ProchargedMopar's Trading Trilogy

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prochargedmopar
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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
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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 » 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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prochargedmopar
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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 153 times


Even better news:
NU has gone lower

_20150617_092115.JPG
_20150617_092115.JPG (184.97 KiB) Viewed 153 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 2:26 pm

MightyOne wrote:
Check out this link

What you can’t afford to do is throw away your capital on suboptimal trades."-- Richard Dennis


M.O.
Will you please define trade.
#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 2:34 pm

Martingale can work. In a strict range bound market, it can work well but one breakout out of the range against your positions will wipe you out in due time. The second scenario is if the trader has unlimited capital.

Can You Maximize Profits By Adding To Losses?

Adding to your losses is a harmful strategy that can work in the short-term but has a very poor long-term track record. If your trade is losing, the most likely scenario is that your analysis was off or your timing was off but either way, it’s costing you money to stay in the trade and the best move is to exit the trade until the waters calm and you can make sense of the overall landscape.
#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 2:38 pm

Can you believe I woke up to my position being stopped out and did NOT go into the market @$2 or $4 a pip to "scalp" the $ back?


Hahahahahah.
You dont understand.
My losses now
CAUSE ME GREAT LAUGHTER.

:lol:
#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 2:41 pm

prochargedmopar wrote: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


This analysis is still valid.
#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 3:14 pm

prochargedmopar wrote:...
M.O.
Will you please define trade.


Keeping in mind that that is a quote from Richard Dennis and that he has his own definitions I will answer your question.

A trade is the completion of an idea or the total destruction of space.

you don't have to agree with everything, eat what is good and spit out the bones -Joseph Prince

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 3:17 pm

MightyOne wrote:
prochargedmopar wrote:...
M.O.
Will you please define trade.


Keeping in mind that that is a quote from Richard Dennis and that he has his own definitions I will answer your question.

A trade is the completion of an idea or the total destruction of space.

you don't have to agree with everything, eat what is good and spit out the bones -Joseph Prince


DAMN,

I thought I had ya!!!!
:shock:
Good answer.
#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 » Wed Jun 17, 2015 3:26 pm

prochargedmopar wrote:Can you believe I woke up to my position being stopped out and did NOT go into the market @$2 or $4 a pip to "scalp" the $ back?


Hahahahahah.
You dont understand.
My losses now
CAUSE ME GREAT LAUGHTER.

:lol:


You are maturing quickly 8)


Getting crushed doesn't stop you from trying to go long, it just stops you from holding long :lol:

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