Share your Aha moment

Vulcan

New member
Greetings everyone,

I'm new to trading and often hear that most traders fail. I would imagine the traders that fail never received their "A-ha" moment.

Would any of you more experienced traders be willing to share your "Aha moment"? What concept, tip, or advice helped you go from often losing to consistently profitable? I'm sure many other aspiring traders here would welcome your advice.
 

Renko_Raider

New member
I'm fairly new to trading myself, but my "Aha moment" would be discovering Renko Bricks to replace traditional candlesticks and learning to modify thinkscript code to develop indicators that work well with Renko; I also learned to scalp rather than focusing on longer trades. My latest scalping strategy calls for using a .30/.10 or .50/.10 profit target/stop loss bracket. Focusing on scalping has allowed me to go from a losing portfolio to a winning portfolio over the course of a few months.

https://usethinkscript.com/threads/...strategies-for-thinkorswim.13164/#post-111673
Here's my chart setup with a Moxie indicator I modified to work with Renko..
https://usethinkscript.com/threads/moxie-indicator-for-renko-for-thinkorswim.13242/#post-111685
 
Last edited by a moderator:

mailbagman2000

Member
VIP
I'm fairly new to trading myself, but my "Aha moment" would be discovering Renko Bricks to replace traditional candlesticks and learning to modify thinkscript code to develop indicators that work well with Renko; I also learned to scalp rather than focusing on longer trades. My latest scalping strategy calls for using a .30/.10 or .50/.10 profit target/stop loss bracket. Focusing on scalping has allowed me to go from a losing portfolio to a winning portfolio over the course of a few months.
Care to share the script?
 

zeek

Active member
2019 Donor
Big a-ha moment for me was when i realised that instead of searching for setups to trade, i simply wait and let them come to me and trade what is given to me and this has helped tremendously against having FOMO and taking subpar setups with low R/R. It wasn´t easy because it meant i needed to learn to accept not trading at all for long periods of time when there wasn´t anything worth taking. So first step was to create some sort of automated process of letting my system tell me when there´s actually something worth looking at based on different backtested data and criteria i wanted to have. And next step was basically just gathering all of this and create a work chart layout with all the indicators and when they all line up at the same time, i know there´s a high probability setup i need to look at and likely also trade.
 

floydddd

Active member
my only profitable a-ha moment (as opposed to the many unprofitable ones) was when i realized that trend trading ain't for me and that i liked mean reversion much much much better. out of my last 30 recorded trades, i had two tiny losers, a handful of break evens and the rest were up 5% to 17%. yeah, i know, pride cometh before a fall (or is that goeth?) but i never did nearly so well trying to find and hop on trends, which always seemed to end the moment i joined the crowd.
 

Trader Raider

Well-known member
VIP
My big aha moment was looking at a daily compounding calculator and realizing how much 1% daily growth adds up over a year. I stopped trying to hit home runs and started looking to bank smaller, more consistent profits.

Best wishes and happy trading!
 

tenacity11

Active member
2019 Donor
My big AHA moment came when I got rid of all indicators and went with pure price action, market structure, order blocks and fair value gaps.
 
my only profitable a-ha moment (as opposed to the many unprofitable ones) was when i realized that trend trading ain't for me and that i liked mean reversion much much much better. out of my last 30 recorded trades, i had two tiny losers, a handful of break evens and the rest were up 5% to 17%. yeah, i know, pride cometh before a fall (or is that goeth?) but i never did nearly so well trying to find and hop on trends, which always seemed to end the moment i joined the crowd.
what indicators do you use for mean reversion?
 

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