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Re: System trading vs discretional trading
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What kind of trading system( non automatic) do you guys recomend for somone papertrading and getting familuar with?
I like using sma's in a manor that when the lines cross they give buys and sells but have a lot of whipsaws.
I get the stocks from a oversold scan type filter.
chris |
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You know moving average crosses only work in a trending market which is 30% of the time. You will get CHOPPED around majority of the time. Not a good strategy to live by. You should apply different strategies under different market conditions. I also don't think in terms of oversold or overbought. Better to think in terms of supply vs demand or price rejecton vs price acceptance.
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James Lee
TradersLaboratory.com
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