Post
Topic
Board Altcoin Discussion
Re: Don't trade using instinct
by
RokokGudangGaram
on 16/10/2021, 15:39:01 UTC

And that you need some technical analysis in order to improve your trading results. We can use our instinct sometimes but it was important to have the basis of our decision as well. Having TA and FA, you can really see the difference between not using it. Of course, newbies could be hard to do this and it needs more market exposure and trading experience to make such analysis, and spending more time in the market will somewhat help a lot. If we wanted to reach our goal, I guess we have no choice but to do this instead.

Good trader use combine methods, they find ways to understand the market and with experienced behind, they also use their instinct to follow the market movements, it's tough to work with instinct alone as you are like dealing with it the same way you gamble, buy and hope that what you choose was right and the market will favor you, unlike with fundamentals and analysis the chance is far better for good outcome of your trades.
Trading using your instinct alone will eventually not going to work in the long run. You should have learned technical and fundamental analysis and of course the strategies you developed out from the experiences you gain. There may be times that we got to be lucky after trading with instinct but don't be too confident about it because it might not happen again. So its always an edge to trade with your knowledge and right analysis in the market. At least you're already aware how to make shortcuts when things got tough in the middle of trading.

Well said, indeed. Using instincts when trading may have the probability of working out well, if founded and based upon the knowledge and experience a trader has gained through time. In this way, instincts are gut feeling and impulse reaction which are somehow molded from the past learnings.