ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 15, 2014 5:11 pm

My position is a stop loss order on a larger timeframe chart. M.O.
The smaller timeframe wiggles have been created for me to ADD size. Pro
Last edited by prochargedmopar on Mon Dec 15, 2014 5:16 pm, 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 15, 2014 5:15 pm

MightyOne wrote:
Your trading skills can be complete sh;t & you can still make a killing...
if you would value long term extremes above all else. (Stoploss order placement)
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 15, 2014 6:35 pm

Trading is simple:
When I see price going down.......Sell for any reason.
Do NOT buy.

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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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Tue Dec 16, 2014 1:00 am

prochargedmopar wrote:Trading is simple:
When I see price going down.......Sell for any reason.
Do NOT buy.

Image


Are you laughing at those losses? :shock:
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Dec 16, 2014 3:14 pm

The double hook cone and higher low breakout courtesy of m.o. 's thread.

Image

Also known as a higher low bband touch.

Never mind the buy entry, its an emotional Add.
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Dec 16, 2014 4:44 pm

I made sure to close my largest positions from the "worst" price as soon as I saw the first something get broken.
This ensured me the ability to keep my gains as small as possible.

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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Dec 16, 2014 6:52 pm

This is Pro's Mo n Go in action.
Why would I take a trade according to rules?
Hmmmmmm

Image

And still going.
#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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Re: ProchargedMopar's Trading Trilogy

Postby dchappy » Tue Dec 16, 2014 7:10 pm

Yep,....... :smt006
Screenshot_2014-12-16-14-04-12.png
Screenshot_2014-12-16-14-04-12.png (86.95 KiB) Viewed 89 times

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Dec 16, 2014 7:19 pm

Calm down, start small, end big.

Recognize that it is your unwillingness to be PROfessional that is holding you back.

You could start at 0.25% risk and still make a 50% gain...
you are only 2 mouse-clicks behind the guy that starts at 1%!

What about 0.125% risk?
that is only 3 mouse-clicks behind 1%!

How far do you lag behind at 0.25% risk to a guy risking 4%?
0.25: 0.50 -1.00 - 2.00 - 4.00
4 doubles behind.
8%?
5 doubles behind.

Short term, the trader to your left is making more money than you but by the time the long term expansion is underway we are both at the same lot size as there is a cap that prevents us from going further.

Lets say that he made 150 pips more than you trading 4x larger than your size.
His gain at max is (4/50)*150 or 12 big pips more than you.

You see, 'adding' reduces all your past gains and shifts the value to the future.
Since you are both at the same size in the future (max) what is the point of increasing your risk?

Something to think about.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Dec 17, 2014 12:21 am

This is what I saw,

Image

And this is how I traded it.

Image

@work, will read above posts in a sec.
#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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