Are you following your gut instinct in trading?

[Bitcotalk]

Isn’t trading with gut instinct a form of gambling? I don’t think this is a good way to do trading. IMO, trading with gut instinct is dangerous and you might just lost it all easily.

Even in gambling, you just cannot rely always on the gut instinct and have to have set and very well and purpose oriented strategies.

So yeah, I do follow my gut instinct at times but not always. Using your market strategies at time of investment has later on high benefits. You should always look at the market and jump and invest right away when the values are down because that is the time when you actually make your self some value edge.

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[markdario112616]

There are times that I did follow my gut feels, though some of it were bad and some were good. But as a trader, I'd always based everything on my research and if there's an excess or an extra credit from my pass earnings, I use it for some experiment which don't include my data. Pure risk and gut feels, it's quite fun when it's a success and if it fails then, a little bit sad but not that much.

[GregH37]

Isn’t trading with gut instinct a form of gambling? I don’t think this is a good way to do trading. IMO, trading with gut instinct is dangerous and you might just lost it all easily.

Well, when you meet a successful trader, they will tell you that gut feeling is also an important part of trading in investing.
In fact, According to Winton Felt “Gut feeling in trading It is a kind of sixth sense that grows out of a trader's accumulated knowledge and experience with the market”.

So, virtually we all are not left out no matter how good you feel you are, just that the level varies, most professional trader has matured gut feeling which is most time helpful too in deciding a trade, so gut feeling for trading is not the same intuition for gambling.

[Coyster]

Instinct its important but learn to use other tools that ensure successful trade.  Like knowing how to read a chart and using technical and fundamental analysis will also help

I do not think instincts are that much important, it's just a spontaneous belief or thought and can always be wrong, it's more of less like emotions.
Instead of following instincts, it's better to apply normal analysis, such as fundamental and technical ones and getting to trade with other forms as well, instincts are based on luck

[gabmen]

Instinct its important but learn to use other tools that ensure successful trade.  Like knowing how to read a chart and using technical and fundamental analysis will also help

I do not think instincts are that much important, it's just a spontaneous belief or thought and can always be wrong, it's more of less like emotions.
Instead of following instincts, it's better to apply normal analysis, such as fundamental and technical ones and getting to trade with other forms as well, instincts are based on luck

Well most of the time though the market moves away from what ta's dictate and you have to be a little flexible with your decision making. It's different from having your emotions take the lead. If you're already an experienced trader, then you'll develop certain instincts for certain market movements.

[MsDos]

I am very data oriented, so always looking to automate everything I do trading included

[South Park]

That is why trading is totally different from gambling, or watching a football match where you can apply your feeling to decide or guess what will happen. Most traders have lost their money to trading using the feelings or trading with emotion.

What your instinct does when you out it to practice is that it deceives you to believing you are 100% sure, you might actually get some right and that is for those that are not constant traders but if you are constant trader and you use your feeling to trade, you will eventually loose whatever the feeling gets you out of luck. So as far as trading is concern, you have to use your TA and FA to verify whatever you instinct tells you to do.

And even that is not enough, there is something called confirmation bias in which a person tries to look for information that confirms his held believes and dismisses anything that contradicts it, so even if you use technical analysis to try to confirm what your instincts are telling you it will be for nothing if you left out information that says that you are wrong, this is why I do not use my instincts when I trade since I do not want to make that kind of mistake.

[jrrsparkles]

Instinct its important but learn to use other tools that ensure successful trade.  Like knowing how to read a chart and using technical and fundamental analysis will also help

When we do trade for making money in regular term then we should not simply believe our luck to make it,we should work for it by what are the things important to predict the future prices.Long term traders can simply follow their instinct which may be right at the most of the time if they didn't sell their cryptos due to panic selling in between.

[xvids]

Yes I am following it and to be honest I made some good profit because of it,
The only problem I have is that even if I don't want to sell the cryptos that I have I couldn't hold them because of financial problem.

