe I'll give it to one of the people who work for me and have them do the rest of it but um you I think that will be a very helpful thing for for day Traders you know you know it'll be 2,000 charts lots and lots of examples of you know any pattern that they can imagine but

right now the video courses I think um I think it's very good for Traders beginners and experts it contains everything I just talked about right now right and plus it has a lot of charts and as I said I think you know if you're a Trader an investor you don't have to look at charts you can just look at balance sheets right but as a Trader you're trading charts so I think it's really important to um to to see as many charts as possible very good and then where is the best place to stay connected

with you going to your website going to your YouTube channel another social media platform the easiest uh thing is just go to Brooks price action or Brooks excuse me Brooks trading course I have two websites Brooks price action and Brooks trading course but the easiest one is just go to Brooks trading course and I have a lot of resources there as links to everything everything books chat room the course so and a lot of free videos so that's the best choice yeah very good very good I I know that we're at a time and this

was very much a uh water hose drinking from situation and um you gave me an incredible amount to think about and I think everybody walking away from this should be very inspired uh on a few fronts one of them um you really exude a high level of Mastery and I think one of the biggest issues in trading is it's very easy to get started and it's very easy to not give the appropriate um the appropriate level of commitment and um care for how difficult this is to do and to do this consistently and uh the

way you talk and and the way you reference and and it's very obvious that you live this as a lifestyle and uh I'm motivated to up that level and to to make sure my commitment level to this is is high and uh so I thank you for that and then there was a lot to just take away from this and this would be a good thing to watch through a couple times I'm sure I wrote through a lot of notes and I feel like I could keep this going for for several more hours but I

know we must end so uh I really want to just thank you again for coming on we'll have everything Linked In the description and um I'll give you the final word if you want to say goodbye and then we'll wrap up well I appreciate you giving me the opportunity and I hope that I was clear and I hope that your viewers find it useful and I wish everyone a wonderful holiday and I wish them um you know great time as Traders and uh you know trade the I don't care size you know you got to

be doing this both for Fun and Profit if you're going to be doing this for decades you have to be H you have to be enjoying it and um so you got to get you know you got to stop worrying about money trade small and don't worry about getting rich to start with you know just worry about learn learning how to trade and then learning how to uh consistently be profitable and then GR increase your position size and you don't have to have a very big position size to make a lot of money as a

Trader very good those are great words to end it on and we'll cut it right here thanks Aon