Tuesday 3 March 2009

Parting words from a now retired super-trader

Originally Posted by StoneFace View Post
Sadly, I never had the chance to get to know Anek. However, I honor him for being incredibly generous by sharing his time, wisdom and experience with a horde of wannabe traders.

He gives me hope that I will achieve my dreams. I want to use some of the profits from my trading to start a charitable organization & provide education for adults out of work. I will make all of my personal goals happen and I know Anek will have made a huge difference in my ability to achieve them.

To clarify, Anek's last day of trading was today. He retired to spend more time with family. Having mentioned that the more precious resource is time, above all else.

As for trading tips, he left me with the following:

Anek> what instrument do you trade
Stone> even tho no one will know who Anekdoten is =)
Anek> NQ?
Stone> ES
Anek> ok
Anek> i highly suggest
Anek> the following charts
Anek> 100k
Anek> 240 minutes
Anek> learn to spot R becoming S
Anek> and S becoming R
Anek> never ever fade the trend of the 100k and 240min
Stone> as in, don't try to pick a bottom on the 100k?
Anek> on the contrary
Anek> do try to pick top in the 100k
Anek> but only
Anek> if the trend is down
Anek> if the trend is up
Anek> do try to pick the bottom
Anek> not the top
Stone> right.
Stone> got it.
Anek> basically
Anek> do AHG1
Anek> on the anchor
Anek> not intraday
Anek> intraday is too noisy
Anek> too volatile
Stone> you left behind so much knowledge and nuggets of wisdom... i never understood them until i read them over and over after screentime. thank you so much.
Anek> np stone
Anek> its possible
Stone> "use anchor chart for trend, entry chart to detect reversals"
Anek> to do small stops
Anek> and ridiculous targets
Anek> if you concentrate on the trend of the anchor
Stone> that really was the holy grail. but i had to understand it myself. the words alone didnt settle in
Anek> for instance
Anek> imagine the anchor
Anek> is doing 
Anek> a nasty downtrend
Anek> and by downtrend
Anek> i dont mean LL LHs
Anek> i mean
Anek> flipping S to Rs
Anek> constantly flipping S to Rs
Anek> thats a downtrend
Anek> and the intraday
Anek> happens to be doing an uptrend
Anek> either hH HLs
Anek> or
Anek> flipping intraday Rs to Ss
Anek> well
Anek> if long
Anek> you gonna want to kill it
Anek> when price meets
Anek> the last S of the anchor (Now supposedly R)
Anek> and then
Anek> look for a reversal
Anek> on the intraday
Anek> Fading the intraday trend
Stone> ah yes, indeed.
Anek> because the anchor said, enough
Anek> as you get more experienced
Anek> such plays will merit
Anek> AH entries
Anek> holding multiple days
Anek> etc etc
Anek> dont get caught in the close @ 4pm bullshit
Anek> if you entered wisely
Stone> okay...
Anek> and with the trend
Anek> you got nothing to worry about
Anek> anchor trends dont change
Anek> just like that
Anek> anyway
Anek> think you got enough info for a few 


...


and for those of you wondering about the "edge" in trading AHG:

Stone> somehow i felt that you knew that your "edge" could not be erased... the edge was mental & discipline
Anek> it truly is


Thank you Anek.... you have helped a lot of people by paying it forward. I intend to do the same in your honor.