ProchargedMopar's Trading Trilogy

[aliassmith]

US30 is 2-4 spread in points and fluctuates constantly with $1 in $1 out per $10 traded on the ECN+. ($1000) It's $2 in $2 out with the ECN $100 account.
EU is 0.4 spread + above commisions.

Trust me, you can cover the spread almost instantly on US30,
Also be down 10 in no time but by the time you blink ur back in profit. LOL

Seems like something to try.
Deposit $1000 and turn it into $20,000 like Dave was talking about. I would say $32,000 to make it 5 even flips.
With the US30 I would consider 100 points a day as the basis for all the math.

You need to make $1000 in "x" period of time considering 100 points per day.
Consider each flip to be independent of each other.
If we say 5 trading days is sufficient time to do 1 flip, we will have 500 points.
$1000 / 500 points = $2 a point
if 10 days is better than
$1000 / 1000 points = $1 a point
1 week or 2 weeks to do 1 flip
If 4 weeks is better than 50 cents a point.

After 1 flip you have $2000 and double the size you previously used.
$4000
$8000
$16,000
$32,000 <-- maybe without pressing your luck you would half the size you were using.
At some point you are comfortable @ $50 a point and 2000 points a month hoping your broker pays you.

Or do like Dave.

$600 to $XX,XXX Daily.
Then pull money out.
Next day $600 to $XX,XXX
Pull money out.
Next day $600 to $XX,XXX
Etc. Etc.

When the day starts ALL MONEY is RISK CAPITAL

Wonder how he does that when he only needs 24 points a day.
I doubt I can do that in 1 day.

[prochargedmopar]

Seems like something to try.
Deposit $1000 and turn it into $20,000 like Dave was talking about. I would say $32,000 to make it 5 even flips.
With the US30 I would consider 100 points a day as the basis for all the math.

You need to make $1000 in "x" period of time considering 100 points per day.
Consider each flip to be independent of each other.
If we say 5 trading days is sufficient time to do 1 flip, we will have 500 points.
$1000 / 500 points = $2 a point
if 10 days is better than
$1000 / 1000 points = $1 a point
1 week or 2 weeks to do 1 flip
If 4 weeks is better than 50 cents a point.

After 1 flip you have $2000 and double the size you previously used.
$4000
$8000
$16,000
$32,000 <-- maybe without pressing your luck you would half the size you were using.
At some point you are comfortable @ $50 a point and 2000 points a month hoping your broker pays you.

Or do like Dave.

$600 to $XX,XXX Daily.
Then pull money out.
Next day $600 to $XX,XXX
Pull money out.
Next day $600 to $XX,XXX
Etc. Etc.

When the day starts ALL MONEY is RISK CAPITAL

Wonder how he does that when he only needs 24 points a day.
I doubt I can do that in 1 day.

Think of it like this: EDIT: says he only needs 24 points a WEEK!

He has a "large" account that he can use $400 per point with.
24 points is $9600 per week. That pays the bills.
He can WAIT for a good setup he is pretty sure will go the 24 easily.

NOW, the rest of the week?
The other morning he did a silent zoom where he marked up about 950 points in trades over a few hr period.
Then right when he came on stream he said oh look, the last entry went 150. LOL (1100 total)

Now imagine taking a $800 account and trading $10 per point daily for FUN.
It use to be $600 but they have raised the margin requirements to something like $615 per $10 contract.
So with a 17 point cushion on the first scalp of the day it's all gravy after that. (as long as the first one is a win, LOL).
100 points is $1k, but if make 40, up it to $15, etc. You get my drift.
So the way he does it is to continually raise lot size within reason as the day goes on.

At the end of the day. Cash out.
Next day $800 and start again.
This is for "fun" and to keep skills on point. Could make an xtra $5k a day on accident with an $800 risk. LOL
AFter a few weeks or months of doing that $800 would be looking like 80 cents to me. hahahahahaahah

[IgazI]

He has a "large" account that he can use $400 per point with.
24 points is $9600 per week. That pays the bills.
He can WAIT for a good setup he is pretty sure will go the 24 easily.
...

