The ideas that I trade by:

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MightyOne
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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:

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aliassmith
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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:

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

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prochargedmopar
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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:

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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

aliassmith
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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
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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.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 21, 2016 2:16 pm

Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?

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laksh
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Re: The ideas that I trade by:

Postby laksh » Thu Apr 21, 2016 4:07 pm

MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


The other day I came across a thread on FF whilst checking calender. This guy says he is turning $50K into $100 Billion in 20 years. He shared his TE. His claims seem out of this world!

http://www.forexfactory.com/showthread.php?t=586816

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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 21, 2016 6:20 pm

laksh wrote:
The other day I came across a thread on FF whilst checking calender. This guy says he is turning $50K into $100 Billion in 20 years. He shared his TE. His claims seem out of this world!

http://www.forexfactory.com/showthread.php?t=586816


3 pips is 1% and 36 pips per day is $252 trillion per year per $100, I think that we have him beat! :lol:

It never works exactly the way the calculator says it is going to work.

Take it one realistic goal at a time and you will achieve something that looked unrealistic when you started.

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Re: The ideas that I trade by:

Postby aliassmith » Thu Apr 21, 2016 6:58 pm

MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Apparently you need net positive pips a day if that translates into net positive $$. 1% a day is a lot, it adds up.

Can you do a demo for us on that 7% a day with a $100 for 252 days :mrgreen: You'll put your broker out of business and probably quit trading. I think that maintaining 7% a day is highly improbable. I've made a lot more in a single day, but 7% a day for 252 days is lofty.
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 21, 2016 9:53 pm

aliassmith wrote:
MightyOne wrote:Daily compounding...

252 days: $100 becomes:
1%: $1,227 (+0)
2%: $12,697
3%: $171,783
4%: $1,960,656
5%: $21,862,678
6%: $238,274,763
7%: $2,539,288,095
8%: $26,471,977,359
9%: $270,070,706,809
10%: $2,697,470,226,775
11%: $26,387,038,713,439
12%: $252,895,855,950,933

...how many pips do you really need per day?


Apparently you need net positive pips a day if that translates into net positive $$. 1% a day is a lot, it adds up.

Can you do a demo for us on that 7% a day with a $100 for 252 days :mrgreen: You'll put your broker out of business and probably quit trading. I think that maintaining 7% a day is highly improbable. I've made a lot more in a single day, but 7% a day for 252 days is lofty.


4% is hard enough as it is...
it is like running next to a moving train, stop to tie your shoe and you'll never catch up.

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