The Moment Of Victory | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Taking a live blown account back to victory!!! 8 replies

What Was Your "Ahaa!" Moment 35 replies

"Victory" 6 replies

Can I Be a GBP/JPY Dimwit For a Moment 3 replies

Whose victory going to help dollar go up? 1 reply

The Moment Of Victory

  • #1
  • First Post: Apr 28, 2011 5:07am Apr 28, 2011 5:07am
Dear All,

I think this is likely the most exciting moment in your trading life when you realize you have got the edge with full confidence.

I wonder if anyone is kind enough to leave a description of your feeling at the moment.

I think this can be something good to thousands of searchers here for them to visualize their own success.

Any kind volunteer(s)?

cheers,

kk007
  • #2
  • Apr 28, 2011 5:14am Apr 28, 2011 5:14am
a burning inside of me, that doesn't let me sleep.

Probably because i'm still a noob, lol.
  • #3
  • Apr 28, 2011 5:18am Apr 28, 2011 5:18am
Go on then.
I've had dozens of these moments. A bit like crack probably - first time amazing, getting progressively less so until it seems fairly routine. Principally because context is everything, unless you've found a pure quant edge in which case you can potentially fall victim to the changing market conditions.

I'm less and less protective over information I've found because really the individual that uses it is far more important.

I do agree about the importance of visualising success, but success in trading is withdrawing money made out the markets - finding things out is just a part of the process.
  • #4
  • Apr 28, 2011 5:19am Apr 28, 2011 5:19am
Quoting rashygomez
a burning inside of me, that doesn't let me sleep.

Probably because i'm still a noob, lol.
A noob experienced the moment of victory?
  • #5
  • Apr 28, 2011 5:23am Apr 28, 2011 5:23am
Quoting triphop
Go on then.
I've had dozens of these moments. A bit like crack probably - first time amazing, getting progressively less so until it seems fairly routine. Principally because context is everything, unless you've found a pure quant edge in which case you can potentially fall victim to the changing market conditions.

I'm less and less protective over information I've found because really the individual that uses it is far more important.

I do agree about the importance of visualising success, but success in trading is withdrawing money made out...
Yes, I mean the real application of the edge at realtime (no just success on hindsight). This is a lot about the disciplining and reaction (in addition to the method) and can be quite personal. For two persons learning the same method, the result can be one with huge success and the other giving up.
  • #6
  • Apr 28, 2011 5:33am Apr 28, 2011 5:33am
Ah you mean nailing a great trade based on getting an idea or concept? OK I get you. In that case, yes. It feels amazing
  • #7
  • Apr 28, 2011 10:26am Apr 28, 2011 10:26am
Any more sharing/stories?

cheers,
  • #8
  • Apr 28, 2011 10:55am Apr 28, 2011 10:55am
That feeling of euphoria after making a little off the market is temporary.

Give it time, the market will do something to take that security blanket you call an edge, rip it to shreds, in proving the point that you do not have a strong grasp on the market.
  • #9
  • Apr 28, 2011 10:59am Apr 28, 2011 10:59am
Sounds a sad story that someone having believed himself being successful fell in disappointment again.

Quoting Jhig
That feeling of euphoria after making a little off the market is temporary.

Give it time, the market will do something to take that security blanket you call an edge, rip it to shreds, in proving the point that you do not have a strong grasp on the market.
  • #10
  • Apr 28, 2011 11:19am Apr 28, 2011 11:19am
Quoting kk007
Sounds a sad story that someone having believed himself being successful fell in disappointment again.
Jhig is spot on... you, unfortunately, are still a little green.
  • #11
  • Apr 28, 2011 11:28am Apr 28, 2011 11:28am
Perfectionism (study) and lack of emotional control (trade) usually set in before I trade well,
so I don't have a real answer.

Here goes, anyway --


a trader's feelings:

  1. riding momentum
  2. overusing leverage
  3. trading solely on gut
  4. trading a good concept
  5. making profit
  6. consistent profit
  7. letting a trade ride while (not) being there
  8. (not) using an SL, TP, or trailing of either

1 and 2 are about the same, wild;
3 is wild and confused;
4 and 5 are a mild to marked satisfaction;
6 is boring;
7 and 8 are dependent on how good a concept is, and thus exhausting if am active in the trade and surprising if am not.

  • #12
  • Apr 28, 2011 11:45am Apr 28, 2011 11:45am
Quoting mr.marketz
Jhig is spot on... you, unfortunately, are still a little green.
Me? green? You know me? ha ha..
Anyway, I was not talking about Jhig, but just the story he described.
  • #13
  • Apr 28, 2011 11:47am Apr 28, 2011 11:47am
Quoting ha-pattern
Perfectionism (study) and lack of emotional control (trade) usually set in before I trade well,
so I don't have a real answer.

Here goes, anyway --


a trader's feelings:

  1. riding momentum
  2. overusing leverage
  3. trading solely on gut
  4. trading a good concept
  5. making profit
  6. consistent profit
  7. letting a trade ride while (not) being there
  8. (not) using an SL, TP, or trailing of either

1 and 2 are about the same, wild;...

Really possible? Your own experience?
  • #14
  • Apr 28, 2011 11:47am Apr 28, 2011 11:47am
My first problem then was overtrading
  • #15
  • Apr 28, 2011 11:52am Apr 28, 2011 11:52am
Quoting ingmarforex
My first problem then was overtrading
I think overtrading (on Demo) is a process most people have to pass before trading with quality.
  • #16
  • Apr 28, 2011 12:41pm Apr 28, 2011 12:41pm
Quoting kk007
Really possible? Your own experience?
Well yeah, of course, at least in stocks. Just read the best low-float symbol's news and scalp its momentum in several waves. 'Bout the only method there was in the Internet Boom.
Can't say I was good at it, tho. And forex does these seemingly unpredictable cycles all week, so my $ and I gave up on the addiction.
  • #17
  • Apr 28, 2011 1:38pm Apr 28, 2011 1:38pm
boring ...
  • #18
  • Apr 28, 2011 2:44pm Apr 28, 2011 2:44pm
Quoting kk007
I think overtrading (on Demo) is a process most people have to pass before trading with quality.
Not demo my friend
  • #19
  • Apr 28, 2011 11:06pm Apr 28, 2011 11:06pm
Quoting benssol
boring ...
This is only after being consistent?
  • #20
  • Apr 29, 2011 5:55am Apr 29, 2011 5:55am
Quoting kk007
This is only after being consistent?
Yes

the point is there is no moment of victory, we all begin confused and searching for this moment but later we realize the truth

it will be routine believe me

good trade OK
bad trade OK
no difference at all

no memory

no need for extra focus like the early days no need to read what others doing and no need for anything, no expectation, just open you station scan the charts and wait for your setup

if it comes, Ok, if it wont OK,
and while this find a movie/TV to watch, a game to play
and at EOD review your work, and maintain the log, read the news feeds, look for something interesting in the news for the next day and practice for hour or two

repeat

oh and sometimes if you're lucky it will be new day if something new happens by accident like earthquake/financial disaster/flash dip/voting on some bailouts/carries unwinding, this will be interesting to watch and play
those are the days which have some happiness because it's gains are enormous

the point is there is no victory because when you remember the old days you see how much your foolishness was and how much the simplicity of the problem

when you remember how much your anger when your SL triggered and the next trade must be successful

all of this gone but it can return, the human mind always volatile so comes the need for everyday practice

no victory at all believe me
0 traders viewing now