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Search: Posts Made By: monpere
Forum: Psychology and Money Management April 4th, 2012, 09:04 AM
Replies: 151
Views: 28,688
Posted By monpere
We have to differentiate between 'Dollar Risk'...

We have to differentiate between 'Dollar Risk' and 'Stop Risk'. Combine the two to get appropriate position sizing using Van Tharp position sizing formula: Size = DollarRisk / StopRisk.
Forum: Psychology and Money Management March 8th, 2012, 07:09 PM
Replies: 151
Views: 28,688
Posted By monpere
Ok, I'll bite again. Since we're talking about...

Ok, I'll bite again. Since we're talking about red/green lights, what exactly is wrong with that? Any red/green light system is as good as the method behind it. Good concept, good method, good...
Forum: Psychology and Money Management March 8th, 2012, 02:25 PM
Replies: 151
Views: 28,688
Posted By monpere
Ok, I'll bite. And as always, I believe in...

Ok, I'll bite. And as always, I believe in putting some teeth behind the rhetoric. I trade a 4 range chart mechanically, so the method can easily and accurately be backtested, because every trade...
Forum: Psychology and Money Management March 8th, 2012, 10:42 AM
Replies: 151
Views: 28,688
Posted By monpere
1. No one is debating the superiority of any...

1. No one is debating the superiority of any methodology. I never said one methodology is superior to another. I believe anyone can make money using any methodology, as long as they understand it...
Forum: Psychology and Money Management March 8th, 2012, 12:47 AM
Replies: 151
Views: 28,688
Posted By monpere
...

...
Forum: Psychology and Money Management March 8th, 2012, 12:29 AM
Replies: 151
Views: 28,688
Posted By monpere
If I put 3 apples in a jar today, and tomorrow I...

If I put 3 apples in a jar today, and tomorrow I remove 1, how many oranges do I have left in the jar? Analogies only ridicule complex topics. You want to illustrate, use actual trading examples.
Forum: Psychology and Money Management March 7th, 2012, 09:48 PM
Replies: 151
Views: 28,688
Posted By monpere
Apples and Oranges. I love it when discretionary...

Apples and Oranges. I love it when discretionary traders debate probability. The very fact that your enter, manage, and exit any trade with any discretion, makes it impossible for you to determine...
Forum: Psychology and Money Management March 7th, 2012, 07:38 PM
Replies: 151
Views: 28,688
Posted By monpere
I think there is a definite distinction in my...

I think there is a definite distinction in my view. The possible outcomes of a single trade is binary, namely win or lose, therefore 50/50. That does not mean the probability of that trade being a...
Forum: Psychology and Money Management March 6th, 2012, 11:36 AM
Replies: 151
Views: 28,688
Posted By monpere
I think the whole 1%, 2% thing is what you tell...

I think the whole 1%, 2% thing is what you tell newbie traders, who don't know what they are doing, in order to prevent them from blowing their account in 3 days. If you are a seasoned trader and...
Forum: Psychology and Money Management February 22nd, 2012, 01:41 PM
Replies: 151
Views: 28,688
Posted By monpere
Interesting thought. I think I do the same thing...

Interesting thought. I think I do the same thing mentally. It's strange, but looking at it that way, it would seem that I think about losing more then about winning, given that I am of the risk...
Forum: Psychology and Money Management February 21st, 2012, 10:38 PM
Replies: 151
Views: 28,688
Posted By monpere
Agreed on both counts. One, You cannot base your...

Agreed on both counts. One, You cannot base your stop upon the amount of money you can afford to loose. Two, a sound methodology can work on any time frame. Look at the 'EuroUsd 6E' thread, In...
Forum: Psychology and Money Management February 21st, 2012, 07:10 PM
Replies: 151
Views: 28,688
Posted By monpere
Don't you make me start posting my 4 Range charts...

Don't you make me start posting my 4 Range charts up in here !!! :sarcastic:
Forum: Psychology and Money Management February 21st, 2012, 06:50 PM
Replies: 151
Views: 28,688
Posted By monpere
I understand you're a busy guy Mike, but read the...

I understand you're a busy guy Mike, but read the entire post, we are partially saying the same thing. Read my paragraph on R-Multiples.
Forum: Psychology and Money Management February 21st, 2012, 06:28 PM
Replies: 151
Views: 28,688
Posted By monpere
Did you read my entire post? Given the example...

Did you read my entire post? Given the example that I wrote (which is how I trade, and I assume that I'm probably not the only trader in the world that trades like that) how is that reasoning not...
Forum: Psychology and Money Management February 21st, 2012, 06:11 PM
Replies: 151
Views: 28,688
Posted By monpere
The good thing about bigger charts, is that they...

The good thing about bigger charts, is that they generally give you cleaner, clearer signals. The bad thing is the bigger the time frame you trade the bigger your stops will generally have to be,...
Forum: Psychology and Money Management February 21st, 2012, 10:10 AM
Replies: 151
Views: 28,688
Posted By monpere
I know exactly what you mean. Obviously there...

I know exactly what you mean. Obviously there are some very successful traders here who have a natural innate sense of the market, or have develop that sense over their spectrum of experience. I am...
Forum: Psychology and Money Management February 21st, 2012, 09:42 AM
Replies: 151
Views: 28,688
Posted By monpere
Glad my methodology does not require me to be 'a...

Glad my methodology does not require me to be 'a great mystic' in order to make money... just joshing you guys ;)
Forum: Psychology and Money Management February 19th, 2012, 10:22 PM
Replies: 151
Views: 28,688
Posted By monpere
Interesting article. I didn't fully grasp all of...

Interesting article. I didn't fully grasp all of it, due to it's rather theoretical nature, but here's the defining paragraph that stood out to me in the entire article:

"Poundstone highlights...
Forum: Psychology and Money Management February 19th, 2012, 11:42 AM
Replies: 151
Views: 28,688
Posted By monpere
tigertrader, You seem to be an experienced trader...

tigertrader, You seem to be an experienced trader with many years of market experience. You may have well developed an instinctual feel or method that has brought you outside of the bell curve. But...
Forum: Psychology and Money Management February 19th, 2012, 08:14 AM
Replies: 151
Views: 28,688
Posted By monpere
I did not say I believe in trading a certain...

I did not say I believe in trading a certain percentage of your account. I believe that is purely arbitrary, and depends on the size of your account, and how risk averse you are. And I do not...
Forum: Psychology and Money Management February 18th, 2012, 08:33 PM
Replies: 151
Views: 28,688
Posted By monpere
You can be a discretionary trader and cherry pick...

You can be a discretionary trader and cherry pick every trade, that is what the overwhelming majority of traders do, but you cannot cherry pick and think it is based on probability. The moment you...
Forum: Psychology and Money Management February 18th, 2012, 05:26 PM
Replies: 151
Views: 28,688
Posted By monpere
Risking more on higher probability trades, unless...

Risking more on higher probability trades, unless your probability is 100%, when you loose on such trades, you also lose more then normal. A method that does not distribute the risk equally among...
Forum: Psychology and Money Management February 18th, 2012, 01:09 PM
Replies: 151
Views: 28,688
Posted By monpere
I also use fixed dollar amount risk on every...

I also use fixed dollar amount risk on every trade, through variable share sizing using the Van Tharp R-Multiple method. I risk the same dollar amount on every trade regardless of how big my stop...
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