The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6011
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1625
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Fri Dec 23, 2016 4:54 am

Mr. Hyde wrote:
Im curious does this MM style take into account slippage, bad fills or gaps. Those all suck normally but if " The risk is that if, for whatever reason, you must exit for an amount that is greater than your stop then you are going to lose 20 pips for every 5."

Also I wonder how many traders are actually taking the trade off after reducing the box to 15 after already losing 10. Im guessing not the 95% (the amount who blow there account out and quit in the 1st year).

Seems a lot like the turtles MM. 2% risked per position with the stop being ttraile and reducing amount risked per trade as the account declined.


The current progression of 1 + 1 + 1 + 1 + 1 + 1 + 2 + 2 + 3 + 4 + 5, starting at .1% per line and ending at 1 to 2.2% per line, is pretty safe.

Your risk is around (.1 * LINES@RISK)3 or about 1% risk per trade and your risk naturally falls due to moving your stop to the 75% ret when it should be 80 (4/5) or 83.3 (5/6), etc.

Let's say that you start by risking 4 lines:
1: .4% risk
2: .8% risk
3: 1.2% risk or (.1 * 4)3
3/4: 1.2% risk
4/5: 1.125%
5/6: 1.012%
6/8: 1.012%
8/10: .949%
10/13: .925% (but you're making 1.3% per line).
...

"How is my risk .925%, how am I not losing 1.3% per line?"
The answer is simple, "other peoples money".

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: 6011
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1625
Gender: Male

Postby MightyOne » Fri Dec 23, 2016 5:35 am

gbpusd.png
gbpusd.png (10.34 KiB) Viewed 690 times

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12823
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1470
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: The ideas that I trade by:

Postby TheRumpledOne » Fri Dec 23, 2016 3:54 pm

MightyOne wrote:
"How is my risk .925%, how am I not losing 1.3% per line?"
The answer is simple, "other peoples money".


Once it is in your account, it is YOUR MONEY!

"The perfect is the enemy of the good — educate yourself so that you can make good decisions and don’t worry if somehow you don’t pick the top choice."

http://www.getrichslowly.org/blog/2007/ ... rect-them/
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6011
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1625
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Fri Dec 23, 2016 4:49 pm

TheRumpledOne wrote:
MightyOne wrote:
"How is my risk .925%, how am I not losing 1.3% per line?"
The answer is simple, "other peoples money".


Once it is in your account, it is YOUR MONEY!

...



Let's say that you have a lady friend and she wants to go shopping with her $10,000 limit VISA.
Does it matter how much of her spending is covered by "her money" vs "your money"?

Can she go broke spending your money? Of course not! Whatever she has saved is still in her bank account.

No one is arguing that the purchasing power (OPM) isn't all "hers", all that we are saying is that she should
respect "her money" 10,000 times more then she respects "your money".

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1007
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1154
Gender: Male

Re: The ideas that I trade by:

Postby Mira » Fri Dec 23, 2016 5:40 pm

Oh and she will :lol:


MightyOne wrote:
TheRumpledOne wrote:
MightyOne wrote:
"How is my risk .925%, how am I not losing 1.3% per line?"
The answer is simple, "other peoples money".


Once it is in your account, it is YOUR MONEY!

...



Let's say that you have a lady friend and she wants to go shopping with her $10,000 limit VISA.
Does it matter how much of her spending is covered by "her money" vs "your money"?

Can she go broke spending your money? Of course not! Whatever she has saved is still in her bank account.

No one is arguing that the purchasing power (OPM) isn't all "hers", all that we are saying is that she should
respect "her money" 10,000 times more then she respects "your money".
__________ THE :smt096 IS A LIE__________

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

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1007
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1154
Gender: Male

Re: The ideas that I trade by:

Postby Mira » Fri Dec 23, 2016 8:51 pm

Edit: i got it! #-o now i see THE scheme.



----------

Risk lines and get lines.
Place and trail stops.
It's perfect

But
(I know this is off topic)

I don't know how to manage the big picture.
The bigger timeframe rules but price starts moving on the smaller one.. i'm confused :roll:
Attachments
IMG_1317.PNG
IMG_1317.PNG (86.06 KiB) Viewed 518 times
__________ THE :smt096 IS A LIE__________

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5985
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 420
Location: Granbury, TX
Gender: Male
Contact:

Re: The ideas that I trade by:

Postby prochargedmopar » Sat Dec 24, 2016 1:37 am

TheRumpledOne wrote:
MightyOne wrote:
"How is my risk .925%, how am I not losing 1.3% per line?"
The answer is simple, "other peoples money".


Once it is in your account, it is YOUR MONEY!

"The perfect is the enemy of the good — educate yourself so that you can make good decisions and don’t worry if somehow you don’t pick the top choice."

http://www.getrichslowly.org/blog/2007/ ... rect-them/


As long as I continue to consider ALL the money in my account mine the longer I will continue to struggle with increased lot size and adding to losers.

Compartmentalizing $$ can be a good thing.
For one, my losses would cause me great laughter.

Happy holidays!!!
#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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5985
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 420
Location: Granbury, TX
Gender: Male
Contact:

Re: The ideas that I trade by:

Postby prochargedmopar » Sat Dec 24, 2016 1:45 am

The adverts on this site are getting better.

Been on the prowl for an M series Benz or Toyota Highlander.
X5i could be in the cards too though I prefer the M.
Wife wants the toyo.
Funny how the DODGE durango is the SAME price as the upper class cars when used.
Also that the BUICK enclave is the highest priced of them all.

Buick?

Uugh.

IMG_20161223_193913.jpg
IMG_20161223_193913.jpg (33.88 KiB) Viewed 790 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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6011
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1625
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Sat Dec 24, 2016 3:02 am

prochargedmopar wrote:The adverts on this site are getting better.

Been on the prowl for an M series Benz or Toyota Highlander.
X5i could be in the cards too though I prefer the M.
Wife wants the toyo.
Funny how the DODGE durango is the SAME price as the upper class cars when used.
Also that the BUICK enclave is the highest priced of them all.

Buick?

Uugh.

IMG_20161223_193913.jpg


What about a brand spanking new CX-9?

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1007
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1154
Gender: Male

Re: The ideas that I trade by:

Postby Mira » Sat Dec 24, 2016 6:49 am

it's a train!! :shock:

IMG_1319.JPG
IMG_1319.JPG (75.52 KiB) Viewed 759 times




MightyOne wrote:
prochargedmopar wrote:The adverts on this site are getting better.

Been on the prowl for an M series Benz or Toyota Highlander.
X5i could be in the cards too though I prefer the M.
Wife wants the toyo.
Funny how the DODGE durango is the SAME price as the upper class cars when used.
Also that the BUICK enclave is the highest priced of them all.

Buick?

Uugh.

IMG_20161223_193913.jpg


What about a brand spanking new CX-9?
__________ THE :smt096 IS A LIE__________

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


Return to “TheRumpledOne”