Dear Midnightrun,
Thank you for your question. You are right when you say that our subconscious can tell us things. But I think it is really dangerous to trade with your subconscious, because it is a part of emotions. And it is clearly what we have to avoid as a successful trader ! Of course, it sometimes happened me to feel a trade, and the most dangerous is when you are right !!! Why ? Because you can think that you feel the markets and that you can be guided by your emotions. When you see that happened, please stop trading. As a "professional" trader you have to be the most objective you can. So subconscious is not something useful in trading in my opinion. To fight this bias I advise to repaet yourself everyday before sleeping that you dont know anything about what will do the market in the future and that your job is to play probability and not certainty. Repeat it every night and you will change your mind after months. So you will master your emotions and trade objectively, based on analysis and on your system.
Thank you for your question. You are right when you say that our subconscious can tell us things. But I think it is really dangerous to trade with your subconscious, because it is a part of emotions. And it is clearly what we have to avoid as a successful trader ! Of course, it sometimes happened me to feel a trade, and the most dangerous is when you are right !!! Why ? Because you can think that you feel the markets and that you can be guided by your emotions. When you see that happened, please stop trading. As a "professional" trader you have to be the most objective you can. So subconscious is not something useful in trading in my opinion. To fight this bias I advise to repaet yourself everyday before sleeping that you dont know anything about what will do the market in the future and that your job is to play probability and not certainty. Repeat it every night and you will change your mind after months. So you will master your emotions and trade objectively, based on analysis and on your system.
DislikedHmaoui, As always, thanks for your posts and the trading method. You often mention (and quite rightly so!) psychology of trading. My problem, that I have been trying to overcome (and am still struggling with it) is that sometimes I develop a bias, i.e. I start to believe that market will go in a certain direction even if the current price action and indicators point otherwise. At such moments I am wondering if it is my subconscious that suggests this to me? (And some authors suggest that "your subconsciousness is not stupid, and if it tells you...Ignored