AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Tech,
Seems to me like if you can analyze as well as you do after the fact, you should be doing fine.
How many points did you end up with net today? It looked that that big short you took towards the end should have at least put you at break-even.
And if you would have taken that long that you noted you missed, you'd definitely be up.
Do you take every signal you see? It seems like that would be the best strategy. I mean as far as a HH,HL, etc. Unless there is really something you notice to keep you out of a trade. As long as your stops are reasonable, you should be profitable if you let the winners run.
I didn't break even. My stops were logical as far as where most recent hi/lo were.
I do try and take every signal I see. Although, I do see myself taking signals that have only 1 LH or only 1 HL. I think I'm not waiting for the trend to fully develop.
Today I took some Channel break signals, which slapped me in the face. I think I should concentrate on one thing at a time.
btw, I'm discussing my difficulties to perhaps help others in their's. It is so amazing how most of my education is dealing with my own discipline
-Tech.
I enjoy reading all of your (and everyone's posts) . They are all very helpful. So how far down were you today? It looked like you should have been close to break even at least. I'm sure if you would have caught that long move you would've been. But oh well, always tomorrow.
I was reading through the thread again from the beginning last night, and saw a lot of Anek's posts that had 4 or 5 losses but the wins were big enough to put him ahead.
I think I went a couple of NQ points in the red. Still sim trading.
I remember Anek making that point about how success lies between cutting losers short and letting winners run. Makes perfect sense.
Not all setups work, but the ones that do can potentially put the food on the table.
-Tech
I'm considering going to Tradestation, but have seen several comments here recently about TS not building volume charts correctly. Can anyone elaborate as to what is wrong with them? Seems like some are using it anyway, so perhaps it's a minor flaw?
say you are using 1000 vol bars, you will see most bars at 1000, some at 1002, some 1010 etc.. same thing probably happens with tick charts but haven't confirmed. A big deal? Probably not. Not to me anyway. Also, If you track alot of markets with tons of charts and even worse, tons of indicators, trade station will lag when market really gets moving, so make sure you have a good computer.
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