Aliassmith Beats a "Dead Horse"

[aliassmith]

Captain,

Exactly!

I find it fits my personality. I fill it is important
to be in sync with your trade style its easier on
the emotional capital.

[Captain Pugwash]

Thanks Alias - that's really clever.

One thing that still has me thinking -

Do you have an all or nothing policy to your trade sequencing? - Or does the inevitable loss in a sequence still find you with held profit, that you can use on the next sequence?

What I am asking is "how you bank the profit and when" - as its impossible (for me) to expect X trades in a row. I would need to find a way of managing the inevitable losses into the equation.

I don't think I'm explaining myself too well, sorry

anyway, thanks so much for your input mate - its priceless

p.s. If the answer is somewhere in your thread - apologies - I missed it

[seedling]

When it is OPM you are using then just take half (or some other amount) at a certain point when you start to feel uncomfortable with the size, then reduce size, something mentioned by es/pip in his farewell thread. I won't comment too much before I have tried it myself. , but I will be tryin once uni work stops being so awkward lol. Trading at +£100 a pip if make it from £1 pp to £128 pp by 8th term may be psychologically tough . All or nothing type strategy, each first poke = £13 + depending on broker (say 10 pip stop on eur/usd). Trading for next stop type thing. Stop distance depends on market. Target depends on stops wanted for sequence.
Succeed in a three term stack and it changes everything, bigger space for next battle.

[aliassmith]

Thanks Alias - that's really clever.

One thing that still has me thinking -

Do you have an all or nothing policy to your trade sequencing? - Or does the inevitable loss in a sequence still find you with held profit, that you can use on the next sequence?

What I am asking is "how you bank the profit and when" - as its impossible (for me) to expect X trades in a row. I would need to find a way of managing the inevitable losses into the equation.

I don't think I'm explaining myself too well, sorry

anyway, thanks so much for your input mate - its priceless

p.s. If the answer is somewhere in your thread - apologies - I missed it

U really must develope an OPM strategy that works
with what you are doing and your personality. I can
win several trades in a row and losses can be only
partial losses, so not a full setback.

say i started with $1000 and got it up to $1320. I
might be risking $280 on my next trade. The outcomes
could be minus $280, a decrease of something less
than $280 which would leave me OPM to work with,
or plus $420

[prochargedmopar]

In the video he is extremely clear that it is FEAR that leads most to failure.
The coin toss trick is suppose to alleviate most of it.
Chappy talks about Woody doing this daily in his trade room, and also it was in the long candle pdf.
His trade monitoring software is pretty cool.

He also states that all in/all out makes the most $$.

It appears here that we are all trying to find a way to trade space instead of just doing it.
Can't get a runner that I can add to on pullbacks........
Sequence, Cant seem to win 3-4 in a row,
scale out,


Looks like it is time for us to start building large size while price is sitting still.
At least that is what m.o. says to do.

[Captain Pugwash]

U really must develope an OPM strategy that works
with what you are doing and your personality. I can
win several trades in a row and losses can be only
partial losses, so not a full setback.

say i started with $1000 and got it up to $1320. I
might be risking $280 on my next trade. The outcomes
could be minus $280, a decrease of something less
than $280 which would leave me OPM to work with,
or plus $420

That makes perfect sense, thank you.

What I particularly like about your structure is, - it deals with my personal weak point Taking a Profit!

That said there is nothing stopping me holding on a monthly or yearly extreme after accumulating - as you said in your first sentence -

"You really must develop an OPM strategy that works
with what you are doing and your personality"

Thanks for your time Alias

[aliassmith]

In the video he is extremely clear that it is FEAR that leads most to failure.
The coin toss trick is suppose to alleviate most of it.
Chappy talks about Woody doing this daily in his trade room, and also it was in the long candle pdf.
His trade monitoring software is pretty cool.

He also states that all in/all out makes the most $$.

It appears here that we are all trying to find a way to trade space instead of just doing it.
Can't get a runner that I can add to on pullbacks........
Sequence, Cant seem to win 3-4 in a row,
scale out,


Looks like it is time for us to start building large size while price is sitting still.
At least that is what m.o. says to do.

I am here for the same reason MO is at this point,
at least I hope. To help people be successful.

We differ on our approach on accomplishing this goal
which is apparent.

My thinking is to give people ideas and have them
figure out what works for them, because that is what
MO and this forum has done for me.

Procharged, if you haven't noticed there are many good
ideas in this forum. To take MO,s recent idea as gospel
and deny the other ideas is Foley imo.

[aliassmith]

U really must develope an OPM strategy that works
with what you are doing and your personality. I can
win several trades in a row and losses can be only
partial losses, so not a full setback.

say i started with $1000 and got it up to $1320. I
might be risking $280 on my next trade. The outcomes
could be minus $280, a decrease of something less
than $280 which would leave me OPM to work with,
or plus $420

That makes perfect sense, thank you.

What I particularly like about your structure is, - it deals with my personal weak point Taking a Profit!

That said there is nothing stopping me holding on a monthly or yearly extreme after accumulating - as you said in your first sentence -

"You really must develop an OPM strategy that works
with what you are doing and your personality"

Thanks for your time Alias

I don't know if I helped, we will see after you apply
it.
My basic formula.
accumulate with low risk to "your money"
gear your risk up on a HT move
hit a %target
gear your risk back down and start again

[prochargedmopar]

My thinking is to give people ideas and have them
figure out what works for them, because that is what
MO and this forum has done for me.

Procharged, if you haven't noticed there are many good
ideas in this forum. To take MO,s recent idea as gospel
and deny the other ideas is Foley imo.

Very true:

Trade Your Way as Long as It Makes Money!

For me, I really am to the point I could care less about making $$,
My focus and desire is that my "Losses cause me great laughter"!!
being able to follow what I know as true, with very few 'mistakes', would be a bonus.

[aliassmith]

Another Mo-ism

3 candles show the way...2/3 truth and 1/3 illusion.

Basically the 2 previous candles are closed candles and since
they are closed they show what they show and nothing else.
The current candle is the illusion. It shows many things until it
closes and shows the truth.

My thinking on this is when you or I look at charts and make
analysis we look at closed candles. Obvious I suppose, but
many freak out about the illusion candle and end up making
bad decisions.

The purpose of the illusion candle is to get in and out at a
better price