AHG - Profitable Strategy for Struggling Traders

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As a newbie, I thought I'd speak on behalf of over-trading.
Even though the AHG concept is simple in its roots, there opens up many potential trades throughout the day for me.
Especially since I'm still trying to discriminate between the good and not-so-good signals.

What's been keeping my trades down is focusing on particular patterns only.
Right now I am concentrating only on trend breaks.
At the end of the day my trades are few, and I'm really educating myself about trend breaks.
This allows me to focus, which, as a newbie, can be somewhat difficult with all this candy before me.

I think this was mentioned before, but I needed to voice it for other newbies.

-Tech
 
Quote from Anekdoten:

I believe I already addressed this with you in the past.

Just in case you forgot, this thread is not about me but about helping traders.

On top of that, I enjoy a bit of privacy when it comes to financial matters.

Anek
More...

Just the trade entry is put on the chart. No amount of contracts,
nothing personal at all. Just the point of entry. If you don't think
this will help others to see where you entered, then fine.
 
Quote from Techdoodle:

As a newbie, I thought I'd speak on behalf of over-trading.
Even though the AHG concept is simple in its roots, there opens up many potential trades throughout the day for me.
Especially since I'm still trying to discriminate between the good and not-so-good signals.

What's been keeping my trades down is focusing on particular patterns only.
Right now I am concentrating only on trend breaks.
At the end of the day my trades are few, and I'm really educating myself about trend breaks.
This allows me to focus, which, as a newbie, can be somewhat difficult with all this candy before me.

I think this was mentioned before, but I needed to voice it for other newbies.

-Tech
More...

Let me tell you , this is one big step.

One reason most wannabe traders fail?

They are attracted by the idea of freedom in trading, without realizing that the same concept of freedom is what makes them bad traders.

The mkt has no rules, no boundaries, no real structure, that's why a great deal of discipline and YOUR OWN rules are strictly necessary.

Focusing and mastering only one pattern is the first step toward discipline and good rules = good, consistent trading.

How many traders jump from rule to rule, system to system, pattern to pattern etc.

90%
 
Quote from Anekdoten:

John,

Perhaps he is in a rush to increase his fortune to leave a larger inheritance.

Just a thought.

Anek
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Anek, (and anyone else who felt miserable after reading the post),

Everything was clarified in a PM. His rationale is now understood. Communication via forums is not always conducive to expressing true intent. It takes too long to elaborate and he didn't want to get off-topic.

Whew, I can now remove the designation of saddest thing I've read in 35 years!

John
 
Losing Day

Today I was not in sync with the market and had a modest losing day.

It happens, had trouble reading price action.

This damn dental problem is also getting in the way of peaceful trading so I'm considering taking this losing day as sign of "take a break and get your health in order before touching the trading platforms."

Not a serious loss, I would not allow such a thing, but I think getting my health in order is a priority.

Sorry, there will be no chart for today, as there is nothing I can teach from my trades today.

Anek
 
Thanks Mark,

I'm just now figuring this out. :D
Everything is now becoming more solid in my learning.
Seems so logical now, but it is funny how something can be right under your nose and still not see it.
Anyway, this is a breakthrough in my learning process.

-Tech


Quote from mark1:

Let me tell you , this is one big step.

One reason most wannabe traders fail?

They are attracted by the idea of freedom in trading, without realizing that the same concept of freedom is what makes them bad traders.

The mkt has no rules, no boundaries, no real structure, that's why a great deal of discipline and YOUR OWN rules are strictly necessary.

Focusing and mastering only one pattern is the first step toward discipline and good rules = good, consistent trading.

How many traders jump from rule to rule, system to system, pattern to pattern etc.

90%
More...
 
Quote from mark1:

Let me tell you , this is one big step.

One reason most wannabe traders fail?

They are attracted by the idea of freedom in trading, without realizing that the same concept of freedom is what makes them bad traders.

The mkt has no rules, no boundaries, no real structure, that's why a great deal of discipline and YOUR OWN rules are strictly necessary.

Focusing and mastering only one pattern is the first step toward discipline and good rules = good, consistent trading.

How many traders jump from rule to rule, system to system, pattern to pattern etc.

90%
More...

Fine words Mark.

Anek
 
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