ProchargedMopar's Trading Trilogy

[prochargedmopar]

hehehe, ok....




LOL
I know, that's cheating, wrong account but hey, it's a micro too........!!!

Gotta get the fxdd and the oanda over 1k, it's on the docket.

[newschool]

You deposited how much in that 1k$?

It must be difficult to manage scalp trades on multiple accounts...

[prochargedmopar]

not sure, but it's the one that I made 468ish on in 30 days then made another 160 in one trade on a "scalp" so about 400ish deposited the last move up..

I'm actually down about $3500 over the last 1.5yrs trading.

I "saving" that balance and using the "little" accounts until I prove to myself that I wont do anything stupid!!!!

Looks like they will all be popping at the seams soon though,
I CAN FEEL IT!!

[newschool]

pro, thats the only thing I hate about trading.
If you are done 50%, you need to make 100% to be back at same level. Argh. Money Management is a priceless lesson though...

[prochargedmopar]

The Daily Candle Game starts today.





I've see reference made to it in 2 different places, maybe I can learn something by doing it.

[aliassmith]

pro, thats the only thing I hate about trading.
If you are done 50%, you need to make 100% to be back at same level. Argh. Money Management is a priceless lesson though...

50% is a big hit. Maybe in that situation one would scale down the lot size.
When losses are not near 50% lot size is based off of the high water mark.
This was a great "gem" from Mightyone in my opinion.

[prochargedmopar]

Sample trade from today.
Against my D1 candle, truthfully, most were against the D1 candle and it caused big trouble.

I got to find the answer as to why I'd draw the candles short and then go long for 2 sessions.........

[MightyOne]

pro, thats the only thing I hate about trading.
If you are down 50%, you need to make 100% to be back at same level. Argh. Money Management is a priceless lesson though...

You should never be down by 50%...
If I lost 50% of my account then I would consider that account blown.

-Take small risks and build profit.

-Take the cushion of profit and have your way with it
slowly build a larger position on a longer term chart or temporarily increase your leverage on a small TF chart, the choice is yours.

-When you are looking to trade in the other direction THEN consider the cushion to be your money and guard it like the last beer in the fridge.

I give myself 4.5% to risk per week and see what I can do with it.

He who is faithful with little shall be given much.

[prochargedmopar]

I was pretty close with e/j's D1 candle......AJ pulled back up on me.

for today I'm going with e/j sucking in buyers......



a/j I can't even guess today so we'll go with it heading up to the z-line to zero out some short holders.



Tomorrow I'll start doing the one pair I trade and then one I don't look at often

[prochargedmopar]

Holy smokes I called up bars.......and I drained an account shorting.....!!!!!!!!!!!!!!!!

Damn.

well, I think I got like 20$ or so margin left with the size lots I was using....hehehehe

pisser.
freaking e/j almost looks perfect....Hmmmm

this stinks.
see account balance below.....-55ish %....