To what extent does gut feeling/instincts/intuition serve in your trading?

[vanzandt]

Buy CMG when the multiple equals MCD.

 

[vanzandt]

Buy CMG when the multiple equals MCD.

Oops.... that post was meant for the Stocks of 2017 thread and the poster who asked about CMG.

 

[lovethetrade]

"Gut feel is very important. I don't know of any great professional that doesn't have it."
-Michael Marcus

Michael Marcus over a 10 year period multiplied his account by 2500 fold. He turned $30,000 to $80,000,000. Although not a billionaire, he has more money than most people on here.

I am not saying that gut feeling is the only way to trade. But for people to completely rule it out saying that it has no place in trading simply means that you don't understand how to trade with intuition. You may know how to trade profitably with other methods, but for some, it works.

I agree that you can intuitively tell when a market is going to change direction or continue with the trend on occasion but i'm very skeptical whether this can be done successfully over the long run, very skeptical.

Where's the evidence that he only uses his gut instinct? This Michael Marcus could be saying it so he doesnt have to reveal his edge.

 

[Visaria]

Gut feeling never made anyone billions. Books on trading with your gut are simply hogwash (IMO).

Mathematics, logic and engineering is what makes money trading.

George Soros relies on his gut feeling a lot. Specifically, he exits trades when his back starts hurting.

 

[Visaria]

2 reasons why top traders don't admit to using their gut/intuition etc in trading:

1) they can't really explain their method
2) telling a client that they use their gut to trade might not go down too well. Easier to make up some sophisticated engineering bs.

 

[Golden Retriever Trading]

I agree that you can intuitively tell when a market is going to change direction or continue with the trend on occasion but i'm very skeptical whether this can be done successfully over the long run, very skeptical.

Where's the evidence that he only uses his gut instinct? This Michael Marcus could be saying it so he doesnt have to reveal his edge.

I never said he only uses his gut. I'm sure the implication was that it's on occasion

 

[ET2017]

Of course, I believe gut feeling is very important, especially when you are doing countertrend trading. Your gut feeling will kick in when you sense something isn't right. Like I mentioned before, such gut feelings often work out well for you because you develop it after flipping through ton of charts from micro to macro big pictures during intraday trading hours.

"Gut feel is very important. I don't know of any great professional that doesn't have it."
-Michael Marcus

Michael Marcus over a 10 year period multiplied his account by 2500 fold. He turned $30,000 to $80,000,000. Although not a billionaire, he has more money than most people on here.

 

[Steve Alexander]

The vast majority of the time I ever use this is to get out of a trade. Sometimes I'll enter a trade and literally a minute later, something feels really off about it. I don't know what it is, but this overwhelming sense of unease kicks in, and I'll get out of the trade. I don't really make many decisions from the gut, but I place a high value on these feelings to get out.

What about you?

I ignore intuition, gut, etc.

 

[ElSegundo]

Thr greatest trader of all time EVER. George Soros uses his gut to make decisions.

 

[vanzandt]

True intuition is being able to foresee and predict trends in sectors, geopolitics, and human behavior. It does not work for day-trading. Long term however, it will make you wealthy.