Re: Does intuition have a place in trading or is it pure self-deception?
I have read many times that professional traders operate following clear systems and without emotions. But I have also seen interviews where several mention �intuitions� or �heartened� that led them to make important decisions. Is that not contradictory? Is intuition a valid tool or is it just a disguised way to justify bad decisions?
Re: Does intuition have a place in trading or is it pure self-deception?
Intuition isn't magic or witchcraft, it's just accumulated unconscious experience. If you've been looking at markets for years, your brain starts detecting patterns without you noticing. That doesn't mean you have to operate on that alone, but it can give you an advantage if you combine it with a solid system.
Re: Does intuition have a place in trading or is it pure self-deception?
Please stop romanticizing �feeling.� That�s not intuition, it�s camouflaged FOMO. If you need to justify an entry that has no technical or statistical logic, then you�re not being a trader, you�re betting.
Re: Does intuition have a place in trading or is it pure self-deception?
I have operated with intuition many times and in more than one has saved me from losing operations. Obviously I do not rely on that alone, but it does help me make faster decisions when the market goes crazy.
Re: Does intuition have a place in trading or is it pure self-deception?
What happens is that the majority confuses intuition with impulse. One thing is a hunch based on experience, and another is to get into the crazy because you think that �this time yes�.
Re: Does intuition have a place in trading or is it pure self-deception?
I prefer to trust my graphics and my rules. �Intuitions� cost me thousands of dollars. When I stopped listening to my stomach and started following my plan, that�s when I started seeing consistent results.
Re: Does intuition have a place in trading or is it pure self-deception?
This is like in poker. The best players have a developed instinct, but that instinct comes from hours and hours of gambling. Trading is the same. If you�ve been on the market for 6 months and say you have intuition, you�re most likely self-deceiving.
Re: Does intuition have a place in trading or is it pure self-deception?
Good topic. I think intuition exists, but as support. If your system says one thing but you feel something doesn�t add up, maybe it�s worth a closer look. But never make decisions just because of �presentences.�
Re: Does intuition have a place in trading or is it pure self-deception?
This is very simple: if you can't repeat your operation 100 times with similar results, then it doesn't work. And intuition can't be replicated. End of discussion.
Re: Does intuition have a place in trading or is it pure self-deception?
What a limited vision. Do doctors not develop intuition over time? And chess players? But of course, in trading it seems that everyone must be robots... ridiculous.