Your Eureka Trading Moments

J

Jason101

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I believe a trading education consists of a string of moments of sudden comprehension or Eureka/Epiphanies if you like.

I would like this thread to be a place for you to post your moments of clarity that helped you on your path.

Whether a new trader or a seasoned pro I am sure you will have something to add, whether it was your first realisation years ago or something that came to you recently.

Each trader is different, so rather than being about who is right or wrong, this is more about what personally helped you.

I hope you will join in.
 
I will kick it off and hope you join in…

I remember being really taken back the very first time I looked behind an individual candlestick and looked at it on a lower time frame. And consequently started to think about how my current time frame pattern may look in the next higher timeframe up.
It was a real eye opener for me.
 
When i realised that chasing 100 points a day was counter productive and often led to pain

Now i am happy with 10-50
 
When I realised an individual bar and it's open / close in the bigger picture could really matter.
Till then I'd been looking for patterns and trends. It just wasn't working.
 
I once realised that after looking back on trades it didn't mattter whether I'd gone long or short I still would have lost.
 
Realising that less is more or some other mystical crap.
 
Horizontal support and resistance!!
And recently, indicators aren't bad. As long as you understand what's being indicated, and how to use that information.
 
A Eureka moment came when I had a big enough account to use less than 2% risk per trade.:)

It was a real eye opener. Trading became really easy. It was like learning to play snooker on a 12f table and then playing a pool tournament on a small pub table. Easy
 
When I decided I was sick of losing through my own stupidity

When I realised the timeframe I was looking at was not the one I was trading

When I took responsibility for taking a loss instead of using stops

When I started thinking about exits more than entries

When I accepted that stellar returns were not on the cards for me so stopped chasing them

When I started focussing on how well I traded rather than the outcome of the trade

When I realised it was a long game
 
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I remember looking at the posts on this site and wondering if I could ever raise myself to this aspired status. Then I learned how to trade and realised that most of the posters on here are sad sacks.
 
Bint_Crusher said:
I remember looking at the posts on this site and wondering if I could ever raise myself to this aspired status. Then I learned how to trade and realised that most of the posters on here are sad sacks.
Click to expand...



Hi Bint,

Thanks for your contribution, I remember a moment when I realised that other people on here did not have any magic key to the market, I think it was when I saw quite a few big talking members blow out or ask very obvious questions. The shame of it though is the more honest people on here are the more they will learn.

Was there anything that stuck out in your mind when you say "Then I learned how to trade"?
 
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robster970 said:
When I decided I was sick of losing through my own stupidity

When I realised the timeframe I was looking at was not the one I was trading

When I took responsibility for taking a loss instead of using stops

When I started thinking about exits more than entries

When I accepted that stellar returns were not on the cards for me so stopped chasing them

When I started focussing on how well I traded rather than the outcome of the trade

When I realised it was a long game
Click to expand...

That is some true motherf***ing sh1t in that post right there. You da man Robster. (y)
 
I suppose one was when I realised that I trading based on my rules, so it didn't matter about the good ones I missed because of following them. They were far fewer than the bad ones, and besides which, if I wasn't following my rules I was just gambling.

I had two good trades on NQ today, just over 8% of my account up. I refrained from taking a very tempting long earlier because my rules told me not too. It shot up in the right direction, then promptly crashed out for what would have been a full loss.

In essence, I realised that I had to trade to a plan. This is not only more profitable, but more comfortable and leads to lower variance. It allows me to accept the losers stoically (and cut them in most cases) and hold the winners to get as much out of the move as I can.
 
Jason101 said:
Hi Bint,

Thanks for your contribution, I remember a moment when I realised that other people on here did not have any magic key to the market, I think it was when I saw quite a few big talking members blow out or ask very obvious questions. The shame of it though is the more honest people on here are the more they will learn.

Was there anything that stuck out in your mind when you say "Then I learned how to trade"?
Click to expand...

To expand on that it was a realisation that one needs to learn the markets and how to trade them, period. Like any other skill. Lots of people in trading I have met on and off line talk up their lifestyle and appear to congatulate themselves for giving "hints and tips" when in reality they are just a bunch of self conning saddos.
I'll find a few links and post them for you.:cool::cool::cool::clap::clap::clap::clap::clap:

Here is one for yer.http://www.trade2win.com/boards/trad...ml#post1631960
How the fork can anyone come out with drivel like that, have made enough posts to warrant full time attention in 4 months and even consider starting to trade markets like the Dow without a solid trade plan and without the discipline to follow any structure. He is now a veteran member.
 
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When i got my multiscreen set up and i realised i could trade whilst simultaneously watching porn and being on Facebook
 
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