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I'm curious on average how many trades you get daily in your intraday trading system. From my understanding, it is difficulty to get more than 3 trades a day for an automated system. This is also one of the aspect I prefer discretionary trading over automated trading. A discretionary trader has the flexibility to trade by adjusting to different market conditions. He/she can be both a scalper and a swing trader. I'm not sure whether automated system have such a flexibility. |
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See the attachment. 100% automated, even the execution.
I trade a portfolio of systems, no discretionary trader can come close to duplicating these results. From a conceptual view, the human mind could never find such systems, (I don't use AI). And from an execution view, any trader would burn out after a couple months trading something like this manually!
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I'm a discretionary trader for two main reasons. First, there are too many variables that I look at to capture in a mechanical system. |
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Yes there are so many variable, but dont forget the simple stuff always works better, especially for discretionary trader. You should be using no more than 3 non correlating technical reason reasons to enter a position. Anything more and confusion starts to creep in...
The main problem most trader face is they lack the technical skills required to implement automated systems. Start learning programming if you are serious!