Interesting article about discretionary trading setups vs. systematic

This is a discussion on Interesting article about discretionary trading setups vs. systematic within the Discretionary Trading forums, part of the Methods category; The article is interesting in many aspects, not only about the comparison but also about the points made regarding calculation ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 6, 2016, 11:24am   #1
Joined Aug 2011
Interesting article about discretionary trading setups vs. systematic

The article is interesting in many aspects, not only about the comparison but also about the points made regarding calculation of performance figures. I think it is useful read.
darktrade is offline   Reply With Quote
Old Nov 6, 2016, 1:32pm   #2
Joined Feb 2002
I was reading the Price Action blog for a while until I realised what Mike Harris had said about market volatility just a month apart -
29/07/16 - Unprecedented Volatility Collapse.
"Unprecedented volatility collapse in S&P 500. The 11-day range is < 0.93%."

30/08/16 - Protracted Low Volatility Is Not An Unusual Phenomenon.
".....In the S&P 500 chart since 1950 it may be seen that the current 36 day period with absolute daily return less than 1% does not even exceed three standard deviations...."
tomorton is offline   Reply With Quote
Old Nov 6, 2016, 2:27pm   #3
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
Quote:
Originally Posted by darktrade View Post
The article is interesting in many aspects, not only about the comparison but also about the points made regarding calculation of performance figures. I think it is useful read.
The long and short of it is, the long and short of it.

I feel embarrased for all those beginner and intermediate traders who mistakenly believe that trading is all about ID'ing their entry set up, pulling the trigger, then watch their positions do nothing. Nett result = acct bleeds fees, spread and financing. It all stems from faulty thinking, that markets are/do move directionally. The frequency just isn't there. When it does move, it moves from A to B in a flash.

As I've pointed out many times, it's easier to make money taking positions long and short, biasing when required, so that the aggregate position wins out at some point.

Remember the fairground game. You have 3 balls to knock 10 tin cans off the shelf.
Well if you had 10 balls, then you would be really crap if you didn't manage to win the prize.

That's what trading is about.

Implementing a strategy to maximize your chances of turning a profit, regardless of what the markets are doing.
__________________
Spreading the madness across this suite of forums.

Those are my principles and if you don't like them, well..... I have others.

Kin Dissers Everywhere
counter_violent is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
A very interesting article by the BBC Nut Educational Resources 11 Nov 7, 2012 9:06am
Interesting Article damianoakley Educational Resources 20 Oct 23, 2006 5:13pm
Discretionary vs. Systematic Trading - Profile of your journey? North_Face General Trading Chat 16 Apr 3, 2006 8:31am
An Interesting Article about Interbank Online Trading TRADERguy Forex 0 Dec 5, 2004 2:51pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)