[Soultrader]

Are you a pure discretionary trader or use an automated system?

[TinGull]

Discretionary here.

[Soultrader]

Added a poll

[notouch]

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.

[brownsfan019]

Originally Posted by notouch »

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

[Nick1984]

Discretionary. I'd have an automated system only if i got sick of being in the market.