AHG - Profitable Strategy for Struggling Traders

Welcome to NQ, bro! Show everybody it's the best place to be!

 

I just finished reading a personal story revealed via PM that was quite touching.

In the end the person absolutely begged for a hint as to what the holy grail is and if it exists.

It depends on what it means to you. If it's something that works all the time, the answer is no, at least I don't think so.

If it's constant profitability with low drawdowns then the answer is yes, absolutely.

Anyway, here is, in all honesty my thoughts on it....

Holy Grail =

Only adding to Winning Positions

+

Mastering a simple working strategy

+

Solid Discipline

+

Trading only what you see with zero bias.

Sorry, can't think of a better answer thought the question was highly unusual even if it's mentioned all the time.

...but if you know the answer by all means, feel free to post it,

Anek

 

Heh, for me the Holy Grail is:

1) Trade Price
2) Discipline

Both of those cover alot of the important smaller subjects and just about everything for me. If I find I cannot be profitable after doing both of those solidly and consistently at an efficient level, chances are I'm ready for a different career.

You just have to find what works for you. If you find something that works stick with it.

~Cx

 

NQ Update

So far, cake.

Double top, broke support, nothing but selling and rectangular formations to the downside.

Anek

 

Sounds like the ES so far except less rectangular on the way down.

~Cx

 

Daily target reached.

Do I stop ? Nah.

If it chops I'll stay out, if reversal small price to pay.



Anek

 

Nice job. I rode half of that big run down on the ES but got out early. I see now this is going to be the tough part and am trying to establish how I am going to take myself out of these strong trades. Anek, do you think that if I post the chart and show my trade from this morning that you could tell me how you would have played it? Guess it is the double-edged blade. You don't want to sell yourself short on good moves that you shouldn't be out of, but you don't want to give your current profits up either. Anyway, let me know what you think.

~Cx

 

Post it, very relaxing market now.

Anek

 

Cx,

Your job is not to ride the whole trend, a good portion of it will do just fine.

In fact, it's how it is supposed to be done.

I say make an effort to ride the winners not ride it all, big difference.

Anek

 

That is what I meant, probably bad wording on my part. Ok I'll post that chart soon.

~Cx