What was your "a-ha!" moment?

[padutrader]

share your moment of epiphany that propelled your trading higher.

using second entries ONLY

 

[schizo]

using second entries ONLY

You mean not falling into "traps". Well, good for you. But I'm surprised it took you 20 years to discover it. But as they say, better late than never.

 

[schizo]

The long tails show that the other side won the bar but they are often traps....need impulse follow through and even then can simply form a consolidation flag for resumption. Of course there is no technical structure to show experience or the instincts derived from experience. And that is a function and product of chart time, work ethic, cognitive abilities and focus.

Sixth sense, I suppose. Anyway, I wouldn't wanna argue with the master.

 

[padutrader]

But I'm surprised it took you 20 years to discover it

you are not the only one !!!!!!!!!!

sometimes i wonder WTF i am doing? dont i want to trade well?

now i do not wonder.

i know.

and yes interesting that you call first entries a trap.

most of time it is. but in a trend, where everyone is rushing to enter the trend, first entry is the way to go.

if you are entering counter trend, like after a pull back, [ a pull back is a trend in the opposite direction to the main one] then most first entries are failures or traps

 

[ironchef]

I've used candles from the start, so they're easier to follow. Better visuals too.

Thnks.

I switched from bars back to candles for the visuals.

 

[schizo]

and yes interesting that you call first entries a trap.

most of time it is. but in a trend, where everyone is rushing to enter the trend, first entry is the way to go.

I ain't so sure I would agree with you here. Anyway, I gave away too much secrets already. You'll have to cross the ocean on your own. Good luck!

 

[padutrader]

You'll have to cross the ocean on your own

i think i drowned a few times

you can give away as many secrets as you want...... no one is going to recognise them, as any good.
EXCEPT those who know the secret already and it that case it is not a secret [to them]

 

[speedo]

 

[schizo]

Brilliant!

 

[ironchef]

You just stated what @padutrader has been telling us all the time:

Q: What is the secret of making money?
A: I make correct entries & exits.

Q: How do you make correct entries & exits?
A: I have 20 years of trading experience.

Q: How do you gain experience?
A: I have been losing money, making wrong entries & exits for 20 years.