When is a "gut feeling" right or wrong? 

When you are trading, you are optimistic about a positive outcome. It would be best if you did not leave trade to chance. Trade is not based on instinct, but rather on facts through research. The question is, should you follow your gut feeling or not? The simple answer is yes and no.

It may sound complicated, but it is not. A gut feeling is just as crucial while trading. However, it comes from the point of knowledge. Look at it this way, and feelings come from either a place of bias or knowledge. Trading is more about knowledge through research. We cannot ignore the gut feeling simply because there's nothing wrong with following your gut. 

Trading relies heavily on learning the skills of the trade and a bit of luck. Gut feelings come from years of experience in trading. For instance, your gut feeling could be telling you to stay longer or exit a bet. The outcome could go either way. You lose and its tough luck, or you win, and it was a lucky bet.

If you are ever in such a position with doubt, the best bet is to test your feeling. Test how your 'gut feeling' is performing when trading in-play on the Betfair Exchange. After a couple of hundred results see if it is telling you the right thing to do. Make a note of what it tells you and if you had followed it would it have performed better than your original trading plan? 

If so, then there is nothing wrong with following it but not just stick to the trading plan!

Your results and research should give you the best possible outcome by eliminating guesswork. Also, what separates the average Betfair traders from the Pro Betfair traders is research and hard work. Once you master the two, following your "gut feelings" become factual rather than instinctual. 

Martin created a video going deep on this - Watch this now here