Trading wise

Hi all,

A simple question to all day traders and jobbers just out of curiousity we can say to discuss.

In your opinion apart from technical analysis does you think intution also plays a big role in takin out that trade. or do you think trading on technical analysis is robotic in nature. where one only goes with the indicator and data only.


2) Where market sentiment and news are involved there we all start having wild guess and sometimes it seems these wild guess become more pwoerfull in trading decesions or there influence is so strong that they tamper with decesions we where going to take on technical results.

What is the result is it more positve or goes negative side or 50 50 both

Please do give your inputs.

Thanks

1) Probability of anything going right/wrong is 50-50. so, charts give 1-5% odds in our favor. market sentiment gives 1-5% odds again. Yes, with intuition, one can make money. but what we call intuition, is some sort of "un-understood" calculation going on in our minds. say "markets are moving up" and staying there for a few seconds and again rally a few points and stay there for a few seconds/minutes. then "your mind" will suggest going long.. but the same thing is "consciously" done using charts.

I used to do that with reliancemoney, where there were no charts or indicators. still i made 6 out of 10 successful long/short trades, just by watching nifty, sensex movement, and shares price/volume movement. that was intuitive trading.

2) starting to guess wildly, is like gambling, no logic behind the trade. Just expecting profits. this happens after a winning streak.. say you gain continuously for 3 trades, the fourth trade will be "I feel Lucky trade" and one would end up giving all the 3 trades profit in 1 trade.

Technical analysis/trading is just trying to make "odds" in our favor by making things more possible than not possible. if you add "fundamentals" too, then odds will be more in your favor.

Intuition, is "passive" response to all the information you've been seeing, reading, and getting talking to friends, etc. so intuition can be wrong just like technical analysis overshadowed with beliefs/intuitions..