$TRILLION STRATEGY

trading strategies and money management discussion, code, results

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Feb 27, 2007 3:44 pm

When Losing Could Mean Winning

By Charles Delvalle

Nobody, not even Warren Buffett, picks winners 100 percent of the time. Of course, it's better to pick more winners than losers... but it's not necessary to do that in order to have a winning portfolio. If you cut your losses short and max out your winners, you could lose 70 percent of the time and still make money.

It all boils down to simple math.

If you make 10 $1,000 trades and take a 5 percent loss on seven of them, all you'd need is a 15 percent gain on each of the other three to make a 10 percent overall gain. Not bad for losing most of the time.

In the end, being a successful trader is about having a system in place that makes you money, not about how often you win or lose.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Feb 27, 2007 3:47 pm

BP:

I trade with the candle color. I look at the color of the daily and the 60 minute candles. But you also have to look at the size of the wicks!! If the wicks are growing then the candle body is SHRINKING. That means the other side is winning!!

As far as other times, I don't know. I use 3:58 EST.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Feb 27, 2007 3:57 pm

vittorio wrote:
TheRumpledOne wrote:Is anyone trading $TRILLION with real money?


Hi TRO,

I am learning and these are mine first trades on the Forex...

However i am starting to trade the EURUSD with this method
and the following rules:
- EurUsd
- "daily" candles start at 2:58 PM EST
- TP=13 , SL=28
- only one trade x day
- 4 days x week (no friday close)
- Interactive Broker

I still have to fix:
- when to stop the strategy ?
- why do you prefer to trade the '3:58 PM EST' period?
- how use the statistics
(i.e. in order to discover:
- what is the best 'time period' for pair ?
- when start to trade a pair ?
- investigate on other pairs (i.e. the base stats on GBPUSD
are good but i have not the same results on GBPUSD as
on EurUSD .... )

For the base statistics, below my results. I run
the statistics on daily bar (Forex regular session).
I have not radascreen and I cannot use your indicator
could you post your base stats please ?

Thanks
Vittorio


I looked at your spreadsheet... your SL is larger than your TP?!?!!

May I suggest you REREAD the Optionetics article on money management.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

pipette4x
rank: <50 posts
rank: <50 posts
Posts: 33
Joined: Sun Feb 18, 2007 1:38 pm
Reputation: 0
Location: Minnesota
Gender: Female

Postby pipette4x » Tue Feb 27, 2007 4:30 pm

TRO

you must think we're as dumb as a box of rocks spometimes with all our questions but we really do appreciate your efforts in educating us

Pipette

BP
rank: 50+ posts
rank: 50+ posts
Posts: 99
Joined: Tue Feb 06, 2007 12:58 pm
Reputation: 0
Location: Camp Hill, PA
Gender: Male

Can you elaborate?

Postby BP » Tue Feb 27, 2007 4:56 pm

TheRumpledOne wrote:BP:

I trade with the candle color. I look at the color of the daily and the 60 minute candles. But you also have to look at the size of the wicks!! If the wicks are growing then the candle body is SHRINKING. That means the other side is winning!!

As far as other times, I don't know. I use 3:58 EST.

TRO,

Can you elaborate on this please? Looking at the color of th daily and the 60 minute candles to enter?

Thanks,

BP

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

pipette4x
rank: <50 posts
rank: <50 posts
Posts: 33
Joined: Sun Feb 18, 2007 1:38 pm
Reputation: 0
Location: Minnesota
Gender: Female

Re: Can you elaborate?

Postby pipette4x » Tue Feb 27, 2007 5:24 pm

BP wrote:
TheRumpledOne wrote:BP:

I trade with the candle color. I look at the color of the daily and the 60 minute candles. But you also have to look at the size of the wicks!! If the wicks are growing then the candle body is SHRINKING. That means the other side is winning!!

As far as other times, I don't know. I use 3:58 EST.

TRO,

Can you elaborate on this please? Looking at the color of th daily and the 60 minute candles to enter?

Thanks,

BP


Maybe TRO could post the daily and 60 right when he enters the trade so we can see the same thing

Pipette

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Feb 27, 2007 5:30 pm

By the time I post it, the trade is OVER!

You have to see THE TRADE AS IS IT MATERIALIZING!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Feb 27, 2007 5:33 pm

$TRILLION

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

pipette4x
rank: <50 posts
rank: <50 posts
Posts: 33
Joined: Sun Feb 18, 2007 1:38 pm
Reputation: 0
Location: Minnesota
Gender: Female

Re: Can you elaborate?

Postby pipette4x » Tue Feb 27, 2007 6:00 pm

BP wrote:
TheRumpledOne wrote:BP:

I trade with the candle color. I look at the color of the daily and the 60 minute candles. But you also have to look at the size of the wicks!! If the wicks are growing then the candle body is SHRINKING. That means the other side is winning!!

As far as other times, I don't know. I use 3:58 EST.

TRO,

Can you elaborate on this please? Looking at the color of th daily and the 60 minute candles to enter?

Thanks,

BP


Maybe TRO could post the daily and 60 right when he enters the trade so we can see the same thing

Pipette

pipette4x
rank: <50 posts
rank: <50 posts
Posts: 33
Joined: Sun Feb 18, 2007 1:38 pm
Reputation: 0
Location: Minnesota
Gender: Female

Postby pipette4x » Tue Feb 27, 2007 6:02 pm

TheRumpledOne wrote:$TRILLION



Hey TRO

So how long after 4pm do you typically enter a trade?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “strategy trading & money management”