ProchargedMopar's Trading Trilogy

[prochargedmopar]

Didn't think today was gonna end profitable for a bit.
Was up 1% but down 2% a couple times.
Had plenty of cushion though.
Still using scared money, held e/j long 4hrs..then finally added when it started to move and got out with +8.x on 2 positions.....dag nab thing went right to my target.....00, I was long from 40 and 65.
Doh.

[pablo101]

You seem very profitable these days PRO, when are you going to get onto real money?

[prochargedmopar]

pablo,
ONLY when I'm NOT trading with "scared" money.
I'm building the account with profitable days and $50 a week addition until I'm not scared to trade 10/20 cent pips.

Today was a crappy day trading for me.
Many, many, pips available out there...it's insane.

I'm thinking about going to 20 cents pips so I can step up to the 1/2 off trick.
I've been using 10 centers the last few days so I can work on my trading psychology/plan.

[pablo101]

pablo,
ONLY when I'm NOT trading with "scared" money.
I'm building the account with profitable days and $50 a week addition until I'm not scared to trade 10/20 cent pips.

Today was a crappy day trading for me.
Many, many, pips available out there...it's insane.

I'm thinking about going to 20 cents pips so I can step up to the 1/2 off trick.
I've been using 10 centers the last few days so I can work on my trading psychology/plan.

Don't mind me, only when you u feel comfortable trading more

From what I can see, you're doing really well

[prochargedmopar]

Memory refreshed on why I must ALWAYS place catastrophic stops at entry.
See that big ass m15 candle..???
I went short e/j for scalp prior to it forming, added to position but with mental stop within risk tolerance...price took off like rocket, added at next stall, was looking at -$158 in no time.

Well, traded my way back to what you see here using stops.
Whew.
What a day.
-2.5% over my daily limit.

[prochargedmopar]

Switched from ohlm indy back to sdx-pivots.
I still have HLC of previous day and a couple extra lines to trade from or to.

stuck to plan today, used stops too.

[prochargedmopar]

Efficiency:
Wait for a trade......

[prochargedmopar]

Very stressful at times today.
Gotta simplify entry triggers/parameters.

[dchappy]

Pro , does that represent 340 pips ?? WHOA !!!!

[prochargedmopar]

DC,
No, it was like 180ish net.

I add to losers sometimes......if it's well within my risk tolerance of my max daily loss.
I don't have a trade max, it's all rolled into one even after I'm up X.X % on account....I'll offer my daily profit back each day if I have too.

Today was a waste.

I was short NY session e/u and exited for -1 pip 15sec before it dropped 70.
WTF?

Traded G/U the wrong way during London.
Hell of a way to make profit.



Switched to UK micro so I can employ hedging instead of adding next week....
Hmmmmm