ProchargedMopar's Trading Trilogy

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aliassmith
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Postby aliassmith » Sat Nov 15, 2014 7:31 pm

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:haha,
My acct shows what I've been up to,
And it's all red.
LOL


I was teaching a guy how to trade because he found out that I am a trader
and wanted to learn. I exposed him to several methods. After working with
those methods he discovered he was profitable with one of the methods.
Now he focuses on that one method and uses discipline and manages risk.
He doesn't make 1000% a year, but he is profitable and loves it.

What he discovered was discipline and risk management was the top important
factors of his success.

When your discipline and risk management went out the window you lost big!

Its hard to be as good as MO, focus on being a great you. I don't make over
1000% a year like MO, but 300%+ is fine with me.


So if you started with $1000 5 yrs ago that means you have $243,000
in your acct currently.

Next year you'll be close to the aspiring fxtraders $1mil goal.
:)

P.S.
I don't believe in discipline, it's a myth.
"BE", do, have.
Takes NO discipline at all.


good luck with that line of thinking, served you well so far!
Trade Your Way as Long as It Makes Money!

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v8power
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Postby v8power » Sat Nov 15, 2014 8:12 pm

Pro I say this with respect, but I just don't get you. You show me a method that you claims wins, but yet you lose. Why? If your method works then why not take my suggestions and apply it to one currency next week and and take every trade it signals. Had you done it off that G/U chart you showed me you would have made 180 pips. That's awesome.


You like weightlifting so did I. I base my training off of westside barbell, consider to be the best at strength training. When you start, you start with a basic template, 2 Max effort days and 2 speed or rep days. Once you have a base you add in some sled pulls. then you add in extra workouts such as glute ham raises or core work. Some guys have upwards of 14 workouts a week. but they work up to that. You need to start with your basic trading template and once you master that then add to it. Or be posting the same thing another 5 years from now, like you were from 5 years ago. Best of luck.

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prochargedmopar
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Postby prochargedmopar » Sat Nov 15, 2014 11:35 pm

v8power wrote:Pro I say this with respect, but I just don't get you. You show me a method that you claims wins, but yet you lose. Why? If your method works then why not take my suggestions and apply it to one currency next week and and take every trade it signals. Had you done it off that G/U chart you showed me you would have made 180 pips. That's awesome.


You like weightlifting so did I. I base my training off of westside barbell, consider to be the best at strength training. When you start, you start with a basic template, 2 Max effort days and 2 speed or rep days. Once you have a base you add in some sled pulls. then you add in extra workouts such as glute ham raises or core work. Some guys have upwards of 14 workouts a week. but they work up to that. You need to start with your basic trading template and once you master that then add to it. Or be posting the same thing another 5 years from now, like you were from 5 years ago. Best of luck.


Truth,
Now ur talkin my language!!!!
#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

v8power
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Postby v8power » Sat Nov 15, 2014 11:38 pm

Haha I figured you would like that. You can compare the 2 in so many different ways. Now go and be profitable next week.

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prochargedmopar
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Postby prochargedmopar » Sun Nov 16, 2014 11:31 pm

TRO, does this chick remind you of anyone? ;)

Kim Kromprass

"How you trade Anything, is how you trade Everything"

Some examples of her "live" trades AND
a few curt points on
PULLING OUR HEAD OUT OF OUR ASSES.

Short and not so sweet pdf.

https://www.dropbox.com/s/153l5pnbjbwu5 ... 0.pdf?dl=0
#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 Nov 17, 2014 7:30 am

This is kinda funny,
Been chasing AJ for days. LOL
Finally got filled at the top.
Oops.
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#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 Nov 17, 2014 8:11 am

Simple Truth's

What will I do when I'm NOT afraid anymore?
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#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 Nov 17, 2014 8:18 am

DBMTR?

Momo breakout/spike

Go long for ANY reason.
Candle close, break of candle, break of low of candle. IB, OB, blah blah.

Price is going up.
Buy.
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#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 » Sat Nov 22, 2014 10:52 pm

This whole week I traded Mo n Go
Except for 2 trades.

All were winners whether I used market OR limit orders.

The two counter trend trades gave me drawdown, specially UJ,
I entered it 100 pips too early, Ended up getting short a 2nd entry (ADD bigger) @94, then closed both for b/e. The first entry was still profitable but I was no where to be seen. LOL

Counter trend requires patience and smaller lot size for sure.
Here are the AN entries.

I must use space balls,
I must use space balls.
I must use space balls.
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#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 » Sat Nov 22, 2014 10:56 pm

A Self reminder of what I wrote a year or two ago.


"SPACEBALLS"
#1 Where am i going?
#2 How am I going to get there?

After answering the first question we have a target.
Next we must answer the second question of getting there.
With SpaceBalls we will go 1 step further by protecting the leverage side of our acct. (Our Money) but also maximizing our rewards with the Risk side of ledger (OPM). We can be patient and delay gratification for Huge %Gains.

Target must be 3:1 or BETTER trading from Daily chart extremes
(MN/Wk S-R, pointy places)

Start @3% Initial risk.
Never lose more than 1/3 (1%) in any attempt to hit your target which gives you 3 cracks at a "win".

100 space/300 pip target for example:
10k acct lot size starts @ $3 (100 space)
1st target hit makes $900
By re-investing profits we up lot size to
$12 a pip.
2nd target hit makes $3600 (with $10k acct base)
Re-investing profits we move lot size up to...?..?.... OOPS. It says $48 a pip BUT trading exotics with a margin requirement of say $350 per $1 pip holds us to $29 per pip max with 100 pips space.

Now, we are in a "win" situation after 2 steps and NONE of our $300 is now at risk. Even if we "lost" 3 in a row (attempts to get in at extreme)
WE WOULD STILL HAVE OUR ORIGINAL $300 RISKED +$2900 IN ACCT.

But.
3rd target is hit @$29 a pip.
CHA CHING $8700.00
Total now on risk side of ledger?
$900, $3600, $8700 OR
$13,200
Move over bacon.

New acct balance is $23.200.00!!!

You can continue to trade @$29 a pip with 100 space OR move some over to leverage side OR increase space OR......Options are limitless!!!

Think about it.
#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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