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

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To: aldrums who wrote (609)5/15/2001 1:59:20 AM
From: The Flying Crane   of 867
 
>>"Much of 'anticipation' is 'intuition' for good traders, and these inner thoughts should be listened to and not blocked from our perception."<<

I agree intuition is important but I also think it is over-rated. From my experience, it is impossible for my intuition to be corrected 100% of the time. I'll be very happy if I even get more than 50% correct. I still remember there were times when I was so sure about the market action that I was surprised I was wrong. In come cases, intuition can sometimes become an excuse to think too much.

However, I think intuition is best used along with the system signals. During the time when a setup is triggered, I use my intuition to determine the size of the trade I'm going in with. This way, I still stay within the framework of my trading system.

Yes, it sounds easy but it really isn't. Time and time again I'm tempted to bypass the trading system because I start to think....

FC
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