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When it hit 30.00 this morning, I sold it all.
Bob
At 08:57 AM 1/9/2008, you wrote:
You guys are sounding a little
crazy :) I like this group. I think there's
different voices/feelings that are difficult to separate under stress,
like instinct and intuition. Instinct can be fear of the unknown,
which is natural and just the way it goes, I want solid setups but
waiting for the outcome to become obvious is missing opportunity.
Then there's intuition, not a magical knowing the unknown but
experience. With experience the mind trains to pattern recognition
quite beyond what the cognitive can readily explain. Anyway, what I
wanted to suggest is check out the article; This is your brain on
Trading.
http://www.thetradingdoctor.com/pdf/ThisIsYourBrainOnTrading.pdf
Mike-pdt
Well Don, I can only speak for
myself but I can't trigger my intuitions. It would be great if one
could do that but in my case, I'll be ready to place an order after much
research. I'll have the order entered and only need hit
"send" and my finger poises over the button .. it is at times
like this that I just have a sense it's a bad decision. There is no
logic behind that thought. No fundamental or technical reason to
not hit that button. I've done my research completely and my common
sense says "go" .. the trouble is, that voice .. it halts my
finger in mid-air and I normally just drop the buy, sell, cover,
etc.
The other manner in which it manifests itself is I'll be watching the
market indices and screens full of symbols when all at once, I sense the
market is about to set sail higher or that the bottom is about to fall
out. Nothing that can be seen on the screens say that.... but the
voice .. I've either been at this too long or I'm just getting good at it
.. I'll have to ask the voice
Bob
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