ProchargedMopar's Trading Trilogy

[prochargedmopar]

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.

[aliassmith]

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.

[prochargedmopar]

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.

[aliassmith]

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.

[TygerKrane]

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?

[prochargedmopar]

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 (24.43 KiB) Viewed 1910 times

[aliassmith]

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.

[aliassmith]

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

Ok PRO make $25,000 with your $250 using that logic
and I'll admit I am wrong. I'm willing to learn a new perspective.

[prochargedmopar]

Ok.
But $47k,
New Dodge Challenger

Even adding to a loss CAN work if lot size is kept proportional.
The last 5 trades have netted much more than my current loser.

Screenshot_2015-08-28-12-58-21.png (162.15 KiB) Viewed 1896 times

[aliassmith]

Ok.
But $47k,
New Dodge Challenger

Even adding to a loss CAN work if lot size is kept proportional.
The last 5 trades have netted much more than my current loser.

Screenshot_2015-08-28-12-58-21.png

Haha I didn't really look at your unit size. You must of
done some real inner bone head $hit to lose 50%.