Scrolled back, I see 30 bucks increase.
Hmmmmmmm
Backflip.
M.O. says what I'm doing is "just swinging your fists in the dark looking to land a few pips."
Macro scalping is something I MUST DO.
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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- aliassmith
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:Scrolled back, I see 30 bucks increase.
Hmmmmmmm
Backflip.
M.O. says what I'm doing is "just swinging your fists in the dark looking to land a few pips."
Macro scalping is something I MUST DO.
What's wrong with what you did?
You accumulated which is the first step.
Trade Your Way as Long as It Makes Money!
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
aliassmith wrote:prochargedmopar wrote:Scrolled back, I see 30 bucks increase.
Hmmmmmmm
Backflip.
M.O. says what I'm doing is "just swinging your fists in the dark looking to land a few pips."
Macro scalping is something I MUST DO.
What's wrong with what you did?
You accumulated which is the first step.
In my mind I see that it must go like this:
IDEA
Ride
step aside
pullback
Ride opm
step aside
pullback
ride opm
EXIT 80-100% gain.
The way I've shown "how" to trade is:
Idea
exit
idea
exit
idea
exit
idea
exit
idea
oops, failed idea/new idea exit with first profit
idea
exit
idea
exit 4.x% gain for week
See the difference
#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
If the idea is easy but your mind is worrying about the complexity then you are out of alignment with profit.
You don't know how you are going to reach +0? Join the club!
Focus on doing the 'right things' and everything else falls into place.
The profit is in how you think about trading, not in 'trading' itself.
You don't know how you are going to reach +0? Join the club!
Focus on doing the 'right things' and everything else falls into place.
The profit is in how you think about trading, not in 'trading' itself.
- aliassmith
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:aliassmith wrote:prochargedmopar wrote:Scrolled back, I see 30 bucks increase.
Hmmmmmmm
Backflip.
M.O. says what I'm doing is "just swinging your fists in the dark looking to land a few pips."
Macro scalping is something I MUST DO.
What's wrong with what you did?
You accumulated which is the first step.
In my mind I see that it must go like this:
IDEA
Ride
step aside
pullback
Ride opm
step aside
pullback
ride opm
EXIT 80-100% gain.
The way I've shown "how" to trade is:
Idea
exit
idea
exit
idea
exit
idea
exit
idea
oops, failed idea/new idea exit with first profit
idea
exit
idea
exit 4.x% gain for week
See the difference
you made about 5%, take the opm into next week
there is more time than one week to trade.
25 cent pips
50 cent pips
$1.00 pips
$2.00 pips gain 39% and start over
Trade Your Way as Long as It Makes Money!
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Turning Pro
The follow-up to the bestseller The War of Art, Turning Pro navigates the passage from the amateur life to a professional practice.
You don’t need to take a course or buy a product. All you have to do is CHANGE YOUR MIND.
—Steven Pressfield
TURNING PRO IS FREE, BUT IT’S NOT EASY.
When we turn pro, we give up a life that we may have become extremely comfortable with. We give up a self that we have come to identify with and to call our own.
TURNING PRO IS FREE, BUT IT DEMANDS SACRIFICE.
The passage from amateur to professional is often achieved via an interior odyssey whose trials are survived only at great cost, emotionally, psychologically and spiritually. We pass through a membrane when we turn pro. It’s messy and it’s scary. We tread in blood when we turn pro.
WHAT WE GET WHEN WE TURN PRO.
What we get when we turn pro is we find our power. We find our will and our voice and we find our self-respect. We become who we always were but had, until then, been afraid to embrace and live out.
The follow-up to the bestseller The War of Art, Turning Pro navigates the passage from the amateur life to a professional practice.
You don’t need to take a course or buy a product. All you have to do is CHANGE YOUR MIND.
—Steven Pressfield
TURNING PRO IS FREE, BUT IT’S NOT EASY.
When we turn pro, we give up a life that we may have become extremely comfortable with. We give up a self that we have come to identify with and to call our own.
TURNING PRO IS FREE, BUT IT DEMANDS SACRIFICE.
The passage from amateur to professional is often achieved via an interior odyssey whose trials are survived only at great cost, emotionally, psychologically and spiritually. We pass through a membrane when we turn pro. It’s messy and it’s scary. We tread in blood when we turn pro.
WHAT WE GET WHEN WE TURN PRO.
What we get when we turn pro is we find our power. We find our will and our voice and we find our self-respect. We become who we always were but had, until then, been afraid to embrace and live out.
#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
you made about 5%, take the opm into next week
there is more time than one week to trade.
25 cent pips
50 cent pips
$1.00 pips
$2.00 pips gain 39% and start over
as long as you are not suggesting increasing your lot size while keeping your stops small...
when your lot size is small you can be extremely aggressive, but as your size increases there is an ever increasing need to sober up
PRO brought up the 'macro pip', something that I haven't thought about in quite some time.
You simply reduce your trade size by 90%, multiply your triggers by 10, and then trade a large chart as if you were scalping; a 93 pip gain = +9.3 'macro pips'.
The benefit to trading this way is that you can often have stops equal to 3 or 4 pips & get better R/R ratios. but the downside is a significant loss of time.
You might have 35 risk space and then risk 5 macro pips (50 pips) on trade. If you lose you are down to 30 space & if you win you are up to 40-45 pips.
Now I know you are thinking "why bother, why not just trade the BuyZone"...
1. you have fewer pips at risk: 3-5 instead of 7-10
2. the probability of winning is higher because it is a long term chart
3. you are unlikely to get smacked by a wickdoll; even if there were a 30 pip spike it would be as '3 pips' to you.
4. 8 'macro' pips = 8 'micro pips'; you can trade the BuyZone with your profit without fear of getting whipsawed.
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Had an Idea fri.
Order was not filled Sun.
Close. But no cigar.
Order was not filled Sun.
Close. But no cigar.
#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
MightyOne wrote:you made about 5%, take the opm into next week
there is more time than one week to trade.
25 cent pips
50 cent pips
$1.00 pips
$2.00 pips gain 39% and start over
as long as you are not suggesting increasing your lot size while keeping your stops small...
when your lot size is small you can be extremely aggressive, but as your size increases there is an ever increasing need to sober up
PRO brought up the 'macro pip', something that I haven't thought about in quite some time.
You simply reduce your trade size by 90%, multiply your triggers by 10, and then trade a large chart as if you were scalping; a 93 pip gain = +9.3 'macro pips'.
The benefit to trading this way is that you can often have stops equal to 3 or 4 pips & get better R/R ratios. but the downside is a significant loss of time.
You might have 35 risk space and then risk 5 macro pips (50 pips) on trade. If you lose you are down to 30 space & if you win you are up to 40-45 pips.
Now I know you are thinking "why bother, why not just trade the BuyZone"...
1. you have fewer pips at risk: 3-5 instead of 7-10
2. the probability of winning is higher because it is a long term chart
3. you are unlikely to get smacked by a wickdoll; even if there were a 30 pip spike it would be as '3 pips' to you.
4. 8 'macro' pips = 8 'micro pips'; you can trade the BuyZone with your profit without fear of getting whipsawed.
im not sure what you are considering small stops
but im thinking 40+ pips.
Trade Your Way as Long as It Makes Money!
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
What the crap?
#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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