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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (44756)6/4/1998 12:19:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
My logic is, once a trader becomes accustomed to following a disciplined approach such as that afforded by adhering strictly to a system then an intuitive "skill" develops....a sort of sixth sense, if you will.

I believe one can almost anticipate the signals his/her system throws off because of practice.

This could be of valuable use. For example if you sensed that your system may have been gearing up for a sell signal yesterday you might have taken the precaution of flattening your long position somewhat ahead of time....meanwhile hedging yourself by putting in a buy-stop above the market in case your intuition was faulty. By so doing, you put yourself back in the trade at a small loss if the market proved your system correct and if your intuition was correct you saved yourself some losses.

I know it seems hard to reconcile....Off hand I think someone described such an emotional/mechanical relationship to me, he read about it in a book by Mark Douglas. I think the title was "The Disciplined Trader".

I've never read the book nor any book by Douglas....the conversation just popped up in my mind as I was typing this.

But no matter what system you use, as long as you apply it in a disciplined fashion you are honing a side of yourself that can anticipate in a fashion you would not think possible.

It's no different than any other skill; working on physical skills naturally improves mental ones.
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