ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 02, 2015 5:30 am

#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 Jun 02, 2015 1:53 pm

AU
AJ
NU

Look at daily chart.
CONFORMITY WITHOUT ME.
#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 TheRumpledOne » Tue Jun 02, 2015 1:58 pm

prochargedmopar wrote:"always oversize your space when trading counter trend" MightyOne

Im re-reading "Ideas" from page one.


Pro, is that really necessary?

Keep it simple... HORIZONTAL LINES!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 02, 2015 6:37 pm

REMINDER:

#1 Where am i going?

#2 How am I going to get there?

After answering the first question by looking at my highest timeframe and trading away from pointy places or 2+ daily extremes I have a target.

Next I must answer the second question of getting there. My goal is to have maximum lot size in place before the target is hit.

With SpaceBalls I will go one step further by protecting the leverage side of my acct. (My Money) but also maximizing my rewards with the Risk side of the ledger. (Other Peoples Money)
I can be patient and delay gratification for Huge % Gains.

Target must be 3:1 or BETTER trading from 2+ Daily chart extremes
(MN/Wk S-R, pointy places)

Start @3% Initial risk. I never lose more than 1/3 (1%) in any attempt to hit my target which gives me 3 cracks at a "win".

100 space/300 pip target for example:

10k acct so lot size starts @ $3 (100 space)

1st target hit makes $900

By re-investing profits I up lot size to
$12 a pip.


Keep in mind, I am still risking ONLY 3% of "my" acct on the 2nd trade of the sequence. Very important.

2nd target hit makes $3600 (with $10k acct base)

!Re-investing!
profits I 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 Me to $29 per pip max with 100 pips space.

Now, I am in a "win" situation after 2 steps and NONE of my $300 is now at risk. Even if I "lost" 3 in a row (attempts to get in at an extreme)
I WOULD STILL HAVE MY ORIGINAL $300 RISKED +$2900 xtra IN MY 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!!!

That is a 130% Increase compared to 3% lost if I lose a "trade"

I 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 02, 2015 6:52 pm

TheRumpledOne wrote:
prochargedmopar wrote:"always oversize your space when trading counter trend" MightyOne

Im re-reading "Ideas" from page one.


Pro, is that really necessary?

Keep it simple...



YES.
Do you see my acct 7 yrs on?
Its s**t.
Im still working same JOB.


I must think differently to do differently to have something different.

I may be sitting here ATM but its only temporary.

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Next week Ill be back in a box plant.
#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 Jun 02, 2015 7:49 pm

A much read, underlined, and highlighted yet long lost quote by Mightyone. 3/2009
I present to you THE Trading Bible!

Prices rise and fall by HUNDREDS of pips every day and some how most
every one cannot figure out how to make even 1% per day.

I just dont get it, I really don't :?

So I am going to lay out the frame work for profiting in a such a way
that can be accomplished by anyone:

1. Which way is price likely to move in the long term (more on this later).

2. How small can I make my stops (you would be surprised)

3. Risking 1% per trade/chart enter with the momentum of the small time frame.

4. Exit all when you feel that price is likely to reverse and add that profit to your SL amount less commission.

EXAMPLE: 10 pips = 1%: You make 15 pips on a short and exit as the market starts to reverse. The next trade you risk your initial 10 + the 15 gained from shorting less 1 pip for commission to re enter.

5. Price starts heading in the long term direction and again you get an entry to short on your small TF. You short with your 25 pip stop and the market starts stalling at +7 so you exit (you are at +32).

Price retraces 45 pips and you believe price is again heading south so you short again on you small TF with a 31 pip stop.

7. YOU CAN ONLY EXIT WHILE IN PROFIT OR GET STOPPED OUT!

Price retraces 27 pips and then turns around and plummets 74 pips.

What time frame are your trading? What does that chart look like?
How many bars has it been since you first started shorting?

Trade NO MORE THAN 2 bars of any time frame!

8. You either reach your goal and make 7, 15, 26, 52, or 80%+ on your account or you lose 1%.

By reinvesting profit, having an unwillingness to let price trade to your stop while you are were profit at some point, and by sticking to a goal KNOWING that
PRICE DOES MOVE HUNDREDS OF PIPS EVERY DAY (just about) then you will reach the goals you set out to attain and your losses
will cause you great laughter!!

Think and grow rich PRO :wink:

2009
#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 Jun 02, 2015 9:36 pm

Option like staying power.

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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 02, 2015 9:41 pm

_20150602_164021.JPG
_20150602_164021.JPG (65.5 KiB) Viewed 95 times
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 02, 2015 10:23 pm

_20150602_172322.JPG
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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 03, 2015 1:12 am

Faulty accumulation level:

Screenshot_2015-06-02-20-10-15.png
Screenshot_2015-06-02-20-10-15.png (110.04 KiB) Viewed 86 times
#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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