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Trading Psychology: Emotions, Intuition and Gut Feeling
I'm sorry but I can't see how intuition and gut feeling can serve me in the markets. If you don't have a thoroughly backtested strategy with a positive expectancy and you become almost a robot executing it you have no option being successful. At least that's my case and I'm sure it is the case for lots of people struggling in this contraintuitive world of trading. Intuition can only get you so far. Once you read 'Trading in the Zone' you understand.
I started trading the way you do and was very good at it. However, I moved away from that style to trade purely on gut feeling and intuition because I learned that's how I prefer to "read" and understand markets. I believe this change gave me an enormous advantage over the vast majority of profitable traders. In my experience the intuition-based route is more efficient and growth oriented. I also don't believe anyone can truly understand that until they do it for themselves.
this excellent book "Trading IN the Zone" is actually helping me survive... in the trading group i fell into. Had it not been for this book, I might have given up on my trading altogether. - AND I agree with an earlier poster's opinion: "In my experience the intuition-based route is more efficient & growth oriented. I also don't believe anyone can truly understand that until they do it for themselves. " Well said !
