Day Trading Basics Waiting For Fed Chair Yellen To Do Her Thing Again | Oct. 20, 2015
If you have an understanding of Day Trading Basics and system with a positive expectancy it can be very helpful in building confidence since, more often than not, your system will produce a profitable trade. Every positive trade is recorded in your subconscious as positive feedback, which leads to the confidence to trade more using your tested methodology.
As you can see, our emotions control our every action, without us even knowing it. The only way a trader can remove their emotions from trading, is by following a pre-constructed pre-proven trading plan. Training and convincing the subconscious mind that yes, they indeed are consistent traders worthy of an account, and therefore the ultimate by-product …….SUCCESS.
Horst
Analytical vs. Intuitive Trading… Our minds are divided into two parts: The sub-conscious mind and the conscious mind.
November 08, 2012
Day Trading Basics and Intuition can make you a much more effective trader, especially when you deal with non-standard situations or in expedient decision making. Yet, before you put more weight on intuitive choices, there are a few important points you need to keep in mind.
When do y
ou need intuition?
Decision making trading situations where intuitive approach can help most include the following:
- Expedient decision making and rapid response are required. The circumstances leave you no time to go through complete rational analysis.
- Fast paced change. The factors on which you base your analysis change rapidly.
- The problem is poorly structured due to lack of sufficient data of Day Trading Basics.
- The factors and rules that you need to take into account are hard to articulate in an unambiguous way.
- You have to deal with ambiguous, incomplete, or conflicting information.
- There is no precedent.
What is intuition? …. The Sub-Conscious Mind (more) https://www.youtube.com/watch?v=JuQ86R8BqnI
