ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 16, 2015 9:41 pm

Once I turn my first $500 acct into $5000
Im wondering if the powers that be will allow me to do it over and over and over PUBLICALY until I die. (Hopefully 40+ yrs.)

For some reason a few here have actually "succeeded" but then they disappear.

What gives?
What is the truth?
What obstacles stand in the way from such a task?

$500 to $5k reset
$500 to $5k reset
Etc.
Will there be too many copy cats?
Will there not be enough $$ for all the followers to get filled?
Hmmmmmmm
#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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aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Tue Jun 16, 2015 11:49 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% 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.


You say to double a $0.20/pip. When would you do that, When you accum. 35 pips or 50 pips?
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jun 16, 2015 11:58 pm

_20150616_185823.JPG
_20150616_185823.JPG (255.61 KiB) Viewed 198 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 » Wed Jun 17, 2015 12:02 am

aliassmith wrote:
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% 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.


You say to double a $0.20/pip. When would you do that, When you accum. 35 pips or 50 pips?


No pips,
No entry.
ONLY position.

When you have accumulated enough to allow it
AND when current price dictates the pip value CAN be doubled.
#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 17, 2015 1:15 am

MightyOne wrote:
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.



It is not about pips. Truth
It is not about entries. Truth
When initial size is small big gambles can be taken. Truth

So too.
There is no need to sober up when the lot size gets BIG.
Truth.
There is NOTHING @risk.
Margin capital is not in the picture.

Lets maintain a level head here and keep things in proper perspective.
No need to revert back to "reality" just because our lot size goes up.

Play by the Space Wars rules. ;-)
#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 17, 2015 1:52 am

Holy smokes,
No wonder NU so weak against the $.
Yikes

Screenshot_2015-06-16-20-51-14.png
Screenshot_2015-06-16-20-51-14.png (191.27 KiB) Viewed 189 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 » Wed Jun 17, 2015 3:46 am

That F n Prick.
Oh well, Im "positioned" 60 pips lower.
Eat that AJ.

Screenshot_2015-06-16-22-44-46.png
Screenshot_2015-06-16-22-44-46.png (124 KiB) Viewed 183 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 » Wed Jun 17, 2015 3:53 am

Focus Son.
Its about positions, accumulating, and Lot sizes.

So this means with all that green right there I have both a good position AND the ability to increase lot size on a whim.

Screenshot_2015-06-16-22-53-03.png
Screenshot_2015-06-16-22-53-03.png (163.1 KiB) Viewed 183 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 MightyOne » Wed Jun 17, 2015 7:07 am

You say to double a $0.20/pip. When would you do that, When you accum. 35 pips or 50 pips?


If you feel comfortable with a stop that is closer to the current price then increase your pip value and normalize risk.

At a minimum you should increase your pip value by 50% prior to taking profit & then re-enter with your last lot size
and complete the cycle.

You do it like this:
$0.20 ---> $0.40 ---> $0.60 ---> $1.20 ---> $1.80
or this:
$0.20 ---> $0.30 ---> $0.60 ---> $0.90 ---> $1.80
So that you can do this:
$0.20
$0.60
$1.80
$5.40
$16.20
$48.60
$145.80/pip

Check out this link

"You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades."-- Richard Dennis

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 2:22 pm

The good news;
My 2nd level AJ entry took profit which makes the first entry a mute point.

_20150617_091807.JPG
_20150617_091807.JPG (139.81 KiB) Viewed 131 times


Even better news:
NU has gone lower

_20150617_092115.JPG
_20150617_092115.JPG (184.97 KiB) Viewed 131 times


Another 2% gone on that account.
NEXT
#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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