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Billytt Die happy trading e/j daily breakout

  • #18,761
  • Jun 13, 2017 6:45pm Jun 13, 2017 6:45pm
Quoting billytt
{quote} Trading breakouts i post have very good odds of success but they can lose, hence the counter until the next trigger. I have spoken about 95% of what i do and actually someone once made a comment of how i actually do it. but they didn't realise.
where might that post be? Maybe tell us what Year and maybe Month that comment was made?
  • #18,762
  • Edited 7:09pm Jun 13, 2017 6:59pm | Edited 7:09pm
Quoting bojack34
{quote} where might that post be? Maybe tell us what Year and maybe Month that comment was made?
lol, countering and compounding, 2 banks, nett and gross profit ,, just think outside the box, it is all numbers
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,763
  • Jun 13, 2017 7:06pm Jun 13, 2017 7:06pm
Quoting billytt
{quote} lol, countering and compounding, 2 banks, nett and gross profit ,, just think outside the box, it is all n umbers
This is like breaking The Da Vinci Code! I'm trying my best to decipher...lol
  • #18,764
  • Jun 13, 2017 7:12pm Jun 13, 2017 7:12pm
Quoting billytt
{quote} lol, countering and compounding, 2 banks, nett and gross profit ,, just think outside the box, it is all numbers

2 banks meaning two brokers?


how does this quote translate to a winning strategy? lol I'm so confused.
  • #18,765
  • Jun 13, 2017 7:13pm Jun 13, 2017 7:13pm
Quoting bojack34
{quote} This is like breaking The Da Vinci Code! I'm trying my best to decipher...lol
not quite lol, I tell you something and i have done this many times in my next post..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,766
  • Jun 13, 2017 7:16pm Jun 13, 2017 7:16pm
Quoting faatkumo
{quote} 2 banks meaning two brokers? how does this quote translate to a winning strategy? lol I'm so confused.
i actually have 2 brokers and separate accounts in each broker with different Pc terminal/ip address .
2nd broker is a just incase one. I usually just use the main one, same as Claudia and Mr T.
i trade off a small bank roll and if it gets busted (or runs ou) i borrow off my other big bank just like in reality

