The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Sep 26, 2015 5:37 pm

I love the moon just as much as any man, but I know that I am likely never going there :wink:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sun Sep 27, 2015 2:45 pm

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.

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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 29, 2015 2:11 am


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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 29, 2015 2:18 pm

It doesn't profit me to show you anything, but my insight I give to you anyway...take it or leave it, I don't care :lol:

Price doesn't really move sideways, most of the time there is disagreement and thus two ideas about direction. One
side may raise its voice and break away but is usually pulled back into the argument until it is legitimately resolved.

When someone raises their voice they are not using logic, their "breakout" is unsustainable, & reason returns them to
to normal discussion.

The market is people first, product second. [-X
Nothing makes sense to you because you are trying to be an emotionless cold hearted robot in a world of feelings.

1) Most of the time price has a bias of up and down, but not "sideways".

2) Steep angles, breakouts, are not part of this "up and down"

3) In order to exclude these "breakouts" you must use slow angles.

4) your lines will never be perfect, the angle will be somewhere between 13 & 18 degrees.
Start with 15 degrees & if it looks OK then leave it alone.

The lines on this chart are 15*:

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I showed you how to draw cones by cutting through breakouts.
I showed you that the cone is actually two channels or "forks".
I showed you how to be a line drawing master by always using 15ish degree angles.

There is nothing I put on the chart that you yourself can not draw just as perfectly
WITHOUT MY HELP!

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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 29, 2015 2:51 pm

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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 29, 2015 5:41 pm

I do not know why some people cannot understand the idea of 'space'.

Let's say that you were going to gamble with $2 :lol:

You can risk:

$2.00 on 1 decision
$1.00 on 2
$0.50 on 4
$0.25 on 8
$0.20 on 10
$0.10 on 20
$0.05 on 40
$0.01 on 200
TOTAL RISK over SPACE

In a game like Cribbage, where your maximum edge is only 10%, it does
not make sense to risk your whole $2 on one game; you know that it is only after several
games that you expect to realize your edge.

If you risk $1 and lose the first game then you have lost half of your total risk and half of your space.
If you reduce your bet size to $0.50 then you again have 2 decisions.
If you hit a winning streak then you can bring your bets back up to $1...it is called survival.

Lets say that my daily goal was simply to make $2 off my dear old friend.
If I am up $1.50 should I bet $2 or even $1? Why would I do that, it only pushes me further from my target
should I lose the next bet.

Consistently reaching your targets and pressing your bets is more profitable than the extra $0.50-$2.00 that
you can make on any given day; your extra win is only a half win at $4 a game.

I know, I know, "balls to the walls", "let's go fro broke!" :roll:
One day you are in profit the next day your friend is in profit...
you both remember your big wins against one another so you
both believe that you have an edge; this is the market as a whole.

Space is easy, you just don't want to be bothered.

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Re: The ideas that I trade by:

Postby jrtrading » Tue Sep 29, 2015 7:20 pm

Edit: Sorry, too many questions from my part, deleted it.
Thanks for your posts, MO.
Last edited by jrtrading on Tue Sep 29, 2015 7:36 pm, edited 1 time in total.

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Re: The ideas that I trade by:

Postby dojirock » Tue Sep 29, 2015 7:24 pm

MightyOne wrote:I do not know why some people cannot understand the idea of 'space'.

Let's say that you were going to gamble with $2 :lol:

You can risk:

$2.00 on 1 decision
$1.00 on 2
$0.50 on 4
$0.25 on 8
$0.20 on 10
$0.10 on 20
$0.05 on 40
$0.01 on 200
TOTAL RISK over SPACE

In a game like Cribbage, where your maximum edge is only 10%, it does
not make sense to risk your whole $2 on one game; you know that it is only after several
games that you expect to realize your edge.

If you risk $1 and lose the first game then you have lost half of your total risk and half of your space.
If you reduce your bet size to $0.50 then you again have 2 decisions.
If you hit a winning streak then you can bring your bets back up to $1...it is called survival.

Lets say that my daily goal was simply to make $2 off my dear old friend.
If I am up $1.50 should I bet $2 or even $1? Why would I do that, it only pushes me further from my target
should I lose the next bet.

Consistently reaching your targets and pressing your bets is more profitable than the extra $0.50-$2.00 that
you can make on any given day; your extra win is only a half win at $4 a game.

I know, I know, "balls to the walls", "let's go fro broke!" :roll:
One day you are in profit the next day your friend is in profit...
you both remember your big wins against one another so you
both believe that you have an edge; this is the market as a whole.

