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Hello all,
I recently subscribed to BrooksTradingCourse and it is a treasure full of information. I truly like it and trying my best to learn it as quickly as possible.
I have a question though. I see Al mostly trade Emini or Forex USDEURO, so does it mean these strategies are only applicable to Large Float stocks with HIGH institutional ownership? As he usually says how institutions think and react, so is he considering that one should play only the stocks that have high institutional ownership?
Will this work for a stock that is a micro-cap/small cap, with HIGH Retail ownership (say 80% or more)?
Looking for members who have already learning this system and have been using it successfully in market, and those who have already tried it in multiple kinds of stocks/markets. As i am assuming they would be able to say from their experience.
thanks in advance.
AJ
Yes, it does work exactly the same. Yet, institutional trading make the patterns more clear because they are supposed to trade less out of emotion.
Thank you so much for the insight. Appreciate it. I will also try to focus on large cap/institution owned (major) stocks, in anticipation of clearer patterns and thus a good trade. Will keep this group posted.