ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Fri Dec 03, 2010 6:20 pm

And YES, I NOW agree with those who say a beginning trader should trade demo until they are totally confident in their TRADE MANAGEMENT. They should also have a personalized system they use consistently to bank pips. 100% agreement.

I'm stubborn and still a ways off from completing the "package".
#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 eudamonia » Fri Dec 03, 2010 10:38 pm

Pro -

There is no shame in that. Success in this business takes a great deal of time. For several years I was in a 1 step forward 2 steps back mode, then slowly transitioned from 2 steps forward 1.5 steps back and am only now getting to the point where I feel like I'm trading reasonably well. However, I'm still waiting for my bamboo year as Don Miller calls it.

What I've noticed though is that the time that lapses between when I take a hit in the market and recover are becoming smaller and smaller. Additionally, my hot streaks last longer and are more substantial.

Keep moving forward and DON'T quit. Just when I thought this thing might kill me is when I started to move forward ever so slowly.

I've only been building momentum since then.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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prochargedmopar
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Postby prochargedmopar » Fri Dec 10, 2010 5:37 pm

Update:

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 prochargedmopar » Mon Dec 13, 2010 7:24 pm

This sucks!

The secret to the market is that history repeats itself. I'M THE PERFECT EXAMPLE: "I AM THE MARKET".

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 MightyOne » Tue Dec 14, 2010 5:45 am

prochargedmopar wrote:This sucks!

The secret to the market is that history repeats itself. I'M THE PERFECT EXAMPLE: "I AM THE MARKET".

Image


If you can see loss then you can see profit:

http://i55.tinypic.com/2mwxoy8.gif

If you see squiggly lines then you are not looking at the chart...

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Postby prochargedmopar » Tue Dec 14, 2010 8:29 am

It got worse, think I had 15 losses in a row, P/L was -$64 just before London. Trading off Droid at work acting the fool. I was looking at the chart, not the indicators.

As soon as I looked at the indicators I banked a quick 40 long e/u and knocked $22 off the P/L neg balance.

I can SEE loss, every time I trade against the system, it's SUICIDE.

I can also SEE your lines and why they are placed where you've put them, I can SEE history repeating over and over....market moving through area's in the past the same way in the present. Over and over and over. "Support and Resistance" (so called) is Very, Very, interesting.

Even with margin set at 10:1, A person can do some serious damage to an account.
I choose SLOW death. ;)

Wife ask how I lost $30 doing 1 cent pips......LOL
Ummmm, She said if you can do $1 pips when your angry, BE A MAN, and do $1 pips when your NOT.

DOH.
#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 MightyOne » Tue Dec 14, 2010 8:58 am


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Postby MightyOne » Thu Dec 16, 2010 9:41 am


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prochargedmopar
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Postby prochargedmopar » Thu Dec 16, 2010 5:20 pm

Well, after being down $64 tue. london session, these are the results through Thur. NY.

Sucks losing pips at $1-$2 pips and then making them back at 20-50 cent pips.

Crap.

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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prochargedmopar
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Postby prochargedmopar » Thu Dec 16, 2010 5:24 pm

2 sample trades

Image

I'm doing my damnest to add to these things.....no more taking partial profits.
The 2nd entry/trade should have been add according to what I'm trying to accomplish.
#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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