Space is easy, you just don't want to be bothered.


Mo, this is all it is? I can wrap my mind around that concept of spreading my risk over a number of trades. I need to ponder this, how will it benefit.
My stop is different every trade, but I don know exactly what it is. Some trades its 10 pips, some its 14 ect. Could it be I need to convert these to percents? I have targets on about 50 percent of my trades, other than that I take what I feel the market gives. A goal of 40 pips is easy for me to achieve every day (every session for that matter). In your cribbage example, 10 percent, if trading was cribbage, my success rate is over 80%, BUT every take on a trade is different. Some sessions, after 2 trades Im at my 40 goal, others, it may take me 6 trades.
Could it be im racking my brain to apply this in my trading when its not applicable? I know you have said extremes from daily, weekly or monthly. I never even look at those. I feel maybe i need a percent goal vs a pip goal? (i think a light just went on)....
anyways, thanks for this post, I admire your unselfish persistence in teaching space. None of this is to blow my own horn. I feel im a good trader but desire to be better yet to a level you have achieved.
I have said enough for now...going to think on this post some more.

Thank you

doji
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: The ideas that I trade by:

Postby aliassmith » Tue Sep 29, 2015 9:57 pm

dojirock wrote:
MightyOne wrote:I do not know why some people cannot understand the idea of 'space'.

Let's say that you were going to gamble with $2 :lol:

You can risk:

$2.00 on 1 decision
$1.00 on 2
$0.50 on 4
$0.25 on 8
$0.20 on 10
$0.10 on 20
$0.05 on 40
$0.01 on 200
TOTAL RISK over SPACE

In a game like Cribbage, where your maximum edge is only 10%, it does
not make sense to risk your whole $2 on one game; you know that it is only after several
games that you expect to realize your edge.

If you risk $1 and lose the first game then you have lost half of your total risk and half of your space.
If you reduce your bet size to $0.50 then you again have 2 decisions.
If you hit a winning streak then you can bring your bets back up to $1...it is called survival.

Lets say that my daily goal was simply to make $2 off my dear old friend.
If I am up $1.50 should I bet $2 or even $1? Why would I do that, it only pushes me further from my target
should I lose the next bet.

Consistently reaching your targets and pressing your bets is more profitable than the extra $0.50-$2.00 that
you can make on any given day; your extra win is only a half win at $4 a game.

I know, I know, "balls to the walls", "let's go fro broke!" :roll:
One day you are in profit the next day your friend is in profit...
you both remember your big wins against one another so you
both believe that you have an edge; this is the market as a whole.

Space is easy, you just don't want to be bothered.


Mo, this is all it is? I can wrap my mind around that concept of spreading my risk over a number of trades. I need to ponder this, how will it benefit.
My stop is different every trade, but I don know exactly what it is. Some trades its 10 pips, some its 14 ect. Could it be I need to convert these to percents? I have targets on about 50 percent of my trades, other than that I take what I feel the market gives. A goal of 40 pips is easy for me to achieve every day (every session for that matter). In your cribbage example, 10 percent, if trading was cribbage, my success rate is over 80%, BUT every take on a trade is different. Some sessions, after 2 trades Im at my 40 goal, others, it may take me 6 trades.
Could it be im racking my brain to apply this in my trading when its not applicable? I know you have said extremes from daily, weekly or monthly. I never even look at those. I feel maybe i need a percent goal vs a pip goal? (i think a light just went on)....
anyways, thanks for this post, I admire your unselfish persistence in teaching space. None of this is to blow my own horn. I feel im a good trader but desire to be better yet to a level you have achieved.
I have said enough for now...going to think on this post some more.

Thank you

doji


Im not MO, but my opinion is pip goals are not the way
to go. And yes space can be applied in many ways.

You have $1000.... You decide to risk $8 at the gambling
table, so you only take $8 with you and don't come back
until you make $210 or bust. Your $8 plus any winnings
are in play until you hit your waypoint 21%. Your strategy
at the table could be any number of things as long as it
makes it possible to get to your goal.

When you hit your goal you take your winnings back to
your sock drawer and only take .8% with you back to
the gambling tables. :D
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby dojirock » Wed Sep 30, 2015 12:34 am

Really? This is it... I can relate to this... I get what your saying....man..
ok

so its not about the entries, the exits, or anything else...its about only risking a set amount and play as long as I can.
If I have to lower bets to play longer so be it...and when i win..add to the pool to play with..UNTIL I reach a set PERCENT goal.
ok....
Movin in the right direction I hope...

:)
doji
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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