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The Moment Of Victory

  • #21
  • Apr 29, 2011 6:05am Apr 29, 2011 6:05am
Quoting benssol
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...
I couldn't have said it better myself!
  • #22
  • Apr 29, 2011 11:06am Apr 29, 2011 11:06am
Hi benssol,

Thanks a lot for your sharing. It is sincere.

cheers,

kk007

P.S. Now I think I know what Jhig tried to say.

Quoting benssol
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...
  • #23
  • Apr 29, 2011 1:09pm Apr 29, 2011 1:09pm
Quoting benssol
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...


So right this man
  • #24
  • Apr 29, 2011 1:36pm Apr 29, 2011 1:36pm
Quoting benssol
good trade OK
bad trade OK
no difference at all

no memory

I believe this statement is just about how you should view the market on a day in day out basis. In essence, you are only as good as your last trade.
Stay humble and focused.

I beat myself on bad trades and good trades. A bad trade will involve some type of rule violation more than likely and a good trade is never as good as it could have been because I beat myself up for not having the confidence to take a bigger position.

Personally, my moment of victory will be when I consistently make more in a week than I could make in a week on my job.
  • #25
  • Apr 29, 2011 4:08pm Apr 29, 2011 4:08pm
Any trader who thinks he has just experienced 'the' breakthrough, that moment when it all suddenly becomes clear, has a long way to go. We all experience that feeling several times as newbies, when something we learn becomes so obvious we wonder why it didn't sink in earlier. Becoming a successful trader doesn't happen just like that. It happens after we have collected enough moments of clarity to put together a trading system/routine based around what we learn in those breakthrough moments.

My feelings right now about trading? Very cautious and reserved, but very excited. When I look back through my trade journal for the last 6 months I see consistent weekly account growth of 1 -2%, and I know what that can do to a small account over 10 years. That is my moment of victory, knowing I am going to succeed, but that moment is spread over several months rather than being a single 'aha' moment. Anybody who doesn't get excited over a 1% return doesn't know how to grow an account, and probably shouldn't be trading.
si hoc legere scis nimium eruditionis habes
  • #26
  • Apr 29, 2011 7:13pm Apr 29, 2011 7:13pm
Quoting rashygomez
a burning inside of me, that doesn't let me sleep.

Probably because i'm still a noob, lol.
There are creams for that.
  • #27
  • Apr 29, 2011 7:14pm Apr 29, 2011 7:14pm
My own experience is...a feeling of slowly moving forward. Each day becomes the next and looking forward to it. No EUREKA moment though.

In fact, I don't believe there is such thing as a moment where you feel totally victorious because you found your edge. It's just a slow progression of events. And since you started a thread asking this I find it unlikely that you have an edge yourself. Says you're a commercial member...I don't know what you're selling but if you are selling something I'd be very suspicious of whatever it is.
  • #28
  • Apr 29, 2011 8:21pm Apr 29, 2011 8:21pm
Quoting Trankuility
My own experience is...a feeling of slowly moving forward. Each day becomes the next and looking forward to it. No EUREKA moment though.

In fact, I don't believe there is such thing as a moment where you feel totally victorious because you found your edge. It's just a slow progression of events. And since you started a thread asking this I find it unlikely that you have an edge yourself. Says you're a commercial member...I don't know what you're selling but if you are selling something I'd be very suspicious of whatever it is.
The "commercial member" title is fake; isn't it so obvious?
About edge, still not consistent. It does exist.
  • #29
  • Apr 29, 2011 9:00pm Apr 29, 2011 9:00pm
Ah I see. I didn't start posting here too much till recently so didn't realize about the commercial thing.

Apologies, good sir.
  • #30
  • Apr 29, 2011 9:11pm Apr 29, 2011 9:11pm
Quoting Trankuility
Ah I see. I didn't start posting here too much till recently so didn't realize about the commercial thing.

Apologies, good sir.
Don't worry.
  • #31
  • Apr 30, 2011 3:22am Apr 30, 2011 3:22am
Quoting Trankuility
My own experience is...a feeling of slowly moving forward. Each day becomes the next and looking forward to it. No EUREKA moment though.

