Aliassmith Beats a "Dead Horse"

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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Oct 03, 2021 7:49 pm

Lvup7 wrote:
aliassmith wrote:
Lvup7 wrote:


Hi Alias, How are ya?

What made you hold for that long?
Well I set it up and fell asleep.

Also can you please explain the add on part, where would you add on? What are each add on decision based on?

Adding is part science and part art. You will want to figure out how to add and keep your breakeven/Stoploss behind key levels. I try to make my 1st add in a position to move my stoploss to zero risk. I would start with a 1+1+1 add process to practice.


What do mean by "I try to make my 1st add in a position to move my stoploss to zero risk." I am coming from a snatch and grab anything can happen type of mentally so maybe its challenging for me to visualize it.

So what your saying is your initial stop moves up as you add to protect your entries you made earlier?[/quote]

Stoploss goes where the positions average.
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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Mon Oct 04, 2021 7:32 am

aliassmith wrote:
Lvup7 wrote:
aliassmith wrote:
Hi Alias, How are ya?

What made you hold for that long?
Well I set it up and fell asleep.

Also can you please explain the add on part, where would you add on? What are each add on decision based on?

Adding is part science and part art. You will want to figure out how to add and keep your breakeven/Stoploss behind key levels. I try to make my 1st add in a position to move my stoploss to zero risk. I would start with a 1+1+1 add process to practice.


What do mean by "I try to make my 1st add in a position to move my stoploss to zero risk." I am coming from a snatch and grab anything can happen type of mentally so maybe its challenging for me to visualize it.

So what your saying is your initial stop moves up as you add to protect your entries you made earlier?


Stoploss goes where the positions average.[/quote]

I was reminded of MightyOne always saying
1. Position
2. Accumulation/lot size
3. Expansion
The last part is the markets job!

He also said only move your stoploss when adding positions. If you start out with a max risk of 1% you never want to risk more when adding. You'll need to move your stop to bring your risk to 1% or less.

He dropped many gold nuggets here. One only needs a digital pickaxe to go find them to build your own system.
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Lvup7
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Re: Aliassmith Beats a "Dead Horse"

Postby Lvup7 » Mon Oct 04, 2021 1:12 pm

I hear ya. Read many of his posts, cool dude for sure. Trying to keep an open mind & flex a bit out of the all or nothing type of mentally. I know breaking up and adding can be more efficient and less risky. May be I'll post some charts if it clicks.

Btw, how is trading with FTMO going?

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IgazI
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Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Mon Oct 04, 2021 11:50 pm

:lol:
SPY_IS_F.png
SPY_IS_F.png (121.27 KiB) Viewed 507 times
Tey-ah-tah Om Bake-an-zeya Bake-an-zeya Maha-Bake-an-zeya Rahts-ah Sahm-O'gahtey So-ha

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Oct 06, 2021 6:46 am

Need to decorate my office with framed versions of these:
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Oct 06, 2021 6:48 am

And..
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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Oct 06, 2021 6:49 am

Also,
Rogue Trader
The Big Short
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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Oct 06, 2021 9:01 am

Almost forgot

Wolf of wall st.
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Lvup7
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Re: Aliassmith Beats a "Dead Horse"

Postby Lvup7 » Wed Oct 06, 2021 12:10 pm

Wall Street, tasteful & classic the rest Meh..unless you want to your office to look like an entry way with posted coming attractions at a movie theater :lol: (ya'll remember those).

Vin Diesel :lol:


Just messing with you buddy, I enjoy socializing on occasion.

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Oct 06, 2021 12:22 pm

Lvup7 wrote:Wall Street, tasteful & classic the rest Meh..unless you want to your office to look like an entry way with posted coming attractions at a movie theater :lol: (ya'll remember those).

Vin Diesel :lol:


Just messing with you buddy, I enjoy socializing on occasion.


You are correct Wall Street is a must have.
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