A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Fri Feb 21, 2014 4:45 pm

I want to laugh but it is just too sad...
when I see traders saying, 'look at this guy who stacked, increasing his account by 20-40% in just weeks only to get stopped out!'

It works like this:

say that you are trading 2 lots over 30 pips, stack to 12 lots, & liquidate 10 pips from your position getting stopped.

you might think 'what a fool, he started with 30 pips of space and now he has 10 pips!' but in reality he made 2:1 getting stopped out with a small profit!

His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream.

A dark mind can only see dark things, it focuses only on profit so it will only see loss.
An illuminated mind sees the pitfalls, it focuses only on loss so it will only see gains.

The ZL is not just a line, it is a mindset.

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newscalper
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Postby newscalper » Fri Feb 21, 2014 8:17 pm

MightyOne wrote:I want to laugh but it is just too sad...
when I see traders saying, 'look at this guy who stacked, increasing his account by 20-40% in just weeks only to get stopped out!'

It works like this:

say that you are trading 2 lots over 30 pips, stack to 12 lots, & liquidate 10 pips from your position getting stopped.

you might think 'what a fool, he started with 30 pips of space and now he has 10 pips!' but in reality he made 2:1 getting stopped out with a small profit!

His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream.

A dark mind can only see dark things, it focuses only on profit so it will only see loss.
An illuminated mind sees the pitfalls, it focuses only on loss so it will only see gains.

The ZL is not just a line, it is a mindset.


Interesting and worth some thought. However, personally I am not focusing on profit, I'm very much focusing on loss.

If one uses the 'hasn't closed over a line so do not close out' concept then one cannot close on the basis of price coming within x pips of an average and I would imagine given range of some outlier bars sometimes being MANY times average range that the average would have to be a country mile away to cope.

I mean what you're basically doing is grid trading isn't it?

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Jalarupa
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Postby Jalarupa » Fri Feb 21, 2014 8:37 pm

http://www.youtube.com/watch?v=XiUCEHEyE-A

"His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream. "

Put it on a t-shirt and wear it!
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

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newscalper
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Postby newscalper » Sat Feb 22, 2014 2:27 pm

MightyOne wrote:I want to laugh but it is just too sad...
when I see traders saying, 'look at this guy who stacked, increasing his account by 20-40% in just weeks only to get stopped out!'

It works like this:

say that you are trading 2 lots over 30 pips, stack to 12 lots, & liquidate 10 pips from your position getting stopped.

you might think 'what a fool, he started with 30 pips of space and now he has 10 pips!' but in reality he made 2:1 getting stopped out with a small profit!

His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream.

A dark mind can only see dark things, it focuses only on profit so it will only see loss.
An illuminated mind sees the pitfalls, it focuses only on loss so it will only see gains.

The ZL is not just a line, it is a mindset.

We're back to fear and greed aren't we?

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MightyOne
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Postby MightyOne » Sat Feb 22, 2014 4:51 pm

We're back to fear and greed aren't we?


News, you are the only person on this forum looking backwards...

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newscalper
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Postby newscalper » Sat Feb 22, 2014 11:17 pm

MightyOne wrote:
We're back to fear and greed aren't we?


News, you are the only person on this forum looking backwards...


very droll

:lol:

I like

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dojirock
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Postby dojirock » Sun Feb 23, 2014 5:19 am

Back to basics....... this is Classic stuff!
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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dojirock
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Postby dojirock » Sun Feb 23, 2014 5:22 am

Great MO stuff!!!! Some times we get away from what has gotten us here...
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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MightyOne
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Postby MightyOne » Sun Feb 23, 2014 10:13 pm

I can't believe that it has already been 5 years, where does time go?

This is what I have been working on:

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newscalper
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Postby newscalper » Mon Feb 24, 2014 11:47 am

Just trying this out Before i get shouted down, the Dragon bars are only on there to see if there's any correlation :lol:

Bias
As you know I'm biased short anyway
Image

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