Aliassmith Beats a "Dead Horse"

[prochargedmopar]

Trading Pre-London to Non-Farm today.
6 trades 1 loss 83%
Risk 1U target 2U
9 net Units
If you are conservative .5% risk gets you 4.5%
If you are old school 1% risk gets you 9%
If you are new school (or have OPM) 2% risk gets you 18%
If you are ICT 4% risk gets you 36%
If you have $100K account and you want to know how much cash you made, multiply the percentages by $1000.

hat

What is the reason you are targeting only 2U?
You made 83% on your account?

He showed in mentorship vid he took 3 trades in a 2 day period with $10k account on NQ.
96.3% increase in account.
Made like 100+ handles per trade.
Showed $19.Xk balance after those 3 trades.

2U is an old habit.
83% is accuracy not gain.
ICT risks too much.
Looks like you are another one of those wall street outsiders calling them handles.
For the other Wall Street outsiders. There are ticks and points in futures.
100 points with 1 NQ contract is $2000.
100 points in 3 trades on NQ isn't special.
Look at the ATR on the pick.

Yeah, those old guys also call gu/eu cable and fiber.
No, 100 is not much if you are taking a swing.
Not to shabby for a couple scalps ON M1 chart. LOL

I know ur a bad ass, you don't have to try proving it to me.

Risk is relative.
Using Eights starting with a risk of 1%, (Really .25% because that 1% is chopped into 1/8's or 1/4's)
Let's say you got a few good swings and after 20 trades you are risking, say, 30% of the current account balance and lot size is MAXED to the margin available. (random #'s)
Is that to much risk?
You are ONLY risking 1% of YOUR money.
Some people are able to set goals AND don't trade scared with OPM.

If we can't accept it's OPM, then IT IS Scared money.
It's also a personal ceiling set by the figment of our own imagination.

[prochargedmopar]

Honestly,
If I am willing to risk 1% of my account to see it double.
Does lot size matter?
Does the risk taken compared to account value/size matter?
Lose 1% or Gain 100%.

Seems doable with Eights strategy.
Actually, if our brain is truly committed to the process it seems like a pretty EASY feat.

30yrs baby, 30 yrs.
Let's see.
I got time.

I'm sure I'll be posting it on Kreslik when it happens. LMAO

[prochargedmopar]

Dragon33 Went from $400 account to over $10k in like what, 5 mo.

He risked 5% a TRADE.
That to me seems like to much.
BUT, if he is winning 60 in a row, (which he claims to have done)
Then I'd say it ain't squat, Keep bangin'.

Hey, you talked to espip and others, what happened to all those dudes?

[aliassmith]

Dragon33 Went from $400 account to over $10k in like what, 5 mo.

He risked 5% a TRADE.
That to me seems like to much.
BUT, if he is winning 60 in a row, (which he claims to have done)
Then I'd say it ain't squat, Keep bangin'.

Hey, you talked to espip and others, what happened to all those dudes?

Risking 5% a trade is risky if you end up with a bad streak.

Using eights or some OPM method is doable and helps protect "Your Money". I'm not saying I don't gear my risk up at all. It can result in devastating losses.

After espip quit kreslik, I'm not sure what he did. He was always trading on an edge of a knife. Odds are he hit a bad streak at some point.

Dragon33 was good and lucky for awhile. When he hit $100k I think he lost his confidence for awhile. I'm not sure if he recovered.

[aliassmith]

hat

What is the reason you are targeting only 2U?
You made 83% on your account?

He showed in mentorship vid he took 3 trades in a 2 day period with $10k account on NQ.
96.3% increase in account.
Made like 100+ handles per trade.
Showed $19.Xk balance after those 3 trades.

2U is an old habit.
83% is accuracy not gain.
ICT risks too much.
Looks like you are another one of those wall street outsiders calling them handles.
For the other Wall Street outsiders. There are ticks and points in futures.
100 points with 1 NQ contract is $2000.
100 points in 3 trades on NQ isn't special.
Look at the ATR on the pick.

Yeah, those old guys also call gu/eu cable and fiber.
No, 100 is not much if you are taking a swing.
Not to shabby for a couple scalps ON M1 chart. LOL

I know ur a bad ass, you don't have to try proving it to me.

Risk is relative.
Using Eights starting with a risk of 1%, (Really .25% because that 1% is chopped into 1/8's or 1/4's)
Let's say you got a few good swings and after 20 trades you are risking, say, 30% of the current account balance and lot size is MAXED to the margin available. (random #'s)
Is that to much risk?
You are ONLY risking 1% of YOUR money.
Some people are able to set goals AND don't trade scared with OPM.

If we can't accept it's OPM, then IT IS Scared money.
It's also a personal ceiling set by the figment of our own imagination.

Risk being relative is true but I don't think most understand that it is only really relative to 1 thing RISK OF RUIN. You really have to protect your downside to stay in the game. Math is math in the end.

[prochargedmopar]

Risk being relative is true but I don't think most understand that it is only really relative to 1 thing RISK OF RUIN. You really have to protect your downside to stay in the game. Math is math in the end.

