Want to always win? Think like a Computer!

Discussion in 'Professional Trading' started by bat1, Mar 3, 2013.

  1. bat1


    I'm beginning to realize that all my trading failures
    are due to emotions Greed! is my biggest one falling in love
    with a trade..

    Computers don't have these problems so how can man
    ever win against a computer with no feelings or emotions?

    You can't! A computer program that just knows when to sell
    or buy and has no emotions or feelings and never gets tired
    or has a bad day! we human traders are kidding our self's

    we are living in a dream world against technology.. :mad:
  2. Computers don''t know anything. They are simply programmed to do what ever it is that they are doing.
  3. Bob111


  4. bat1


    So how are you going to beat a program that knows your every move?

    Every day on Wall Street computers buy and sell large blocks of stock with nothing more than a couple programming rules and an algorithm to provide direction. These trades, called program trades, take place behind the scenes, oblivious to the chaos of the trading floor. However, savvy investors would be foolish to ignore a system that produces an average of 30% of the daily trading volume on the New York Stock Exchange (NYSE).

  5. :confused: :confused:
  6. I think a better approach is to think exactly the opposite of
    computers. There is a Danish Computer Scientist Peter
    Naur who argues that computer thinking is just mass
    brain washing. All non computational forms of thinking
    are surpressed.

    Some references are Naur's Turing Award lecture
    ("Computing versus human thinking" in Communications
    of the ACM Vol. 50, No. 1, 2007, pp. 85-94). Another
    reference is the Book by Naur: "Knowing and the mystique
    of logic and rules", Kluwer, 1995.

    Much of the computation metaphor is justified by
    saying that it is needed for the world wide social
    networking economy. Such mass thinking should offer good
    trading opportunities.
  7. epic thread. one for the archives.
  8. Gizzz


    maybe you should write a book about your emotional relationships with 'trades...
  9. Bob111


    yeah..it certainly entertaining to know the details of how OP fell in love with trade.and ended up raped in a** :p
    bat1! time to come out !

    --- is my biggest one falling in love
    with a trade..-----
  10. Elis


    ARE YOU NUTS?!!!!!!!!!!!!!!!!!! If you are not a computer, and do not think like a computer, wake up and smell the coffee. You are not going to start thinking like a computer by flipping on a switch. I have two pieces of advice for you, which are really the same thing. Firstly, if you are a pretty consistent loser, just instead of trying to make money, try to lose money. Secondly, pay attention to your emotions when you watch a stock move. When you get excited and want to buy, sell. When you get scared when the stock moves down, start buying. Then, be patient. You will become a different person if you do this consistently. Good luck!
    #10     Mar 6, 2013