Hello Bad_Badness, Thank you for sharing this. And I agree with you. IMO, algo development is mandatory these days. It's just too much room for error and there are too man unknowns with manual and discretioary trading.
The aha that got me over the line to profitability was PROCESS Repeating the same process over a series of trades will make me money. Rinse and Repeat. With the right mindset you can trade any system. But with the wrong mindset the best system wont yield the results you are after. Following my process ingrained patience, discipline etc But the basis for me was following a Process.
Not a day trader, never was. I only do swing trading and trend following strategies. My nephew is a software developer but, I will not waste his precious time to design algorithms for me when I can trade without algorithms as I have no use for them.
maybe my aha moment is when i learn trading is a long journey and not a get rich quick scheme, it takes practice and education to be a successful trader.
So I remember the first time I blew my account. I thought I was incapable. Then, the “Aha” moment happened. Every new trader blows trading accounts once. lol
There are traders, and finance professionals, who blow multiple accounts, and/or make absolutely no progress....who have two, three, or four+ decades of experience. But still, magically, can carve out a decent living doing this by selling services, products, ad revenue, subscriptions, and fees, and commissions. Talk about a rather corrupt, bogus, environment of wolves and sheep.
Account 1: Blown (Aha!!) Account 2: Blown (Aha!!) Account 3: Nearly Blown (Aha!!) I have such moments from time to time, but I am not stopping!
I traded my first few traders with no proper education. My “aha” moment was when I came to know about stop losses.