|
PureBytes Links
Trading Reference Links
|
I agree with TJ here because conditions are for ever changing. The price
chart can look the same as well as the indicators. But something may have
changed in the market so the intuition will dictate a different action than
the time before under similar conditions and chart appearance. An example
would be how a market reacted to positive news or negative news. Might be
compared to watching your favorite football team. When you see them play
sometimes things are different maybe worse maybe better but you can see and
feel it. You can also tell when your football teams changes from good to
bad long before the score says its either way. You hear people say well
they just didn't look good today, why? Can you program that good play or
bad play noway. You can program all the statistics of the players and
weather conditions for that team and beat a guess for winning or losing
against another team. But hey its was good for me to think about this thanks.
Robert
10/20/98 -0700, Trade Jack wrote:
>i think intuition is the key to discretionary trading and one of the
>impossible elements to program. sure, you can get at my conscious
>rules, including the rules stashed in the back of my head. but i
>believe intuition operates in the unconscious. there's no way to
>program that, much less study it!
>
>so what you're trying to do is indeed impossible. how creative and
>intuitive processes operate in the human mind will remain unknown
>until one can model those processes. just my opinion.
>
>TJ
>
>
>---Gary Fritz <fritz@xxxxxxxx> wrote:
>I don't think you have to know exactly how the thought processes work
>in order to approximate their results. An airplane doesn't fly in the
>same way that birds do, and you don't have to understand all the
>detailed principles of bird flight in order to develop an airplane.
>
>Again, it ain't easy, but that doesn't mean it's impossible.
>
>I believe "intuition," for 99% of all discretionary traders, is just
>another word for "some rules I have stashed back in my head that I
>really don't understand." Like I said, those deeply buried rules are
>damn hard to pry out of the expert's head, but again, it's not
>impossible.
>
>
|