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What Was Your Turning Point In Trading

  • #41
  • Sep 30, 2020 4:18pm Sep 30, 2020 4:18pm
Quoting tiborf71
I read the posts and I have a feeling that everyone here is a profitable trader. if I were a rookie I would even believe it. lol.
It shows that many people know what they need to do to be successful but are unable to pull it through. Trading is just like a diet or any other thing requiring an extraordinary amount of discipline.
When you see it, BET big.
  • #42
  • Sep 30, 2020 5:04pm Sep 30, 2020 5:04pm
Quoting Rennaissance
{quote} It shows that many people know what they need to do to be successful but are unable to pull it through. Trading is just like a diet or any other thing requiring an extraordinary amount of discipline.
Discipline can't help you when the odds are mathematically stacked against you!
The theory about "lack of discipline" is yet another psychological excuse which many people use to keep the trading dream alive.
Either you have real mathematically proven working strategy with positive expectation per trade... or you don't.
If you have such strategy you can automate it so you will never have to deal with emotions ever again.
I use to believe in all that psychology crap some time ago.....
But then I realised that there is no middle ground in trading. There is no relative values or imaginary emotions. Everything is based on hardcore binary logic and math. The emotions are not a cause for the failure. They are a symptom. The subconscious mind can't deal with the complex maths and can't figure out the uncertainty of the market so it's sends you confusing signals and it makes you sweat.
  • #43
  • Sep 30, 2020 7:00pm Sep 30, 2020 7:00pm
My turning point was when my grandma kicked me out of her basement and I had to earn at McDonalds to fund my account.
As Above, So Below
  • #44
  • Sep 30, 2020 7:15pm Sep 30, 2020 7:15pm
Quoting alphaomega
{quote} Discipline can't help you when the odds are mathematically stacked against you! The theory about "lack of discipline" is yet another psychological excuse which many people use to keep the trading dream alive. Either you have real mathematically proven working strategy with positive expectation per trade... or you don't. If you have such strategy you can automate it so you will never have to deal with emotions ever again. I use to believe in all that psychology crap some time ago..... But then I realised that there is no middle ground in...
I dont agree that only an edge will make you successful. The same as i dont believe only discipline will make you successful. You need both. An edge and the right mindset. You can give a mathematical edge to 100 people and only 2 will work out successful.
When you see it, BET big.
  • #45
  • Sep 30, 2020 10:41pm Sep 30, 2020 10:41pm
My failing was when I pushed and over traded to meet my quota which was 10% gain per week, which kept me from cutting my losers quickly.

The turning point was to never, ever, have a profit target other than the trade I am in at the moment.
Ecclesiastes 1:9
  • #46
  • Sep 30, 2020 11:25pm Sep 30, 2020 11:25pm
Quoting RoboSeer
{quote} 1. Defeating emotions, especially fear, is not possible. Controlling it maybe, when one is able detach from the "everyday value" of money and use it as a TOOL. 2. Most of my EAs were self-designed and built by professional programmers. 3. You stated it very well, EAs have a "useful life", i.e. they don't last forever... Once their life spans expire, the search begins again...
Fear is controllable. Greed is controllable. You just are not there yet on this journey.

A real awakening in you mind will occur when you realize, what you saw as fear was greed and what you saw as greed was fear.
Ecclesiastes 1:9
  • #47
  • Oct 1, 2020 12:19am Oct 1, 2020 12:19am
My turning point is when I realised I am the only failed trader amongst the 99.5% successful traders here in FF.
Winning is too easy for traders here in FF.

Cheers
  • #48
  • Oct 4, 2020 4:39am Oct 4, 2020 4:39am
Quoting genghistar
My turning point is when I realised I am the only failed trader amongst the 99.5% successful traders here in FF. Winning is too easy for traders here in FF. Cheers
What people here refer to as "turning point" is some minor revelation or development that allowed a peek into marginal profitability over some time frame as defined optimistically and with a large pinch of salt; certainly nothing spectacular.
Practitioner of the cryptic trading arts
  • #49
  • Oct 4, 2020 5:23am Oct 4, 2020 5:23am
moving to the futures market and trading orderflow
game changing stuff.
Necessity knows no law except to conquer
  • #50
  • Oct 4, 2020 4:08pm Oct 4, 2020 4:08pm
Quoting 3ndlessHope
moving to the futures market and trading orderflow game changing stuff.
witch indicator on which platform do you use for order flow?
  • #51
  • Oct 5, 2020 12:17am Oct 5, 2020 12:17am
Quoting ficibald
{quote} witch indicator on which platform do you use for order flow?
ninja8 and my own indicators, a filtered and an unfiltered t&s and dom
Necessity knows no law except to conquer
  • #52
  • Oct 6, 2020 11:30am Oct 6, 2020 11:30am
Quoting 3ndlessHope
{quote} ninja8 and my own indicators, a filtered and an unfiltered t&s and dom
Would love to see a screenshot. I don't care about Hyndsight trade. I'm more interested in how you see the Market.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #53
  • Oct 8, 2020 12:58am Oct 8, 2020 12:58am
When I started, opened the mt4 of my broker. this was how my chart was looking- the second image,,,you won't believe I traded with small real money too. Then , gradually I evolved to this -- first image. Look how different it is looking now with those moves marked within the red lines. This surely was my AHA moment when I started seeing "something" in my charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FF2.png Size: 76 KB
Click to Enlarge Name: Screenshot_1 FF.png Size: 113 KB
Trading fails when u try to defeat the market
  • #54
  • Nov 25, 2020 11:27pm Nov 25, 2020 11:27pm
The turning point in my trading came when I made a huge loss while I was using a high leverage. I realized that you should only use as much leverage as you can afford to lose.
  • #55
  • Nov 26, 2020 5:39am Nov 26, 2020 5:39am
Does what is happening in the real world economies match what is happening in price
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #56
  • Last Post: Nov 26, 2020 6:07am Nov 26, 2020 6:07am
When i realized that almost everything matters and started looking out for why not to make trade than why to place a trade because if a trade has any reason to go wrong, it will.
When i took MM more much seriously.
Then when i met some good guys in forexfactory.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
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