The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Craps!

Postby MightyOne » Tue Apr 19, 2016 3:52 am

This is the table that I am getting (only with blue felt & no dealer chip rack)

I didn't know how many chips to purchase so I went with my gut and bought:

100 x $1
400 x $5
400 x $25
400 x $100
100 x $500
100 x $1000


Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1691
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 62
Gender: Male

Re: Craps!

Postby aliassmith » Tue Apr 19, 2016 4:11 am

MightyOne wrote:This is the table that I am getting (only with blue felt & no dealer chip rack)

I didn't know how many chips to purchase so I went with my gut and bought:

100 x $1
400 x $5
400 x $25
400 x $100
100 x $500
100 x $1000



Looks like I'll need to bring a few $tacks over to play.
Trade Your Way as Long as It Makes Money!

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Tue Apr 19, 2016 7:01 am

To goals not through goals...
sometimes you have to keep whispering this to yourself.



XAUUSDecnH1.png
XAUUSDecnH1.png (29.58 KiB) Viewed 532 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Tue Apr 19, 2016 7:11 am

XAUUSDecnM15.png
XAUUSDecnM15.png (38.34 KiB) Viewed 525 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Tue Apr 19, 2016 4:47 pm

3 lines is 1%, be it SIXTEENS or TWOS.

Daily target is +12 lines, tell me that you can't make it work.

XAUUSDecnH1.png
XAUUSDecnH1.png (33.7 KiB) Viewed 456 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Tue Apr 19, 2016 5:21 pm

I remember when a group of businessmen were talking about this stock, they had paid less than $15/share and it was supposed to be a sure thing.

Buy & hold investing is for the young, children to age 30 :lol:

freestockcharts_com_IPXL.png
freestockcharts_com_IPXL.png (77.02 KiB) Viewed 900 times

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1691
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 62
Gender: Male

Re: The ideas that I trade by:

Postby aliassmith » Wed Apr 20, 2016 1:55 am

MightyOne wrote:I remember when a group of businessmen were talking about this stock, they had paid less than $15/share and it was supposed to be a sure thing.

Buy & hold investing is for the young, children to age 30 :lol:

freestockcharts_com_IPXL.png


#I'm to old to buy and hold
Trade Your Way as Long as It Makes Money!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5846
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 261
Location: Granbury, TX
Gender: Male
Contact:

Re: The ideas that I trade by:

Postby prochargedmopar » Wed Apr 20, 2016 1:29 pm

aliassmith wrote:
MightyOne wrote:I remember when a group of businessmen were talking about this stock, they had paid less than $15/share and it was supposed to be a sure thing.

Buy & hold investing is for the young, children to age 30 :lol:
]


#I'm to old to buy and hold


I'd like to hold for @least 90p/9mp pips.
1:3 x 3
Too much for an old er guy?
:roll:

IMG_20160420_082856.jpg
IMG_20160420_082856.jpg (100.29 KiB) Viewed 805 times
#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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1691
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 62
Gender: Male

Re: The ideas that I trade by:

Postby aliassmith » Wed Apr 20, 2016 2:46 pm

prochargedmopar wrote:
aliassmith wrote:
MightyOne wrote:I remember when a group of businessmen were talking about this stock, they had paid less than $15/share and it was supposed to be a sure thing.

Buy & hold investing is for the young, children to age 30 :lol:
]


#I'm to old to buy and hold


I'd like to hold for @least 90p/9mp pips.
1:3 x 3
Too much for an old er guy?
:roll:

IMG_20160420_082856.jpg


So you don't like, 8 pips equals 1 macro pip with a daily target of 12 macros? 3 macros equals 1%. I was trying MO math :D
Trade Your Way as Long as It Makes Money!

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5760
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 996
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Apr 20, 2016 4:52 pm

prochargedmopar wrote:I'd like to hold for @least 90p/9mp pips.
1:3 x 3
Too much for an old er guy?
:roll:


I made the spacing 50% wider to illustrate that you do not need to target multiples of your risk box on every trade.
Can you make more lines than you lose & does your profit cover the costs of trading? That is all that you need to know.

The red numbers show changes to position size (24 is "24 pips per line"), the thumbs up shows take profit, and the blue number show profit in lines.

Now you might be thinking "62 HOURS for not even 20 pips worth of profit" but how many pairs are we trading at the same time?

Imagine the worst possible entry on that chart, what is your biggest loss (we'll get to the gap move later), 4 lines?
Imagine what your trading day might look like:
how many times were you stopped out/whipsawed?
how many times did you lose a half a line or more than you intended to?
if you needed to exit quickly, by how much did a 3 pip spread impact your bottom line (3/24 = .125 lines, 3/12 = .25 lines)?

If you got caught in that gap move, trading for 12s, then you would have lost about 6 lines (-2%)
Had you been trading for pips then you would have lost 72 lines (-24%) and if you were already in
a 6% hole then I can see how you might not want to: take the next trade (money lost), exit when you know you should (money lost), keep your risk-box small (money lost risking more lines).

Your world is going to sht because you think that you need to make all of your pips on one pair and in one trade.
There is a time to make tens or hundreds of lines, but it is never such a time before securing an achievable daily goal.

If you are starting with large position sizes and are not scared then you must be the new guy.
We always think that we can predict the future until that oil covered bird floats on by :lol:

Watch 5 charts and trade for SIXTEENS
Eliminate 2 charts and trade for EIGHTS
Eliminate 1 chart and trade for FOURS
It works a hell of a lot better than large lot sizes on a single pair.

USDCADecnH1.png
USDCADecnH1.png (45.97 KiB) Viewed 765 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”