I'm convinced that the traders that are actually making money, consistently and longterm, are the ones that have been able to develop systems that are primarily mechanical in nature, while still maintaining a clear edge... but what an incredible challenge it is to achieve this. I'm not discounting the value of discretion in trading, discretionary manual trading can be a huge edge in itself, IF you are very very good at it. I have pulled off some absolutely amazing discretionary trades over the years, I've also pulled off some amazingly BAD discretionary trades over the years. While exciting, I decided this wasn't the way to go for me.
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!