Blink

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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PeterLe
Posts: 3726
Joined: Wed Apr 15, 2009 3:19 pm

Hi
I know we have mentioned the above book on here (Author : Malcolm Gladwell)..in a nutshell he talks about how you can make judgements in the blink of an eye..(that interpretation often goes against all the evidence)
...for some of you that trade each and every day, how long does it take you to get a 'gut' feel that it will be a successful day or not?

It may sound a strange this..(and I may be opening myself for a load of criticism!!)..but I tend to form an opinion in my mind by the end of the first race..
I dont have any data to be fair, but after 50,000 markets I 'think' i can get it right most times?

What about you guys? (or am I talking bo!!@£ks ! :D ), just interested
Regards
Peter
PS I think today will be a good day except for Ascot! (Dont know why but its a neutral course for me)
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

I have a pretty good idea very quickly just by looking at the cards whether it should be a good one or not, most of the time it's correct enough, though not always. Comes in very handy for determining when to bother and when to have a day off rather than wasting it on conditions that don't suit
giulio2010
Posts: 962
Joined: Sun Sep 12, 2010 9:11 am

some time ago, my instinct was telling me from the first race of the day, my rationality made ​​me continue until 5-6 races and my stubbornness made me carry on, with huge losses, until the end of the day.
Now before the day start I already know what races may offer the best chances to make profits. If some unpredicted movements upset my start,( manipulation I can't fight or crazy spikes, etc),I wait the 2nd race of each market I have selected to make a decision. If it does not feel right I get up and let it be the horses for the rest of the day.
You're not talking about bllx , our day is filled of instinctive decisions more than anything else. Perhaps our brain is also recording data and act accordingly to give us a warning about the day..
Ascot today it should be good as for Hayd. According to my style I have a slight advantage for Hayd rather the Ascot but as I said there should be good opportunitys on both markets...
freddy
Posts: 1132
Joined: Sun Aug 01, 2010 8:22 pm

If i have a good start the the day i generally have a slow end to the day :? .

and vise versa If i have a poor start i generally have a storming end :)

obviously there is no reason for this other than my own mental frailties :lol:

i guess subconsciously if im having a good day i want to protect that and if im having a shocker i get my act together at some point and turn it around.

very much a head game this :D
giulio2010
Posts: 962
Joined: Sun Sep 12, 2010 9:11 am

freddy wrote:i guess subconsciously if im having a good day i want to protect that and if im having a shocker i get my act together at some point and turn it around.
Very true....
PeterLe
Posts: 3726
Joined: Wed Apr 15, 2009 3:19 pm

The thing is Freddy; I do a lot on auto so no emotions involved.
If I think it is going to be a real bad day I often stop my kids sessions for them early on..all a bit weird!

By the way..some of my biggest wins have been on the last couple of races of the day..I expect this is people over stretching themselves to recoup their losses perhaps?; so understand what you're saying..
freddy
Posts: 1132
Joined: Sun Aug 01, 2010 8:22 pm

Yeah maybe there is more abit more desperation in the later races of the day ? thus throwing up more opportunities.

don't know really :?
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