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iqGod's Own Country


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iqGod's Own Country

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  #31 (permalink)
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Gerd Gigerenzer uses the term 'unconscious intelligence'. I also think of it as heuristics (good rules of thumb) and 'feel', I think we all know roughly what we mean by it, and it's what the experts in most fields do without being aware of it. My two latest best reads are his books 'Gut Feelings' and 'Risk Savvy' (there are financial chapters but neither is directly trading related.) Now if only I could remember where to find it and what to do with it...

LOL.

You're right, we do know what we mean by it.

The problem is when we try to say what we mean (which is another kind of intelligence), as well as when we try to put it into practice (I think that the noise in the system [our minds] drowns out the quieter knowledge that we're talking about....)

But I think that learning to be aware of that, and to trust it more, is true expertise, or intuition, or whatever words seem right to call it.

Bob.

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  #32 (permalink)
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Bob,

You are on the right track.

It is just practice practice practice till you internalize the validated beliefs that YOU have formed based on your experiences with the market - just put in the screen time and you automatically get there.

Read the Mental Game of Poker by Jared Tendler for how to get started.

I am a long time fan (a decade and more) of Vipassana i.e. mindful meditation. I started this thread but then stopped posting my experiences publicly - intuition grows better in the shade than harsh stage spotlights.

Bridgewater Boss ;
How Meditation Makes Ray Dalio Feel 'Like A Ninja In A Fight' | Business Insider

I also practice meditation, but still learning (how) to go beyond light trance without falling asleep...
any thoughts maybe ???


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  #33 (permalink)
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Bridgewater Boss ;
How Meditation Makes Ray Dalio Feel 'Like A Ninja In A Fight' | Business Insider

I also practice meditation, but still learning (how) to go beyond light trance without falling asleep...
any thoughts maybe ???


Ummm.... perhaps that happens because we try to 'comply' with a widely (mis)understood notion and think meditation is 'emptying your mind'. When we use force to empty the mind, and when use meditation as an escape to enter a 'blissful solace state' we simply invite Hypnos instead of Pasithea.

Try meditating while using your running shoes (you can mindfully can do everything except closing your eyes).

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  #34 (permalink)
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A note to myself is that I should not go around with an air of being a mindfulness 'guru' - so for all those who are seeking help, know that I am subject to occasional lapses- the key is to recognize emotions while they are bubbling up and 'popping' them or defusing them before any actionable harm occurs from your 'I' or ego.





Here is where I would have ideally stopped, but a jolt of such bad news was delivered by my wife (exactly at this point) that I felt disgusted in general with life and tried to force the market with this additional loss. The news was personal and emotional enough to derail me, but I have survived... this happened because I allowed myself to be neutral and to take the ME out of the equation, but was numbed by monetary losses so 'didn't care if I died in the market'.

Hence this, for me, is 'part two' of the trading day:




Essentially an outlier day for me, I would have needed to be a monk to control the rage inside me because there is nothing that can be DONE to correct the sadness and it is in times like this that you cling to the power of prayer:

God grant me the serenity
to accept the things I cannot change;
courage to change the things I can;
and wisdom to know the difference.

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  #35 (permalink)
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  #36 (permalink)
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+$60 after long hours, mostly caused due to (one) impatient entry.

This was taken in the slow moving Asian session:





The last trade was a long wait and was exited at breakeven (could have made one tick on it and would have had a win trade of a huge duration, but did not violate discipline to risk it):



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  #38 (permalink)
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Am out of the market at net +$60 today and with a trade holding time of 3 hours 45 minutes.

I had positioned myself more than three hours prior to FOMC and was long had a wide stop (48 which did seem likely to be run since it was close to the 50 level), waited and then finally FOMC gyrations started, price almost reached stop and then I finally exited with one tick profit.




Am currently long on real money account from that "FOMC bottom" with a 30-tick target (1.3600)

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  #39 (permalink)
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Just as a follow up on that real-money long, I chickened out before 1.3600 - am currently flat.


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Mistake to learn from: Took a trade with poor risk reward to avoid being proved wrong. Early entry to prove smartness.

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