2steps
Registered: Dec 2011
Posts: 85 |
04-15-12 05:17 PM
Quote from dom993:
- if one defines a pretty rigid trading plan, rigid to the point it could be automated, and then trades it manually, then the results are going to be worse than what the automated system would do ... 2 reasons for this, 1st is without automation, there is no possibility to do enough backtesting to validate every aspect of the system, hence some rules will actually be detrimental, unknown to the trader, 2nd reason is manual execution is inferior to automated execution (from taking a break to judgement errors, through fat fingers & what not)
- to the contrary, if the trading plan is more guidelines than rules, and the trader remains immersed in price action, then he has a lot of room to trade what he sees happening now, and with enough screen time & practice this will work more often than not - but not for an automated system.
Among all the contradictory statements I have ever encountered, the above two statements are the most!
You are truly confused and confusing.
My speculation is that you need higher education. You must have done poorly at school. Basic logic questions must be a big hurdle to you. I am sure your GRE score is low, if you ever took it.
Most traders are simply not very intelligent, not well-educated.
That's the reason of their failures. But they often found other things to blame. Think about it, if they have received good education, they wouldn't be in this dog fight of day trading. Day trading is not a profession or career, it's a hobby. Who in his right mind would treat day trading as a profession?? Only those who have no formal education and couldn't make it in normal professions.
You need to receive good education and get an MBA from a private university, like University of Phoenix.
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