%% Good trend comment/trend addict[TA] LOL. NOT sure one could automate this discretionary pattern, but anything is possible. Part female pattern, part joke, part wisdom; LBR noted this one. One trader bought home a $199 .00 can of sardines \; his wife warned him about bringing home a can of stinking sardines ; those sardines are for trading/ not to bring home. Fish really is brain food.
Some of us ill-defined discretionary traders average $500/day Your diatribe was complete nonsense. Why do you have negative animosity towards discretionary traders? Apparently you have no idea, that FORWARD TESTING is 1000% better than any back testing software, and actually teaches a trader how to trade their chosen market. It actually TAKES WORK, HARD ASS WORK TO DEVELOP A WINNING EDGE FORWARD TESTING. Takes no work to use a back testing machine, that millions are using and still unable to gain an edge.
I know several computer nerds that think that a pc can make them money. As I know some of these nerds, I saw that they have no clue what trading is, neither what the market does, neither where to start from. They just pick some indicators and let it run with various parameters, hoping they will catch profits. What they catch is a system that worked in past but never worked in real trading. They even don't understand that optimizing past date only affects past results. Many times they ask me: where do I start? What shouldI do? That confirms my POV.
Totally agree with you. As a general rule, those who have not learned how to read and trade the market have no other choice (apart from quitting or selling courses) than to build computerized systems which make very little money and have large drawdowns. However, there is nothing wrong with any approach. A hybrid method works quite well and fits many people. Whatever fits one personality is the way to go.
Nearly 400 car crashes in 11 months involved automated tech, companies tell regulators Map shows every crash involving driverless cars in San Francisco
I said just around the corner. Just the fact that driverless cars are on the road today means that you can program a car to be driven. No mention of how many crashes drivers had or how many driverless car crashes were caused by cars with drivers.
%% GOOD drive, some Indians actually could shoot a bear or bison off a horse; I like a .30-06,Remington, myself moves about 3,000+/ fps. Driveless or driverless cars are driven less now, news reporter noted people dont like them + some put traffic cones on them\ another algo blow Up.............................................. One lady asked something like ''is that 3,000 fps plus 1''?? NO its 3,000 more or less
Have you had more success with systematic trading, or discretionary trading? Systematic trading all the way!! Systematic trading allows you to have effective control of risk which is the most important aspect of trading and with clear profit objectives on a systematic and sustainable basis. And most important of all, it takes the emotion out of trading so you won't hesitate to enter a potentially profitable trade at a relatively attractive price or exist a losing trade at a relatively favourable price that still does not result in much losses. Discretionary trading can still be implemented if needed but it should be only in the context of and within the framework established by the systematic trading.