[thetradingdoctor]

Originally Posted by brownsfan019 »

Doc - I personally never found much use of following your intuition since the majority of the time the crowd mentality is wrong. Unless you are able to discern the difference between when the crowd is wrong and right, it's a losing proposition in my opinion.

Here's what I mean - give a trader access to a dom and that's it. Tell them to trade their gut and I think more often than not you'll find the account down substantially at some point. I"m sure there are some that can trade from their gut and do well, but I would think that more often than not it's a losing proposition.

For anyone interested in testing this out, open up your simulation dom and have at it. Of course once you are learned in different tech analysis, you will always 'see' certain things even if you try not to. Once your eyes and brain have been trained to find certain patterns or formations, you will search them out even if you try to fight it.

This is a good point, brownsfan and it gets back to what we know about the stages of trading competence. If a trader is unconsciously competent, the trader "knows" what to look for and what to do. I heard a story once about a guy that used to come down to the exchange in the 1940's. He looked like a bum--unshaven, dirty, smelly. He walked into the exchange, put an empty coke bottle against his ear and placed a trade. He said he got the message from the coke bottle. His trades were amazing-- very profitable and the others sitting around the exchange tried to figure out how he did it. They never could.

You are right about the masses, but it is important to understand that you are unique and your intuition might not be the same as that of someone else.

Then...there is that famous dart board. What about that? Statistically speaking, stocks are not serially correlated. That means there is an equal chance for the stock to go down as there is for it to go up. Where is the real skill in trading? What is the real skill in trading? Is it the implicit knowledge that comes from seeing patterns over and over again and acting on them? Are there trading savants? Why do some people just seem to "get it?" while others struggle for years and years?

Thanks!

Doctor Janice

[walterw]

Originally Posted by thetradingdoctor »

III: Dr. Stephen La Berge conducted extensive research on Lucid Dreaming and wrote popular books on the topic. Lucid Dreaming occurs only 1 to 2 percent of time during REM sleep. It is the type of dreaming in which an individual is aware that he or she is dreaming. Dr. LaBerge concluded that the purpose of this type of a dream is to make the dreamer aware of something important. With practice we can direct our lucid dreams and improve our ability to navigate through them.





Thanks!

Doctor Janice

Well thats interesting Janice... you see most of my dreams, and I dream a lot, Beautifull Dreams ¡¡¡ great places ¡¡ great circumstances.. I just have a really delightfull dreaming life... in ALL of them I am somehow aware that I am dreaming...

About my spiritual life I am in a more conservative non-esoteric relation with God... and thats the God from the Holy Bible... and Jesus his Son... knowing him has made my life completly diferent... thats where all the true Joy and blessings come to me... if this Spiritual condition in my relationship with God interferes with the quality of my dreams, I believe it does, as I live on a permanent state of peace... not that I dont have problems as any other person, just that I am in a great inner peace...

Thanks Janice for this great thread... love to interact ¡¡ cheers Walter.

[AbeSmith]

Originally Posted by thetradingdoctor »

This is a very powerful and thoughtful post, Abe. The way the brain is constructed, there are two main pathways for processing decisions. One is rapid and emotional and is the limbic or rat brain. It is largely subsconscious and intuitive or instinctive. The other is the new brain--the cerebral cortex.
This is analytic, non-emotional, logical and linear. The rat brain is a very fast processor and can completely take over the new brain-- especially in situations where one is bombarded with large amounts of conflicting information ( eg, during the trading day). Under these circumstances, the new brain "defaults" into the rat brain and the decision is made based on emotion. It is only later, perhaps in quiet, down time or in sleep when the new brain is has time to think about what the old brain has done without thinking.

What do you think?

Thanks!

Doctor Janice

It's very interesting Dr. Janice. Thanks for your expertise.

[brownsfan019]

Originally Posted by thetradingdoctor »

Then...there is that famous dart board. What about that? Statistically speaking, stocks are not serially correlated. That means there is an equal chance for the stock to go down as there is for it to go up. Where is the real skill in trading? What is the real skill in trading? Is it the implicit knowledge that comes from seeing patterns over and over again and acting on them? Are there trading savants? Why do some people just seem to "get it?" while others struggle for years and years?

Thanks!
Doctor Janice

Doc - in a theoretical sense, I agree that there really isn't anything to trading as the position has a 50/50 chance of working when you take the trade. The problem arises when that human emotion kicks in and/or if you let intuition take over in my opinion.

I'm sure there are some trading savants out there that we will never know of, but since this is such a rarity is why the rest of us look for those reliable, repeatable patterns that you mentioned. I think most traders do this simply b/c we know our intuition in and of itself is just not enough. From there, it's simply a matter of finding that 'edge' and exploiting it.

[thetradingdoctor]

Originally Posted by brownsfan019 »

Doc - in a theoretical sense, I agree that there really isn't anything to trading as the position has a 50/50 chance of working when you take the trade. The problem arises when that human emotion kicks in and/or if you let intuition take over in my opinion.

I'm sure there are some trading savants out there that we will never know of, but since this is such a rarity is why the rest of us look for those reliable, repeatable patterns that you mentioned. I think most traders do this simply b/c we know our intuition in and of itself is just not enough. From there, it's simply a matter of finding that 'edge' and exploiting it.

Good points, here brownsfan. What do we do when we trade? We look for patterns that repeat. Our edge is in pattern recognition and the disciplined execution of the trade. I am coming to believe that a large part of what is called "trading intuition" is built into the brain syanptic strategy that underlies the fourth of five stages of mastery. That stage is called "unconscious competence." I will send an article to James that describes the stages of competence ( in case anyone needs a refresher or reminder). Thanks for this post brownsfan and please let me hear from others?
Thanks!

Doctor Janice

[walterw]

I am interested on that article... "unconcious competence"... certainly Janice if we did not had that, trading would be devastatingly stressfull... I like the autopilot concept and for shure it does not mean that we previously didnt need an "entrainment" founded on good solid technical arguments... thats why that instinct does not necesarily denies technical preparation, all of the contrary, I believe that instinct comes from your technical background... hope you understand me cheers The chimp...

[thetradingdoctor]

Ask and ye shall receive, Walter! Article: So You Think You Can Trade?
has been posted, thanks to James.

Doctor Janice

[walterw]

Originally Posted by thetradingdoctor »

Ask and ye shall receive, Walter! Article: So You Think You Can Trade?
has been posted, thanks to James.

Doctor Janice

Once again, you are spoiling me Doc ¡¡

for your amusement some chimp stuff , enjoy











cheers The chimp.