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I just got back from being on the road this morning and received a number of
replies to my systematic trading vs. discretionary trading. I got an equal
number that were for and against. It appears that the problem I am
experiencing is one of rule specification and programming ability. However,
when I get long or short I really could not tell anyone why in the form of
rules. Sometimes I will look at stochatics other times I will look at fib
numbers. Sometimes I wake up in the morning and just want to be long
bonds. The one thing I do consistently is get out fast when a trade goes
against me (I will take no more than about 6/8 against me) After which I am
just a fond memory.
After considering the matter further, I think that there is most likely a
place for system trading / discretion trading combination each has its own
weakness specifically
System - inflexible and unable to adapt to a market that is never the same.
Discretion - Very adaptable subject to emotional error. -- success requires
complete ego suppression which is something not many can attain.
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