ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6017
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 467
Location: Granbury, TX
Gender: Male
Contact:

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1752
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 225
Gender: Male

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!

User avatar
TygerKrane
rank: 1000+ posts
rank: 1000+ posts
Posts: 1650
Joined: Mon Jan 25, 2010 3:36 pm
Reputation: 247
Location: Long Island, NY
Gender: Male

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.<!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6017
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 467
Location: Granbury, TX
Gender: Male
Contact:

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 220 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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1752
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 225
Gender: Male

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!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1752
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 225
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Fri Aug 28, 2015 5:22 pm

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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6017
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 467
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Aug 28, 2015 6:06 pm

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
Screenshot_2015-08-28-12-58-21.png (162.15 KiB) Viewed 206 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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1752
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 225
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Fri Aug 28, 2015 6:15 pm

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 14
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Fri Aug 28, 2015 6:46 pm

aliassmith wrote:
prochargedmopar wrote: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.


Do you have any idea how hard it is to add zeros without accumulation? :lol: :lol: :lol:

Alias is right that low initial risk and small 20% targets is the surest path to success; I was heading down
that path myself as I realised that it was the loss of time, due to evaporated gains, that was slowing me
down. Maintaining your speed is more important than the size of the target.

I see people who barely know what they are doing make more than 20% (they accumulate!)
Blind luck? It doesn't matter how you get there!

All they have to do is revert to a small initial size, protecting what they have made, and target another 20%.

There are 52 weeks in a year and only 12 targets...
...there are 12 months in a year and only 12 targets

The smaller your initial risk the more likely it is that you will succeed:

If you make 20% and you revert to a risk space of 0.08% then it would take 250 trades to give it all back...
...1 of 250 trades must add 20% to your account.

More risk is more risk, more profit is more profit.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1752
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 225
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Fri Aug 28, 2015 7:05 pm

MightyOne wrote:
aliassmith wrote:
prochargedmopar wrote: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.


Do you have any idea how hard it is to add zeros without accumulation? :lol: :lol: :lol:

Alias is right that low initial risk and small 20% targets is the surest path to success; I was heading down
that path myself as I realised that it was the loss of time, due to evaporated gains, that was slowing me
down. Maintaining your speed is more important than the size of the target.

I see people who barely know what they are doing make more than 20% (they accumulate!)
Blind luck? It doesn't matter how you get there!

All they have to do is revert to a small initial size, protecting what they have made, and target another 20%.

There are 52 weeks in a year and only 12 targets...
...there are 12 months in a year and only 12 targets

The smaller your initial risk the more likely it is that you will succeed:

If you make 20% and you revert to a risk space of 0.08% then it would take 250 trades to give it all back...
...1 of 250 trades must add 20% to your account.

More risk is more risk, more profit is more profit.


Yes sir that was my conclusion. Bigger targets can cause a big
loss of time. Having targets in the 20% to 26% range
helps retain your effort. An initial risk of .5% to 1% was a good enough starting point also.

Small risk plus accumulation is key in my opinion. I'm sure
I'll discuss it more in my thread.

I believe at the new risk level it would take 20ish trades to
give it back.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”