As part of my trading development, I am working hard to improve my ability to listen to my natural intuition to help me make snapshot, instinctive decisions without the need to expend too much thought or analysis in any given trading situation.
Intuition is often considered the domain of psychics or those ‘experts’ who have been practicing their art for decades. I believe that with a clear mind and conscious effort to develop this aspect of the human psyche that these leaps of judgement can be obtained in a much shorter timeframe.
These posts are my exploration of the subject and will reflect my own understanding and development as time goes by.
Do you believe that intuition (or trading intution specifically) only comes with many years of experience?
It’s a commonly held belief for sure. But the truth is you make intuitive decisions every day in your daily life, sometimes using only minutes or even hours’ worth of ‘past experiences’ and memories to call upon. It’s why you’re good at your job, right?
Could you use this same power to make yourself a better trader? Even if you’ve only just started trading?
Every time you make a decision, you are faced with a choice. Should you take your time to review objective information or should you trust your gut and go with your instinct? Well, according to a recent study by Rice University, you should go with your gut…
Do you have a plan for tomorrow? I don’t mean a trade or anything complex like that; I mean a simple plan. For example, it could be to wake up at 6am, have a shower, get dressed, have some breakfast, travel to work for 8.30 and steal 30 mins of flexi time – that kind of plan. If you can think of a plan, I’d like you to be part of my 2013 trading experiment. All you need to do to take part is answer one simple question: did the plan work out how it was supposed to?