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Hi,
As usual, there appears to be more emotion expressed on this group than
most, particularly on the subject of trading by computers.
As in most areas, it is relatively simple to differentiate those who speak
from experience and those who speak from emotion. I know the emotional
probably cannot see this - they are blinded by emotion, but the rest of us can.
The emotional:
- often attack the person not the topic,
- often use vehemence as a means of denial of personal change,
- are not in learning mode,
- "Never let the facts get in the way of a good emote.",
- rarely let their experience tell, for they have little experience they
value.
In the early 1990's, I made extensive use of 'Neural Ware' software using
back-propagation and other techniques.
I did not make money with the neural network but I did learn many things -
from experience:
- I learned how to further reduce my trading losses,
- I learned about transfer functions including sine waves and so
learned more about cycles.
It seems likely that as I have grown in experience and knowledge and
trading success, so have neural networks and other computer based trading
approaches - probably more effectively.
I accept they have improved as a trading tool or even trader replacement as
I have improved as a trader.
Computer based trading is now probably, for some traders, taking money off
the usual emotional losers and putting it in the account of those who value
experience over emotion. The fact that it is not widely advertised says
nothing about its existence or non-existence.
But the emotional like to get most of the excitement and get to vent their
anger more - and is this what they call success. This is why they
repeatedly lose and come back for more - for they get out of the markets
that which they seek - exercise of emotions.
Speak from experience, not from emotion, and you will learn more. And so
will everyone else.
Experience or emotion, it is your choice.
But of course the emotional may find this talk of experience enraging and so...
Unconditional regards, Ric.
www.traderscalm.com
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