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Method or Man?

  • #41
  • Oct 12, 2021 12:12am Oct 12, 2021 12:12am
Quoting havo
{quote} Oh yes, perception its always based on the mindset of the viewer, however there are "realitys" are absolute, wheter we like it or not.. and maybe "logic" isnt the proper word, maybe its something like an "structured aproach"? to a problem.. like a step by step/guideline, sorry but english its not native for me, but i have the idea very clear and i can explain easily.. in my language and yes, logic (my explanation) and math goes hand in hand as the "grow up" part, YES, when we have a bad/negative personality...
I have been tempted to use renko, yes. The problem for me is that, unfortunately, at this moment I only have time for discretionary trading.

Another approach I need to work on is digital signal analysis, because I used it in the past to extract periodicity and power from raw data quite successfully. But trading is more complex than other data sources. I think it is not that popular, but Fourier-transform is a very interesting out-of-the-box tool available for everyone.

Regarding the personal traits, I always recommend reading Steenbarger's work on trading psychology before even starting with technical analysis.

Thank you for your insights and advices.

Cheers.
  • #42
  • Oct 12, 2021 4:45am Oct 12, 2021 4:45am
Quoting RickM
{quote} Hi Havo My problem is I have worked very closely within an Algo development team of about 15 talented traders within three groups. I have also worked with a handful of professional Algo traders on various strategies to build them into working EA’s with the aim to running them within portfolio’s. We actually have about 120 strategies and builds on the data base last time I looked. Here is my problem. No one made any much money, ever. These were good traders with smart strategies but they generally fail in Algo’s. A single manual trader placing...
I agree.

If people want start earning , manual is the way, specially with forex.

If I knew how huge task was go that route, developing a robust trading strategy, i would use that time for learning to paint or be a better musican or handcraft. Something real and not in virtual digital form, and screen time.

I say its man/woman. Who creates these skillful and unskillful methods.

So which way you climb to tree, I think you and farmer had found better way climb to the money tree , not like a this fellow from video,

Inserted Video
  • #43
  • Oct 13, 2021 7:00am Oct 13, 2021 7:00am
i will say in best way

1st learn strategy and do by yoursel that is huge best way ( method )
2nd follow some best analyst /economist of the world to match your trend with them ( man )
3rd try to make your strategy automated or semi automated to reduce your stress and manually hard work ( EA )
  • #44
  • Oct 13, 2021 7:20am Oct 13, 2021 7:20am
Quoting FXEZ
Method or Man?
Man & method!
Return To Disorder
  • #45
  • Oct 13, 2021 7:34am Oct 13, 2021 7:34am
Order and method, Miss Lemon, order and method!
  • #46
  • Oct 13, 2021 7:39am Oct 13, 2021 7:39am
Quoting lostup
i will say in best way 1st learn strategy and do by yoursel that is huge best way ( method ) 2nd follow some best analyst /economist of the world to match your trend with them ( man ) 3rd try to make your strategy automated or semi automated to reduce your stress and manually hard work ( EA )

You probably mean.

1st. learn a method.

2nd. don´t follow talking heads.( you never know what is they hidden agenda, few years ago was CNBC stock "guru", who was publicly during they show, told he is trading demo/paper. telling those tips to millions of people. Good they kick him out. It was embarrassing for CNBC.

3rd. Try to implement your method into strategy. I don´t know how much it take away stress, if you own goat, you will get goats problems too, meaning have to monitor live strategy, servers,uptime,whats happening in markets(events)/politics (should i turn off for while)...

there are big difference with words method,strategy and system, and meanings of them.

All this with positive vibes. not a besserwisser.

  • #47
  • Oct 14, 2021 2:10am Oct 14, 2021 2:10am
It’s always about what works for you. For me, it is always a matter of time and my risk appetite. When the market is highly volatile, it becomes difficult for me to take advantage of every fluctuation happening in the market. That’s when my trading system does wonders. But when I have the time to analyse the market every time I want to make a move, I prefer trading manually.
  • #48
  • Oct 18, 2021 1:36am Oct 18, 2021 1:36am
I like to trade manually because it makes me the master of my own trades. I don’t prefer depending on a computer program with my money. Sometimes, the market makes such unexpected moves that even the trading program can fail.
  • #49
  • Oct 19, 2021 10:16am Oct 19, 2021 10:16am
Method. With more practice one develops.
  • #50
  • Oct 21, 2021 7:18am Oct 21, 2021 7:18am
Explore the method first and find your niche on the trading web.
Behavior will be formed during the skills development. All that is needed is a healthy psychology and a clear mind and method
  • #51
  • Oct 21, 2021 8:09am Oct 21, 2021 8:09am
Quoting tiborf71
{quote} well yes, for years the same non-working strategies have been superimposed on the sides of ff. there is nothing new.
Even psychological problems have not changed over the years
discipline
greed
ignorance and so on
I remember that in order to find something new, it is enough just to completely forget the old. The snake has eaten its tail, that's all, ouroboros
  • #52
  • Oct 21, 2021 9:12am Oct 21, 2021 9:12am
Man mostly
  • #53
  • Nov 1, 2021 5:38am Nov 1, 2021 5:38am
I think it’s man. There are plenty of methods but if one doesn’t know how to apply it properly, it will be a waste of time. A skilled trader can tweak a method and can make necessary modifications to a method to get the best results from it. Man is the driving force, method alone is useless.
  • #54
  • Nov 2, 2021 4:40am Nov 2, 2021 4:40am
There are jobs that only understand the method that can be done well for a lifetime, but not trading. With this profession, what is needed is both method and psychology
  • #55
  • Last Post: Nov 2, 2021 6:28am Nov 2, 2021 6:28am
Quoting Justin2530
There are jobs that only understand the method that can be done well for a lifetime, but not trading. With this profession, what is needed is both method and psychology
just don't violate the psychology while trying to learn the theory and practice of the method. Each method that is already used will have its own singularity associated with the human factor. And if the approach to method is wrong, it won't work at all and finally leads to losses.
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