As I emphasized in this of import post, traders know to a greater extent than than they know they know. This is the outcome of internalizing patterns inwards markets over time. The resulting "gut feel" for markets provides an intuitive rate of recognizing when those patterns are occurring inwards existent time.
A fundamental challenge for traders is that they are oftentimes inwards frames of hear that deny them access to this intuitive, implicit rate of knowing. Among the states of hear that interfere amongst one's gut experience for markets are:
* Fear in addition to anxiety;
* Anger in addition to frustration;
* Boredom;
* Overconfidence;
* Pessimism in addition to depression;
* Excitement in addition to thrill-seeking.
As a rule, the to a greater extent than nosotros are focused on profits, losses, in addition to self-related thoughts, the less focused nosotros are on the patterns playing themselves out inwards markets. It's that focus, inwards part, that provides us amongst access to the gut.
Biofeedback is a useful tool for grooming ourselves to acquire inwards in addition to remain inwards the acre needed to access our implicit knowledge. (See this post for a summary). By sustaining a acre of calm focus, nosotros tin plough over the sack recognize hunches in addition to insights every bit they materialize.
This may move 1 argue why nosotros tin plough over the sack merchandise similar pros on sure as shooting occasions in addition to similar rookies on others: the acre we're inwards may render or deny us access to the designing recognition skills underlying nigh active trading. We cannot access our internal skilful if our attending is drawn elsewhere in addition to our thoughts in addition to emotions are drowning out our intuitions.
More on this topic presently to come
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