[LUCKMCFLY]

Sometimes, and it is not something that is out of the ordinary, because a great speculator named Jesse Livermore, advises in his books that if there is any feeling or some instinct for no apparent reason, it must be taken into account, because it can be successful. In one of his Experiences he let himself be carried away by his instinct and won considerably, in fact he reaped great wealth in the decision of that trade operation.

[mornabo]

Isn’t trading with gut instinct a form of gambling? I don’t think this is a good way to do trading. IMO, trading with gut instinct is dangerous and you might just lost it all easily.

Even in gambling, you just cannot rely always on the gut instinct and have to have set and very well and purpose oriented strategies.

So yeah, I do follow my gut instinct at times but not always. Using your market strategies at time of investment has later on high benefits. You should always look at the market and jump and invest right away when the values are down because that is the time when you actually make your self some value edge.

of course there are times when prices are unpredictable or your analysis and calculations do not provide a picture and strong choices for you to choose and instincts can be used at that time. you're right, not always gut instincts can be used, trade is not about luck, but full of analysis

[Natalim]

Yes I am following it and to be honest I made some good profit because of it,
The only problem I have is that even if I don't want to sell the cryptos that I have I couldn't hold them because of financial problem.

From the start you already make it hard for you.

If you will follow the principle of investing strictly, you will not face that problem anytime, because regardless of the price action, you will remain
focus on your goal. Next time when you invest, always invest what you can afford to loss, that way you will have a peace of mind.

[nasipadang]

I myself believe that instincts can be trained through experiences that we can get from trading, for those who rely on instincts as well as betting on luck, they are even more confident with technical and fundamentals indicators. Maybe by relying on instincts it can lead us to profit or avoid losses, but isn't it logically unreasonable to do.

[taktik]

I myself believe that instincts can be trained through experiences that we can get from trading, for those who rely on instincts as well as betting on luck, they are even more confident with technical and fundamentals indicators. Maybe by relying on instincts it can lead us to profit or avoid losses, but isn't it logically unreasonable to do.

The fact is that those traders who have enough experience can already instinctively determine their capabilities during certain actions. I have repeatedly met such people who have learned the cryptocurrency market so that it does not feel like a fish in water.

[arpon11]

Instinct its important but learn to use other tools that ensure successful trade.  Like knowing how to read a chart and using technical and fundamental analysis will also help

I already know about technical and fundamentals analysis but does it really helped in a long-term success?  Your guts instinct is a God gift to us to be able to make a right decision including investments decision. Fundamentally it is very difficult to predict the market accurately and likewise technically and that is why you really need gut to make investments decision including all the indicatiors.

[whirlcoin]

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?

taking our own decision without any others statement will give the satisfaction if we are getting the losses also so I think the Instinct always not work but it will give the satisfaction about our work for doing the next.

[edisystem]

Not really, i usually combined my gut instinct with the information that i got from news, gossip, issue and hype.

We also need to see the crypto market condition first before trading. Trading is not that easy like only following your gut instinct.

[incomefromcoins]

Gut works in trading in some cases but not in all cases it is patience and observation and total money management is required in trading

[Duzter]

With trading market observation is the must, next is the selection of the right assets for trading. Further is the decision whether it needs to be preferred for short term or long term profiting. When each of this is studied further is the guts to go forward and do the trade. Gut instinct is always a necessary factor with trading without which it isn't possible to achieve good results.

[wxxyrqa]

With trading market observation is the must, next is the selection of the right assets for trading. Further is the decision whether it needs to be preferred for short term or long term profiting. When each of this is studied further is the guts to go forward and do the trade. Gut instinct is always a necessary factor with trading without which it isn't possible to achieve good results.

It seems to me that today, even if we monitor the cryptocurrency market all day, all the same, only experience and instincts suggest certain actions that always turn out to be the right decision for professionals. On the basis of but if a person is really experienced in this activity, then one must listen to the inner feeling.