Something I can't quite get across to traders, especially new traders is intuition.
The dumb ones can't comprehend the subject and the smart ones (probably with a programming background) can't understand anything but an IF/THEN scenario.
Problem is trading is an amalgamation of patterns, that don't perfectly repeat but often rhyme and if you're looking for binary 2+2 = 4 then you're in for a rude awakening my friend.
The sooner you accept this the better.
The more experience you have as a chartist the more you'll (1) Be able to analyse and spot these imperfect patterns and (2) TRUST your gut instinct aka your intuition.
On intuition;
You know when you're sure a trade will win and when a trade will lose, let's not mess around here - you know deep down before you took a trade of it was timed well or wrong.
It's about trusting that feeling.
The problem is the intrusive thought "Let me see" is what destroys a traders account - take enough of these and you silence your intuition, why? Because it's not needed - if you're constantly listening to any and all intrusive thoughts and more importantly acting on those thoughts then you're psyche will print more of them - it's natural.
However, if you listen to the whisper of the gut - quiet it will be at first, but overtime it will become an integral part of your trading.
So in closing its really not about Thinking Vs Feeling, but about not ignoring either!
Make sense?
See you in the next episode Ninja!
Nick
The dumb ones can't comprehend the subject and the smart ones (probably with a programming background) can't understand anything but an IF/THEN scenario.
Problem is trading is an amalgamation of patterns, that don't perfectly repeat but often rhyme and if you're looking for binary 2+2 = 4 then you're in for a rude awakening my friend.
The sooner you accept this the better.
The more experience you have as a chartist the more you'll (1) Be able to analyse and spot these imperfect patterns and (2) TRUST your gut instinct aka your intuition.
On intuition;
You know when you're sure a trade will win and when a trade will lose, let's not mess around here - you know deep down before you took a trade of it was timed well or wrong.
It's about trusting that feeling.
The problem is the intrusive thought "Let me see" is what destroys a traders account - take enough of these and you silence your intuition, why? Because it's not needed - if you're constantly listening to any and all intrusive thoughts and more importantly acting on those thoughts then you're psyche will print more of them - it's natural.
However, if you listen to the whisper of the gut - quiet it will be at first, but overtime it will become an integral part of your trading.
So in closing its really not about Thinking Vs Feeling, but about not ignoring either!
Make sense?
See you in the next episode Ninja!
Nick