How to be a MOnster

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thepark
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Re: How to be a MOnster

Postby thepark » Thu Mar 29, 2018 12:00 pm

hi guys

ive been trading a lot lately but never really put eights into practice. i did so this week and the results made my question whether i actually do.
i start off with 8 lines and risk 2 lines to make 2 lines, r:r is 1 to 1. if everytime i win i adjust my lot size by 10/8*(current lot size) and when i lose i adjust by 6/7*(current lot size) this means that not matter how many times ive won, it will take two losses in a row to wipe out my entire profit. am i missing something here? doesnt seem like a viable strategy

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PTG
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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 12:15 pm

Leoheart wrote:
PTG wrote:
Mira wrote:I don’t know if it’s because I can’t trade actively or not but I’m feeling like I’m losing my view again :shock:
I’m ending in up taking late entries everywhere.. no losses just because I manage to get out at b/e but it’s not good.

So tired and frustrated :(

I don’t know what to do my friends.. I’m sorry.


STOP IT !!

You stand up one more time than you fall.

Here, watch until the end. That's an order :)



:lol: Haliarious, good laugh yesterday - Thanks for sharing. From now on all the complainers get a STOP IT.


lol

To avoid any misunderstanding, my intention wasn't to complain about "complainers" and suggest to stop complaining because it's a hindrance to me; no, to the contrary, it is of no relevance to me nor should it be to anyone else. Point is, it's a hindrance to the "complainer" because it is a thought that reinforces negative feelings about "self" ("I suck at this or that") and something simple as telling yourself (your "self") to stop it, cuts the vicious circle of reinforcement and raises awareness about what you're in fact doing to yourself (inflict psychological pain). That Bob Newhart sketch does a good job to show the ridiculousness of nagging and the simple solution for that. Once you've seen it, you cannot not remember it. :D

Life is too short to beat your self up :wink:
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PTG
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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 12:21 pm

thepark wrote:hi guys

ive been trading a lot lately but never really put eights into practice. i did so this week and the results made my question whether i actually do.
i start off with 8 lines and risk 2 lines to make 2 lines, r:r is 1 to 1. if everytime i win i adjust my lot size by 10/8*(current lot size) and when i lose i adjust by 6/7*(current lot size) this means that not matter how many times ive won, it will take two losses in a row to wipe out my entire profit. am i missing something here? doesnt seem like a viable strategy


Can you write that down ? E.g. 2 win 2 loss, 3 win 2 loss, 4/2 etc.
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Re: How to be a MOnster

Postby thepark » Thu Mar 29, 2018 12:32 pm

sorry i messed up the math earlier but is this strategy correct?Image

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Mira
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 3:07 pm

Back to the 90% :lol:

Loss:

E04CA370-AFFE-48B7-97B5-D2ACBC747FA4.png
E04CA370-AFFE-48B7-97B5-D2ACBC747FA4.png (60.41 KiB) Viewed 3440 times


855074D4-B946-4B7E-AC32-B81C89F1815B.png
855074D4-B946-4B7E-AC32-B81C89F1815B.png (68.21 KiB) Viewed 3440 times


Loss:

8D9D8EB5-94FD-4CFB-A7AC-D5051634AEFA.png
8D9D8EB5-94FD-4CFB-A7AC-D5051634AEFA.png (71.38 KiB) Viewed 3440 times


6F7F6FC4-929D-4591-960C-EAFF1D26697A.png
6F7F6FC4-929D-4591-960C-EAFF1D26697A.png (62.17 KiB) Viewed 3440 times
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Re: How to be a MOnster

Postby Leoheart » Thu Mar 29, 2018 3:44 pm

PTG wrote:
Leoheart wrote:
PTG wrote:
STOP IT !!

You stand up one more time than you fall.

Here, watch until the end. That's an order :)



:lol: Haliarious, good laugh yesterday - Thanks for sharing. From now on all the complainers get a STOP IT.


lol

To avoid any misunderstanding, my intention wasn't to complain about "complainers" and suggest to stop complaining because it's a hindrance to me; no, to the contrary, it is of no relevance to me nor should it be to anyone else. Point is, it's a hindrance to the "complainer" because it is a thought that reinforces negative feelings about "self" ("I suck at this or that") and something simple as telling yourself (your "self") to stop it, cuts the vicious circle of reinforcement and raises awareness about what you're in fact doing to yourself (inflict psychological pain). That Bob Newhart sketch does a good job to show the ridiculousness of nagging and the simple solution for that. Once you've seen it, you cannot not remember it. :D

Life is too short to beat your self up :wink:


My response was in good humor, but seriously this is probably one of the worst things you can do to stop a unwanted behavior or habit.

Ever go on a diet? See what happens when you repeatedly tell yourself to stop thinking about chewy delicious delicate chocolate chip cookies. The only thing you’ll think about all day is a damn cookie :D.

