The ideas that I trade by:

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Oct 11, 2015 2:56 am

MightyOne wrote:
prochargedmopar wrote:
Dammit, I'm not giving up my last $50.
hahahahaahahah


What is your PayPal? I'll send you $50. :lol:


More lines is more lines,
More indicators does not mean more profit.

I think I'll stick with a squiggly, MZ, and perfect_os.
#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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dojirock
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Re: The ideas that I trade by:

Postby dojirock » Sun Oct 11, 2015 4:48 pm

Hello Mo,
Im back..gonna try this again. May not have it all yet, but please take a look and let me know if im on the right track?
For illustration purposes, I need to understand how to apply "space & lot sizing" to an actual trade I took.
The red line is my "close below, im out line"
The orange lines were my 4 entries, also marked with blue arrows (normally all 4 entries would be at the 1st position)
The green line is what my netposition was considering all 4 entries were same lot size.
So from my initial entry, my SL was 55 and after the 4th entry my net SL was 42.
Because im risking $30, my lot size at .10, I have 300 units of space?
When I entered my 2nd position of same lot size it would have my units of space to 150?
Because the 2nd entry was the same price, I drew my new space box from the same level and now only have 150 left?
I then entered the 3rd and 4th entry, same lot size, and space was reduced to 100 then 75?
I drew the boxes from the initial entry price is that correct?
So now im at $30 / .40 = 75 space but I only will use 42 of it for an exit if price closes beyond my red line.

I know at this point, im in sync with the lot size increases with this trade. Im just trying to understand the risk/space aspect of it 1st.
I normally go "balls to the wall" on all my trades and want to see if what your teachings are on space can reduce my risk and increase my "survivorability"
Im still trying to get beyond scalping.

doji
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"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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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sun Oct 11, 2015 11:57 pm

prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:
Dammit, I'm not giving up my last $50.
hahahahaahahah


What is your PayPal? I'll send you $50. :lol:


More lines is more lines,
More indicators does not mean more profit.

I think I'll stick with a squiggly, MZ, and perfect_os.


I don't follow your logic or reasoning, Pro...
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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Oct 12, 2015 3:50 am

dojirock wrote:Hello Mo,...


Your maximum space should be about 4x greater than your minimum stop loss.

Let's say that your maximum stop is 36 space with an initial position size of 8 units:

If you scale in 2 + 2 + 2 + 2 then your space lost is
2) 1/4 * (entry - stop)
+)
2) 1/2 * (avrg - stop)
+)
2) 3/4 * (avrg - stop)
+)
2) avrg - stop
If you liquidate your trade then simply replace the stop price
with your average exit price.

You could say that your 'real space', at 2 units, is (8/2) * 36 but I think that it is better to think
of the distance to your actual stop loss as your space and your 'real loss' as a fraction of space,
(2/8) * 36 or 9 pips...leaving you with 8 units and 27 space.

Space is simply the utilization of every gram of your total risk.
Just as we trade to a goal and not through a goal we risk to a percent and not through a percent.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Oct 12, 2015 3:31 pm

Yet another example.

The basics, bodies show the way etc, are a great foundation, but after you have that down pat
then it is time to learn the nuances of trading.


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dojirock
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Re: The ideas that I trade by:

Postby dojirock » Mon Oct 12, 2015 4:10 pm

Thank you again for the reply.

As soon as I get all the matter picked up off the floor and put back I will give another shot....lol
Im really not as stupid as I feel right now. I gotta be making this way to difficult. I feel my scalp mentality
is the barrier.

I really want to get this, I have a beautiful 4hr setting up and want to utlilize this MM. (as you know, 4hr is big stretch for me :) )
exploding-ideas.jpg
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"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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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Mon Oct 12, 2015 4:38 pm

BROUGHT

ENPTZ.png
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#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: The ideas that I trade by:

Postby MightyOne » Mon Oct 12, 2015 5:22 pm

dojirock wrote:Thank you again for the reply.

As soon as I get all the matter picked up off the floor and put back I will give another shot....lol
Im really not as stupid as I feel right now. I gotta be making this way to difficult. I feel my scalp mentality
is the barrier.

I really want to get this, I have a beautiful 4hr setting up and want to utlilize this MM. (as you know, 4hr is big stretch for me :) )
exploding-ideas.jpg


If you would just accept the easy answer then you wouldn't have to go through this.

When scaling, simply enter 4 then 4 or 2 + 2 + 4 so that your average is always the midpoint between
your last two entries.
The difference between scaling and accumulating is that with scaling you are placing orders for fractions
of a unit where as with accumulation you are placing orders for whole units.
When scaling you enter 1 unit over 1 or 2 candles, you do not continue to place orders as price paints candles
against your position.

I know that doubling is a hyper-aggressive strategy, that is why I start with a small position size and space beyond
price extremes.

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Re: The ideas that I trade by:

Postby MightyOne » Mon Oct 12, 2015 5:25 pm

prochargedmopar wrote:BROUGHT

ENPTZ.png


All the traders using the "trick entry" (extreme +20 pips for example), getting zero smacked.

Most of your daily profit, when trading large charts, comes from taking partial profit and locking in pips;
holding 100% of your position is a mistake.

When you trade small charts you do the exact opposite because you have more opportunities (closed candles) to exit.

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Re: The ideas that I trade by:

Postby MightyOne » Mon Oct 12, 2015 5:46 pm

...(as you know, 4hr is big stretch for me :) )


You still trade minute charts, the only difference is that you CONSIDER large chart extremes, close overs, failures to maintain new highs, ATR, etc.

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