I was very busy this morning, so I missed this thread. Could you please explain what prompted you to conclude that today will be a negative day? It is very interesting to see how the intuition works for some people. In case somebody is wondering, no, there is no hidden agenda in my question. As a psychologist I am interested in this sentiment phenomenon. As the matter of fact, I would like everybody to share their intuition calls. It is a very interesting subject!
9:35AM, May 05, Who Is Shorting NDX
- Thread starter riskfreetrading
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Maestro:
You ask a very interesting question. The reason of my decision/call is a procedure/numbers, but I tend sometimes(most of the time) to go ahead of those numbers/formula. I always ask myself if I would not be better off to just give it to someone else who would follow it on my behalf. In the case of today, based on the formula I knew that at around 10:10AM, the market would have to fall or lie. It cannot invalid some mathematical description. The numbers told me it would not be an up day, but I was a bit worried to miss an early down move. That is why I entered some of my position earlier than 10:10AM.
I have now to restudy the market, to see whether it can go the other way from this point forward. So, I am going to relook at the numbers to make a decision. The market has more degrees of freedom, and my job is to find those times and prices when the degrees of freedom are at a minimum or none. I hope (and I think) that you would understand that I cannot go further. But you are right the psychology is also important.
You ask a very interesting question. The reason of my decision/call is a procedure/numbers, but I tend sometimes(most of the time) to go ahead of those numbers/formula. I always ask myself if I would not be better off to just give it to someone else who would follow it on my behalf. In the case of today, based on the formula I knew that at around 10:10AM, the market would have to fall or lie. It cannot invalid some mathematical description. The numbers told me it would not be an up day, but I was a bit worried to miss an early down move. That is why I entered some of my position earlier than 10:10AM.
I have now to restudy the market, to see whether it can go the other way from this point forward. So, I am going to relook at the numbers to make a decision. The market has more degrees of freedom, and my job is to find those times and prices when the degrees of freedom are at a minimum or none. I hope (and I think) that you would understand that I cannot go further. But you are right the psychology is also important.
Because you and those who need to read them already read them. Could you post yours?
It is a formula/formulas with an analysis procedure. It is not intuition. The intuition/psychology enters when at times I would want not to miss or want to get out earlier. My psychological inclination seems to be to enter too early, and exit too early (afraird to miss, and I do not know what to call the early exit). Maybe I am greedy at entry, and not greedy at exit.