Hello Forum,
I thought it would be interesting to start a little discussion about the two groups of traders.
I am myself more a systematic trader, as I am a believer of clear rules. However I must admit my trading style carries some discretionary elements!
I think successful Traders all follow rules, whether they are systematic Traders, or discretionary Traders. The bad systematic Trader has rules which are no good. The bad discretionary Traders seem to favor the entry caused by greed and an exit caused by fear, which is similiar to having no rules, or closely related to gambling.
The good systematic Trader has a good set of rules, however the good discretionary Trader is more flexible and able to adapt to their new environment.
So at the end of the day, I seem to think it is all about developing the right rules? Maybe this could be our next discussion...
Regards
Paul
I thought it would be interesting to start a little discussion about the two groups of traders.
I am myself more a systematic trader, as I am a believer of clear rules. However I must admit my trading style carries some discretionary elements!
I think successful Traders all follow rules, whether they are systematic Traders, or discretionary Traders. The bad systematic Trader has rules which are no good. The bad discretionary Traders seem to favor the entry caused by greed and an exit caused by fear, which is similiar to having no rules, or closely related to gambling.
The good systematic Trader has a good set of rules, however the good discretionary Trader is more flexible and able to adapt to their new environment.
So at the end of the day, I seem to think it is all about developing the right rules? Maybe this could be our next discussion...
Regards
Paul