ProchargedMopar's Trading Trilogy

[prochargedmopar]

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[prochargedmopar]

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[prochargedmopar]

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[prochargedmopar]

Market closes and BTC decides to make some moves. LOL

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[prochargedmopar]

Ran that daily chart high,then rejected. Buys and an accidental sell trying to close @ tp, took profit.

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[prochargedmopar]

Bottoms of a range?

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[prochargedmopar]

Accidentally closed first entry trying to set stop, Closed 2nd entry for profit.

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[prochargedmopar]

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[IgazI]

By removing the option to add/avg down it will give me no other choice but to accept the stop or don't take the trade.

There is nothing wrong with adding to 2 of 5 contracts:
where you go wrong is taking big losses for too many pips or with too large of an initial size.

By averaging down, you lessen the significance of your largest size; you kill the reward side of your ratio.

[Yirbu]

Posted this in the Discord:

I really need to quit trading because:
1. I can't take a loss,
2. I can't trade with the trend,
3. My family would like me to come back home.

You can succeed, just:
1. do less of 'a'
2. do more of 'b'
3. given a + b, consider your hold as it relates to 'c'.


The formula for making money is well known:
1. minimize risk
2. maximize reward

wutDo.jpg

This is a really nice post IgazI. Missed it before.
There are so much things I still need to learn (looking forward to it but step by step)

@Pro: how can you have a 3.5k loss when your avg profit +/- 125,- ??? Why? How?
Why do you say you can't accept a loss when you are accepting it every single week at the end of the week when your balance has gone down instead of up?

I also didn't like to take a loss but have accepted it's just the way it is. I see it as taking the garbage out. I dont like it either but I just have to do it.

What do you need to overcome your challenges?