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ing to partially exit the market. These traders could have a profit or a loss, and their opinions will reflect this fact. |
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Since the trading environment is a reflection of the participants' opinions, the trading waters become muddied. Strict reliance on logical and quantifiable arguments will more than likely impede the trader's vision. Intuition gives the trader an edge, leading to better decisions, more creative ideas, and better and deeper insight. Often when traders start to consider how intuition could benefit them, they also have a certain amount of fear. This fear typically is caused by the thought that intuition is the first step toward intellectual anarchybecause it is arbitrary and nonquantifiable. In the case of the novice trader there is solid justification for this fear. Many new traders will use what they think is intuition as an excuse for their failure, and often they are partially correct. This "intuitive thought" was in fact the ego, which attempted to balance disempowering beliefs of the conscious mind against the unconscious desires and thoughts within a mental context that lacked integrity and discipline. Consequently the new trader is convinced that it was a valid intuitive thought when in actuality it was nothing more than an impulsive thought created by the unconscious mind. Intuition will start to work only after traders have mastered their virtues, vices, and the ability to trust themselves to always act in their best interest. This requires mastery of their beliefs. |
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Outstanding traders will realize that there must be a balance between the intricate and mutually enhancing relationship between intuition and rationality. They will know that they need a sharp discriminatory rational ability, as well as a better level of intuition. In this manner each ability will supplement the other's strengths. |
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When we think of intuition we typically think that it follows rationality. You will reason, analyze, gather the facts, have an intuitive thought, then analyze and use reason again so as to verify, elaborate, and apply the intuitive thought. This type of intuitive thought is usually categorized as a "Eureka" experience. However, intuition cannot be confined to the "Eureka" type. Often intuition feeds then stimulates your rational thought, causing your rational conscious mind to evaluate what comes from the intuitive thought. Rational and intuitive thought are both parts of your thinking process, originating in different parts of the mind. |
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Think of how often you have had insufficient information and not enough time to get all the facts, yet by skipping many of the intermediary steps that strict logic would require, you were able to leap to the correct conclusion? Many times when you make that leap, it is intuition that aids you in the reasoning process. The reason that trading is seemingly so diffi- |
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