ProchargedMopar's Trading Trilogy

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aliassmith
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Postby aliassmith » Sun Apr 04, 2010 1:19 pm

prochargedmopar wrote:To be successful trading in any market one must consider the following:

1. A thorough understanding of this market and what drives price
2. You must develop and maintain the integrity of your psychological profile
3. You must become an "Independent Thinker"
4. You must be absolutely clear in your trading plan and know exactly what defines your decisions and why, from the beginning to the end of a position
5. Firm and disciplined equity management protocol tailored to your method(The ONLY thing that must have defined and explicit unbreakable rules...pro addition)
6. Don't think you know what's going to happen next
7. Think in terms of probabilities, not affirmatives

Go back and read "Face the Trader Within" again!

http://www.chrislori.com/memberzone/fre ... islori.pdf


First step, Believe that what I am about to tell you will help you.

Second step get Tony Robbins Personal Power II and follow it along with
Think and GRow Rich by Napoleon Hill.

They have helped me with my "grey matter" problems. :D

"If you Believe you can, you are right. If you Believe you can't, you are
also right."
Trade Your Way as Long as It Makes Money!

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razorboy
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A really simple trading plan

Postby razorboy » Sun Apr 04, 2010 7:51 pm

Pro,

I'll take one more kick at the can

Putting this spread sheet is what made me see things properly, maybe it will work for you. I was going through it again to work on some position sizing ideas going forward (there may be some errors, but the overall picture should be clear)

about 10 years of back testing on GU (1 pair). starting with $1000 in the account. While I cant say that the same results will occur going forward, all I need to do is keep myself in the game until the market starts to trend again..........and again.............and again................

3 scenarios

1. Close half position when trade goes 1:1 trail with a 20 sma. Positions are 1 micro lot per $500 of account equity. Martingale sizing - do not reduce position size when account equity falls (columns P/Q/S) Ending equity - 166K

2. Not closing half of position when trade goes 1:1 - Trail with 20 sma. Positions are 1 micro lot per $500 of account equity. Do not reduce position size when equity falls. (columns v to y - take a look at line 359 to see if you can stomach that equity drop - ending equity $1mm

3.. Not closing half of position when trade goes 1:1 - Trail with 20 sma. Positions are 1 micro lot per $500 of account equity. Reduce position size when equity falls. (columns AA to AD) ending equity $300K


Annual rate of return for these scenarios is about 66 to 100% annually. With about 20 minutes of work a day and no insanity, no banging my head against a wall and no self doubt. If this cannot teach you how to hold a trade, nothing will.

99% of traders, professionals included, would kill for these sorts of returns
Attachments
GU posted to kreslik.xls.zip
(86.17 KiB) Downloaded 75 times
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Mon Apr 05, 2010 12:09 am

Downloaded the tony robins vids but will not start watching until late April.

1/2 off at +20 g/u short.

Image

Only a scalp as the weekly looks long to me. Wanting price to drop to 5200 and then will be looking for longs to green target.
Have to wait till mon. or tue. though. Could actually tap the red zone before turning. Need to check fundamentals.
Hmmmmmm

Image
Last edited by prochargedmopar on Mon Apr 05, 2010 12:30 am, edited 1 time in total.
#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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prochargedmopar
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Postby prochargedmopar » Mon Apr 05, 2010 12:28 am

BTW,
Back from Austin and San Antonio trip.
We watched Son run at TX relays in Austin. He did pretty good. Passed 2 guys during his leg in the 4x400 and ran a personal best of 51.2. He's a freshman, smokin' for a white boy.

Here is my wife in the canoe on a 7 mi. trek. 4-5 hr trip but we made it in 2:14min.......

Image

Here is me doing all the work.

Image

Here is something interesting above the riverbed:

Image

The most interesting thing of the trip was looking at all the people downtown about 11pm Fri night. Club scene was in full force at the capital to say the least.

And to think,
I watched 28 FX vids during the 3 day trip ranging in times from 18 to 44 min.
#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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prochargedmopar
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Postby prochargedmopar » Mon Apr 05, 2010 12:39 am

Taken out of trade as it broke previous dealing range high:
+21 and +16

Image
#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 aliassmith » Mon Apr 05, 2010 3:16 am

prochargedmopar wrote:Downloaded the tony robins vids but will not start watching until late April.

