Recently gone automated, what to do?
- Thread starter Lornz
- Start date
Research research. But I guess its a good thing sharing it.
TTC rocks!
Been through most of the science courses along with other various courses to keep it interesting. Stress and Your Body is highly recommended.
You can also try MIT Opencourseware. http://ocw.mit.edu/courses/audio-video-courses/
Lots of unexpected insight into trading along the way.
Cheers
Hi,
I know what you mean when you say that all of a sudden you have nothing to do. When I first found an ATS that worked I was bored to tears . I was not profitable trading discretionary when I had developed my first working ATS. Since then, all my"sitting" was put towards developing a discretionary trading method that was profitable. I suggest you either continue trading your discretionary methods in different markets while your ATS runs. If you can't trade discretionary, now is a great time to learn! Funny thing is , i find that my discretionary trading is now more profitable then my ATS trading . I also now favor discretionary over ATS because of the flexibility in different markets/conditions.
I know what you mean when you say that all of a sudden you have nothing to do. When I first found an ATS that worked I was bored to tears . I was not profitable trading discretionary when I had developed my first working ATS. Since then, all my"sitting" was put towards developing a discretionary trading method that was profitable. I suggest you either continue trading your discretionary methods in different markets while your ATS runs. If you can't trade discretionary, now is a great time to learn! Funny thing is , i find that my discretionary trading is now more profitable then my ATS trading . I also now favor discretionary over ATS because of the flexibility in different markets/conditions.
I haven't checked this thread in a couple of days; Thanks for all the feedback, I appreciate it.
@zedDoubleNaught: Let me know if you find any good forums for such topics, I am in the same boat as you.
@Runningbear: I actually run every day before the the market opens. I live in Europe, so my trading day start at 3pm. But I am spending far too much time sitting, which is detrimental to one's health. Maybe this is the solution?
@Cdntrader: Yes, TTC is excellent. Thanks for reminding me of OpenCourseWare, I had forgotten about that. Very interesting. I am currently working my way through the science courses, and will check out "Stress and Your Body" next.
And yes, I've also found them beneficial to my trading in unexpected ways.
@Zr1Trader: I have traded discretionary for years, but I think my algorithms successfully captures my approach. But I am not totally convinced yet. I could trade another market, but I am trying to make my way back into the world, I've spent far too many hours behind a screen the last few years.
@zedDoubleNaught: Let me know if you find any good forums for such topics, I am in the same boat as you.
@Runningbear: I actually run every day before the the market opens. I live in Europe, so my trading day start at 3pm. But I am spending far too much time sitting, which is detrimental to one's health. Maybe this is the solution?
@Cdntrader: Yes, TTC is excellent. Thanks for reminding me of OpenCourseWare, I had forgotten about that. Very interesting. I am currently working my way through the science courses, and will check out "Stress and Your Body" next.
And yes, I've also found them beneficial to my trading in unexpected ways.
@Zr1Trader: I have traded discretionary for years, but I think my algorithms successfully captures my approach. But I am not totally convinced yet. I could trade another market, but I am trying to make my way back into the world, I've spent far too many hours behind a screen the last few years.
Hi TS, I do have the same "problem" When you are fully invested, things and markets r going well (even if it comes down -2% u are still OK).
They say the portfolio/fund managers that make 1-5m a year, only go into their office to check positions once a month.
Soon you'll reach that point, its the ultimate end goal, when ppl spend 10 hrs a day and make the same $X when u spent 3 hours a week to manage investment positions.
They say the portfolio/fund managers that make 1-5m a year, only go into their office to check positions once a month.
Soon you'll reach that point, its the ultimate end goal, when ppl spend 10 hrs a day and make the same $X when u spent 3 hours a week to manage investment positions.
I think part of the reason why ATS was able to improve your strategy is because the repetitions of obverving your own strategy outside of yourself allowed you to notice what works or what doesn't work. ATS forces you to be logical (it only does what you program it to do), and consequently challenges many assumptions that you have made about the market head-on with live forward testing. Similar to writing something down or even talking something out with an "objective" friend, when you put an idea or see someone else take an action (outside of yourself), it helps give you ideas.
Repetition can occur also with manual trading, but it may be more difficult because you spend the majority of your time managing trades (worker level). The primary difference between ATS and manual trading is the scalability (executive/management level). You can only manually watch so many charts, keep up with so many alerts, trades, etc.
So to the OP, the next step is to tweak the scalability to compound your earnings faster. Also tweaking settings for individual markets.
The other suggestions of owning a pet, such as a dog/cat were good also. What about a significant other (girl/boy friend)?
I'm surprised traveling was not mentioned. You can get high-speed internet just about anywhere. I'm assuming you are using (or willing to use) VPS or some other remote desktop where you can keep maximum uptime and login and see your trading platform. You can get all the significant others you want when you travel
