The caricature of a trader is watching to matrix-like defiling numbers on large screens, master mathematics, and do geometry on impressive looking chart indicators.
Let’s call them the "methodical traders"
“You can’t predict the way one man will act. But you can statically know what one million of them is the most likely going to do” - Someone on IRC, last year
This is about past performance and risk management: What’s the overall performance of this pattern ? What’s the pullback rate ? What’s the risk / reward ratio ?
All of this have to be known and the trader’s reaction is based “solely” on those number-convertible facts.
It looks like they could simply code a program to trade for them.
But there is no such thing as an ever-winning trading bot.
All humans use intuition, consciously or not
Definition of intuition, from toucancrypto, forked from Wiktionary
Immediate cognition from the use of subconscious rational processes.
A perceptive insight gained by the use of this faculty.
It's based on rational facts that may not be number-convertible. The methodical trader can’t calculate them.
However, intuition can seems blurry, laced with emotions, and therefore unreliable. Let's see a few ways to improve it:
Practice mindfulness, you will be able to visualize your sentiment in an unclouded way.
Look each days at charts in which you are not emotionally involved. Simply look at them, let your mind be blank, no analysis here. It will learn you to get the feeling of what the composite operator is going to do.
Read a lot of news, but only the titles: it's sufficient to get the sentiment about the market. Reading the actual article is a waste of time.
Feel, don't think. This is what it's all about!
This is plenty enough for now, if you want to go deeper, I advise reading "the artist's way" by julia cameron. That's not a product placement, you can find it on thepiratebay.
Upvote and comment. If you have followers you can even resteem 😉
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