ProchargedMopar's Trading Trilogy

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prochargedmopar
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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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Re: ProchargedMopar's Trading Trilogy

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

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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 Jun 02, 2015 10:23 pm

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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 » Wed Jun 03, 2015 1:12 am

Faulty accumulation level:

Screenshot_2015-06-02-20-10-15.png
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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 » Wed Jun 03, 2015 3:25 am

Classic MO

There is no "early" or "late", there is only Position at an extreme; if you get a price close to the extreme then you get more lots and if you get a price further away then you get fewer lots.
Don't think of your trades as an immediate success or failure but as a problem of too little or too much space.

Bodies close in the direction of profit & wicks point to the path of loss.
Is price closing higher or lower than something?
If you KNOW differently then DO differently :D

You may have this idea or that idea but always consider that price DOES MOVE a hundred or hundreds of pips and the number of times you can fidget with your lots before the continuation of the long term move.

The secret is not in predicting the future but in increasing the size of your wins (lot size not dist.) and using the same block of risk for multiple trades.

Some golden rules:

DO NOT move your stop esp to break even.

If you feel that you need to raise your stop then it is time to take partial profits or liquidate.
MightyOne
#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 » Wed Jun 03, 2015 3:37 am

Your position is in the same spot no matter where you enter.

If they want your money then they are going to have to move price to the longer term extreme.
Should you decide to move your <---position---> to the daily minus extreme then YOUR STOPS SHOULD THROW YOUR <---position---> back outside of the daily plus area.

Picture a daily chart trending upwards and yourself trailing a stop below the lows. Now picture that, instead of a stop, your position size is growing as price rises. Next imagine that you made use of partial stop loss orders that shed just enough lots to throw your <---Position---> to the weekly+ extreme...

that is how it is done.
MightyOne
#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 » Wed Jun 03, 2015 12:52 pm

I took an accumulation scalp long AJ tp hit.
Had limit order set to buy NU which triggered while sleeping.
167 total space available.

Not a good decision as daily is down coming off the MA's.
H4 gave a failed BO and BI to go short.

Screenshot_2015-06-03-07-47-15.png
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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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