Exactly why I think MO took his 1% risk and cut it into quarters.
Each trade was ONLY .25% of HIS money.
I remember him saying somewhere that later he would pull his 1% out of the risk BOx.
He also said that scalping small charts to increase lot size quickly, changed everything.
Building a position/lot size on big charts for 10 months and then having it zeroed out was NO FUN, even if it was someone else's money.

The human brain is crazy, is it not?
I think dchappy said $10 a pip was it. Done.
Couldn't do more for a long time. Couldn't trade for a prop firm either.
He'd trade a few months at that size and come back the next year for more grandkid toy money. LOL
TRO? After 30 yrs. scalping for decimal pips like I use to do back in the day. He is talking differently lately than I've ever heard before though so.......
One dude TRO mentioned in a recent vid does $70 a pip for 5 pips a day total. That's it.

I don't know man, I see some people having crazy success. Like, out of this world.
All I can do is keep moving forward, learning the markets, and do the BEST I possibly can do.
That's it. Keep on Keepin' on. I'm making progress and surely will not worry about others.
It is motivating to see others succeed. The more the merrier as far as I'm concerned.

[aliassmith]

Exactly why I think MO took his 1% risk and cut it into quarters.
Each trade was ONLY .25% of HIS money.
I remember him saying somewhere that later he would pull his 1% out of the risk BOx.
He also said that scalping small charts to increase lot size quickly, changed everything.
Building a position/lot size on big charts for 10 months and then having it zeroed out was NO FUN, even if it was someone else's money.

The human brain is crazy, is it not?
I think dchappy said $10 a pip was it. Done.
Couldn't do more for a long time. Couldn't trade for a prop firm either.
He'd trade a few months at that size and come back the next year for more grandkid toy money. LOL
TRO? After 30 yrs. scalping for decimal pips like I use to do back in the day. He is talking differently lately than I've ever heard before though so.......
One dude TRO mentioned in a recent vid does $70 a pip for 5 pips a day total. That's it.

I don't know man, I see some people having crazy success. Like, out of this world.
All I can do is keep moving forward, learning the markets, and do the BEST I possibly can do.
That's it. Keep on Keepin' on. I'm making progress and surely will not worry about others.
It is motivating to see others succeed. The more the merrier as far as I'm concerned.

I'm no MO but I do like to start with risking .33% of my money. When I start creating space then .5% , 1%, 2%. Just like knowing when to enter and knowing when to exit, you must know when to stop gearing up and start over. I don't like to let my risk of ruin to get very high and I don't have to make 1000% a month to make good money.

[prochargedmopar]

I'm no MO but I do like to start with risking .33% of my money. When I start creating space then .5% , 1%, 2%. Just like knowing when to enter and knowing when to exit, you must know when to stop gearing up and start over. I don't like to let my risk of ruin to get very high and I don't have to make 1000% a month to make good money.

It appears to me you can "make good money" consistently.
it also seems to be your goal.
This means you are a SUCCESS!!

I on the other hand am going to master the markets.
Put myself in a position where the Sky is NOT the limit.

I do not have to "make good money" to be successful with my endeavor.
I have 5-7lbs to much fat already and need to maintain as much muscle as possible till the end.
(gluttony is a thing)
I look around and see it EVERYWHERE.

Mastery first, then what ever happens, happens.

12,22,32, The world will never end.
62,72,82, The gig is up. LOL

[aliassmith]

Trading Pre-London to Non-Farm today.
6 trades 1 loss 83%
Risk 1U target 2U
9 net Units
If you are conservative .5% risk gets you 4.5%
If you are old school 1% risk gets you 9%
If you are new school (or have OPM) 2% risk gets you 18%
If you are ICT 4% risk gets you 36%
If you have $100K account and you want to know how much cash you made, multiply the percentages by $1000.

hat

What is the reason you are targeting only 2U?
You made 83% on your account?

He showed in mentorship vid he took 3 trades in a 2 day period with $10k account on NQ.
96.3% increase in account.
Made like 100+ handles per trade.
Showed $19.Xk balance after those 3 trades.

Oh no 100+ handles
The Emini Dow makes things easy
A tick is a point. Nothing difficult to think about.
1 contract is worth $5 a point.
Day trading margin $500 per contract.

[aliassmith]

Trading Pre-London to Non-Farm today.
6 trades 1 loss 83%
Risk 1U target 2U
9 net Units
If you are conservative .5% risk gets you 4.5%
If you are old school 1% risk gets you 9%
If you are new school (or have OPM) 2% risk gets you 18%
If you are ICT 4% risk gets you 36%
If you have $100K account and you want to know how much cash you made, multiply the percentages by $1000.

hat

What is the reason you are targeting only 2U?
You made 83% on your account?

He showed in mentorship vid he took 3 trades in a 2 day period with $10k account on NQ.
96.3% increase in account.
Made like 100+ handles per trade.
Showed $19.Xk balance after those 3 trades.

I realized I miss read your post. You said 100+ ticks per trade. I was thinking 100+ for the 3 trades. Ya that makes a difference.