ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 13, 2015 10:08 pm

dchappy wrote:
prochargedmopar wrote:
If I didn't know better I would think that you simply did not care about being profitable...


Your right, I care about being profitable.
Lets be honest here though.
My actions show me that I want even more badly not to lose.
Maybe its not to be wrong?

Not necessarily to be right, thats not a big deal.
Losing is a kicker.

Im really not sure what to do, how to trade, or how to change my mindset.
A real PITA.

When scalping ( 1-5 min chart ) I will cover @ -8, -10 ,every time . When swinging/ day trading (15 + min chart ) . I will give a loser 20-30 pips then enter a hedge . A hedge puts the trade on " pause " and allows some time for the market to show it's hand .I can hold the trade for several mins or weeks and never experience " draw-down " . When a direction is obvious I can remove the losing trade and be in good shape . Dragon once said that he had over 200 winners in a row . I suspect that he was hedging .....Some one will say that hedging is just a " mind game " ..but isn't that what trading is all about ? . Of course you have to find a broker that allows it ....there are a few still around .......Take care ......Pro .. :smt023


That is what Dr. Savareman always did. 30 pip hedge, then wait for next session far another setup. Maybe even the one after that.
I dont see a need for such a trading plan.
#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 » Tue Oct 13, 2015 10:20 pm

SL hit

tmp_32213-Screenshot_2015-10-13-17-19-361805682525.png
tmp_32213-Screenshot_2015-10-13-17-19-361805682525.png (236.57 KiB) Viewed 287 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

dchappy
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Re: ProchargedMopar's Trading Trilogy

Postby dchappy » Tue Oct 13, 2015 11:23 pm

prochargedmopar wrote:
dchappy wrote:
prochargedmopar wrote:
Your right, I care about being profitable.
Lets be honest here though.
My actions show me that I want even more badly not to lose.
Maybe its not to be wrong?

Not necessarily to be right, thats not a big deal.
Losing is a kicker.

Im really not sure what to do, how to trade, or how to change my mindset.
A real PITA.

When scalping ( 1-5 min chart ) I will cover @ -8, -10 ,every time . When swinging/ day trading (15 + min chart ) . I will give a loser 20-30 pips then enter a hedge . A hedge puts the trade on " pause " and allows some time for the market to show it's hand .I can hold the trade for several mins or weeks and never experience " draw-down " . When a direction is obvious I can remove the losing trade and be in good shape . Dragon once said that he had over 200 winners in a row . I suspect that he was hedging .....Some one will say that hedging is just a " mind game " ..but isn't that what trading is all about ? . Of course you have to find a broker that allows it ....there are a few still around .......Take care ......Pro .. :smt023[/q
That is what Dr. Savareman always did. 30 pip hedge, then wait for next session far another setup. Maybe even the one after that.
I dont see a need for such a trading plan.
. Well, at least with a hedged trade you will never be " wrong " :wink:

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 14, 2015 2:50 am

dchappy wrote: Well, at least with a hedged trade you will never be " wrong " :wink:


Your right about that.
I just dont see the need.
Trading is simple when right action is taken.
I see profit.
#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 » Wed Oct 14, 2015 5:01 am

For dchappy,

tmp_30131-_20151014_000044-858284779.JPG
tmp_30131-_20151014_000044-858284779.JPG (195.3 KiB) Viewed 262 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 prochargedmopar » Wed Oct 14, 2015 1:58 pm

TP hit while sleeping.

tmp_9444-Screenshot_2015-10-14-08-46-10-858284779.png
tmp_9444-Screenshot_2015-10-14-08-46-10-858284779.png (255.12 KiB) Viewed 238 times


tmp_9444-_20151014_085736430110684.JPG
tmp_9444-_20151014_085736430110684.JPG (193.12 KiB) Viewed 238 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 14, 2015 2:15 pm

Beautiful NO logic setups on EN.
How could the market be more clear?

tmp_25295-_20151014_091248-858284779.JPG
tmp_25295-_20151014_091248-858284779.JPG (156.05 KiB) Viewed 235 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 14, 2015 2:39 pm

I am a little upset I did not hold longs on NU from
these 3 locations.
Day chart.

tmp_30145-_20151014_093925430110684.JPG
tmp_30145-_20151014_093925430110684.JPG (120.41 KiB) Viewed 233 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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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Oct 14, 2015 2:58 pm

Every time that I explain that bodies point to profit where as wicks point to loss people look at me like I'm stupid.

I especially love when they say "look at x, y, and z, you would have been destroyed!"

:| My friend, you don't understand,...space is "bendy"

#-o "what are you saying man?"

:lol:

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 14, 2015 4:38 pm

Do I see Loss
Or
Do I see profit?

LossOrProfit.png
LossOrProfit.png (58.71 KiB) Viewed 210 times


The market tells me when I'm wrong.
#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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