AHA moments in your trading career | Forex Factory

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AHA moments in your trading career

  • #1
  • First Post: May 20, 2010 12:17am May 20, 2010 12:17am
hi how many ppl here have had one of them moments in trading when you get the big light switch turned on in your head and your not in the dark anymore. or the AHA moments. if so and you dont mind sharing what was it that made you have the aha moment. and has it helped your trading at all?

regards damien
i pull the trigger when others are fearful---me
  • #2
  • May 20, 2010 12:24am May 20, 2010 12:24am
Quoting damosdmf
hi how many ppl here have had one of them moments in trading when you get the big light switch turned on in your head and your not in the dark anymore. or the AHA moments. if so and you dont mind sharing what was it that made you have the aha moment. and has it helped your trading at all?

regards damien
after a week or 2 of trading i get the aha moment and realise what the deal is...

"stop fkn trading cuz you are a loser and have no idea and are losing money". from this i usually save myself some money for awhile.
Congratulations ScalaFX for coming out of the closet!
  • #3
  • May 20, 2010 1:43am May 20, 2010 1:43am
My first AHA moment:
-Realizing that position size means a whole lot of difference.

2nd AHA moment:
-Realizing that to get rich, you need at least a 1:1 RR ratio.

other aha moments are not so memorable to me so I won't post them here.
  • #4
  • May 20, 2010 2:30am May 20, 2010 2:30am
My biggest aha moment was when I realized that "the trend is your friend".
  • #5
  • May 20, 2010 2:32am May 20, 2010 2:32am
longer timeframes+combination of technicals and fundamentals=WIN

another thing: calculated averaging down is a win too
  • #6
  • May 20, 2010 2:42am May 20, 2010 2:42am
Realising that unless you can prove something works on a RR 1:1 basis, you're fooled by randomness
  • #7
  • May 20, 2010 3:07am May 20, 2010 3:07am
After 4 days, "AHA" i'm a genius

After 5 days, "AHA" I'm a loser

...to be continued
  • #8
  • May 20, 2010 3:19am May 20, 2010 3:19am
I think that understanding :
- what is "supply and demand" (why would people buy or sell a currency).
- that the world won't change at a hourly rate (ie play higher timeframe).
- that support and resistance is the only indicator that i will put on a chart.
- that the trend is your friend.
- the market will still be there tomorrow, so don't bet your bank on one trade.
- that 5% a year is better than the interest rate my bank is offering, so it should be sufficient.

is what gave me my AHA moment.
  • #9
  • May 20, 2010 3:34am May 20, 2010 3:34am
Quoting Troikaone1
My biggest aha moment was when I realized that "the trend is your friend".
Funny my Aha! moment was right after yours. I realized the trend... can end.

Seriously though mine was seeing decreasing volume on a big up move and deciding to go short.
The trend always ends.
  • #10
  • May 20, 2010 3:58am May 20, 2010 3:58am
Goal setting and proper trade management(specifically exits, money management, risk:reward) are much more profitable than waiting for "that one big trade" or the "holy grail EA" or "the perfect entry" that you hope will make you rich overnight.
  • #11
  • May 20, 2010 6:59am May 20, 2010 6:59am
Not to trade against the trend of a higher timeframe

Waiting for the trade, not being impatient.
It never gets easier, you just get better
  • #12
  • May 20, 2010 8:50am May 20, 2010 8:50am
I have AHA moments every day or at least I think I do. Hmmmm, do I? Damn short-term memory loss.

Seriously though, don't get caught up in price gyrations within a candle...MB whispers "they're designed to fool you".
  • #13
  • May 20, 2010 2:44pm May 20, 2010 2:44pm
risk management
  • #14
  • May 20, 2010 2:48pm May 20, 2010 2:48pm
Realising I was trading for excitement and action rather than to make money.
  • #15
  • May 20, 2010 2:54pm May 20, 2010 2:54pm
when i realised that indicators can only take u so far
  • #16
  • May 20, 2010 6:39pm May 20, 2010 6:39pm
cool lots of good responses soon ive had a few AHA moments the most memorable was just 2 days ago. reading articles suddenly something just clicked in my head. after finishing the article looking back at the chart and seeing a whole other side to trading that was blatently staring me in the face the whole time and i was just looking past it. i find tho with every AHA moment trading gets more and more boring lol

regards damien
i pull the trigger when others are fearful---me
  • #17
  • May 20, 2010 7:06pm May 20, 2010 7:06pm
Quoting damosdmf
...ive had a few AHA moments the most memorable was just 2 days ago. reading articles suddenly something just clicked in my head. after finishing the article looking back at the chart and seeing a whole other side to trading that was blatently staring me in the face the whole time and i was just looking past it.
Could you please share it with us then?
  • #18
  • May 20, 2010 7:16pm May 20, 2010 7:16pm
Every AH-HA moment is often closely followed by one where I realize I really can't understand the market all the time. Or to clarify, one understanding or system does not properly represent the market at all times. I don't even have to lose a trade to feel this way, some times I will just look at a chart and go...WTF?

I guess you chalk that up to; "You can never have too much experience."

Maybe this is an AH-HA moment in itself.
Thank you Lux!
  • #19
  • Edited 7:29pm May 20, 2010 7:17pm | Edited 7:29pm
A while back when I realized "Stops" are my friends. Which also lead me to believe, it's ok to take a loss. After that thought came to mind, I realized I need to push my stops back a bit ... giving my trades some room to breathe.

Stops should not be spandex.
  • #20
  • May 20, 2010 7:27pm May 20, 2010 7:27pm
You don't have to wait for your stops to be hit!

Risk!, Risk!, Risk!
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