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> Every study I've ever seen on mechanical vs visual/discretionary
> debate has indicated that over time the mech guys trash their
> accounts more often and finally burn out sooner that
> visual/discretionary traders.
Periodically I hear claims that some large percentage of the top
traders are mechanical. Usually the Turtles are used as an example.
I know the Turtles haven't done real well lately, and even Dennis
doesn't follow the system he used to, but I was wondering if there
was any truth to this claim. Anybody have any way of knowing how
many top CTAs are mostly mechanical?
> I personally have been a visual/discretionary trader for years and
> while it's a lot of work (like holding down a real job) I enjoy it
> immensely. But I like studying the markets more than I like fiddling
> with gadgets and gizmos. To each his own.
I think that's a lot of it. I've been playing with "gadgets and
gizmos" of one kind or another since I was a kid, and programming
computers since 1973. So writing systems comes naturally to me. I'd
love to be able to read the market like some people I know, but all
attempts to do so have been expensive failures. Maybe after I'm
around long enough I'll start to pick up the discretionary skills,
but so far I do a LOT better if I spend my time fiddling with gadgets
and gizmos. *AND* doing what they tell me to do. :-)
Gary
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