I figured it was either a copy-and-paste or somebody with a multiple personality disorder. If you are going to quote someone else, then give reference.Originally Posted by ;
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I figured it was either a copy-and-paste or somebody with a multiple personality disorder. If you are going to quote someone else, then give reference.
Thank you.
I know that there are people who do this, and that are profitable, and that I say good luck to them. But I believe that this is really an awful method of trading. It had been downrivertrader who opened my eyes to this. You have an instinct for a reason. Blocking it off leads to angst and fruion. And blocking it off is a way of not dealing with yourself. You need to train get to know yourself, your own instincts, and that is going to lead to mistakes. But in the long term, it's a lot less stressful.
No - that is the purpose. Do not blindly adhere to any system but instead use your discretion - intuition - that then requires the rules of your system to violate once the time is right.
Page then. But, how does one know the right timing?
Instinct! I know that sounds like a cop-out, but your subconscious picks up than you know or can articulate consciously. If you let it to - by that I mean commerce once you feel like you truly feel as though, it becomes better and learns from errors and errors. It is in fact the complete opposite to Mark Douglas et al.. I used to think his book was fantastic, but today I think it has some thoughts inside.
This isn't to say you should exchange without being aware of what you are doing or become sloppy about it of course.
I would not say that it is a cop-out, but IMO one might need to be a very experienced trader, in order to have a sufficiently'edued' subconscious. If the subconscious mind has trained itself to comprehend profitably timed entrances that happened in the past that might indeed be helpful. But I'd have to mention that it is fortuitous guesswork. I think that's a significant distinction.
As a relative newcomer, once I visit a chart, then based on my focus, and my present mood, I can have voices in my head telling me to buy, and voices telling me to sell, both at the exact same time. For instance, when I visit a wholesome pinbar within an uptrend, one voice states reversal, aha! And while another voice says nah, it is probably just profit-taking, trade with the trend. Then I might place some that supports one perspective, while a news announcement will encourage another. And so Forth. I'm kept humble and sober by the notion that if I decide to start a trade, there is a trader someplace else whose equally persuaded by his own analysis to choose the opposite position. That's an oversimplifiion, but the most important thing is that any market needs a willing buyer and a willing seller, in order to function.
So I would need to mention that my instincts are not adequately edued to be helpful, and hence I find the only way for me to exchange is according to very concise principles: principles and patterns that I believe (or hope!) Will continue to give me a edge.
But every person differs. Each to their own.
Well stated,, trading is a probability game, provided that probability involves, there is no wrong or right answer in the stage of time prior to the PA becomes its history, even instinct could not make such conclusion. However, I would agree an edued instinct may improve one's winning hits,that will be a fantastic measurement for newbies to put effort.
Eloquent response as Hanover. Not sure you're that much of a newcomer now are you? 3 years or so?
Someone cleverer than me said that trading is all about instinct, but until you've been trading for 2 years, you do not deserve you. Too correct.
I concur with you, and yes, originally you're going to see a lot of fortuitous guesswork, however, this is how you train your own instinct. I don't think it is possible to shortcut that process, but I think you can lengthen it considerably by simply following the rules of a system (any system). Worse still, taking the advice of Mark Douglas - and that I can not recall just his words, but I recall he states many systems are profitable if you follow the rules and essentially indicates that traders who fail end up searching for additional information, shifting systems, when they ought to just repeat their system and take it is all a game of probabilties.
Again, instinct is all here. Your subconcious is trying to find info out, and he is advoing no, stop that, concentrate on. I understand what he is saying, and maybe it is a good idea to have a plan as a trader, this kind of rigidity is deadly.
What if you chose every transaction your instinct ? You say you've got two voices, so what if you chose? What if you chose every lead your instinct told you to follow up (read this, find out about that)? Because it is a tricky way of learning (it's possible to lose actual money when you shed together with being incorrect ), a lot of individuals give up and then read Mark Douglas that is quite comforting. I know I believed when I first read it it was fantastic. I really, really do not!
David
This reminds me of a post by ubeee where he describes a means of eduing your subconscious.
It's an intriguing idea in the under rated poster.
https://www.forexforum.co.za/general...as-system.html
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