tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Hi Pete and all.
Like many I'm in the silent viewers. Great job Peter and very real
for those who trade in a discretionary manner.
Lone Wolf has mentioned some astute observations which are very real in my own experience
Such as the period of profit.
Id like to just add a little.
Its often touted that we can code discretionary trading methods and this can be true to an extent
but I believe that clever people with flexible code language can program most.
Even the discretionary recognition of ("Your Mothers Face") as T/H once put it--can be coded.
Its my own personal belief that while not all maybe coded enough to answer some very important
questions can be tested. E.g. ---How often is your mother portrayed by an imposter.
What is a good way to filter a flat or down period--buy less--don't buy at all--include other methods.
Without some of these answers or indications we are at best relying on our past experience
at worst a wing and a prayer.
One issue with fanning out into Leveraged instruments like Futures.
The leverage in the example we are linking it to will skew loss AND return.
A losing streak could kill profit gained over our 2 good months but could greatly
improve it in the others---which if it did poses the question---why not trade just that.
I again personally think that Discretionary traders are at a disadvantage without at least SOME answers.
The big drawback for most of us is.
(1) What do we really need to know--what's important--what's enough--what's pertinent.
(2) What are the tools I need---is what's currently available enough---Amibroker---Etc
(3) What skills do I need for most of us we aren't Howard Bandy.
Perhaps changing long and short CFD's would be a help.
Cheers
Like many I'm in the silent viewers. Great job Peter and very real
for those who trade in a discretionary manner.
Lone Wolf has mentioned some astute observations which are very real in my own experience
Such as the period of profit.
Id like to just add a little.
Its often touted that we can code discretionary trading methods and this can be true to an extent
but I believe that clever people with flexible code language can program most.
Even the discretionary recognition of ("Your Mothers Face") as T/H once put it--can be coded.
Its my own personal belief that while not all maybe coded enough to answer some very important
questions can be tested. E.g. ---How often is your mother portrayed by an imposter.
What is a good way to filter a flat or down period--buy less--don't buy at all--include other methods.
Without some of these answers or indications we are at best relying on our past experience
at worst a wing and a prayer.
One issue with fanning out into Leveraged instruments like Futures.
The leverage in the example we are linking it to will skew loss AND return.
A losing streak could kill profit gained over our 2 good months but could greatly
improve it in the others---which if it did poses the question---why not trade just that.
I again personally think that Discretionary traders are at a disadvantage without at least SOME answers.
The big drawback for most of us is.
(1) What do we really need to know--what's important--what's enough--what's pertinent.
(2) What are the tools I need---is what's currently available enough---Amibroker---Etc
(3) What skills do I need for most of us we aren't Howard Bandy.
Perhaps changing long and short CFD's would be a help.
Cheers
(*)
