ProchargedMopar's Trading Trilogy

[aliassmith]

There are no shortcuts. You can’t copy what somebody else does. You need to engage in the development process yourself. You need a development plan, from which evolves a trading plan. Almost everyone does it backwards, at first. The sooner you switch, the sooner you will be on a progressive road. One of the biggest deceptions in the industry is the preaching of the “trading plan” as though it’s something you pick up off the internet and start trading. A trading plan does not come out of thin air. A trading plan cannot be copied. A trading plan is a slowly evolving structure that is a byproduct of a clearly defined development plan that is in forward process.

http://www.chrislori.com/Blog/August-20 ... s-Thinking

I hate it when people say "you need" and "you can't".

If you manage your money wisely & go for big wins here and there then it really doesn't matter what you do.

Whats a big win? Does it have to be over 100% or does
this count?

[MightyOne]

Whats a big win? Does it have to be over 100% or does
this count?

A "big win" is like a printing press, money is solving problems faster than problems can be created

[aliassmith]

Whats a big win? Does it have to be over 100% or does
this count?

A "big win" is like a printing press, money is solving problems faster than problems can be created

I prefer "mini goals" of about 20ish percent then reset
my OPM. Having about 5% then geting 18% does the job.

[prochargedmopar]

Just looked @ my activity log from last couple weeks.

$31 worth of space gained using 5 to 10 cent micro pip value.

$10 risk + $31 accumulated gives me 41 macro pips to work with.
Or 4x base lot value @10 mp space.
Or?

[aliassmith]

Just looked @ my activity log from last couple weeks.

$31 worth of space gained using 5 to 10 cent micro pip value.

$10 risk + $31 accumulated gives me 41 macro pips to work with.
Or 4x base lot value @10 mp space.
Or?

With about 7% OPM there are many ways to use it for sure. I
wouldn't count your initial risk in your space at this point since
you risk over 2% to start. I think its best to use "house money"
at this point. No risk trading to whatever your %target is.

[prochargedmopar]

If price cannot go lower than something
Must not be going lower.

_20150806_124208.JPG (101.17 KiB) Viewed 1841 times

[prochargedmopar]

Just looked @ my activity log from last couple weeks.

$31 worth of space gained using 5 to 10 cent micro pip value.

$10 risk + $31 accumulated gives me 41 macro pips to work with.
Or 4x base lot value @10 mp space.
Or?

With about 7% OPM there are many ways to use it for sure. I
wouldn't count your initial risk in your space at this point since
you risk over 2% to start. I think its best to use "house money"
at this point. No risk trading to whatever your %target is.

What ever I am risking, I am risking. M.O.

If I am willing to risk $10 to make $100 which is equal to 20%,
Then that is what Im risking.

Price action be damned. LOL

[prochargedmopar]

M.O said that someone told him I can lose 80% of my net worth and then have it all back + some in a year.

If Im willing to pay $10 (risk) for a new Dodge challenger ($37k)
Then that is what I'm willing to pay dammit.
Not a penny more.
Heheheh

If Im willing to pay $10 for a new Bass boat, which I am not,
Then I will not risk $10 for it.
Period.

Everything in my world is based on $10 whether I have $100 or $1000 account.

@$10k it will be $100
@$100k it will be $100
@$1mil it will be $100

For any item or activity I decide to add to my world.

[prochargedmopar]

M.O said that someone told him I can lose 80% of my net worth and then have it all back + some in a year.

If Im willing to pay $10 (risk) for a new Dodge challenger ($37k)
Then that is what I'm willing to pay dammit.
Not a penny more.
Heheheh

If Im willing to pay $10 for a new Bass boat, which I am not,
Then I will not risk $10 for it.
Period.

Everything in my world is based on $10 whether I have $100 or $1000 account.

@$10k it will be $100
@$100k it will be $100
@$1mil it will be $100

For any item or activity I decide to add to my world.

What I am saying is that once I have an account reach $10k,
I will never risk more than $100 to get to my GOAL % increase OR total I require for a given purchase.

[prochargedmopar]

Boy,
The stuff that comes to my inbox.
Hahhaa

_20150806_134101.JPG (163.48 KiB) Viewed 1873 times