ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Jun 15, 2015 9:01 pm

Ok.
So, 2.5% risk per extreme.

With effectively 0 risk as compared to % gain.
Last edited by prochargedmopar on Mon Jun 15, 2015 9:42 pm, edited 1 time in total.
#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 » Mon Jun 15, 2015 9:28 pm

MightyOne wrote:
An entry is simply the entanglement of size and space.

I talk about entering 'within' space, but there is no such thing as to enter within space is to
use a smaller space.

Anything that is done to size will alter space & anything that is done to space
will alter size, assuming that it is ones intent to normalize risk.

There no such thing as 'adding' as each addition creates a new position.


Lets work through the problem again...

We hit our target of +39% with 25:1 or more leverage, but how did we get here without blowing up?
we:
1. preserve capital by risking ~0.002 to 0.025% per pip (initial risk = max risk)
2. accumulate size in cycles.
3. re-position at an extreme & create only enough space to encapsulate the current price.
or to dampen account volatility when things get crazy.
4. focus on steadily increasing lot size over all else
5. are simply in the market with size when the large chart decides to move.

-2% turns into -10%
-1% turns into -5%
-.5% turns into -2.5%
More risk just leads to more risk, but every risk amount leads to zeros.



To all ye who trade.

Print this shitt out.
Put it in my wallet.
Post it on my pc.
Set it on my nightstand.
Stick it on my dash.
Staple it to my forehead.
Last edited by prochargedmopar on Tue Jun 16, 2015 4:10 pm, edited 1 time in total.
#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 1:25 am

Im now positioned from .6890.

Its Die (2%) or Do.

_20150615_202426.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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Re: ProchargedMopar's Trading Trilogy

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

No look AJ scalp.
In n out.

_20150615_205323.JPG
_20150615_205323.JPG (140.09 KiB) Viewed 176 times


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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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!
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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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