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Attachments: AHA moments in your trading career
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AHA moments in your trading career

Quoting syedhsg
1) never put more than 10 % of capital
2) risk reward ratio should be at least 1:1
3) trade higher time frames

seriously i have read these for thousand time
but failed to implement this until lost three accounts
1) 10% is still very aggressive. Few people have the tolerance to cope with it, and if you're not a decent trader, you won't have the edge to justify it.

2) Adjusting your R:R won't magically turn you into a profitable trader. To be profitable - to have positive expectancy - we need both R:R and winrate to combine to produce a positive result. It would be a good idea to ignore R:R completely and just focus on making good decisions. If a trader makes good decisions, winrate and R:R will work themselves out.

3) Slower timeframes are easier for beginners, as the expenses are lower and more easily overcome. The trades also play out more slowly so it gives time to evaluate and correct mistakes.
Quoting damosdmf
95% of traders lose not because they come on forums and get taught how to lose they lose because there to F#$KING lazy to get up and think for themselves, and create there own way of trading. they would rather be SHEEP and follow the HERD most of the time to the slaughter. there is plenty on this forum to be profitable i know for a fact. people are just to blind to see whats in front of them. and what needs to be ignored and what doesnt.

regards damien

here comes my aha moment
we often hear this that 95 % of traders are losers
and our subconscious is tend to hold onto negative things.
it stick to this point that how can we become winners.
and eventually it succeed
so point is we don't have to beat the market. but to change our subconscious programming.
that can only done by routine
i will explain this (routine thing)sooner if anyone needed
p.s
i m also a student of psychology
Quoting Mr J
1) 10% is still very aggressive. Few people have the tolerance to cope with it, and if you're not a decent trader, you won't have the edge to justify it.

2) Adjusting your R:R won't magically turn you into a profitable trader. To be profitable - to have positive expectancy - we need both R:R and winrate to combine to produce a positive result. It would be a good idea to ignore R:R completely and just focus on making good decisions. If a trader makes good decisions, winrate and R:R will work themselves out.

3) Slower timeframes are easier...

i agreed with you as what u r saying has some experience behind it. to state it clearly i m a rookie
just stepped in 6 months ago. i know i have a long way to go. i write what worked for me. and i know that this will change after 6 months. so i m looking forward to gain more experience
thanks for sharing

i forgot one thing, my account size is very small only 150 usd
actually i decided to divide 1500 into 10 accounts and loss three account so far
now i m starting to getting the big picture
Quoting tjfxtrader
AHA moment:

Once I enter the trade, there is nothing I can do to make it win. What I do before I enter the trade can not make it a winner. There is no reason to hesitate. Just enter the trade and set the stop loss. The market does its thing. Sometimes, I get to exit with a profit. Sure takes all the stress out of trading.
actually this thread causes me many aha moments
here is another one.
the above stated reason is why every New trader get profits in his/her early days.
COZ THEY R NOT AFRAID
Seriously though mine was seeing decreasing volume on a big up move and deciding to go short.[/quote]

That was my First AHA too.

Thanks
My AHA moment was this:

When I gonna put a horizontalline on a chart at the point where the price is now in the future the price gonna be above or below this line...
My AHA moment:

* I realized Support and Resistance levels are all that mattered.

I came to this conclusion when learning, perfecting and honing my trendline drawing skill-set. Which is all what trendline trading is. Dropped the trendlines and all other technicals, haven't looked back since.
I realized that a chart is just a chart, and thus should be treated as statistical representations.

I realized that to trade I need to take it as a profession,like all professional careers one needs to take classes, research, testing, and PRAXIS. the only thing i can control is my risk.
AVT INVENIAM VIAM AVT FACIAM
-Past performance is NOT indicative of future results.

-Orders precede 'price action'.
15th April 2013 Monday is the day when AHA moment came in my life regarding trading.....

GLAD it happened

praise to GOD

Ameen
been there done that, Good Bye
purely mechanical trading is ultimately curve fitted and will fail in future.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
The AHA moment is when you figure out that you are trying to beat the HOUSE and that the HOUSE always wins LONG TERM.

There is no such things as systems and all indicators, SAME AS PRICE ACTION, all LAG BIG TIME.

No "safe" trading system has EVER been devised, and no one can guarantee profits or freedom from loss.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

Almost nobody in this forum has makes a living Trading RETAIL FOREX. Sure, you can have 1 profitable mont, 1 profitable quarter, but long term, you will lose it all.

In fact, 99.6% of people lose money after 1 year of trading. So, only 4 out of 1000 people here, can finish profitable after 1 year of trading.
The Black Swan: The Impact of the Highly Improbable
Quoting MapleLeaf
The AHA moment is when you figure out that you are trying to beat the HOUSE and that the HOUSE always wins LONG TERM. There is no such things as systems and all indicators, SAME AS PRICE ACTION, all LAG BIG TIME. No "safe" trading system has EVER been devised, and no one can guarantee profits or freedom from loss. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Almost nobody in this forum has makes a living Trading RETAIL FOREX. Sure, you can have 1 profitable mont,...
we all believe we are one in a thousand. To some of us we just have to try and if it doesn't work out we'll be satisfied that we gave it our all.

I think partly why I don't struggle too much in trading is coz for years I have been a constant failure in school despite studying till midnight. I used to be amongst the best students in my first 14 years of school then I started to fail pretty badly for no apparent reason,the more effort I put the more I failed at one time becoming bottom ten.my parents scoffed and reviled me.

I did a cheap course in college and I have a poor paying job that's unstable.

I can say Mr. market has treated me very fairly more than anyone ever did even in my first year trading I was marginally profitable.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
for me this is an AHA,
Inserted Video

the dukascopy trader of the year made +110% so, the best performer made +110% but every month there was a reward for trader of the month and they did at least +300% some of them more then 1000% per month, but they didn't last till the end of the year.
(this is about live traders)
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