Praise for Trading from Your Gut

Augmented Intuition Training
Computer technology is not just for the left brain. It is also valu-
able in training intuition. Similar to how the wind tunnel helped me
cram years of skydiving into a few days of intense practice, a com-
puter program can help you train your intuition by speeding up the
learning process.
Trading software can help automate the process of training the
right brain by quickly presenting you with visual stock and market
charts. Modern charting software lets you easily set up specific filter
screens of charts that meet specific criteria. For example, you could
find all stocks that are below their 40-day high and above their
40-day low, all stocks that have made all-time highs, all stocks trad-
ing between $5 and $20, or any number of other criteria. Many of
the more popular retail brokerage firms offer their customers free
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From the Library of Daniel Johnson

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software that has these features. These tools are common and
powerful.
Utilizing charting and screening software, you can quickly sort
through hundreds of charts, using your right brain’s visual percep-
tion system to quickly determine whether a particular stock meets
your selection criteria. You can then add stocks that you want to
keep closer track of to an electronic watch list. These lists let you
periodically filter the stocks to find those that are close to meeting
your trading criteria. This will save you time and enable you to effec-
tively scan a much larger set of stocks to trade.
This is one area where getting the right software can pay large
dividends. Mediocre software lets you watch a small list of stocks
because it takes more time to find and analyze potential stocks.
Good software lets you watch a much larger list of stocks for the
same effort. This capability translates directly into more quality trad-
ing opportunities. Don’t skimp on your trading software. Software
that makes you more productive will make you more profitable.
The professional tools are sometimes better. And better can
make a difference. If you want to be a professional, invest in profes-
sional tools where it matters. If it means moving to a different broker-
age firm and paying a slightly higher price for your commissions or
paying a monthly fee, the costs can be worth it for the right features.