I am a manual trader. I do not have the desire to automate any part of my trading at this time. The way I answered your question is my way of being honest. I think us "chicken peckers" are a dying breed. Without utilizing some form of automation either in order entry or trading signals the "chicken peckers" will be left to die in the next chicken fight!!
Automated Trader vs Manual Trader
- Thread starter WmWaster
- Start date
I am a manual trader. I do not have the desire to automate any part of my trading at this time. The way I answered your question is my way of being honest. I think us "chicken peckers" are a dying breed. Without utilizing some form of automation either in order entry or trading signals the "chicken peckers" will be left to die in the next chicken fight!!
To digress a little here ... Makes perfect sense to me. It is laughable how some of the chronic ET losers (they know who they are) seem to think that Quants are on the decline. Could it per chance be a case of sour grapes on their behalf
Anyway, back on track, thank you for your post. Please continue this thread...
Why not turn the basic question around?
What about manual losers versus automated losers?
Answers may be statistically much more significant as these categories hugely outshadow winners.
What about manual losers versus automated losers?
Answers may be statistically much more significant as these categories hugely outshadow winners.
Actually any stance is welcome.
We're not against any stance.
So why do you feel auto-traders can outperform discretionary traders?
To clarify, we're talking aobut some of the best discretionary traders who can, say, gain millions in a year or so.
Can any auto-traders manage to achieve such great achievements?
I would like to hear more about your side.
Thank you.
In your viewpoint, why do you feel you need to babysit your automated system?
As to "very well", how well an automated system performs?
I would like to hear more about the performance automated system. My impression, so far, is they can gain consistently in long-term, which is successful. But it seems NO auotmated system in the world can get close to what some of the greatest manual traders manage to achieve - superb returns rates (eg millions with small capital); high accuracy (eg 80-90%); very long winning streak (eg over 100 days) or very low drawdown.
Any ideas or opinions are appreciated.
and that's the reason of this thread.
No matter how you cut the slabs of raw meat...A trader still has gotta monitor the trades...
Quote from WmWaster:
Hi. Ideas gatheirng time.
I would like to hear people's opinions on several issues.
1)
How do you compare between automated system and manual trading? What're their pros and cons?
2)
What makes you feel automated trading is the best way to go, if you think so?
3)
Do you think automated system can beat manual trader?
Can automated system get close to or even suprpass what some successfully manual trader achieve (eg traders from $10k something to millions in a few years)?
Thank you!
Quote from WmWaster:
In your viewpoint, why do you feel you need to babysit your automated system?
As to "very well", how well an automated system performs?
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Would you let a high 6 figure or 7 figure account run automated without watching the operations realtime? NOT ME!
Also some automated trade systems use the systems own server to hold "stop-limits" that are not native to the exchange - so if you lose power or have any technical problem you may lose all your order synchronization.
You could hire someone to watch your systems while you go play golf - that would be a way so that YOU do not have to watch your systems realtime everyday.