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ProchargedMopar's Trading Trilogy
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- prochargedmopar
- rank: 10000+ posts
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- Location: Granbury, TX
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Re: ProchargedMopar's Trading Trilogy
SL hit
#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
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
. Well, at least with a hedged trade you will never be " wrong "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 .. [/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.
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
dchappy wrote: Well, at least with a hedged trade you will never be " wrong "
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
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Re: ProchargedMopar's Trading Trilogy
For dchappy,
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
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Re: ProchargedMopar's Trading Trilogy
TP hit while sleeping.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- prochargedmopar
- rank: 10000+ posts
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- Joined: Sat Dec 20, 2008 6:07 am
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Re: ProchargedMopar's Trading Trilogy
Beautiful NO logic setups on EN.
How could the market be more clear?
How could the market be more clear?
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
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Re: ProchargedMopar's Trading Trilogy
I am a little upset I did not hold longs on NU from
these 3 locations.
Day chart.
these 3 locations.
Day chart.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: ProchargedMopar's Trading Trilogy
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"
"what are you saying man?"
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"
"what are you saying man?"
- prochargedmopar
- rank: 10000+ posts
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Re: ProchargedMopar's Trading Trilogy
Do I see Loss
Or
Do I see profit?
The market tells me when I'm wrong.
Or
Do I see profit?
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
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Re: ProchargedMopar's Trading Trilogy
MightyOne wrote: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"
"what are you saying man?"
Accounts become destroyed by allowing losses to get too big
AND more importantly not making our wins HUGE.
BTW,
The other thing that's "bendy" is my dick after...........................She SQUATS.
Last edited by prochargedmopar on Wed Oct 14, 2015 5:16 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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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