The ideas that I trade by:

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Wed Sep 14, 2022 8:01 am

nonibadsha wrote:Thanks Alias. I appreciate it.
The demons are trying to throw me off.


They are mischievous and distract.
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IgazI
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Re: The ideas that I trade by:

Postby IgazI » Wed Sep 14, 2022 1:02 pm

The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $ :lol:
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Mark Mark
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Re: The ideas that I trade by:

Postby Mark Mark » Wed Sep 14, 2022 7:43 pm

IgazI wrote:The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $ :lol:

Thank you. I want to study this
I am living on this forum :smt024
The Holy Grail Of Trading Is In Your Brain

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