ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 3:34 pm

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#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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 3:38 pm

ICT saying on tweeter, "not bad for a tricky day". Seemed like any other day to me. What was different?

"Market does the same thing every day, if you lose what changed" Dave Teaches.
If you never win? Nothing changed. hahahaah

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#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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 3:44 pm

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#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

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Re: ProchargedMopar's Trading Trilogy

Postby IgazI » Mon Sep 18, 2023 4:44 pm

prochargedmopar wrote:Screen Shot 2023-09-18 at 10.33.06 AM.pngScreen Shot 2023-09-18 at 10.33.20 AM.png




The exchange margin for NQ is $16800, x4 contracts is $67200, x0.42857 is $28799.90 in risk capital. . .
so you should have at least $95999.90 if you are going to swing trade NQ.

Day margin is $1000, x4 contracts is $4000, x0.42857 is $1714.28 in risk capital. . .
the minimum needed to day trade NQ is $5714.28:

starting with 1 contract, you should not lose more than $1700; you will then utilize profits (only) to scale to 4 contracts.

What happens if you lose $1700?
a) stop trading NQ
b) divert $1700 in profits to NQ
c) deposit $1700.
but never touch the margin money.

If you plan on trading 5+ contracts then you can scale to 2 of 5 before making use of profits.

- If swing trading is not even an option then you have no way to maximize reward.
- if you do not withhold the money to stack contracts then that makes winning a lot more difficult.

Is NQ what you should be trading? probably not.

You'd be better off trading micro/e-mini crude, mini gold, etc. . .
metals, energy, agriculture.

"Trading is a business" -JR
JR.jpg
JR.jpg (3.03 KiB) Viewed 553 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:10 pm

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#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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:11 pm

More random photos and final tally for noon day trading.
Only had to use a large amount of profits once. LOL

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#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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:25 pm

Missed the scalp off Zline, :oops:
Then was about to buy anyway but saw the bigger picture target below........
5sec showed something different so bought both circles. :mrgreen:
Out with profit. :P
Done.

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#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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:27 pm

Bigger picture target, F that. I'm sticking with m1 targets. hahahhahaahah

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Screen Shot 2023-09-18 at 12.25.58 PM.png (56.26 KiB) Viewed 523 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

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:30 pm

IgazI wrote:
prochargedmopar wrote:Screen Shot 2023-09-18 at 10.33.06 AM.pngScreen Shot 2023-09-18 at 10.33.20 AM.png




The exchange margin for NQ is $16800, x4 contracts is $67200, x0.42857 is $28799.90 in risk capital. . .
so you should have at least $95999.90 if you are going to swing trade NQ.

Day margin is $1000, x4 contracts is $4000, x0.42857 is $1714.28 in risk capital. . .
the minimum needed to day trade NQ is $5714.28:

starting with 1 contract, you should not lose more than $1700; you will then utilize profits (only) to scale to 4 contracts.

What happens if you lose $1700?
a) stop trading NQ
b) divert $1700 in profits to NQ
c) deposit $1700.
but never touch the margin money.

If you plan on trading 5+ contracts then you can scale to 2 of 5 before making use of profits.

- If swing trading is not even an option then you have no way to maximize reward.
- if you do not withhold the money to stack contracts then that makes winning a lot more difficult.

Is NQ what you should be trading? probably not.

You'd be better off trading micro/e-mini crude, mini gold, etc. . .
metals, energy, agriculture.

"Trading is a business" -JR
JR.jpg


What about EU, 500:1, 0.1 spread, $4.58 comm round trip? :P
#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
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Sep 18, 2023 5:31 pm

IgazI wrote:
prochargedmopar wrote:Screen Shot 2023-09-18 at 10.33.06 AM.pngScreen Shot 2023-09-18 at 10.33.20 AM.png




The exchange margin for NQ is $16800, x4 contracts is $67200, x0.42857 is $28799.90 in risk capital. . .
so you should have at least $95999.90 if you are going to swing trade NQ.

Day margin is $1000, x4 contracts is $4000, x0.42857 is $1714.28 in risk capital. . .
the minimum needed to day trade NQ is $5714.28:

starting with 1 contract, you should not lose more than $1700; you will then utilize profits (only) to scale to 4 contracts.

What happens if you lose $1700?
a) stop trading NQ
b) divert $1700 in profits to NQ
c) deposit $1700.
but never touch the margin money.

If you plan on trading 5+ contracts then you can scale to 2 of 5 before making use of profits.

- If swing trading is not even an option then you have no way to maximize reward.
- if you do not withhold the money to stack contracts then that makes winning a lot more difficult.

Is NQ what you should be trading? probably not.

You'd be better off trading micro/e-mini crude, mini gold, etc. . .
metals, energy, agriculture.

"Trading is a business" -JR
JR.jpg


Dude, if I just "trailed my lows" and Increased lot size using profit. DAMN. :shock:
#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

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