This - exactly. "Intuition" is mostly educational: it may not feel like it, but it's developed through extensive experience, from picking up things subconsciously or almost subconsciously. The intuitive traders are the ones with the most education and screen-time.
Backtest or keep a log of this for about a year. Do statistics on this intuition and psychological feeling called confidence because you don't want the mistake of believing in something that has no statistical proof that such is true. To truly reach such a level as a discretionary trader (someone that's not using automation)...takes many years of real money trading experience. Only a small percentage of traders reach that level because most traders blowup or quit before such develops. You're new to this game called trading. Therefore, I highly doubt you have any valid length of statistics to support what you're currently seeing in your trading. For example, ask yourself this...you profitable trader and for how long ? That's a rhetorical question and I already know that answer because not too long ago you specifically discuss how you were doing in trading in another thread and the difficulties. That's why I say I highly doubt you have any valid length of statistical support because if you truly have reached that level that takes many years to reach of successful trading...what you stated within the past year about your trade problems would have never been stated by you. P.S. If this confidence only shows up AFTER you're in a trade and only AFTER it starts to go your way...that's something else. In contrast, if that confidence shows up PRIOR to your entry...that's a different ball game and it implies you understand your trading plan, you know its successful and you know you are following your trading plan for that particular trade.
Yep. It's all about knowledge and experience. Our consciousness is just a thin layer of our whole mind. Teaching your subconscious right things and learning how to use your subconscious skills are keys.
Behavior Finance...assuming you're talking a decision making process involving investing, trading or anything to do with money. Our brains is wired the wrong way when its time to make a financial decision in a very short time span. It takes many years (not days or months) to reprogram the brain so that it can make good decisions when under pressure with decisions that need to be made in a very short time span. Thus, you're correct. Its a "learning process" and most blowup or quit prior to understanding that "learning process" and applying it (reprogramming).
This is my opinion out of my experience. Stock market speculations are made of 99.99% RANDOMNESS and 0.01% PREDICTABILITY (from a trader's perspective) (Investment anyway has got nothing to do with these randomness) The momentary 0.01% predictability can be grabbed more safely in intraday than positional/swing trading because the later has the vulnerability called "gap ups/gap downs". If an "intraday" trader cannot "Get It" in 1000 hours, then most probably he may not get it in 10000 hours. A "positional/swing" trader will never "Get It" even in 10000 hours because it is purely gambling due to "gap ups/gap downs". A successful intraday trader can extend a bit into momentum based positional trading but not beyond couple of days. In short the stock market speculation has NILL meaning to investors. The fundamentals has NILL meaning to a trader. Stock market is independent by its own characteristics. And its primary nature is RANDOMNESS from a trader's perspective. Trader has to purely depend on his trading skill and not much on any knowledge/idea/theory/strategy.
Its called emotionally guided trading. Please visit my thread for more details. http://www.elitetrader.com/et/index...otional-intelligence-than-emotionless.299723/
Work with feeling in trading, seems not always work all the time, might only in lucky will often gain, as I know trading required knowledge and experience not only use feeling
I think this is not about feeling, but experience to analyze the trend market with patience, feeling is only use instinct to determine possibility the trend ahead, but with experience and deep learning hence as trader will trying to identity the trend with their knowledgte
This is a good level -- this is the Jedi level of traders. Trading is part art, part science...and the Jedi traders...kind of have a sixth sense for their craft, This level of trading is a very small, elite club -- no pun intended
Trading is part art and part science for those not using automation. cashclay needs to make sure he's not getting the two mixed up. Too many get the two mixed up and then when we mix in some psychology...the talk of edge takes on a deeper meaning for traders not using automation.