ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 27, 2015 4:01 pm

aliassmith wrote:
prochargedmopar wrote:Joe Ross once said:

"If I cant make $$ trading reversal bars,
I need to pull all the cash out of my accounts, close them out, and find another occupation.


Did he tell you to lose 600 pips and 50% of your account? Threw that risk control right out the window. #-o. I'm sure
its not a big deal since you'll make +0. Athough its not a
simple task and even more diffcult taking 50% losses.

Risk control should be everyone's #1 rule.


It sucks.
IF
I never added to a loser making millions would be a snap.
IF

Its the 10x to 50x base lot size (when showing a loss)
that kills my accounts.

Without that stupidity Id be free to pick boogers where ever and when ever I so choose.
#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 » Thu Aug 27, 2015 4:03 pm

MightyOne wrote:
aliassmith wrote:
prochargedmopar wrote:Joe Ross once said:

"If I cant make $$ trading reversal bars,
I need to pull all the cash out of my accounts, close them out, and find another occupation.


Did he tell you to lose 600 pips and 50% of your account? Threw that risk control right out the window. #-o. I'm sure
its not a big deal since you'll make +0. Athough its not a
simple task and even more diffcult taking 50% losses.

Risk control should be everyone's #1 rule.


-50% is the same as blowing up your account...

now deposit 12% of your gross income and try again :lol:


Hell no,
Have you not read the parable of the talents?

If I cannot be trusted with $400, what makes you think I can be trusted with $10k?????
#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 » Thu Aug 27, 2015 5:10 pm

prochargedmopar wrote:
Hell no,
Have you not read the parable of the talents?

If I cannot be trusted with $400, what makes you think I can be trusted with $10k?????


Yes I have read the parable, the man who had little did not even try to do the work of his master for
fear that he would fail.

Your problem is different than simply not trying [-X (finger wagging again, lol)
there is something inside of you that doesn't want to succeed; or you would not
keep sabotaging yourself.

There comes a time in a man's life when he must put down the small weights if he
wants to see growth.

Some people just cannot perform until they feel that something significant is at risk.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Aug 27, 2015 6:22 pm

MightyOne wrote: Some people just cannot perform until they feel that something significant is at risk.



Then all I must do is follow the #'s.
1,2,4,8,16,32,64,128,256.

256 is pretty significant compared to say
1, 2, or 4.

;-)

I must stop pussy footing around with the first few #'s.
#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 aliassmith » Thu Aug 27, 2015 9:40 pm

prochargedmopar wrote:
MightyOne wrote: Some people just cannot perform until they feel that something significant is at risk.



Then all I must do is follow the #'s.
1,2,4,8,16,32,64,128,256.

256 is pretty significant compared to say
1, 2, or 4.

;-)

I must stop pussy footing around with the first few #'s.


You think that is the problem? How bout RISK CONTROL? If you limited your risk to 100 pips or 4% of your account, you would not have blown 50%.

Rule #1 control risk
Start small and build some space.
Work with space until % target is reached
OR space is destroyed.
Go back to start small again.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Aug 28, 2015 12:15 am

aliassmith wrote:
prochargedmopar wrote:
MightyOne wrote: Some people just cannot perform until they feel that something significant is at risk.



Then all I must do is follow the #'s.
1,2,4,8,16,32,64,128,256.

256 is pretty significant compared to say
1, 2, or 4.

;-)

I must stop pussy footing around with the first few #'s.


You think that is the problem? How bout RISK CONTROL? If you limited your risk to 100 pips or 4% of your account, you would not have blown 50%.

Rule #1 control risk
.


How bout I never add to a position that is showing a loss.
That prevent a LARGE position at inopportune times.

Problem solved.
#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 aliassmith » Fri Aug 28, 2015 2:34 am

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote: Some people just cannot perform until they feel that something significant is at risk.


Then all I must do is follow the #'s.
1,2,4,8,16,32,64,128,256.

256 is pretty significant compared to say
1, 2, or 4.

;-)

I must stop pussy footing around with the first few #'s.


How bout I never add to a position that is showing a loss.
That prevent a LARGE position at inopportune times.

Problem solved.


I saw you had an order with -600 pips. Adding to a losing
position is not good, but it's not "problem solved" for you.

If you are macro scalping then you should always set your
emergency 100 pips stop loss. Don't risk more than 4% of
your account. Don't risk a lot when you don't have space.

You was doing well with the macro scalping, stay focused
and manage risk. Losing 50% of an account is like a
psychological nuke going off!! Total breakdown.

I tell you this to help. I have tested various things on my
test account and figuring out how to survive the market
comes before making money. The making money is more
likely to happen if you survive.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby TygerKrane » Fri Aug 28, 2015 4:04 pm

aliassmith wrote:
prochargedmopar wrote:Hmmmm,
Thats interesting.

Screenshot_2015-08-26-16-29-53.png


Its a big move but it was still long BDP right before
it happen.

Hey alias!
Are you saying that if you had been trading that pair before that event, you would've been attempting Longs?

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Aug 28, 2015 4:45 pm

Yes, it is problem solved.
If I NEVER added to a loser since 2008 Then making my first million would be a mute point.
Which trading method I used would be a mute point.
Using space would be a mute point.
All you would see here on this thread was $5k to $500k REPEATEDLY.



Say helllooooo,
to my random 00.

HelloTo00.png
HelloTo00.png (24.43 KiB) Viewed 164 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 aliassmith » Fri Aug 28, 2015 5:11 pm

TygerKrane wrote:
aliassmith wrote:
prochargedmopar wrote:Hmmmm,
Thats interesting.

Screenshot_2015-08-26-16-29-53.png


Its a big move but it was still long BDP right before
it happen.

Hey alias!
Are you saying that if you had been trading that pair before that event, you would've been attempting Longs?


From that chart right before that big candle I would have
been looking for a long.
Trade Your Way as Long as It Makes Money!

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