In fact, I don't believe there is such thing as a moment where you feel totally victorious because you found your edge. It's just a slow progression of events. And since you started a thread asking this I find it unlikely that you have an edge yourself. Says you're a commercial member...I don't know what you're selling but if you are selling something I'd be very suspicious of whatever it is.
Honestly, I still believe that the EUREKA moment happen to very few gifted persons (not me). Very few people can learn to be consistently profitable in a few month times.
  • #32
  • Apr 30, 2011 3:23am Apr 30, 2011 3:23am
Good sharing. Thanks a lot.

Quoting numbnuts
Any trader who thinks he has just experienced 'the' breakthrough, that moment when it all suddenly becomes clear, has a long way to go....
  • #33
  • Apr 30, 2011 5:07am Apr 30, 2011 5:07am
The interesting thing about trading is that you are constantly rediscovering "stuff". There are certain breakthrough moments that I had 3 years ago that I am still in the process of explaining. This happens when you change your perspective (i.e. using different tools). I may have discovered that "A+B=C" works 60% of the time 3 years ago....but when you throw in a fibonnacci study I can increase my success rate to 80% or higher by eliminating lower probability set ups.

9 times out of 10, you are probably only scratching the surface when you are experiencing "breakthrough" moments; especially if you in your first few years of trading. Keep up the good work though and keep pushing along!!!
  • #34
  • Apr 30, 2011 5:29am Apr 30, 2011 5:29am
Good points: making breakthrough moments is still the early stage of the journey.

Quoting Troikaone1
The interesting thing about trading is that you are constantly rediscovering "stuff"....
  • #35
  • Apr 30, 2011 5:43am Apr 30, 2011 5:43am
The only time you really have to worry is when you stop having breakthrough moments. Because if you have an inquisitive mind, the market will never stop showing you new things.
  • #36
  • Apr 30, 2011 5:47am Apr 30, 2011 5:47am
Quoting Troikaone1
The only time you really have to worry is when you stop having breakthrough moments. Because if you have an inquisitive mind, the market will never stop showing you new things.
Sounds that benssol does not currently have breakthrough moments.

Quoting benssol
boring ...
  • #37
  • Apr 30, 2011 6:09am Apr 30, 2011 6:09am
Ya gotta keep those juices flowin' people!!!!!!!
  • #38
  • Apr 30, 2011 6:23am Apr 30, 2011 6:23am
Quoting kk007
Honestly, I still believe that the EUREKA moment happen to very few gifted persons (not me).
I'm in agreement with Trankuility. No EUREKA moment for me either. Maybe I'm not an excitable person. Maybe it's only the excitable people that experience those EUREKA moments. For me, things just became a little clearer as time wore on. Boring but true.
Nothing worth having is easy.
  • #39
  • May 2, 2011 8:41am May 2, 2011 8:41am
Quoting Patience
I'm in agreement with Trankuility. No EUREKA moment for me either. Maybe I'm not an excitable person. Maybe it's only the excitable people that experience those EUREKA moments. For me, things just became a little clearer as time wore on. Boring but true.
Thanks Patience.

Any more sharing by other?
Please post!
  • #40
  • May 2, 2011 9:30am May 2, 2011 9:30am
Quoting kk007
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
I think it depends how many years you have been at it. If you discover early on what works and what doesn't, then you will still be very emotional about it.
But if you are like me who had many fake eureka moments early on only to discover that these moments were false and didn't turn you into profitability, you will either stop with trading or get emotionally detached to new discoveries and just see if your new discovery works out.
In the end, once I knew exactly that I had an edge, I didn't feel that excited. I just apply my edge each and every day and see the account grow, still no emotions anymore attached to that.
I think this emotional detachment is actually a requirement to success in trading. Otherwise you will get hung up on crappy ideas or be an emotional wreck. This detachement actually helps you to focus on what is really important.
But just to clarify for the newbs, since they might misunderstand me. The only thing that is important is finding an edge. Working on psychology should be a secondary issue, not primary.
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