ProchargedMopar's Trading Trilogy

[prochargedmopar]

What happened while I was in here.....
Dang stop looks like its a long ways away. hahaha

first one still got hit. Doh!!
if at first you don't succeed...............Just don't try 9 x in a row as I usually do. hahahaha

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[prochargedmopar]

this dude is a maniac.
And there is like 4 above in the SAME m1 candle,

WTH?

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[prochargedmopar]

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[prochargedmopar]

Stopped out, then tp hit.
2nd pic, 4 stops 2 wins.

Sheeesh.

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[IgazI]

yeah,
that's not the point here.
Losing IS.

I must LOSE and lose REGULARLY.
Losing must mean NOTHING.
I may not LAUGH about it just yet. BUT ONE DAY>

I preach all that space and OPM V.S. (pretty legit though) to others but if you can't take a loss it does NOTHING for me.

I'm losing Big time. with a 3 points stop, damn thing is a 1mm away from entry at market opens. hahhahaahahah

One of the things that is usually lost on people is that I use a 6 unit cap, so if I lose after '1 + 1' then my loss is 1/3 the size of the swing.

Instead of stacking to 6 in one go, I just increase the minimums:
1 + 1 } risking my money
2 + 2 } risking profits only
3 + 3 } risking profits only

When you 'stack', it simply looks like this:
2 + 2 } risking my money
4 + 4 } risking profits only
6 + 6 } risking profits only

Why do this?
if price swings 11 pips and your orders are at least 4 pips apart then you'll only be down around 3 pips:
(3 pips at max size)
the ability to survive price swings, without needing to use a stop loss, is a major advantage. . .

you can use a stop, of course, but it isn't critical; if volatility is off the charts, you may not want to use a stop.

Pips mean fk-all, the only thing that matters is how much money is trading hands; how much money are you exposing to the market,
and is it "your (hard earned) money" or not "your (hard earned) money"?

If you minimize risk.

If you maximize reward.

You will win.

[prochargedmopar]

Hmmmmmm

Wanted that buy and it gave 2 chances. Doh!!

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[prochargedmopar]

m1 and 5 sec looking the SAME> hahahahaahah

[prochargedmopar]

yeah,
that's not the point here.
Losing IS.

I must LOSE and lose REGULARLY.
Losing must mean NOTHING.
I may not LAUGH about it just yet. BUT ONE DAY>

I preach all that space and OPM V.S. (pretty legit though) to others but if you can't take a loss it does NOTHING for me.

I'm losing Big time. with a 3 points stop, damn thing is a 1mm away from entry at market opens. hahhahaahahah

One of the things that is usually lost on people is that I use a 6 unit cap, so if I lose after '1 + 1' then my loss is 1/3 the size of the swing.

Instead of stacking to 6 in one go, I just increase the minimums:
1 + 1 } risking my money
2 + 2 } risking profits only
3 + 3 } risking profits only

When you 'stack', it simply looks like this:
2 + 2 } risking my money
4 + 4 } risking profits only
6 + 6 } risking profits only

Why do this?
if price swings 11 pips and your orders are at least 4 pips apart then you'll only be down around 3 pips:
(3 pips at max size)
the ability to survive price swings, without needing to use a stop loss, is a major advantage. . .

you can use a stop, of course, but it isn't critical; if volatility is off the charts, you may not want to use a stop.

Pips mean fk-all, the only thing that matters is how much money is trading hands; how much money are you exposing to the market,
and is it "your (hard earned) money" or not "your (hard earned) money"?

If you minimize risk.

If you maximize reward.

You will win.

I've got to get to the "lose small amounts of YOUR MONEY first". then we go to losing LARGE amounts of other peoples money.

[prochargedmopar]

I wanted to buy both arrows.
didn't get there.

Then took two itty bitty scalps that I closed early.
Connection lost, this does that all the time. Still lets you close the trade manually though. weird.

Moon shot.

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[prochargedmopar]

Was froze wouldn't go back to 5 sec for a min. Hmmmm

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