Pages:
Author

Topic: Are you following your gut instinct in trading? - page 10. (Read 1196 times)

full member
Activity: 686
Merit: 108
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?
TA doesn’t always work we should look for something else sometimes, and its your guts that can help you. I’m just trading with some research but more on the guts because its works for me. I mean there’s a thing within you that TA can’t explain and you have to take that risk to earn more and its good its work.
jr. member
Activity: 252
Merit: 1
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?

I agree with you. sometimes it does work for me. Most of the time technical analysis of the market and signals do fail, but when you make use of your instinct it does perform magic. At that point, you learn and you will feel very happy. When it didn't work out you feel disappointed but you will still learn and gain more experience. It is good to use our instinct in trading.
hero member
Activity: 1470
Merit: 509
Definitely. Most of the time when I trade I check on the charts and all that but I try to follow the trend and the price usually moves around one or two spots and I try to buy and sell between those numbers without looking at the chart too much. If I feel like bitcoin will drop to a certain amount than I sell above that (well put sell order above it) and when I feel like it will be going up than I put a buy order at a bit below what I think it will reach.
Trying sometimes bring you earnings. But, trusting to chance every time when you fail to reach conclusion, will end your business. Imagine if you had lost instead of gain, what position were you now? When the analyzes do not work, watching is better than relying on luck.
full member
Activity: 466
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
Intuition vs luck vs skills.

Do you think you could survive in trading if you have lack one of these? I think it is better to have a combination of these 3 if you are trading, this is to ensure that your chances of winning will gonna get high despite of having a low score in one of these categories.
I agree with you, because sometimes luck can also be a part of us when trading. indeed there are many factors that we must consider in trade, so that makes trade difficult and challenging.
sr. member
Activity: 742
Merit: 257
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?

That instinct makes us confident in trading, but that instinct must have a reason, for example combining several indicators that all show buy or sell signals, so it's not the origin of guessing without reason.
member
Activity: 476
Merit: 88
Online Cryptocurrency Exchange
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?
There are quite a number of investors who have been very successful thanks to investing in the way they listen to their own voices. But to get an accurate voice, you need to have a high level of expertise and a lot of reasoning about the business you're about to invest. That word, inside you can create a voice and it will be quite accurate. We always need to cultivate knowledge to succeed.
We should bear in mind as well, that trading cryptocurrencies, due to trading volume has another factor - thinking what whales are about to do right now if we are speaking of short term trades. In the last 10 days we could see a number of attempts of BTC to make a strong move, all of them failed.
member
Activity: 663
Merit: 10
https://streamies.io/
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?
There are quite a number of investors who have been very successful thanks to investing in the way they listen to their own voices. But to get an accurate voice, you need to have a high level of expertise and a lot of reasoning about the business you're about to invest. That word, inside you can create a voice and it will be quite accurate. We always need to cultivate knowledge to succeed.
full member
Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
Sometimes I follow what I think maybe it worthly impossible to happened and for sure it's my own decision to do because its a strategy if the price going up or down. So made your own path.
legendary
Activity: 1442
Merit: 1025
Definitely. Most of the time when I trade I check on the charts and all that but I try to follow the trend and the price usually moves around one or two spots and I try to buy and sell between those numbers without looking at the chart too much. If I feel like bitcoin will drop to a certain amount than I sell above that (well put sell order above it) and when I feel like it will be going up than I put a buy order at a bit below what I think it will reach.

That is how I made most of my profits in the past 2 months, even tho price hasn't changed much I have made one of the most profits I have ever made in crypto for the past 6 years except the shocking 20 thousand dollar 2017 peak times. It is just getting to know bitcoin and understanding that it doesn't stay still and usually move between two positions constantly.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
I usually get inputs from other traders and use that as a basis of my trading ventures, though I don't solely rely on those alone. I also have my own strategies formulated over time, but it never is a pain to look at someone's prediction of what's to come and weigh whatever is more plausible and reasonable. Oftentimes, our gut feeling really helps, but that alone IMO isn't a sufficient basis for monetary/financial decisions as they are not guaranteed correct 100% of the time. You might kick yourself in the process while saying "I told you so" when you turn out right, but then again, deductive reasoning and pure logic is still far superior than just gut feeling alone.
newbie
Activity: 28
Merit: 0
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?

