Short Dow Jones ?, page-13

  1. Neo
    2,195 Posts.
    I'm definitely arrogant, and probably ignorant aswell sometimes. However i'm still open minded enough to learn new things everyday, and have learnt to accept being wrong( which was something i struggled with for a long time). Don't take offence to any of my comments, I do have genuinely good intentions( and possibly some good understanding aswell)

    Re your last post:

    I'm not sure how what I've said regarding having your own beliefs has anything to do with intuition? Those beliefs might of come from Statistical analysis of data series, or some computational model that has nothing to do with intuition- It could be completely mechanical.

    If you detach yourself from your beliefs then that means your not following your own rules, and have opened yourself up to outside noise & influence, so your trading decisions could start to become manipulated by someone else( eg people on a stock forum/Brokers/instos etc). Detaching yourself from your beliefs means your judgment actually becomes more clouded, since now you've gone and created more variables by letting in that outside noise- Do you follow? Having specific beliefs or rules means your decisions are also alot easier to make, as they become more mechanical in execution.

    What would of you done if for example 10 people had replied on this thread telling you that they were all certain the DJI was about to crash and that they were all throwing out massive short lines? Would you still be going back to the drawing board?

    I also hope you realize that traders have been relying on intuition since the very beginning of auction markets, the only traders who would call intuition "counter productive", would be the Quant guys who use statistical based models and Algo execution. I doubt that is you right now though? However it might be a path you're looking at going down, which is fair enough.

    I'm not sure if keeping your thought process rational is always the right approach to the market either, since the markets not rational, it's irrational...

    Perhaps keeping your thought process "simple" is the best approach.
 
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