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    'Discretion' in discretionary trading

    Well, I would argue that in vast majority of cases these many flavors and levels of discretion can be programmed in or lets say compiled into a set of rules. So trading then becomes largely mechanical. for example Richard Dennis famous turtle system had a 'smart rule' to skip the next trade if...
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    'Discretion' in discretionary trading

    damn, I didn't think I would get a response like this here in ET. I am all ears if you like to elaborate further. 1. Emotion Control 2. Instinct 3. see into the horizon of immediate future. I find the above very difficult to do in real time trading. My two strong emotions of fear and...
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    'Discretion' in discretionary trading

    Right, so that can be made into a rule, if you see kids playing ball be extra careful... what is the secert sauce in successful discretionary decision making? Malcolm Gladwell wrote a facinating book Blink about rapid congnition. But I don't know how to apply that to trading...
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    'Discretion' in discretionary trading

    well, basically I am searching for the secert sauce in successful discretionary trading. So you are suggesting that experience is one important ingredient. What if an experienced trader sat down, and over a period of time codefied all of his experience, came up with a set of rules. So what a...
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    'Discretion' in discretionary trading

    I am new to discretionary trading and need some help in understanding the role of "discretion" in discretionary trading. some other words that come to mind are judgment, intuition, subjective analysis. I like to take the other side of the argument, and say that the more I look into...
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    Programmers think they are like 007

    Just curious if you have looked at these websites. I have friends who have posted trading projects, programmers bid on it, he has used programmers from Russia, Egypt, Pakistan. I don't recall him mentioning any issues with payments etc. No one really pays full payment in advance...
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    Could World Beat #1 Chess Player at Fast Game?

    black should have resigned 5 moves ago.
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    Could World Beat #1 Chess Player at Fast Game?

    I think carlsen is being generous. giving them a chance, prolong the game...
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    Could World Beat #1 Chess Player at Fast Game?

    here you go Ba6, start of chaos, trying to stir things up
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    Could World Beat #1 Chess Player at Fast Game?

    Yes, too bad. the world didn't put much of a fight...
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    Could World Beat #1 Chess Player at Fast Game?

    black, very inconsistent play. typical of the crowd mentality, can't agree on anything. I still am able to follow the game, but no video or audio commentary...
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    Could World Beat #1 Chess Player at Fast Game?

    gary made a good comment that consensus play on part of world may introduce some inconsistencies in the game. also magnus playing white favours him.
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    Could World Beat #1 Chess Player at Fast Game?

    So the world actually doesn't get to make their own move, but select one of the moves from the three gm. magnus looks really bored.
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    Could World Beat #1 Chess Player at Fast Game?

    unfortunatly most don't recognise the importance of chess in trading. Susan Polgar, one of the grand masters in todays match is all about pattern recognition.
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    CL Redux

    yes, good call. That naked point always gets me excited. a quick non-trading comment: if any of you are interested in chess. you too in about 45 mins, can play the #1 world player magnus carlsen online today. http://rwcc.g-star.com/
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    Could World Beat #1 Chess Player at Fast Game?

    very true. so magnus, the 19 year old wonder kid will get 1 min and three GM 1 min + world 1.5 min. very cool, there is live video stream. 51 min to go, can't wait. http://rwcc.g-star.com/
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    CL Redux

    exit 76.02. now flat.
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    CL Redux

    out and reverse 75.67, .50 stp
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    CL Redux

    Yes, always kidding. you guys are all good. after a big trend day yesterday and a big overnight move. today was perhaps not the best for me to start trading actively...god help me today.
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