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Strategies & Market Trends : Trade What You See, Not What You Think

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To: aldrums who wrote (397)2/11/2001 11:22:19 AM
From: Threei   of 867
 
Alex,

I agree with your take. Two important things about intuition:

1. As you said, intuitive impulse is formed as sum of previous experience. Newer trader should not expect intuition to come into play. If there are not enough events and patterns collected to reach certain critical mass, it rather would be wishful thinking than true intuition or it would be seriously flawed. In my opinion it takes years of trading for intuition to come into play. This is the reason why I somewhat hesitant to talk about it in the room during trialers Q/A sessions... don't want to push anyone to what should come in its time.
2. For intuitive impulse to be heard, trader should be is that special state of mind that we call "the zone". It involves plenty of things... "thougtlessness" which is hard to achieve with our notion that everything should be analyzed; willingness to recognize and appreciate intuitive impulse and act on it; skill to wait for intuition effortlessly not pushing it, not trying to wake it up (if you do you risk to wake up wishful thinking instead). This state of mind is separate skill to learn. It takes strong confidence (real one, based on successful performance in different markets), position of detached observant, calm patient waiting for opportunity to come along etc etc...

Interesting detail: until one is ready for intuition to impact his trading decisions, even talk about it might result in negative reaction - trader just resists this notion that trading could be done without conscious analysis.

Vadym
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