Quote from candletrader:
Creation of the strategy is an art... this part of trading is interesting...
Implementation of the strategy is a science... this part of trading is boring like hell...
I'd like to explore what
candletrader said for a minute.
Creating a strategy requires a lot of creativity
(we can call that the "art" part), but it also requires assimilating a large amount of knowledge about trading entry, money management, reading the markets, knowing when to take small gains and when to go for a bigger pot, utilizing multiple trading strategies/instruments, etc., etc., all that stuff, that's all science - a lot of it math (probability, distributions along an equity curve, game theory) ... and as they say, a little luck most definitely won't hurt ya!
(that's definitely art).
Once you've put your tool-set together, it's going to require a very methodical approach and a lot of discipline to implement it, consistently, time and again with every trade, day-in and day-out. So that part requires consistency in execution and discipline to do so, and those qualities exist in all of the Arts & Sciences.
Just looking around this forum you will see a myriad of different styles, theories, ideas of what is right or wrong, what represents good or bad trading, etc. Perhaps the only thing we can agree on collectively is that there are many different ways to make money.
That being the case, since there is no set way to measure it, and it always changes anyway, trading has got to be one of the most sophisticated Arts that I know of.
Good trading,
Jimmy Jam
