A fresh start! Doji's Trading Journal

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es/pip
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Postby es/pip » Sun Nov 11, 2012 4:03 am

" It is not so much a need to be 'right' as it is a need to get her done
in as few strokes as possible "--- MO


You should put that on a t-shirt.

probably make millions.


8)
Bend over and assume the position for another 4 years of hope and change.
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MightyOne
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Postby MightyOne » Sun Nov 11, 2012 4:07 am

You have my blessing to take the quote and make millions for yourself ;)
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es/pip
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Postby es/pip » Sun Nov 11, 2012 4:21 am

Wouldn't feel right about doing that.

I will split it with you.

:D
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PebbleTrader
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Postby PebbleTrader » Sun Nov 11, 2012 1:25 pm

SPACE:

Think of it in terms of extreme logic:

Take 1% of your account

If you take a position in the market with 1 lot, than your stop loss will be REALLY LARGE, right?

If you take a position in the market with 100 lots, than your stop loss will be REALLY TIGHT, right?

That's all there is to understand. It's the inverse relationship between space and lot size.

A space fortress is how you start out. Just like a fortress in real life, an enemy will not be able to do much damage to it. Your fortress is thy shield/defense.

Your offense is how you defeat your attacking enemy...

What I call God Mode is an excessive amount of space (Huge fortress) and lots (Lot's of weapons), for the time frame it is based on (stats) :)

------------------------------------------------------------------------

Side note, I have come across some really powerful information which I will create a new thread for us to learn.

I think I have a remedy for some of the problems we are seeing in the world.
Life is just a journey
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Neo88
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Postby Neo88 » Sun Nov 11, 2012 2:58 pm

PT explained it well above

I would add that you gain space either by price moving in your way or by reducing your lot size

I never came across this concept beside here; I would like to know more for sure :)
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore
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Postby Humble » Mon Nov 12, 2012 2:52 am

bredin has some input here: http://insanityindustries.net/wiki/inde ... itle=Space
Is price closing higher or lower than something? Simple yet powerful question. ..MO
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Postby dojirock » Mon Nov 12, 2012 3:23 am

Thanks Humble,

Ready for a new week!
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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Postby prochargedmopar » Mon Nov 12, 2012 4:34 am

dojirock wrote:Thanks Humble,

Ready for a new week!


Still chasing price I see.

I know, waiting for the proper entry can be a bitch~~~
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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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Postby prochargedmopar » Mon Nov 12, 2012 4:42 am

prochargedmopar wrote:
dojirock wrote:Thanks Humble,

Ready for a new week!


Still chasing price I see.

I know, waiting for the proper entry can be a bitch~~~


But it is possible:
Daily pulled back to the BBand, and spiked into an "institutional" level.
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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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dojirock
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Postby dojirock » Mon Nov 12, 2012 5:10 am

lol, yea pro.....

had i been on my computer 30 min earlier...spot on, in the zone, would have entered....



dojirock :D
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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