ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 16, 2015 1:55 am

No look AJ scalp.
In n out.

_20150615_205323.JPG
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Pip rich, dollar poor.
#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 16, 2015 4:09 am

-2% plus the $5 accumulation puts my stop @.6933
With this many units.

Screenshot_2015-06-15-23-07-46.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 » Tue Jun 16, 2015 2:39 pm

Think about this.

Look how long it can take a 30sec chart to turn/change directions.

Daily reversals?
Thats a looooooong time we are given to get to max lot size.

Screenshot_2015-06-16-09-34-26.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 » Tue Jun 16, 2015 3:42 pm

This is what I see, next 00 coming up.

I will have to start another position from just below there
as my current position will be taken out -2%.

Next00comingup.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 MightyOne » Tue Jun 16, 2015 3:54 pm

Instead of a flat x% I will risk x% per pip so that my space can be of any size.

$400+ accounts: 0.025%, 8x smaller than 2% over 10 pips
$1000+ accounts: 0.01%, 20x smaller
$5000+ accounts: 0.004%, 50x smaller
$10000+ accounts: 0.002%, 100x smaller.

The #1 rule to making money is that you do not lose it; the closer that you can get to risk free the better.

...but I don't trade for pennies!


Yes you do :lol:

But just as $0.02 doubled every day for 26 days is a large number, so are your pennies multiplied over a period of
time to a large number; $0.20/pip doubled once per day for 14 days becomes $3276/pip.

When I set a weekly loss limit of 0.5% it looks like this:
(0.5% / 0.002) / 50 space = 5 trades.
Yours might look like this:
(5% / 0.025) / 40 space = 5 trades...
& by 'trades' i mean the total destruction of 'space' (DoS Attack? lol)

Now you can see how when I lose 35 pips at 0.002%/pip, for a loss of 0.07%, I bust out :lol: and move on to the next trade; at this risk level, +39% is lost in hundreds of trades! Losing my money becomes a full time job :roll:

When your initial size is small then you can take big gambles because there is 'nothing' to lose and everything to accumulate.
But when your size becomes very large then you need to sober up and move with the larger charts.

Hopefully you can finally see that Space Wars is not pips, it is about conquest.
Last edited by MightyOne on Tue Jun 16, 2015 3:59 pm, edited 2 times in total.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 16, 2015 3:55 pm

This crap can be twisted any way you like,
Roses and buttercups floating around everywhere.

FACT is.
I take a risk and I am willing to lose the whole *censored - swear word* thing.

I set my hard stop and gladly watch it get taken out. Next.

When I move my stop closer by ADDing lot size,
I'm 100% willing to watch it go poof too.

This is a new paradigm for me,
I've NEVER felt this way while trading before.
#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 16, 2015 3:58 pm

MightyOne wrote:Instead of a flat x% I will risk x% per pip so that my space can be of any size.

$400+ accounts: 0.025%, 8x smaller than 2% over 10 pips
$1000+ accounts: 0.01%, 20x smaller
$5000+ accounts: 0.004%, 50x smaller
$10000+ accounts: 0.002%, 100x smaller.

The #1 rule to making money is that you do not lose it; the closer that you can get to risk free the better.

...but I don't trade for pennies!


Yes you do :lol:

But just as $0.02 doubled every day for 26 days is a large number, so are your pennies multiplied over a period of
time to a large number; $0.20/pip doubled once per day for 14 days becomes $3276/pip.

When I set a weekly loss limit of 0.5% then it looks like this:
(0.5% / 0.002) / 50 space = 5 trades.
Yours might look like this:
(5% / 0.025) / 40 space = 5 trades...
& by 'trades' i mean the total destruction of 'space' (DoS Attack? lol)

Now you can see how when I lose 35 pips at 0.002%/pip, for a loss of 0.07%, I bust out :lol: and move on to the next trade; at this risk level, +39% is lost in hundreds of trades! Losing my money becomes a full time job :roll:

When your initial size is small then you can take big gambles because there is 'nothing' to lose and everything to accumulate.
But when your size becomes very large then you need to sober up and move with the larger charts.

Hopefully you can finally see that Space Wars is not pips, it is about conquest.


Ok, Ok, yes, I do trade pennies. LOL
I need to ponder this today, I just can't see how such little itty bitty can become so friggn big.
And yes, with the risk your taking. Losses are a Joke on the market.
#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 16, 2015 4:22 pm

MightyOne wrote:Instead of a flat x% I will risk x% per pip so that my space can be of any size.

$400+ accounts: 0.025%, 8x smaller than 2% over 10 pips
$1000+ accounts: 0.01%, 20x smaller
$5000+ accounts: 0.004%, 50x smaller
$10000+ accounts: 0.002%, 100x smaller.

The #1 rule to making money is that you do not lose it; the closer that you can get to risk free the better.

Yours might look like this:
(5% / 0.025) / 40 space = 5 trades...
& by 'trades' i mean the total destruction of 'space' (DoS Attack? lol)



So basically we are breaking down the weekly total risk into 5 trades using 40 pip stops on each.
Continue reducing space add nauseum as the market moves in our favor.

I don't like that, feels too much like trading for pips to me.
I want a POSITION/SL set and then work from that point upward with my total of what I'm willing to risk.
#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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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Jun 16, 2015 6:48 pm

prochargedmopar wrote:

So basically we are breaking down the weekly total risk into 5 trades using 40 pip stops on each.
Continue reducing space add nauseum as the market moves in our favor.

I don't like that, feels too much like trading for pips to me.
I want a POSITION/SL set and then work from that point upward with my total of what I'm willing to risk.


It is just further illumination.
No one will force you into the light :lol:

But just as $0.02 doubled every day for 26 days is a large number, so are your pennies multiplied over a period of
time to a large number; $0.20/pip doubled once per day for 14 days becomes $3276/pip.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 16, 2015 9:35 pm

Someone likes selling usd @50

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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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