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Showing results for tags 'intuition'.
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How Important is Intuition in Your Trading? I definitely rely alot on intuition based on global market information, market reaction to earnings/news, and then determining the potential of a trade at a S&R level. As a result my style is shifted heavily towards the discretionary side which lacks any type of systematic approach. I do not have concreate rules at all except risk management. Perhaps my style has transformed this way due to my lack of progamming skills or perhaps by being around and learning from discretionary traders. We often phrase the markets in such ways like, "Market smells funny", "Market feels ready for a bounce", "Markets smell like fear", etc... The topic here is how much intuition do you use in your trading? What are the factors that you consider part of your intuition? Is there an edge for intuitive traders vs systematic traders? Are intuitive traders more flexible in adjusting with the markets? I often view my trading as "free style trading". Very quick to change my mind, and S&R levels are often dynamic adjusting levels throughout the day and night. If I was told to write a book explaining my methodology, I probably could not at this point in my career. Lets get this discussion rolling
