tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Re: Trading discipline. Letting your winners run.
Would be dependant on what that discretionary filter was.
We have contrary results as Discretionary trading has placed me in outlier moves particularly short term 50% plus moves more often that Systems trading,infact I cant remember a 50% move in less than a week with any of my systems.---but that may have more to do with the system than Discretionary V non Discretionary.
True but now we are talking of trade frequency not win rate.
If I take my 10 trades in 2 weeks and you take 30 in 6 weeks I'll be wearing the smile.
Actually, what I did was to add a non hindsight flag which indicated a GO/NO GO to the trade based on the chart at entry. i.e. I TESTED discretionary versus non discretionary as a filter. I was testing my belief that a discretionary component to the system would add an edge - it remarkably did exactly the opposite.
Would be dependant on what that discretionary filter was.
Discretionary MASSIVELY underperformed systematic. This was a consistent observation. Discretion kept me out of many of the outlier winner trades.
We have contrary results as Discretionary trading has placed me in outlier moves particularly short term 50% plus moves more often that Systems trading,infact I cant remember a 50% move in less than a week with any of my systems.---but that may have more to do with the system than Discretionary V non Discretionary.
Not at all.
If you take 10 trades @ 70% win rate with a R:R of 4:1 and I take 30 trades @ 40% win rate and R:R of 3:1 - who comes out ahead?
You'll feel better psychologically about your 70% win rate and how clever your analysis is, but I'll have more money.
True but now we are talking of trade frequency not win rate.
If I take my 10 trades in 2 weeks and you take 30 in 6 weeks I'll be wearing the smile.