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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: aldrums who wrote (397)	2/11/2001 11:09:10 AM
From: chris-	Read Replies (1) \| Respond to of 867

Intuition, One of the most fascinating topics of trading discussion to me. The idea that we feel things before they happen, and often repsond to before we know it. Arriving at a solution without knowing how. It's been widely accepted that this kind of feeling doesn't happen without experience in watching, participating and accepting some type of signals by which we digest in whatever field. Intuition in trading is just one field. Sports, relationships, etc. There are all kinds of areas by which intuition is apparent. In trading, it's fascinating to enter trades when the "body" begins to feel it's right, even before the setup occurs only to see the setup being confirmed later. Often our intuition leads to a failed trade, but the ability to trust this intuition, right or wrong, has certainly created more confidence within myself at least, during each trading day. Sometimes, I don't have this feel at all, while other times, it's strong. Just letting it work naturally, while absorbing more and more experience on each trading day, is by far one of the most incredible trading experiences that I've had the pleasure of "realizing" over the past year or so of my trading. One thing to distinguish...Newer traders may feel they have intuition, where it might be just "hope" or "want" as I feel they don't have enough experience to justify it as intuition..this is just my opinion as I feel intuition is bred upon experience of information being digested by our inner self, ready to be released at a later point in time. I mainly say this because I would hate to see "intuition" as becoming the next major buzzword of trader's that haven't a clue on how I perceive it to work. I've already seen, "keep your stops, money management, trading psychology, tape reading, etc." as selling buzzwords by those that take it on a face value approach. Intuition by rights requires something deeper in understanding (in my opinion) that I'd hate to see newer traders denying themselves the right to have this process develop, by thinking they have it right off the get-go. Again, just my opinions. Respectfully, Chris

To: aldrums who wrote (397)	2/11/2001 11:22:19 AM
From: Threei	Respond to 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