Did he show anyone this account?

[prochargedmopar]

Dudes a Ruccus.
Bout the 4th time I've watched this one. LOL

[prochargedmopar]

He has a "large" account that he can use $400 per point with.
24 points is $9600 per week. That pays the bills.
He can WAIT for a good setup he is pretty sure will go the 24 easily.
...

Did he show anyone this account?

Haters come in there saying "Show me your terminal". "Raja and Ironman show us their terminals".

LOL

Watch him call direction and trades LIVE every stream.
IronMan came in there and said this H1 candle is a SELL.
Dave laughed and asked him, "are you serious?" I'm warning you you're gonna get wacked. OK then, let's mark it.
Dude got smoked. Went right through his level to where Dave showed with his squiggles.

Dave was calling Longs ALL DAY TODAY.
Never said to short UNless it's a scalp but be very careful.
1000 points up for the day.

EVEN ICT said he was OUT. NO calls today. hahaah.
To ICT's defense he did trade a long too but didn't let it ride.

[prochargedmopar]

ICT's trade today:

https://twitter.com/I_Am_The_ICT/status ... t2octXEeaQ

[prochargedmopar]

ICT's trade today:

https://twitter.com/I_Am_The_ICT/status ... t2octXEeaQ

I was in before the master: Zline FTW. LOL

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[prochargedmopar]

Recently I watched ICT's bridge video he had posted a couple weeks ago while sitting at the Sonic drive in eating a burger.
Been weeks since watching ICT stuff.
Then saw this setup the next day. LOL.
He was using a measuring gap for target so I tried it out.
It actually went one more leg down from "target hit" level before reversing up.

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[prochargedmopar]

Here is a chart that Dave had marked in the discord, I zoomed in on my phone and marked a bounce level in pink:
38 point drop off the touch......

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[aliassmith]

Or do like Dave.

$600 to $XX,XXX Daily.
Then pull money out.
Next day $600 to $XX,XXX
Pull money out.
Next day $600 to $XX,XXX
Etc. Etc.

When the day starts ALL MONEY is RISK CAPITAL

Wonder how he does that when he only needs 24 points a day.
I doubt I can do that in 1 day.

Think of it like this: EDIT: says he only needs 24 points a WEEK!

He has a "large" account that he can use $400 per point with.
24 points is $9600 per week. That pays the bills.
He can WAIT for a good setup he is pretty sure will go the 24 easily.

NOW, the rest of the week?
The other morning he did a silent zoom where he marked up about 950 points in trades over a few hr period.
Then right when he came on stream he said oh look, the last entry went 150. LOL (1100 total)

Now imagine taking a $800 account and trading $10 per point daily for FUN.
It use to be $600 but they have raised the margin requirements to something like $615 per $10 contract.
So with a 17 point cushion on the first scalp of the day it's all gravy after that. (as long as the first one is a win, LOL).
100 points is $1k, but if make 40, up it to $15, etc. You get my drift.
So the way he does it is to continually raise lot size within reason as the day goes on.

At the end of the day. Cash out.
Next day $800 and start again.
This is for "fun" and to keep skills on point. Could make an xtra $5k a day on accident with an $800 risk. LOL
AFter a few weeks or months of doing that $800 would be looking like 80 cents to me. hahahahahaahah

So you are saying I mis-quoted him?
He needs 24 points a Week?
Fair enough.

On my high end point wise I'm getting in the high 100s daily (170 today) flat risk model.

He doesn't make much sense to me. If he is doing easily 500 points a week and uses $100 per point risk, that is $50,000 a week. According to you that could be 2500 points a week for him. You know the math, and that is without risk gearing.

NAS said " I don't trade the numbers Dave trades. I trade $5 a point." Seems like this guy is making a modest $1000+ a day.