ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
elkin.fernandez
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Tue Nov 29, 2016 12:51 pm
Reputation: 199
Location: Venezuela
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby elkin.fernandez » Sun Oct 29, 2017 10:58 pm

MO,

12,5% or 2,5%?

I was using the last one. Risking in the first trade 0,3125% in order to get 25%. :)
8) ¡Just Trade It! (JTi) 8)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6008
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 460
Location: Granbury, TX
Gender: Male
Contact:

Re:

Postby prochargedmopar » Mon Oct 30, 2017 8:01 pm

MightyOne wrote:Just because you have $5000 in your account does not mean that $5000 is going to [intentionally] be put at risk.

640 of 5120 is 12.5% so that is all that you are risking.

Per Line Risk: $10
Per Box Risk: $80
8 Boxes to Risk: $640
64 Boxes in Account: $5120


Don't worry about R/R ratios, worry about the lines that remain in the box.

The numbers work when you stack: if you double your line value to $20 then 1:1 is the same money as 2:1 and if you double your line value again then you are making 4:1 ... if you fail then you are going to lose $80 (the risk that you are taking is fixed) so if you double your line value then you must be doubling your reward: I am trying to explain how the numbers work out in the end where the result is a specific amount of money gained on an initial risk.

A loss is -1 risk box and a gain is some multiple of that; how many trades it takes is irrelevant.


$1
$8
$64
$512 total boxes in account.
Hmmmmmm
1:1 eh?


That gets my attention.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6008
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 460
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Nov 01, 2017 3:01 pm

Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg (100.32 KiB) Viewed 378 times

ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg (148.18 KiB) Viewed 378 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6008
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 460
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Nov 08, 2017 4:52 am

07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg
07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg (143.09 KiB) Viewed 510 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1748
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 213
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Wed Nov 08, 2017 3:07 pm

prochargedmopar wrote:Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg


Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

Postby MightyOne » Wed Nov 08, 2017 3:27 pm

That is a nice example of why it is necessary to use trend lines with the AO cross and why I like to see the slow MA on the chart.

pro_pho.png
pro_pho.png (111.31 KiB) Viewed 477 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Nov 08, 2017 5:37 pm

aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.


If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1748
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 213
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Wed Nov 08, 2017 6:29 pm

MightyOne wrote:
aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.


If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.


Definitely more capital is better. I was just working off his 50 pips a day.
Trade Your Way as Long as It Makes Money!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6008
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 460
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Nov 09, 2017 1:23 am

prochargedmopar wrote:07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg



And here in lies the reason dchappy uses a hedge trade.

FBC9BD1E-F9FB-4EF8-A9D2-349931F62B11.jpeg
FBC9BD1E-F9FB-4EF8-A9D2-349931F62B11.jpeg (139.89 KiB) Viewed 418 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6008
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 460
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Nov 09, 2017 1:32 am

aliassmith wrote:
prochargedmopar wrote:Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg


Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


I have no idea.
My account says the last 6-8? trades have been profitable.
I don’t know what to do to make a few coins.
Not sure where 50 pips a day comes from, doesn’t seem possible.
The markets don’t seem to be moving much these days or maybe I’m looking a too large of charts. LOL

$150 a day would easily allow me to never work again.
My lifestyle would change very little but my time to live would increase drastically. At least for how ever many days I have left on this planet.

This current job sucks.
But I suppose it doesn’t suck enough or I would be doing something different.

When I retire in a year and a half It would be cool to start building Mopar turbo manifolds/kits.

That would be an awesome retirement as I’d have to test my products at the track. Bahahahahah
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”