ProchargedMopar's Trading Trilogy

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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jan 09, 2016 4:33 am

prochargedmopar wrote:What to do with 500 million?


It is at $800,000,000 and it will probably hit a "B" by tomorrow. :shock:

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 5:07 am

MightyOne wrote:
prochargedmopar wrote:One reason I fear large lot sizes.
Look what 5 cents per pip can do.

[atta


& how many 2 day extremes did price have to murder to get there? :lol:

Risk is normalized, it is the same at $0.05/pip as it is at: $0.50, $5, $50, & $500/pip.

Double your size & halve your space, risk is the same.

$5 over 40 pips = $10 over 20 = $20 over 10 = $40 over 5 = $80 over 2.5 = $100 over 2 = $200 over 1.
"But I can't get my risk box down to 1 pip!"
You can with OPM!

You should be more afraid of small lot sizes as that is what is going to hold you back for the next 7 years.


Can we please stop @these?
It's a murderous task to perform. :lol:

Murderous.jpg
Murderous.jpg (177.54 KiB) Viewed 362 times
Last edited by prochargedmopar on Sat Jan 09, 2016 5:20 am, edited 2 times 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

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 5:09 am

Looking back at the above post I so EASILY omitted the most important 2 day extreme of all..........The candle just to the right of my entry blew through it like butter.


Oh Krumpa!!!
#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 » Sat Jan 09, 2016 10:08 am

MightyOne wrote:
prochargedmopar wrote:What to do with 500 million?


It is at $800,000,000 and it will probably hit a "B" by tomorrow. :shock:


Thats exactly what my Dad said.
Also said he is fine with winning ?Mega millions? which is 169m atm.
Guess he is a gambler.

5/40=.125, 5/20-.25, 5/10-.50, 5/5-1.0, 5/1-5.0
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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 TygerKrane » Sat Jan 09, 2016 1:53 pm

MightyOne wrote:$5 over 40 pips = $10 over 20 = $20 over 10 = $40 over 5 = $80 over 2.5 = $100 over 2 = $200 over 1


prochargedmopar wrote:5/40=.125 perpip, 5/20=.25 perpip, 5/10=.50 perpip, 5/5=1.0 perpip, 5/1=5.0 perpip


For whatever reason, what I thought when I read MightyOne's post was:

$5 perpip over 40 pips
=
$10 perpip over 20 pips
=
$20 perpip over 10 pips
=
$40 perpip over 5 pips
=
$80 perpip over 2.5 pips
=
$100 perpip over 2 pips
=
$200 perpip over 1 pip

:idea:

**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 » Sat Jan 09, 2016 2:51 pm

TygerKrane wrote:
MightyOne wrote:$5 over 40 pips = $10 over 20 = $20 over 10 = $40 over 5 = $80 over 2.5 = $100 over 2 = $200 over 1


For whatever reason, what I thought when I read MightyOne's post was:

$5 perpip over 40 pips
=
$10 perpip over 20 pips
=
$20 perpip over 10 pips
=
$40 perpip over 5 pips
=
$80 perpip over 2.5 pips
=
$100 perpip over 2 pips
=
$200 perpip over 1 pip

:idea:


Me too. I would assume as you accumulate OPM each pip becomes worth the above said value.

A 50 pip rocket blast would then be worth our time.
$200x50-$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

dchappy
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Re: ProchargedMopar's Trading Trilogy

Postby dchappy » Sat Jan 09, 2016 3:11 pm

prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jan 09, 2016 6:04 pm

TygerKrane wrote:

For whatever reason, what I thought when I read MightyOne's post was:

$5 perpip over 40 pips
=
$10 perpip over 20 pips
=
$20 perpip over 10 pips
=
$40 perpip over 5 pips
=
$80 perpip over 2.5 pips
=
$100 perpip over 2 pips
=
$200 perpip over 1 pip

:idea:


Maybe you just know my style by now, because that is what I meant to say :lol:

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 6:08 pm

dchappy wrote:
prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.


link page not found.

But I can answer your question.

Taking a BIG or BiG losses.
#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 » Sat Jan 09, 2016 6:59 pm

dchappy wrote:
prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.


That link is not working for me dchappy (page not found).

I do something similar through doubling.

Risk box starts at 40 pips (say $40)
1 double: rb is 20 ($2 * 20)
2 doubles: rb is 10 ($4 * 10)
3 doubles: rb is 5 ($8 * 5)

All of my gains/losses are recorded in "big pips" ($8/pip, target size).

0 doubles: 0.125 "big pips"/pip
1 double: 0.25 "big pips"/pip
2 doubles: 0.50 "big pips"/pip
3 doubles: 1 "big pip"/pip

The question is the same: how easily can your target size wipe out previous losses and show a profit?

Some people think that they can afford to lose hundreds of pips because they are using a small size :lol:
If I lose 400 pips, at my smallest size, where each pip is 0.125 "big pips", then that is -50 "Big Pips"!
Do the math, you can't afford multiple multi-hundred pip losses at any size; you will spend all of your time
trying to break even.

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