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Ray
As a discretionary trader, when you hit a string of losers, does it shake
your confidence and what do you do to get out of it?
Kent
-----Original Message-----
From: Raymond Hodge <rphodge@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Tuesday, July 11, 2000 3:45 PM
Subject: [RT] Re: Trend Reflections Trading System
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.
Something about all of those strings of losers, and feelings of being out
of control, etc. etc..
Of course the upside to mech is that it is easier to learn how to get
started and doesn't seem to require the on going time and effort that
visual/discretionary does. So newbies like it. Also most peddlers like it
cause they figure they can spend most of their time selling instead of
analyzing. That's also why most purchased advice is so worthless.
Anyway, like so much in life, what seems to be true at first really isn't.
The few guys I know who have pulled off the mech thing for very long, work
at fiddling with their gadgets and gizmos harder than I do at following the
markets.
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 don't bother to post much cause I know from experience that no one is
much interested in hearing about what I do. Visual/discretionary analysis
is too much like work. Also it keeps me too busy to write notes.
Besides, I'm thankful for all of the folks that get into mech trading cause
my family and I need your money.
Just the opinion of someone who isn't trying to sell you anything.
Ray
At 12:14 AM 7/11/2000 , you wrote:
>I have been on this list for quite a while now and have noticed that
>the only traders that post their trading results are those that are
>trading mechanical systems. Could it be that discretionary non-
>mechanical trading is a losing game?
>
>Congratulations Steve!
>
>Glenn Pederson
>gpeder@xxxxxxxxx
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