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Soultrader

Discretionary or automated?

Are you a discretionary or mechanical trader?  

10 members have voted

  1. 1. Are you a discretionary or mechanical trader?

    • 100% discretionary
    • 100% automated
    • A little bit of both but more discretionary
    • A little bit of both but more automated
      0
    • Both 50/50


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I personally think most discretionary traders would be automated traders if they knew how to code. The only true discretionary traders are "instinct" traders who enter trades without any rules. If you have a set a rules then it would be possible to put those rules into an automated strategy but it would take very advanced coding. Investment banks are spending more money on coders now than traders.

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I personally think most discretionary traders would be automated traders if they knew how to code. The only true discretionary traders are "instinct" traders who enter trades without any rules. If you have a set a rules then it would be possible to put those rules into an automated strategy but it would take very advanced coding. Investment banks are spending more money on coders now than traders.

 

Well said notouch. I voted discretionary but would like to take my vote back per notouch's post. ;)

 

I would love to have my system coded in such a way that I could walk away and not come back to a margin call. I know, that's extreme, but that's how I feel. Unless I code it or trust the person doing it w/o question, I remain a discretionary automated trader. :p

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