Better yet, tell a kid to stop writing on the wall. Soon you’ll discover your whole house looks like a prison cell :shock:

The mind is a reblious being, it need alternative solutions instead of being forced to comply to your wishes.

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Re: How to be a MOnster

Postby IgazI » Thu Mar 29, 2018 3:46 pm

thepark wrote:hi guys

ive been trading a lot lately but never really put eights into practice. i did so this week and the results made my question whether i actually do.
i start off with 8 lines and risk 2 lines to make 2 lines, r:r is 1 to 1. if everytime i win i adjust my lot size by 10/8*(current lot size) and when i lose i adjust by 6/7*(current lot size) this means that not matter how many times ive won, it will take two losses in a row to wipe out my entire profit. am i missing something here? doesnt seem like a viable strategy


Counting your chips after each trade is not something that you do when you are stacking: you have 8 lines on the table, 2 are in the middle, and if you lose then you are still playing the game. As your stack increases, & you use your size to bully the other players, 1 of 2 things are going to happen: a. they are going to end up with all of your chips or b. you are going to clean out everyone at the table .

The profit is spread over 8 lines when you stack (10 lines over 8) so each trade loses 2/8 of your profit (OPM).

It is 'OPM' while you are stacking and 'profit' after you reach your profit goal and unpack your risk-box.

In the beginning your total risk is 8 lines so a target of 8 is 1:1 but after you stack the first time it is 1.25:1
0. 1.00 or +200
1. 1.25 or +250
2. 1.56 or +312
3. 1.95 or +390
4. 2.44 or +488
5. 3.05 or +610

If your account size is 10000 & 8 lines is 200 then -8 lines is (10000 - 200) no matter how many times you stack.
Your risk is 200 but is your reward still 200? No, because you raised the potential energy by increasing your position size.

~2 lines is a minimum target: you could make 14 lines at triple size and make 1067.50/200 or 5.333:1 in one trade.

Reintroducing lines:
If you don't add a line back in then you are out in 4 trades or less (8, 6, 4, 2, 0) and if you do then your box is much more durable and can withstand up to 7 consecutive losses (8, 6+1, 5+1, 4+1, 3+1, 2+1, 1+1, 0); it is something that is good to do but not something that you absolutely have to do after each trade.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"

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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 4:20 pm

IgazI wrote:
thepark wrote:hi guys

ive been trading a lot lately but never really put eights into practice. i did so this week and the results made my question whether i actually do.
i start off with 8 lines and risk 2 lines to make 2 lines, r:r is 1 to 1. if everytime i win i adjust my lot size by 10/8*(current lot size) and when i lose i adjust by 6/7*(current lot size) this means that not matter how many times ive won, it will take two losses in a row to wipe out my entire profit. am i missing something here? doesnt seem like a viable strategy


Counting your chips after each trade is not something that you do when you are stacking: you have 8 lines on the table, 2 are in the middle, and if you lose then you are still playing the game. As your stack increases, & you use your size to bully the other players, 1 of 2 things are going to happen: a. they are going to end up with all of your chips or b. you are going to clean out everyone at the table .

The profit is spread over 8 lines when you stack (10 lines over 8) so each trade loses 2/8 of your profit (OPM).

It is 'OPM' while you are stacking and 'profit' after you reach your profit goal and unpack your risk-box.

In the beginning your total risk is 8 lines so a target of 8 is 1:1 but after you stack the first time it is 1.25:1
0. 1.00 or +200
1. 1.25 or +250
2. 1.56 or +312
3. 1.95 or +390
4. 2.44 or +488
5. 3.05 or +610

If your account size is 10000 & 8 lines is 200 then -8 lines is (10000 - 200) no matter how many times you stack.
Your risk is 200 but is your reward still 200? No, because you raised the potential energy by increasing your position size.

~2 lines is a minimum target: you could make 14 lines at triple size and make 1067.50/200 or 5.333:1 in one trade.

Reintroducing lines:
If you don't add a line back in then you are out in 4 trades or less (8, 6, 4, 2, 0) and if you do then your box is much more durable and can withstand up to 7 consecutive losses (8, 6+1, 5+1, 4+1, 3+1, 2+1, 1+1, 0); it is something that is good to do but not something that you absolutely have to do after each trade.


Brill ! =D> :smt023
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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 4:35 pm

I had made a spread sheet earlier a good week or so ago as a reply to something I saw; never posted it (until now). It says OPM in % of risk capital, risk capital being the original 8 lines of risk, i.e. x % of funds available. Target of 2 lines with 8 lines risk box corresponds with the data of the post above.

2018-03-29_1825.png
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 7:04 pm

I don't know how much time i spent on this board.. i started this path with my friends and everybody left. Well, they left a while ago :lol:
I stressed out every guy on the forum, you gave me everything and i still can't figure it out.

When i dream is about charts.. just to let you know how it goes :shock:

So what's the problem? Many times i think that it may could be my poor English that creates a sort of 'barrier', other times i think that i'm just too stupid to understand #-o
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