October 9th, 2005
|digitalemerald||11:42 pm - Timing|
Although not quite a post on intuition (or is it)... I was just reading a book on stock investing today that had as a main thesis the need for a trader to open up their mind and use their intuition and trust that more than trying to brute force analyze everything with the conscious mind.
So, while doing my stock picks for tomorrow, after meditating for a half hour to really try and shut my conscious mind off (something I need to do more often than I currently do) I really worked on trying to use my intuition and trusting my gut.
While I am used to doing this in other areas of life I have not done so in trading and found it to be interesting. While I feel my choices are good I also have a nervous feeling because trusting my intuition here is something I have not done and am not comfortable with.
Will be interesting to see how things work out.
And, back to timing, after reading the book and making the choices I see a post on the mbti group about intuition... hmmm....
Sounds like this could be an interesting group.
Well, if/when you are ready to trade the market I suggest studying and learning yourself instead of using a broker because:
1. If brokers were that good they would be trading for themselves all the time.
2. The brokers main job is to sell and to turn stocks over for commissions
3. Personally, I would not want to trust my money and future to someone else
If you do decide to find a broker I would suggest one that specifically uses a mechanical system that has proven results, like some of the ones from Bruce Babcock's books.
If you want to do it yourself... best thing is to start reading books on different appraoches and continue looking until you find one that works for you. Well, that is what I am doing.