What Was Your Turning Point In Trading | Forex Factory

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What Was Your Turning Point In Trading

  • #1
  • First Post: Sep 9, 2020 3:45am Sep 9, 2020 3:45am
As per the title really - what was your turning point or aha moment in your journey of becoming a successful trader ?
  • #2
  • Sep 9, 2020 5:23am Sep 9, 2020 5:23am
You can see resume of my turning points in a movie "Wrong Turn".
https://www.imdb.com/title/tt0295700/
Markets will move to the right.
  • #3
  • Sep 9, 2020 7:25am Sep 9, 2020 7:25am
My personal turning point was when I realised my most consistent trading happened when I was most chilled i.e. my internal environment was the most important factor in my trading stategy.
  • #4
  • Sep 9, 2020 7:34am Sep 9, 2020 7:34am
Placing orders in the same point regardless of the outcome
Double the account
  • #5
  • Sep 9, 2020 7:46am Sep 9, 2020 7:46am
Quoting FraterRedox
You can see resume of my turning points in a movie "Wrong Turn". https://www.imdb.com/title/tt0295700/
That's a good movie! 2003 I watched that - time flies!
  • #6
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
Quoting ChilledT
My personal turning point was when I realised my most consistent trading happened when I was most chilled i.e. my internal environment was the most important factor in my trading stategy.
Ah yes they do say mindset is key. Do you mechanically take trades ?
  • #7
  • Sep 9, 2020 7:58am Sep 9, 2020 7:58am
Quoting zghnno
Placing orders in the same point regardless of the outcome
So you take trades if it fits your criteria even if it looks like it won't work out ? - If so, that's what I have been doing lately but deliberately missed a couple which would've worked out!
  • #8
  • Sep 9, 2020 7:58am Sep 9, 2020 7:58am
Quoting DowFiend
{quote} That's a good movie! 2003 I watched that - time flies!
It was. And I don´t even know how many Wrong Turn movies they made. Have seen 3 of them. Gonna find out more on weekend.
Markets will move to the right.
  • #9
  • Sep 9, 2020 10:01am Sep 9, 2020 10:01am
the turning point was when i met an experienced trader, that night he opened me the world of successful trading, shared tools and strategies. at that moment all my trades were lost, i did not understand what i wanted, i was nervous and lost money. two years ago everything changed.
  • #10
  • Sep 9, 2020 3:41pm Sep 9, 2020 3:41pm
Mine was when I decided to accept 50-60 pips as success instead of chasing the dragon and trying to capture the whole move. Always have a stop in place because even if you get stopped out close to the top/bottom you were wrong....plus can always go back in.
  • #11
  • Sep 9, 2020 4:18pm Sep 9, 2020 4:18pm
Quoting DowFiend
{quote} Ah yes they do say mindset is key. Do you mechanically take trades ?
Mindset certainly is key for me.

Yes I trade mechanically and only when I haven't got lots of other stuff going on in my life.
  • #12
  • Sep 9, 2020 5:54pm Sep 9, 2020 5:54pm
Quoting NicBishop
the turning point was when i met an experienced trader, that night he opened me the world of successful trading, shared tools and strategies. at that moment all my trades were lost, i did not understand what i wanted, i was nervous and lost money. two years ago everything changed.
Why did you join ForexFactory then?
  • #13
  • Sep 9, 2020 8:56pm Sep 9, 2020 8:56pm
using Renko 5 pip blocks
  • #14
  • Sep 10, 2020 3:35am Sep 10, 2020 3:35am
Cold showers

understand your fight or flight
life is a reflection of what we allow ourselves to see
  • #15
  • Sep 10, 2020 12:09pm Sep 10, 2020 12:09pm
I have not had a turning point for 14 years...

My friend's turning point was committing suicide after 8 years' of unsuccessful trading and losing everything in excess of $400,000... (of which 50% was from loan sharks and mobsters).
  • #16
  • Sep 10, 2020 1:00pm Sep 10, 2020 1:00pm
throwing to the garbage bin all indicators and focusing on market structure and price action
offering my system to copy trade. check my link
  • #17
  • Sep 10, 2020 2:58pm Sep 10, 2020 2:58pm
I am not where I want to be yet. Success is a journey...

But,

The biggest improvements in my trading thus far came after:

1. I got rid of all indicators and focused on price action on naked charts.

2. focused on trading only higher time frames.

3. focused on trading only 1 to 2 pairs at a time.
Give the market little, Aim to take a lot!
  • #18
  • Sep 13, 2020 3:44pm Sep 13, 2020 3:44pm
I only started trading in Feb 2020, Already I am consistent and profitable, tbh I cannot believe it!

I did go through months of blowing accounts.

My turning point was when I finally understood price action, combined with trendlines, and using a higher timeframe bias, it seems to work perfect for me. I'm currently nearly passed my first ever 10k FTMO challenge too. I got 9.3% in just 6 days which I am delighted about!

I'm not sure what clicked but it just eventually did! After spending every single hour throughout lockdown studying, reading charts, being confused!

Now I have around a 65% win rate with a positive RRR
  • #19
  • Sep 13, 2020 3:45pm Sep 13, 2020 3:45pm
Also what has contributed to my trading success in the last couple of months has been , being very prepared.

Every single night and every Sunday without fail, I sit down for a few hours and go through every pair and my favourite pairs to mark up the charts, from the top timeframe down, and i put together my watchlist.

Lately i trade mainly gbp pairs and some eur pairs. also some gold.

being organised is half the battle, and being confident in your analysis along with a higher timeframe bias of course!
  • #20
  • Sep 15, 2020 3:38am Sep 15, 2020 3:38am
It was when I realized I didn't have to be right all the time, and started to review trade by trade every weekend
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