ProchargedMopar's Trading Trilogy

[aliassmith]

Just woke up and saw this.
I've been watching the last few days but for some reason just not feeling it.
Nothing to put money on.


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Was the last pic your exit?

[prochargedmopar]

Just woke up and saw this.
I've been watching the last few days but for some reason just not feeling it.
Nothing to put money on.


eu1.JPG
eu2.JPG
eu3.JPG

Was the last pic your exit?

Yes.

[aliassmith]

Just woke up and saw this.
I've been watching the last few days but for some reason just not feeling it.
Nothing to put money on.


eu1.JPG
eu2.JPG
eu3.JPG

Was the last pic your exit?

Yes.

2x is good.
Its April, how is the Demo going?

[prochargedmopar]

Was the last pic your exit?

Yes.

2x is good.
Its April, how is the Demo going?

It's not.
Slackin'
Put metal roof panels on the back of house and closed in the side of one of my carports to protect a classic car from sun.
Installed new fog lights on my truck.
Been hanging out with in-laws that are visiting from out of town.
Bout to head to the park with kid instead of going to the church Easter egg hunt.

Blah blah.
Success avoidance.
LOL

[prochargedmopar]

seacap_001.png

"Great Skill" they say

A 'position' is simply a STOP LOSS on a LARGE CHART.

When you place a trade, you are not foretelling the future, you are saying 'I am OK with this stop loss'.

Thus when you 'add' you are also saying 'I am OK with this new stop loss'.

That is all trading is: above/below something & placing/trailing stops!

The greatest skill in the world cannot move the market one pip so focus on getting paid when the market moves one pip.

Overs, 'not overs', extremes, & space; this is all that I use to trade.

If I do my part (accumulation) the market will do its part (handing daddy the money) ^^

Believe in your heart that you are handicapable 'it is possible therefore I can do it'

[prochargedmopar]

Interesting guess:

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[prochargedmopar]

I don't move my SL to 'save profit', I only care about normalizing risk; if I decide to risk 0.5% then I expect to lose 0.5%, or less, when I lose no matter how large the position is.

You can not control winning and losing, you can only control how much you win and how much you lose; losing through position sizing and winning through accumulation.

Yes, some trades take days, weeks, or even longer, but there is nothing more that I can say save that you are resting with a stop at the extreme of the larger period before that chart takes off. Short term you might trade only with your idea or you may trade against the large chart only to conform later...I don't really think about it, I just do what feels right at the moment based on the large chart with short term revelations mixed in.

Look, the only skill in trading is trusting that, in general, you are doing the right things ( keeping your stop out of the daily action and accumulation size so that you can get paid far above what you risk).

You say that you think about trades where you moved your stop closer to the price action, I say that I doubt that you were actively thinking about position at an extreme but rather placing a stop at x-pips irregardless the long term chart.

Everything that you experience is valid, think about it, learn from it, and adapt to what you see...
...more than anything else, it is my strong belief in myself that pushed me to new heights.

[/quote]

[prochargedmopar]

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[prochargedmopar]

H4 Z to Z.
Not me though as I just marked it up and watched from sidelines.
I was actually on the roof installing new valley flashing while it progressed from the entry markup on m5.

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[prochargedmopar]

Bummer,
I was just starting to get back into the swing and FRIDAY

Always next Month.

My Dad's leaving in a couple weeks for the Summer + and we are heading out for a 2 week trip after that so It'll be next month before I start to crank it back up.

I'm tellin' ya, Retirement ain't what it's cracked up to be.

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