Yes, many times Tongue. There are many cases were you need to trust on your gut feeling. Even though your strategy and your bots are against your gut feel trust your gut.

When you trade for qualitative amount of time and you are good at reading market you start getting come intuitions. Many times during the dump in last Jan Feb my gut feel was the one that hold me back from taking a long.
full member
Activity: 322
Merit: 114
I think you should only rely on your gut instinct when there is very little analytically between your options. Aside from those times it's better to go with analysis and data rather than on a hunch you have.
hero member
Activity: 994
Merit: 504
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?

Since I can't apply the things that I have seen on the internet on how to trade then I have to really follow my own gut to trade and I have to learn some things on my own to be better at it.
legendary
Activity: 1526
Merit: 1179
We were advice during my forex trading by trading expert that .... we should focus our mind in .... our gut instinct and we were told that it can not fail us but making us rich.....

I hope you didn't pay for this advice.
Couldn't have said it better. It reminds of someone who said that in order to be successful in trading, you have to follow your heart and make the right decision, which is hilarious. It makes me laugh just thinking about it. Cheesy

At the end of the day, trading is a guessing game. If you blindly guess you are more likely to be wrong. If you make an educated guess, you are more likely to be less wrong. Only a very few traders end their sessions with profit....

I know of myself that if it isn't a long term trade, like buy low sell high, there is no point for me to trade because I suck at it. I tried it, failed, then tried it with paper trading, failed again. I'm happy to distance myself from making mistakes.
sr. member
Activity: 1624
Merit: 250
It depends on the rates. If I have more chances to gain, sometimes I try. But if both are 50%, this is not trading, I call it ''bet'', ''gambling''. I do not think there is anything forcing you to trade. If you can not get a result from the analysis, why not wait?
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?
All kind of trading are done by  our instinct only,because we all are buying the cryptos with the hope of the prices will increase someday.

So it is not a wrong this to follow your instinct but don't just go like gambling with your coins.
sr. member
Activity: 882
Merit: 282
We were advice during my forex trading by trading expert that .... we should focus our mind in .... our gut instinct and we were told that it can not fail us but making us rich.....

I hope you didn't pay for this advice.
but we should focus our mind in the third indicator which is our gut instinct

last year These guys also follow their instincts:

Tom Lee: BTC will reach $25K

John McAfee: BTC will hit $500K in three years

and see where the price is


This is serious and that s the major reason I do ask if we should follow our gut in trading.  Some traders are trip in technical analysis and often times follow chart pattern and candlesticks pattern but lose money during trading.  I think we should not underestimate the power of the three and these technical,  fundamental and gut instinct should be combined before we invest into cryptocurrencies market.
I could remember we paid around $500 for two weeks training but it was very useful to me.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
but we should focus our mind in the third indicator which is our gut instinct

last year These guys also follow their instincts:

Tom Lee: BTC will reach $25K

John McAfee: BTC will hit $500K in three years

and see where the price is

legendary
Activity: 2170
Merit: 1427
I have been a bit too hard on technical analysis in the last months I guess. In the end, it all comes down to having it work in your favor to increase the probability of a trade to be profitable. In general, if you apply technical analysis the way it should be applied, especially during a calmer market, you are more likely to have more winning than losing trades.

Gut instinct is gambling. You can be right in the short term, feel like you have become an expert, but you'll likely get rekt in the long run and lose it all.
hero member
Activity: 1274
Merit: 516
No I don't follow my guts in trading, I used indicators and fundamental analysis when I trade, I used data and logic to make a decision, following guts could be dangerous, without proper research, trading would be like gambling and following gut is consider as gambling, if you are lucky it could make you rich, if you are unlucky then you will lose money, trading is not supposed like gambling
Pages:
Jump to: