ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Jun 12, 2015 9:29 pm

One more week gone.
One more step closer to a Win+.
#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 » Sat Jun 13, 2015 2:20 am

In April of 1958, a 22 year-old Hunter S. Thompson wrote a letter on the meaning of life when asked by a friend for advice. What makes his response all the more profound is the fact that at the time, the world had no idea that he would become one of the most important writers of the 20th century. Therefore his beliefs about purpose were hypothetical—they were statements of faith.

But if it’s true that our beliefs really do become our reality, then there’s no better example of a life fully realised than the one of Hunter S. Thompson. Let his perspective inspire you:
You ask advice: ah, what a very human and very dangerous thing to do! For to give advice to a man who asks what to do with his life implies something very close to egomania. To presume to point a man to the right and ultimate goal — to point with a trembling finger in the RIGHT direction is something only a fool would take upon himself.

I am not a fool, but I respect your sincerity in asking my advice. I ask you though, in listening to what I say, to remember that all advice can only be a product of the man who gives it. What is truth to one may be disaster to another. I do not see life through your eyes, nor you through mine. If I were to attempt to give you specific advice, it would be too much like the blind leading the blind............................

http://yourfriendshouse.com/uncategoris ... r-purpose/
#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 » Sat Jun 13, 2015 2:30 am

46 years old.

Let’s assume that you think you have a choice of eight paths to follow (all pre-defined paths, of course). And let’s assume that you can’t see any real purpose in any of the eight. THEN — and here is the essence of all I’ve said — you MUST FIND A NINTH PATH.

Naturally, it isn’t as easy as it sounds. You’ve lived a relatively narrow life, a vertical rather than a horizontal existence. So it isn’t any too difficult to understand why you seem to feel the way you do.

But a man who procrastinates in his CHOOSING will inevitably have his choice made for him by circumstance.
#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 » Sat Jun 13, 2015 2:46 am

Trading
Space
0's

#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 » Sat Jun 13, 2015 5:19 am

My motivation board for the kids.
I picked first. :-)
I Am.

_20150613_001710.JPG
_20150613_001710.JPG (152.65 KiB) Viewed 301 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jun 13, 2015 5:52 am

This is what I would consider acceptable space management considering the news spike lower.
Must be prepared for anything. Nobody knows what will happen next.

The way I managed my space this past week was unacceptable.

Perfectly_acceptable.png
Perfectly_acceptable.png (63.4 KiB) Viewed 308 times


lowest box should say entry with 100+ pips space,
Then 2nd entry brings space up to just below low extreme>
#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 » Sat Jun 13, 2015 6:26 am

Hindsight Space management:

lesslikelyoption.png
lesslikelyoption.png (54.24 KiB) Viewed 306 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 » Sat Jun 13, 2015 6:58 am

ShortMetalsDec2012.png
ShortMetalsDec2012.png (84.5 KiB) Viewed 371 times


2012MOShorting.png
2012MOShorting.png (39.75 KiB) Viewed 371 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 » Sat Jun 13, 2015 6:20 pm

Been thinking about balls of steel. (No homo)

I will go with 2% risk this round.
IF I have trouble upping lot size in an aggressive enough manner
THEN I will drop to 1% risk on subsequent sequences.

Without maximal lot sizes using risk side of ledger EVERYTHING is a mute point.
There isn't one.

2% loss causes me great laughter, tiss true.
1% loss will be like trading demo.
Which means only pride could stand in the way of 0's.
#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 » Sat Jun 13, 2015 6:30 pm

[/quote="MightyOne"]

1) It just so happens that your space is in range of the extreme.
2) You were late to the party but got filled for a nice initial unit size that, when reverts to min., moves your position to the extreme.
3) You couldn't be more late to the party: price made the extreme 2 bars ago, the last bar closed lower than 'something' and now price is range bound. Your play here is to liquidate near the extremes of the range and reenter for larger and larger lot sizes, for the same lvl of risk, until you can revert to min. size & a position at the extreme.

If you don't know what to do then do something short term.
If your short term trades don't work out then do something medium term before placing another short term trade.

Form ideas that you can use to take action.

Let space tell you what you CAN do.

Just do it.

:wink:[/quote]

What He said∆∆∆∆
#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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