ProchargedMopar's Trading Trilogy

[prochargedmopar]

https://www.facebook.com/procharged.mop ... 1355793359

[MightyOne]

Just because you have $5000 in your account does not mean that $5000 is going to [intentionally] be put at risk.

640 of 5120 is 12.5% so that is all that you are risking.

Per Line Risk: $10
Per Box Risk: $80
8 Boxes to Risk: $640
64 Boxes in Account: $5120

Don't worry about R/R ratios, worry about the lines that remain in the box.

The numbers work when you stack: if you double your line value to $20 then 1:1 is the same money as 2:1 and if you double your line value again then you are making 4:1 ... if you fail then you are going to lose $80 (the risk that you are taking is fixed) so if you double your line value then you must be doubling your reward: I am trying to explain how the numbers work out in the end where the result is a specific amount of money gained on an initial risk.

A loss is -1 risk box and a gain is some multiple of that; how many trades it takes is irrelevant.

[elkin.fernandez]

MO,

12,5% or 2,5%?

I was using the last one. Risking in the first trade 0,3125% in order to get 25%.

[prochargedmopar]

Just because you have $5000 in your account does not mean that $5000 is going to [intentionally] be put at risk.

640 of 5120 is 12.5% so that is all that you are risking.

Per Line Risk: $10
Per Box Risk: $80
8 Boxes to Risk: $640
64 Boxes in Account: $5120

Don't worry about R/R ratios, worry about the lines that remain in the box.

The numbers work when you stack: if you double your line value to $20 then 1:1 is the same money as 2:1 and if you double your line value again then you are making 4:1 ... if you fail then you are going to lose $80 (the risk that you are taking is fixed) so if you double your line value then you must be doubling your reward: I am trying to explain how the numbers work out in the end where the result is a specific amount of money gained on an initial risk.

A loss is -1 risk box and a gain is some multiple of that; how many trades it takes is irrelevant.

$1
$8
$64
$512 total boxes in account.
Hmmmmmm
1:1 eh?


That gets my attention.

[prochargedmopar]

Same thing dragon did trade after trade after trade.

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[prochargedmopar]

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[aliassmith]

Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg

Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

[MightyOne]

That is a nice example of why it is necessary to use trend lines with the AO cross and why I like to see the slow MA on the chart.

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[MightyOne]

Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.

If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

[aliassmith]

Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.

If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

Definitely more capital is better. I was just working off his 50 pips a day.