Discretionary vs. Quantitative

Pick one! Thanks!

  • Discretionary

    Votes: 44 55.0%

  • Quantitative

    Votes: 36 45.0%
  • Total voters
    80
I don't like discretionary or quantitative.

How about some more options?

C) Social Networking/Insider Information Trader
E.G. Steve Cohen

D) Ponzi Schemer
E.G. Bernard Madoff
 
Quote from Martinghoul:
Sh1t, I'd better leave now, I guess...
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The word, aluminum, do you pronounce it "ah-loo-min-num" or "al-loo-min-nium"? If it's the latter, then leave now. :cool:
 
Quote from Pension_Admin:

I just want to mention some of the better known traders in no particular order:

<b>Discretionary:</b>
Jesse Livermore
Paul Tudor Jones
George Soros
Jim Rogers
Victor Niederhoffer
Steve Cohen
John Paulson

<b>Quantitative:</b>
Ed Seykota
Jim Simons
More...

Think it's important to point out that there is a difference between quantitative and mechanical. One can approach the market as a discretionary quant or a mechanical quant.

For ex, is it accurate to label John Paulson as simply "discretionary"? The guy that crafted and developed the subprime mortgage trade and put Paulson on the map, was Paolo Pellegrini. He has a highly quantitative macro approach when addressing the OTC/mortgage markets.

You then have highly successful traders who have dozens of mechanical strategies at their finger tips, but it requires a discretionary process to know when to put what strat in the market.

Personally consider myself quantitative, while using mechanical systems to churn out entry/exit/risk etc criteria. Manually enter/exit market.
 
Quote from Syprik:

Think it's important to point out that there is a difference between quantitative and mechanical. One can approach the market as a discretionary quant or a mechanical quant.

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Thank you for the clarification!

Just to further clarify, what I mean by discretionary trading, in this poll, is no complex math at all when making entry and exit decision.

When complex math is in the decision-making equation, it is a quantitative trading strategy.
 
Quote from Martinghoul:

I am quantitative-driven discretionary...
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Agreed..

If one can’t quantify what one is doing – then one sure as hell will have a hard time reliably repeating it


PA,

With respect to complex math – I strive for KISS in all matters trading related – why muddle things up


Happy & Safe Thanksgiving All

RN
 
Quote from Redneck trader:

PA,

With respect to complex math – I strive for KISS in all matters trading related – why muddle things up

RN
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RN,

KISS is what I strive for as well. I don't know much complex math. Math equation looks like a bunch of smilies to me ( :P :( <3 lol )

However, I think those complex math do help a trader with the emotion of trading. It gives a trader confidence in their entry and exit, and also help endure drawdown period.

PA
 
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