AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Jimmy, as a former user of the system described by the fella above, with all due respect, your chart is highly deceptive and one sided. If one were to use average down/up strategy, that person would have been shorting the market from the opening to around 1:30Pm when it turned sharply in the other direction. It seems you are looking at Oct.11 action so let me go over some #s. The market opened at 1581.50 (give or take a tick), it went from there to 1586.50 (again give or take a tick). If somebody were to keep buying against the trend by getting 1 contract for every 1 point climb at the end of the movement, he would have accumulated 5 contracts at the average price of 1583.50 (again give or take a tick), THEN, the market would topple and tumble to 1558.50 (again give or take .... ). Now you do the math: 1583.50 less 1558.50 would give you 25 points per contract in the green. Now multiply that by 5 and then by $50 and you will get the amount. Pretty nice chunk of $$$$$. Just to spare you sweating over a calculator, that comes to 6250 green ones. Not a bad day in any trader's account.
Now, I do not advocate the averaging down system at all, and making $$$$ with it is very difficult, requires a lot of $$$ in the account and creates stress beyond measure (trust me I know). However, with a proper iron clad discipline, super fat account (250K) and greed firmly in check, it might make money.
MIGHT being the operative word here.
Unfortunately, your chart is illustrating how this system would make a lot of $$$$ and that is highly deceptive. I was expecting a much better example young Jedi! LOL
Still love and respect you brother!!!
Now, I do not advocate the averaging down system at all, and making $$$$ with it is very difficult, requires a lot of $$$ in the account and creates stress beyond measure (trust me I know). However, with a proper iron clad discipline, super fat account (250K) and greed firmly in check, it might make money.
MIGHT being the operative word here.
Unfortunately, your chart is illustrating how this system would make a lot of $$$$ and that is highly deceptive. I was expecting a much better example young Jedi! LOL
Still love and respect you brother!!!
LOL, this is all conjecture on our part until ADK starts sharing some of the hard and fast regarding his trading, much like what Anekedoten has shared here, and I've shared on the ES Journal thread.
Here's the gist of it according to what I've been able to figure out:
a) My method make lots of small and medium wins, and always trades with the trend,
c) Aneke trades with the trend and scales-in on strong directional moves, averaging-up as it where, with spectacular results,
c) ADK and his method (his words) makes small and medium wins and occacsionally gets sucker punched by the market, which of course leaves him reeling on the floor. :eek:
JJ
Here's the gist of it according to what I've been able to figure out:
a) My method make lots of small and medium wins, and always trades with the trend,
c) Aneke trades with the trend and scales-in on strong directional moves, averaging-up as it where, with spectacular results,
c) ADK and his method (his words) makes small and medium wins and occacsionally gets sucker punched by the market, which of course leaves him reeling on the floor. :eek:
JJ
Saxon22 you're describing a trader's horror movie movie here, and bad trading, not good trading.
Good trading, just like everything else, m'man, has FLOW.
Good trading, on an intra-day level, should see profits within, oh, say 1/2 hour from your entry. If not, you're usually on the wrong side of the market (in fact, that's a great way to tell).
Good trading is all about taking $5k and turning it into $250k, not starting out with $250k.
Good trading,
JJ
P.S. But if someone wants to do this, hey, it's fine with me ... just don't go around advocating that other traders do it, otherwise, the responsible traders just might have a problem with that.
If any of you are using Quotetracker I have developed some code and coinciding paintbars. I personally have written a .dll and autotrade this method which pretty much enables me to take a load of cash to the bank everyday.
You don't have to autotrade it but I will give the code for the charts if you like. Here's a pic. Hope this helps.
--GT
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You don't have to autotrade it but I will give the code for the charts if you like. Here's a pic. Hope this helps.
--GT
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Not to completely hijack this thread, but if making over 6K a day is a horror movie to you then I guess you are in another league than I am.
There is no bad trading or good trading. If at the end of the day, week, month year your account is in the + your trading has achieved is objective. Unlike ballet, of figure skating, trading does not have to be pretty, good, fine, ect. It has to be profitable, forget FLOW, this ain't no rap music. Flow has nothing to do with trading, it is about putting $$$$$ in your pocket and it does not matter if it is pretty or not.
As for good trading. It is not going from 5K to 500K in a year (which would be nice). It is about getting that $500 or 1K a day most days and enjoying life. If it takes 250K to produce that kind of returns, that is nothing to sneeze at. A dare you to back test the following system: accumulate only with the long term trend at 5 intervals starting at opening position + 5. Example: Market opens at 1570, first buy (since we are in a long term bull trend) at 1565, then 1560 and 1555. Exit when you are - 3% for the day (7.5K on a 250K account) Sim it and tell me if it works.
there are lot of QT users here...care to explain what these paintbar does. i followed your other message u seem to be ready to help others..keep it up friend...
LOL Sax, thanks for sharing your system.
But like I said, good trading has flow, and I'm not one to go against it ...
... and don't sit there and pretend man.
We've all sat with you and held your hand while the markets went against your position by some insane amount. I'm kinda amazed that you would champion a system of trading where you've had such an experience.
But hey this is a free country (in every sense of the word), and you're welcome to your belief system(s), about trading, religion and everything thing else.
Good trading,
Jimmy J
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