1/2 off at +20 g/u short.

Image

Only a scalp as the weekly looks long to me. Wanting price to drop to 5200 and then will be looking for longs to green target.
Have to wait till mon. or tue. though. Could actually tap the red zone before turning. Need to check fundamentals.
Hmmmmmm

Image


Should be audios not videos, I listen to them in the car.
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Postby prochargedmopar » Mon Apr 05, 2010 3:23 am

aliassmith wrote:
prochargedmopar wrote:Downloaded the tony robins vids but will not start watching until late April.

1/2 off at +20 g/u short.

Image

Only a scalp as the weekly looks long to me. Wanting price to drop to 5200 and then will be looking for longs to green target.
Have to wait till mon. or tue. though. Could actually tap the red zone before turning. Need to check fundamentals.
Hmmmmmm

Image


Should be audios not videos, I listen to them in the car.


Sorry, your right, they are audio files.
There are a bunch of his vids on youtube also.

I listened to the Napoleon hill audiobook about 5x (or more) 6mo. ago. Need to listen again but have other things on table atm. Will revisit in a couple months.

"the hand that lays the book back on the table when done is a different hand than the one that picked it up"

Thx for the heads up on TRobbins stuff, found the torrent free.
#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

aliassmith
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Postby aliassmith » Mon Apr 05, 2010 3:26 pm

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:Downloaded the tony robins vids but will not start watching until late April.

1/2 off at +20 g/u short.

Image

Only a scalp as the weekly looks long to me. Wanting price to drop to 5200 and then will be looking for longs to green target.
Have to wait till mon. or tue. though. Could actually tap the red zone before turning. Need to check fundamentals.
Hmmmmmm

Image


Should be audios not videos, I listen to them in the car.


Sorry, your right, they are audio files.
There are a bunch of his vids on youtube also.

I listened to the Napoleon hill audiobook about 5x (or more) 6mo. ago. Need to listen again but have other things on table atm. Will revisit in a couple months.

"the hand that lays the book back on the table when done is a different hand than the one that picked it up"

Thx for the heads up on TRobbins stuff, found the torrent free.


The key to its power is believing it will work and doing what it says to do.
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Re: A really simple trading plan

Postby prochargedmopar » Mon Apr 05, 2010 8:00 pm

razorboy wrote:Pro,

I'll take one more kick at the can

Putting this spread sheet is what made me see things properly, maybe it will work for you. I was going through it again to work on some position sizing ideas going forward (there may be some errors, but the overall picture should be clear)

about 10 years of back testing on GU (1 pair). starting with $1000 in the account. While I cant say that the same results will occur going forward, all I need to do is keep myself in the game until the market starts to trend again..........and again.............and again................

3 scenarios

1. Close half position when trade goes 1:1 trail with a 20 sma. Positions are 1 micro lot per $500 of account equity. Martingale sizing - do not reduce position size when account equity falls (columns P/Q/S) Ending equity - 166K

2. Not closing half of position when trade goes 1:1 - Trail with 20 sma. Positions are 1 micro lot per $500 of account equity. Do not reduce position size when equity falls. (columns v to y - take a look at line 359 to see if you can stomach that equity drop - ending equity $1mm

3.. Not closing half of position when trade goes 1:1 - Trail with 20 sma. Positions are 1 micro lot per $500 of account equity. Reduce position size when equity falls. (columns AA to AD) ending equity $300K


Annual rate of return for these scenarios is about 66 to 100% annually. With about 20 minutes of work a day and no insanity, no banging my head against a wall and no self doubt. If this cannot teach you how to hold a trade, nothing will.

99% of traders, professionals included, would kill for these sorts of returns


Razor,
Not sure how I missed seeing this post,
Interesting.
#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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prochargedmopar
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Postby prochargedmopar » Tue Apr 06, 2010 1:34 pm

a couple scalp trades off m5 and then m1.

Image

Image
#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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