Share: This Training Intuitive Trading (trading Sense), Let Me Go Anywhere

“I always say that trading is like a mirror of yourself.

“In trading, you’re going to be very exposed to your weaknesses,” says Rolf Schlotmann, a 33-year-old foreign exchange specialist who is a full-time trader and a pure price action trader. He likes to use trend analysis and keep it simple.

And keep the chart clean.

Unlike other traders, Rolf Schlotmann has chosen to live an expat life. His goal in life is to find a balance between trading and living.

In the following post, he shares his trading experience and his best tool: intuitive trading, or “trading sense.”

I am in my early 30s and come from Frankfurt, one of Germany’s biggest financial cities. I first encountered trading when I was 15 years old.

I had just turned 15, around 2000, when everyone was obsessed with stocks, including my dad.

Back then, the Internet wasn’t very developed, so we all watched the news on live TV.

Every day after school, I ran home and turned on the TV to watch the ticker symbol.

Then I had a small portfolio of my own, and I became a minority shareholder in companies like Coca-Cola and McDonald’s.

I have always been interested in finance, and I have learned about finance and trading in university.

Later, I learned about foreign exchange in my self-study course at university, and since then, I have been engaged in foreign exchange trading.

After graduating from university, I found a good job in a company.

I was trading over the counter, day in and day out.

But then I realized that if this went on, my life would not be wonderful, which is not what I want.

I’ve always had an entrepreneurial mindset. I had my first website when I was 15 and I made some money.

I always have this idea, I dream to be a company owner, I don’t need to go to the office to do what I want to do, I don’t need to return to anyone.

A few years after I graduated from college, I had further trading experience, but at the expense of a lot of personal time.

So I thought, what can I do to get more time?

Finally I made up my mind to give it all up and start my own sojourn.

So I sold everything: my car, my apartment, everything in my apartment.

With only one suitcase, he embarked on a journey to Southeast Asia.

I chose Southeast Asia for the simple reason that it is cheap and the hardware is complete.

And it’s very European because there are a lot of immigrants there now.

So I started my sojourn.

I rented a nice apartment there.

You can eat out three times a day without having to worry about shopping and cooking.

They have on-call cleaning staff, laundry staff, which gives you plenty of time to do what you want.

You can choose to invest in trading, or do whatever you want.

This is another important reason why I chose this place.

The level of spending allows me to sell everything I own and settle down and still have a fund to trade with.

Trading for myself while enjoying the life I want has made a very beneficial change in my trading motivation and mindset.

I usually trade on 4-hour charts and daily charts.

So I don’t have to sit in front of a screen for a long time, and I don’t have to watch a video all the time, which doesn’t make any sense to me.

In my spare time, I will do what I like to do, such as surfing and traveling.

I am a systematic human decision trader.

I make about 80/20 of my trading decisions systematized versus human.

But it’s that 20% that makes all the difference.

While my system was intuitive and based on the classical principles of price behavior, I could never translate it into an algorithm.

It just doesn’t work.

Believe me, many talented programmers have tried it, myself included.

While certain principles can be borrowed and used as filters for fully automated trading strategies, what makes my system so profitable and adaptable to different market conditions is my brain, the best trading algorithm on the planet and possibly in the entire universe.

So I’m essentially an intuitive trader.

So how do you listen, trust, and act on your instincts?

I think the following three points are particularly important: 1. Backtest: Experience translated into instinct or intuition.

Backtesting gives you a lot of experience, years to be exact, in a very short period of time.

This will give you confidence and train your sense of play.

If a deal looks great, but something just doesn’t feel right, move on.

2. Journaling: Again, journaling translates into experience and confidence in what you’re doing.

I used Edgewonk to track two custom data items: a transaction rating from 1 to 5, and my gut feeling from 1 to 5.

Then, whenever there is a discrepancy, check to see how the transaction was conducted.

For me, if the skill level and my gut both tell me it’s level 5 (the best level), I’ll make the most money.

This was beneficial because it allowed me to train my intuition, and it also allowed me to trust trades more and make fewer trade management mistakes.

In addition, you will learn if you are intuitive or if it needs more training.

3. Get as much value out of talking to yourself as possible.

You can record it on video or audio. You can also write down how you felt before, during and after the trade.

Then compare your emotions to the actual outcome of the trade.

In fact, you’ll find that your pre-trade intuition is more important and more accurate than your post-trade intuition.

This is the biggest secret to my trading success — tracking intuition and trading quality.

It’s also one of the most reliable indicators of my trading.

If a deal looks good, but I just don’t like it, I don’t do it, and my data tells me it saves me money!

On the other hand, if a trade enters more freely/not quite as it should be, but my gut tells me that the trade offers a big return, I’ll get in by relaxing the rules.

If you’re new to using the system to trade, I don’t recommend it.

Master it first, then take the next step.

Also, it’s important to note that your subconscious mind is very sensitive to stress.

If external pressures disrupt your thinking, you become completely disconnected from the market and lose your claim.

At least, that’s what I think.

On these emotional days, my only option is not to trade.

In addition, if the market doesn’t offer a good trading opportunity for some time, you may become increasingly willing to “turn a deaf ear” and ignore your instincts.

This is also the time to be careful trading, to avoid making wrong trading decisions.

When is the right time to listen to your gut?

Right before you start trading.

For example, you see a deal that ticks all the boxes.

You haven’t been in this market for a long time because it was mediocre.

You may feel the pressure building up.

Then, set the price…

Before you click buy or sell, stop and wait 10 seconds.

What do you think of this deal?

If you don’t feel good, don’t press the confirm button.

Keep waiting for the next deal that you absolutely love.

Some people say things like “The hardest trades are the most profitable trades.”