ProchargedMopar's Trading Trilogy

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aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Thu Aug 06, 2015 4:12 pm

prochargedmopar wrote: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.
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 06, 2015 5:44 pm

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

_20150806_124208.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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 06, 2015 5:50 pm

aliassmith wrote:
prochargedmopar wrote: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
;-)
Last edited by prochargedmopar on Thu Aug 06, 2015 6:19 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 06, 2015 6:18 pm

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.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 06, 2015 6:27 pm

prochargedmopar wrote: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.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 06, 2015 6:42 pm

Boy,
The stuff that comes to my inbox.
Hahhaa

_20150806_134101.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

aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Thu Aug 06, 2015 9:52 pm

prochargedmopar wrote:
prochargedmopar wrote: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.


Why risk your money when you don't need to? Once I
have "free money" why should I risk my own!
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby TheRumpledOne » Thu Aug 06, 2015 10:52 pm

aliassmith wrote:Why risk your money when you don't need to? Once I
have "free money" why should I risk my own!


Once you get it, it is YOUR MONEY.... not free money or house money... it is YOUR MONEY.

This is a mistake that many people make.


"Ah the fallacy of house money. No such thing. If you have it, or can cash it out, it's YOUR money. If you would like to assign a different risk tolerance to these "winnings" than your initial outlay, go for it. However, most people assign a irrational risk tolerance to "winnings" compared to, say, money received via gift."

" Fallacy is such an abused word but it refers to arguments that use poor reasoning and valuing money differently because you won it or because you were given it absolutely is."
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Thu Aug 06, 2015 11:31 pm

TheRumpledOne wrote:
aliassmith wrote:Why risk your money when you don't need to? Once I
have "free money" why should I risk my own!


Once you get it, it is YOUR MONEY.... not free money or house money... it is YOUR MONEY.

This is a mistake that many people make.


"Ah the fallacy of house money. No such thing. If you have it, or can cash it out, it's YOUR money. If you would like to assign a different risk tolerance to these "winnings" than your initial outlay, go for it. However, most people assign a irrational risk tolerance to "winnings" compared to, say, money received via gift."

" Fallacy is such an abused word but it refers to arguments that use poor reasoning and valuing money differently because you won it or because you were given it absolutely is."


I respectfully disagree. I value my bankroll more than my
winnings. I prefer to use less leverage and take less risk
with my bankroll. I'll use higher leverage and take more
risk with OPM. It works for me.
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Aug 07, 2015 1:55 am

They are reaching.

Now M.O. gonna show me something about weekly range??????

Screenshot_2015-08-06-20-54-38.png
Screenshot_2015-08-06-20-54-38.png (140.8 KiB) Viewed 193 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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