What is the essential difference between a good analyst and a good trader?
There is a huge difference between a good analyst and a good trader. Many analysts analyze the market and talk about theories in a clear and logical way, with a high accuracy rate.But once on the battlefield, the real gold and silver were slaughtered in the market, and most of them returned in defeat. The truly powerful masters are consistent in analysis and transaction execution, which is what we often say is the unity of knowledge and action.To become an excellent trader who combines analysis and actual combat, obviously, this goal is not easy. This also confirms the reason why there are so many callers who are quite accurate when you look at them, but you will lose money if you follow them.[Image]Most theorists end up being a one-man, the kind who don't do it themselves.What do you think?
As far as I know, many master traders will rely more on the sense of the market, how to cultivate this feeling?
In trading, should you take your intuition into account in addition to the rules?
[Image]Sometimes when operating according to one's own trading system and rules, a feeling suddenly emerges, such as the condition for opening a position, but this time it is different from the past and feels uneasy. If you believe in your intuition, this is called inconsistency between knowledge and action, and you will condemn yourself intellectually, but after trading for so long, is such a sixth sense really illogical?Some people should think that it is because of the greed and fear of human nature, which cannot be completely overcome, but most people still need to continue to practice on this point. In addition, I would like to ask everyone, how do you view and deal with your own intuition in trading? Or, are some people who have fully achieved the unity of knowledge and action, and no longer have this feeling?
How do you handle when you're in the "wrong trade"?
I heard from trading masters that transactions are divided into correct transactions and incorrect transactions. Profit orders may be wrong transactions, and loss orders may also be correct transactions. How do you define "wrong trade"? What is the most impressive mistake you made? What kind of result? What enlightenment did it have on your subsequent orders? I hope you guys can share it, thank you!
How is AI changing the way trading works?
Given that fundamental analysis often means going through loads of data like spreadsheets and SEC filings, is it possible that AI could trade so accurately that it makes human decision-making unnecessary? Also, how has AI already become a crucial part of advanced trading methods? And if I'm just an individual trader, how can I start using AI in my trading, and what could trading look like in the future if AI becomes a must-have tool?