Hi All,
Since several threads recently have centered around mechanical versus discretionary trading, I have been wondering how many traders trade one way versus the other. This isn't intended to be a debate on which is better. That question will never be answered because no two traders are alike (which makes for a great market). It really doesn't matter. What does matter is that we are able to discuss the pros and cons of each and to help newer traders reading all these threads to make informed decisions about which method will work best for them.
So, in that regard I though it would be interesting to take a poll to see how many of each type we have here at Elite.
Of course, the two methods can overlap somewhat, so just pick the one that most closely fits your style. By mechanical, I don't mean 100%, but rather you use computer based rules to signal trades, and the vast majority of the time, you take all the trades with no discretion.
I realize there is some gray area here, and some may use elements of both, but hey, its just for fun, so flip a coin it your not sure. Heads, your mechanical, tails, your discretionary.
Good trading to all (no matter how you trade)!
Kirk
Since several threads recently have centered around mechanical versus discretionary trading, I have been wondering how many traders trade one way versus the other. This isn't intended to be a debate on which is better. That question will never be answered because no two traders are alike (which makes for a great market). It really doesn't matter. What does matter is that we are able to discuss the pros and cons of each and to help newer traders reading all these threads to make informed decisions about which method will work best for them.
So, in that regard I though it would be interesting to take a poll to see how many of each type we have here at Elite.
Of course, the two methods can overlap somewhat, so just pick the one that most closely fits your style. By mechanical, I don't mean 100%, but rather you use computer based rules to signal trades, and the vast majority of the time, you take all the trades with no discretion.
I realize there is some gray area here, and some may use elements of both, but hey, its just for fun, so flip a coin it your not sure. Heads, your mechanical, tails, your discretionary.
Good trading to all (no matter how you trade)!
Kirk
