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Re: Discretionary Trading vs Automated Trading
I think another big reason for me to be discretionary is that I take responsibility for my trades. I know if I win it's my fault and if I lose it's my fault.
William Gallacher said that you never really learn anything using systems....I like discretionary trading as it forces me to use critical thinking and constantly adapt.
For me at least, I believe that true confidence cannot be acheived without knowing full well that I am totally responsible for every trade I make.
As much as I am in it for the money, I think that using discretion is what makes the process the most enjoyable.
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