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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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.
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
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Re: ProchargedMopar's Trading Trilogy
MO,
12,5% or 2,5%?
I was using the last one. Risking in the first trade 0,3125% in order to get 25%.
12,5% or 2,5%?
I was using the last one. Risking in the first trade 0,3125% in order to get 25%.
My long term bag: Bitcoin, ZCash and Chainlink
- prochargedmopar
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Re:
MightyOne wrote: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.
#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
Same thing dragon did trade after trade after trade.
#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
#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
- aliassmith
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote: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.
Trade Your Way as Long as It Makes Money!
Re: ProchargedMopar's Trading Trilogy
aliassmith wrote:
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
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Re: ProchargedMopar's Trading Trilogy
MightyOne wrote:aliassmith wrote:
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.
Trade Your Way as Long as It Makes Money!
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