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)
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
#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
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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Re: ProchargedMopar's Trading Trilogy
Trading is simple:
When I see price going down.......Sell for any reason.
Do NOT buy.
When I see price going down.......Sell for any reason.
Do NOT buy.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- aliassmith
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:Trading is simple:
When I see price going down.......Sell for any reason.
Do NOT buy.
Are you laughing at those losses?
Trade Your Way as Long as It Makes Money!
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
The double hook cone and higher low breakout courtesy of m.o. 's thread.
Also known as a higher low bband touch.
Never mind the buy entry, its an emotional Add.
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
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.
This ensured me the ability to keep my gains as small as possible.
#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
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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Re: ProchargedMopar's Trading Trilogy
This is Pro's Mo n Go in action.
Why would I take a trade according to rules?
Hmmmmmm
And still going.
Why would I take a trade according to rules?
Hmmmmmm
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: ProchargedMopar's Trading Trilogy
Yep,.......
Re: ProchargedMopar's Trading Trilogy
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.
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.
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
This is what I saw,
And this is how I traded it.
@work, will read above posts in a sec.
And this is how I traded it.
@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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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- Joined: Sat Dec 20, 2008 6:07 am
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Re: ProchargedMopar's Trading Trilogy
This trade was in between the above 2 trades...
Entry was buy limit as was exit a sell limit while working.
Entry was buy limit as was exit a sell limit while working.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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