Why is it that I possess got valuable intuitive hunches close markets in addition to non close fracking hydraulics or wing fishing? Not a difficult question: I possess got no experience amongst fracking or wing fishing, but pass easily an hr or ii each solar daytime reviewing recent markets in addition to researching past times markets. The accumulated experience of the review in addition to enquiry creates an extensive database for noticing patterns that would otherwise live on hidden. It’s that existent fourth dimension blueprint recognition that manifests itself every bit intuition.
To prepare a keen intuition, nosotros must starting fourth dimension pay a tuition inward price of deep immersion, observation, in addition to study. We can’t get together the puzzle if nosotros haven’t starting fourth dimension gathered the pieces.
I of late had an interesting idea: What if I made my trading decisions the means I possess got made my best life decisions?
It’s slowly for me to seat my best life decisions, from selecting a career to taking sure enough jobs to finding the correct spouse, to selecting cats to rescue in addition to adopt. I’m normally reasonably modest, but inward those areas I’ve made around bright decisions.
What’s interesting is that I made those decisions the same way: I focused on a few of import things in addition to thence merely lay myself inward positions of chance in addition to waited for the correct situations to acquaint themselves. The few things I focused upon were the things that brand me autumn inward love: factors that are deeply meaningful. When those appear, I experience an immediate attraction. I *know* this is the correct choice. That’s the intuition–I’ve been thence immersed inward what’s of import that I become a powerful scandalise when those factors describe up.
When I’ve made bad decisions, it’s been for i of ii reasons: 1) I become into a pros in addition to cons means in addition to start analyzing in addition to overanalyzing the choice; or 2) I experience a require to brand an immediate determination in addition to convey a skilful option rather than i that I autumn inward beloved with. The starting fourth dimension approach–overanalysis–has led to musical note deaf decisions: ones that maybe made feel on paper, but were altogether incorrect for deeply personal reasons. The instant approach–compromise–has led to unfulfilling decisions because the decisions were made out of need, non out of a grounding inward values.
Every peachy determination I’ve made is i where I’ve fallen inward beloved amongst the selected alternative. It’s been the consequence of intensive focus on priorities (the tuition) followed past times the feel of those priorities lining upwardly (the intuition). Every bad determination I’ve made has been made out of insecurity (the require to overanalyze) in addition to require (the fearfulness of non making a decision).
So dorsum to the question: What if I were to brand trading decisions the means I brand my best life decisions? What I would produce is focus on a few essentials, stand upwardly back, await for those essentials to describe up, in addition to thence autumn inward beloved amongst the thought earlier putting it on.
I tried that this week: iii winning trades, 1 loser. The winning trades were much larger than the loser. I traded much less often, but loved the trades when I lay them on. The losing merchandise turned out to supply the information that led to the adjacent winner. If a merchandise I loved didn’t operate out, I figured, maybe the marketplace was entering a novel regime.
Overtrading is taking trades nosotros don’t love. We overanalyze in addition to nosotros fearfulness missed opportunity. We force to uncovering skilful trades, forgetting that the peachy trades come upwardly to us. I suspect if you lot know how to autumn inward love–really autumn inward love–you know what it takes to merchandise well.
Further Reading: Paying the Tuition for Your Intuition