Possible 1st trade setting up.
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
#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
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:Possible 1st trade setting up.
TradeIdea.png
It's only risking 25% but you only make 75%.
That stinks.
#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
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Re: ProchargedMopar's Trading Trilogy
Gotta love this reply:
#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
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Re: ProchargedMopar's Trading Trilogy
Oh man, I remember this:
#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
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Re: ProchargedMopar's Trading Trilogy
From 7.5 yrs ago.
Now I am paying someone to show me how to trade Zlines.
Crazy. Unbelievable.
WTF am I still doing working every day to buy food????
Nuts.
Now I am paying someone to show me how to trade Zlines.
Crazy. Unbelievable.
WTF am I still doing working every day to buy food????
Nuts.
#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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- TheRumpledOne
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:Gotta love this reply:
LoveThis.png
The 5,000 - 10,000 hour is a bunch of BS.
A gimmick to sell books, tapes, seminars, etc...
Sounds good but not real.
Learn fast:
http://www.kevinhabits.com/disss-and-ca ... any-topic/
http://sebastianmarshall.com/community/110017
Here's the one page (8 1/2 x 11) for trading:
ALL YOU NEED TO KNOW ABOUT TRADING
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
You cannot control the probabilities of wining or losing.
You cannot control your average win size.
The only part of the equation that you can control is your average loss size.
PRICE ACTION
“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame .
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
You cannot reduce it any further. Anything else complicates the issue.
ENTERING A TRADE
You either decide to:
1) Wait and do not enter a trade
2) Trade a breakout
3) Trade a reversal.
Those are your ONLY 3 options.
That is all you need to know about trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: ProchargedMopar's Trading Trilogy
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Finch keeps banking profits, up $54.xx so far but that AN drawdown is a killer.
2nd trade size too large AND too close to first entry.
Ive adjusted robot settings as of last week.
2nd trade size too large AND too close to first entry.
Ive adjusted robot settings as of last week.
#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
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Re: ProchargedMopar's Trading Trilogy
Still waiting on NU buy to set up.
Nearer to 70.00 I'd assume.
Nearer to 70.00 I'd assume.
#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
BDP/WDL
#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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