denman......intuition is fine...needs to be trusted...but also needs to controlled
Noones intuition is always right.....(I wouldnt think) and therefore the fluctuations in same may vary according to variables one is most likely unaware of.
These however are likley to be idiosyncratic (apply to just you) whereas the market is totally independent of same
Therefore, one would suggest that you should certainly use use ones intuition but within the framework of the "rules" one adopts
That way you gain the advantage of the more ephemeral, hard-to-quantify intuition together with the more quantitative and more disciplined rules
The risk for mine is to go with the intuition when it violates the rules you've set.
Whilst there are many similarities between gambling and "investing"
...surely, its the interplay of the flair of intuition and the discipline of your "system of rules" that tells them apart.
