The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Mar 13, 2016 8:26 pm

prochargedmopar wrote:
And now we circle back to 0.
What if a person cannot make 704 pips?
Or, 70.4 pips?

But could possibly every once in a while make 7.4.

No matter how you slice it a trader MUST make pips to make $$.

Here in lies the trouble for most.


MightyOne wrote:One last time, just in case people still don't get it.


I don't get it.


Who the fk is that person, he doesn't matter; & don't tell me it is you, I know that you are not that pathetic.

Does price move 10, 100, or 100's of pips? Can you see it with your own eyes, can it be measured?
Does price move 8, 64, or 64's of pips? Can you see it with your own eyes, can it be measured?

It is not about what you trade, it is how you trade it.
It is not about pips it is about how those pips impact your account.

A pip used to be a unit of minimum movement & now it is the pipette.
What has the pip become? 10 pipettes, a "macro/larger pip".
When you make 63 pipettes you call it 6.3 pips (macro-pips).

As you draw lines at each pip, and largely ignore the pipette, so would you draw lines at each eight or sixty-four or whatever & ignore the smaller movements.
If you are sized to the pip then the "pip" is your pip.
If you are sized to the eight then the eight is your pip.
If you are sized to the sixty-four then the sixty-four is your pip.

Like the idea of "other peoples money", it is more about perspective than it is about Webster's definition of things.
Last edited by MightyOne on Sun Mar 13, 2016 11:51 pm, edited 1 time in total.

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paweldobkowski
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Re: The ideas that I trade by:

Postby paweldobkowski » Sun Mar 13, 2016 9:28 pm

MightyOne wrote:
prochargedmopar wrote:
And now we circle back to 0.
What if a person cannot make 704 pips?
Or, 70.4 pips?

But could possibly every once in a while make 7.4.

No matter how you slice it a trader MUST make pips to make $$.

Here in lies the trouble for most.


MightyOne wrote:One last time, just in case people still don't get it.


I don't get it.


Who the fk is that person, he doesn't matter; & don't tell me it is you, I know that you are not that pathetic.

Does price move 10, 100, or 100's of pips? Can you see it with your own eyes, can it be measured?
Does price move 8, 64, or 64's of pips? Can you see it with your own eyes, can it be measured?

It is not about what you trade, it is how you trade it.
It is not about pips it is about how those pips impact your account.

A pip used to be a unit of minimum movement & now it is the pipette.
What has the pip become? 10 pipettes, a "macro/larger pip".
When you make 63 pipettes you call it 6.3 pips (macro-pips).

As you draw lines at each pip, and largely ignore the pipette, you would draw lines at each eight or sixty-four or whatever & ignore the smaller movements.
If you are sized to the pip then the "pip" is your pip.
If you are sized to the eight then the eight is your pip.
If you are sized to the sixty-four then the sixty-four is your pip.

Like the idea of "other peoples money", it is more about perspective than it is about Webster's definition of things.


Actually PRO made a good point here, which is: In order to make money You (sometimes : )) need to be right on direction.

It's true that by trading with OPM You get the safety margin and sooner or later You will be able to put on serious size. BUT, that doesn't change the fact that You NEED TO MAKE PIPS in order to move forward. Tick size varies.

The way I understood what Mighty is saying here (Kreslik in general, not that particular post) is that You don't have to be day trading/ scalping god and push size right away. It's much easier to start small, both, emotionally and technically and build Your way up. You don't have to pin point entries and You can think clearer because of no emotional connection to the position. Reinvesting profits into bigger stop losses or increasing size as You gain more OPM gives You huge adventage. It only takes patience.

Nonetheless, as I view it, when the time comes You better be positioned with the market ; ) The only difference is where Your margin is coming from, market or Your own pocket.
im gluten free intolerant

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Re: The ideas that I trade by:

Postby MightyOne » Sun Mar 13, 2016 11:46 pm

I have never said that money could be added to your account without price moving; why people insist on pointing this out is beyond me.

If you want to make pips then trade in the direction of profit (simple, easy, done!).

I think that we might have a permanent edge if traders cannot grasp something as simple as position sizing and risk return ratios.

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Mar 13, 2016 11:56 pm

MightyOne wrote:I have never said that money could be added to your account without price moving; why people insist on pointing this out is beyond me.

If you want to make pips then trade in the direction of profit (simple, easy, done!).

I think that we might have a permanent edge if traders cannot grasp something as simple as position sizing and risk return ratios.


And this is exactly what I have not done on a consistent basis.

Result:
A loss of pipettes, pips, macro pips, and even a fair amount of "mega" pips here and there.

Acct. still @ 0 or slightly less than 7 yrs. ago.

Once I start trading in the direction of profit, Then I can become a fancy dancer with my position sizes.

Until then, it's all just a mute point to behold.
#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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Re: The ideas that I trade by:

Postby MightyOne » Mon Mar 14, 2016 1:47 am

prochargedmopar wrote:
And this is exactly what I have not done on a consistent basis.

Result:
A loss of pipettes, pips, macro pips, and even a fair amount of "mega" pips here and there.

Acct. still @ 0 or slightly less than 7 yrs. ago.

Once I start trading in the direction of profit, Then I can become a fancy dancer with my position sizes.

Until then, it's all just a mute point to behold.


There you go, again, talking about the 10% of trading as if it were the thing that is holding you back.

It's like you keep arching your back during deadlifts & the trainer is trying to tell you why you are experiencing pain & are not
getting the gains that you should be and all you can say is "the weight is coming up off the ground, I just have to keep lifting".

You go through the motions of trading, but your form is wrong.

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"something"

Postby MightyOne » Mon Mar 14, 2016 7:53 am

Baby Step #2: know which chart you are actually trading when you choose "something".

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Re: The ideas that I trade by:

Postby MightyOne » Mon Mar 14, 2016 8:04 am

Well it was "now" until a few seconds ago.

But hopefully you understand.
As time moves forward continue to trade the now on an even smaller chart.

As you obtain OPM you can afford to dig your claws into price history and wait out larger "somethings".

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Postby MightyOne » Mon Mar 14, 2016 8:49 am

Trading is only scary if you are thinking in "micro-pips"

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Re: The ideas that I trade by:

Postby MightyOne » Mon Mar 14, 2016 9:17 am

As you can see, my trading style is TRO.

If you don't like it then send him the hate mail :wink:
& if you like it then give him the praise =D>

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Postby MightyOne » Mon Mar 14, 2016 2:43 pm

You either see it or you don't.

I don't know what else to tell you.


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