edit, most of the small trades i do in here is done on my daughters account
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,767
  • Jun 13, 2017 7:20pm Jun 13, 2017 7:20pm
Quoting billytt
{quote} i actually have 2 brokers and separate accounts in each broker with different Pc terminal/ip address . 2nd broker is a just incase one. I usually just use the main one, same as Claudia and Mr T. i trade off a small bank roll and if it gets busted (or runs ou) i borrow off my other big bank just like in reality edit, most of the small trades i do in here is done on my daughters account
i knew about the 2 banks that you have and you borrow from yourself..lol....but i wasn't aware that it was actually in another account with another broker READY TO ROCK at all time! I thought maybe it was in your bank account..lol
  • #18,768
  • Jun 13, 2017 7:25pm Jun 13, 2017 7:25pm
Compounding,,,
Be selective with the trades which must have good stats.
we shall compound 3 times at 100%,
So start with 20 compound to 40 then 80 then 160. You are just doubling up your win and use an imagery 20 stoploss.. Because we counter.
Now for the OMG bit,,
If the 2nd trade loses carry on as if it had won, same with the others trades, you need the bank and i have never failed with it.
and it isn/t martingale because that is for stupid people
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,769
  • Jun 13, 2017 7:27pm Jun 13, 2017 7:27pm
Quoting bojack34
{quote} i knew about the 2 banks that you have and you borrow from yourself..lol....but i wasn't aware that it was actually in another account with another broker READY TO ROCK at all time! I thought maybe it was in your bank account..lol
almost right, i have accounts in both brokers and an external bank which i have no intention of letting broker look after,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,770
  • Jun 13, 2017 7:28pm Jun 13, 2017 7:28pm
Quoting billytt
Compounding,,, Be selective with the trades which must have good stats. we shall compound 3 times at 100%, So start with 20 compound to 40 then 80 then 160. You are just doubling up your win and use an imagery 20 stoploss.. Because we counter. Now for the OMG bit,, If the 2nd trade loses carry on as if it had won, same with the others trades, you need the bank and i have never failed with it. and it isn/t martingale because that is for stupid people
Instant classic post. Going straight into the notebook!
  • #18,771
  • Jun 13, 2017 7:30pm Jun 13, 2017 7:30pm
Quoting billytt
Compounding,,, Be selective with the trades which must have good stats. we shall compound 3 times at 100%, So start with 20 compound to 40 then 80 then 160. You are just doubling up your win and use an imagery 20 stoploss.. Because we counter. Now for the OMG bit,, If the 2nd trade loses carry on as if it had won, same with the others trades, you need the bank and i have never failed with it. and it isn/t martingale because that is for stupid people
would that be compound after +5, compound after +10, compound after +15, compound after +20?? or are the increments totally subjective?
  • #18,772
  • Jun 13, 2017 7:41pm Jun 13, 2017 7:41pm
Quoting faatkumo
{quote} 2 banks meaning two brokers? how does this quote translate to a winning strategy? lol I'm so confused.
Do you know what a loss leader is in a store Walmart/Tescos etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,773
  • Jun 13, 2017 7:43pm Jun 13, 2017 7:43pm
Quoting billytt
Compounding,,, Be selective with the trades which must have good stats. we shall compound 3 times at 100%, So start with 20 compound to 40 then 80 then 160. You are just doubling up your win and use an imagery 20 stoploss.. Because we counter. Now for the OMG bit,, If the 2nd trade loses carry on as if it had won, same with the others trades, you need the bank and i have never failed with it. and it isn/t martingale because that is for stupid people
Does this mean we still counter our compounding trades as well? If so then my last post (question) may be the wrong question. Now it seems as if you were implying that we double up our NEXT TRADE......everyday for 3 days in a row....just keep doubling our lot size. At first I thought you meant that we Compound 3x within the SAME TRADE
  • #18,774
  • Jun 13, 2017 7:44pm Jun 13, 2017 7:44pm
Quoting bojack34
{quote} would that be compound after +5, compound after +10, compound after +15, compound after +20?? or are the increments totally subjective?
I am speaking slightly different stats, i look for +20 each trade..
OR 2 lots running together for +10, bigger bank needed
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,775
  • Jun 13, 2017 7:44pm Jun 13, 2017 7:44pm
Quoting billytt
{quote} Do you know what a loss leader is in a store Walmart/Tescos etc
yes...something sold cheap to attract people to come shop there
  • #18,776
  • Jun 13, 2017 7:48pm Jun 13, 2017 7:48pm
Quoting bojack34
{quote} Does this mean we still counter our compounding trades as well? If so then my last post (question) may be the wrong question. Now it seems as if you were implying that we double up our NEXT TRADE......everyday for 3 days in a row....just keep doubling our lot size. At first I thought you meant that we Compound 3x within the SAME TRADE
No, we have 3 trades which may be spread over several days.
Trade No1 win, trade No2 lose but we carry on as if it had won and then trade No3 ,
Trade 1 double, trade 2 double and trade 3 double, the counter will hold the losing trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,777
  • Jun 13, 2017 7:50pm Jun 13, 2017 7:50pm
Quoting bojack34
{quote} yes...something sold cheap to attract people to come shop there
correct, i dont mind a loss if i know i will recoup it back , same philosophy, as i say a war is won but we take casualties.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,778
  • Jun 13, 2017 7:57pm Jun 13, 2017 7:57pm
Quoting billytt
{quote} No, we have 3 trades which may be spread over several days. Trade No1 win, trade No2 lose but we carry on as if it had won and then trade No3 , Trade 1 double, trade 2 double and trade 3 double, the counter will hold the losing trade.
this might sound silly but since i'm still new to trading this and so far i've only had winners .......i'm not sure how to even take a loss while using the counter method. That just sounds crazy! lol I don't know how to take a loss.....i had to type it again to make sure that was right......but it's true...I dont' know where to draw the line in the sand and say enough is enough and just TAKE THE LOSS.
  • #18,779
  • Jun 13, 2017 8:01pm Jun 13, 2017 8:01pm
Quoting bojack34
{quote} this might sound silly but since i'm still new to trading this and so far i've only had winners .......i'm not sure how to even take a loss while using the counter method. That just sounds crazy! lol I don't know how to take a loss.....i had to type it again to make sure that was right......but it's true...I dont' know where to draw the line in the sand and say enough is enough and just TAKE THE LOSS.
if you lose all of your money you lose,
a counter will hold your trade until the next trade wins and reduces the loss or fixes it.

edit, you dont have to counter, just use a stop but using a stop plays havoc with your mind as you SEE LOSS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,780
  • Jun 13, 2017 8:07pm Jun 13, 2017 8:07pm
Quoting billytt
{quote} if you lose all of your money you lose, a counter will hold your trade until the next trade wins and reduces the loss or fixes it. edit, you dont have to counter, just use a stop but using a stop plays havoc with your mind as you SEE LOSS.
That is what I thought. I am in love with this strategy!! Everyday I cant wait for 1am to get here so I can trade the Billy Bar!! Thanks for everything Billy, you are a very generous man for taking your time to provide us with this invaluable education that will no doubt help improve all of our financial lives..... and you ask nothing in return!!
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