dojirock wrote:Mo you have my attention....im ready to learn
dojirock
If that is what you see then you will see zeros added to your account in no time at all.
I do believe that there will come a day when people will come to this site and marvel at the "impossible" gains of the traders who go to war wielding space.
After a lot of thinking about how to perfect the entries.. What else can I SEE to get more profits, it has sunk that MM is what has to be perfected.
After MO telling me many times that.. I have finally accepted this.
Entering from the extreme with a CC or what ever you want is the edge. But the edge can fail. How you manage that failure and how you push it when it is right.. is gonna make you a long term winner
I would love to discuss these tricks when your up to it. I have a micro account and would love to reach the whole number lot level. I feel I have the grasp on the trading aspect of it.....why not accelerate it to the MO power!
It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"
I forgot to draw the cc zline line....but im sure you can see it...and also the 2nd chance entry of cup cdown....again using cc
doji
It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"
Body in the direction of profit, wick in the direction of loss.
"Tell me how to trade the Zero Line"
If you can loss then you can see profit.
"From where is the Zero Line drawn"
Anywhere between the midpoint to the open of a strong candle or a series of candles (2-3) that makes a strong run; the zero line isn't drawn, it is seen.
"Where do I take profit"
If you recieve an abnormally large profit in a short period of time then take it. In the absence of abnormally large profit you should focus on increasing your lot size.
"Tell me where I should enter"
Where would you like to enter...
"Tell me how to add lots to my position"
The same way that you determined your lot size and space for your initial position.
MightyOne wrote:You start at 10-20% of maximum buying power but not less than 3 lots.
I recommend that you start with at least $1,000.
You should look at your trades as one big trade; you are going to have to place another trade sometime so liquidation is nothing more than infinite space.
There is no break even in my world... there is space to be lost, lots to be gained, and that is it.
My profit target is to double the account.
There are tricks to skyrocketing your account in a short period of time and maybe we will get around to talking about them.
This I agree. I have been doing this recently. I just need psychological guidance to hold my trades further than 2-5 days. Gonna keep tabs on this thread. Thanks so much MO!
