It was my previous experience taking a Udemy course. I like the delivery manner of George Levy, and this course, though by a different author, was equally engaging. It also had a long example worked of creating a website on Wordpress. My ISP provider of 25 years also uses Wordpress, and I need to make a complete rewrite of my website. This was an added bonus. And the price, at < $20, was an added incentive.
I try to share some experience, I hope will clear up what intuition is about
There was a time I felt devastated after got a big lost, I was almost reaching my financial freedom, but I lost it by one mistake drove by greed.
I was retreat for around 2 weeks. Cut short, I met a meditation guru and telling about what inner self is. Speed up the story, I did meditation with him for 1 week and got explanation about what intuition really is.
Intuition is cumulative knowledge in the past that we able to access at current moment. So the longer a person can remember the past, usually will be wiser with intuition.
There are people have shortsighted, can’t remember long past event, this kind of person wont have intuition.
So, intuition work by 2 conditions: experiences and the capability to access long past memories.
For example there is person with 2 years trading experiences claims has trading intuitions. Let says he/she super memory to remember 100% the experiences, his/hers skills wont be the same with someone who has longer experiences.
I had a friend who has autism. Despite of his condition, his memory is above average. He is a good trader, he can trade patterns that we can’t see. But when I asked why, he explained by showing repetitive patterns on 2007, 2010, 2015 which happened long time in the past.
I only want to say, carefully to claim intuition easily. Intuition is part of spiritual or part of human psychology. It’s not something vague, it can be measure accurately either from meditation or psychology science. I have a degree in psychology anyway.
I agree, relying solely on trader’s intuition isn’t foolproof. Even the best trading systems and indicators can’t guarantee 100% accuracy. It’s all about combining intuition with solid analysis and staying adaptable in the market. As they say, “Trust, but verify.”
Interesting question. I am still on the learning curve!
I think it takes time to get familiar with the market
Familiarity grows gradually with each day you spend in front of the trading terminal reading charts.
Sure, everyday you learn new strategies, and stay updated with market trends. I often look for valuable resources like educational materials, webinars, and sometimes even mentorship opportunities. What about you?
No there is nothing like that. Yes there are some situations where your intuition tells you to react but on the basis on Some Of evidential information that helps you make a better decision. Trading is all about reacting to what happens not reacting to something that’s not happening It’s definitely a psychological Thing when you loose but you don’t want to accept the loss and it makes you emotional and tells you to hold onto a Losing position So you reacted to something what was not there . When you are in a losing position you hope at the wrong time and being fearful at the wrong time. Cut the losses and Let the profits run
That’s a deal then. There are a lot of pretty good courses on Udemy, and at really good prices too! Courses outside are ranging from $100 and beyond.
That was a detailed explanation, TYG. Super thank youuu! One thing that I realized while reading your response is that it seems more and more traders are meditating and becoming more attuned with their spiritual selves.
If would definitely help if you can remember a lot of price movements. After all, they say history repeats itself. Can’t get more cliche than that!
First time I’m hearing of this, but sounds legit! Haha. I trust. If you don’t mind Dynamo and this might be totally random haha, how long have you been trading?
There’s no rush! I feel like it might still take a while for us. But hopefully, we’ll get there.
I wish I did. Hahaha. But I fear it would take me a decade more before I can even claim that I have it.
Hi @ria_rose, I meditate almost everyday. What I feel is, the urges are suppressed. It makes me trade realistically. It makes me easier to decide everything base on my trading stats. I also can also maintain my calmness during high floating moments.
Having mindfulness looks into our “fear”, gives better understanding about ourselves and our need. It keeps my sanity and urges during my trading sessions.
During “slow market”, I also can meditate or having fun with cats to kill time. It also helps me to discover many trading methods. ( I feels like a marketeer here )
Trader’s intuition or gut feeling has broken more accounts than anything else I know. Yes, you can get a feel for the markets but you must stick to your program and the rules you have set for yourself or you will never be successful. Just like a pilot who has flown a thousand times checks his or her take off and landing list every single time, a trader should think in the same manner. That’s my take, but other people may differ.
Thanks for posting a well-detailed discussion and it must be of highly helpful!
Intuition in forex can be confused with the desire for the price to move in the right direction. Intuition can work if the trader has enough experience, but he is a human being and can also make mistakes.
No it’s all about the process of elimination I’ve tried everything for 15 years I’ve been doing the process of elimination, if don’t work try something else, until finally recently I cracked it . Recently posted the stock crash and today xau chf sell
It’s not about emotion or intuition at all , otherwise you could just pray to the candles
Interesting! Has this been part of your daily routine even before you started trading, or is this something you picked up along your trading journey? I’d like to get started on this but I feel like I’m always running out of time to do so.
That makes sense. I guess, completely relying on gut feel or intuition without any strategy or system to back it up, can lead to inevitable losses. In this sense, it seems like it’s more like “guessing” rather than intuition tbh.
Manifesting! Haha. Manifesting for price to move in the direction of your trade. I’m very much guilty of this. But I agree. I feel like it’s pretty clear that relying solely on intuition isn’t a strategic idea. It can work at times, but it can also lead to losses.
What do you mean with the process of elimination? What do you eliminate? Feelings? Indicators? SLs? Systems? I just think it’s a bit too vague.