"Intuition is the mother of creativity." https://www.elitetrader.com/et/thre...you-insanely-rich.306700/page-11#post-4408107
Intuition and Humility https://www.elitetrader.com/et/thre...you-insanely-rich.306700/page-18#post-4408669
Psychology : Manage Vs Use https://www.elitetrader.com/et/thre...-learn-day-trading.306659/page-6#post-4414799
Chart Pattern Vs Math Model https://www.elitetrader.com/et/thre...-unique-or-similar.306934/page-8#post-4410812
It is a language of priorities. Pretty tough for most traders to get it. Traders have two responsibilities : protecting the investment and making profits. Beginners generally give first priority to making profits. Seasoned traders give first priority to trading safely. Any outcomes in life depends primarily on our priorities. So is the case in trading too. If trading is a very friendly scenario then priority to making money may make us filthy rich. If finding a genuine edge is a child's play then no priority is important. If stoploss is the only way to stop the loss then giving first priority to protect investment is surely a stupidity. For example scalpers have no meaning to stoploss. Their stoploss is in their instinct. If entry rules tell us when to enter, then why not the same entry rules give a clue when the signal fails. Who should the stoploss be a fixed one? Why not it vary case to case? Fixed stoploss is an inneficient method. Those who lack creativity and insights will use standard stoploss and also wont work harder to create a genuine edge. Majority of traders can trade inneficiently. That doesn't mean everyone have to follow the same suit.
Painting an Art Vs painting a fence https://www.elitetrader.com/et/thre...-learn-day-trading.306659/page-7#post-4416138