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The Mental Challenges Of Trading With Nick Schmidt

Lead-Lag Live

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The Importance of Instinct in the Market

"I don't believe this is the credit event everyone's talking about," he says. "You're not going to have instincts and just instinctually feel something and throw all your rules and logic out of the window" The market has, you know, there's no structure day-to-day, so you have to create your own structure and adhere to it." If my trend is in a buying, if we're in an uptrend and it supports new positions, like even if I've been instinct that this might not work, I'm still going to follow my rules  and place a trade.

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