free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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

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 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

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!

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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!

MightyOne
rank: 5000+ posts
Posts: 5875
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1329
Gender:

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

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.

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

Someone likes selling usd @50

_20150616_163308.JPG (159.46 KiB) Viewed 193 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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!

aliassmith
rank: 1000+ posts
Posts: 1713
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 116
Gender:

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

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 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

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?

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

_20150616_185823.JPG (255.61 KiB) Viewed 215 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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

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 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

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!

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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!

prochargedmopar
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender:
Contact:

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

Screenshot_2015-06-16-20-51-14.png (191.27 KiB) Viewed 206 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!