Snuskpelle's (kind of) Intraday Adventures 2019

padutrader said:
why do you think algos are that good?

it would be nice if you post charts
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Not posting charts because you could take any similar looking chart and just have 50% win rate. Although I don't always state it, I retain a bias based on what I read recently in fundamental news/analysis from people smarter than me, etc. and don't bet against said bias. I'm too unsystematic in how I acquire my bias (e.g. resulting in fewer trade ideas than I would like and sometimes dumb conclusions) but that I try to improve.

Because testing anywhere from simple to very advanced algos on massive databases of price data is trivial compared to going through the same data as a human. The only way you will have an edge as a human is having additional context the algos don't know about. Sufficient context can sometimes be easy (for us) fortunately, such as "Fed is delaying rate increases".

While I'm sure there is a 0.1% of population that is good enough at pattern recognition and self control to compete with price algos, I don't belong there.
 
Snuskpelle said:
Not posting charts because you could take any similar looking chart and just have 50% win rate. Although I don't always state it, I retain a bias based on what I read recently in fundamental news/analysis from people smarter than me, etc. and don't bet against said bias. I'm too unsystematic in how I acquire my bias (e.g. resulting in fewer trade ideas than I would like and sometimes dumb conclusions) but that I try to improve.

Because testing anywhere from simple to very advanced algos on massive databases of price data is trivial compared to going through the same data as a human. The only way you will have an edge as a human is having additional context the algos don't know about. Sufficient context can sometimes be easy (for us) fortunately, such as "Fed is delaying rate increases".

While I'm sure there is a 0.1% of population that is good enough at pattern recognition and self control to compete with price algos, I don't belong there.
More...

you seem to have a complicated view of trading.....i have the simplest possible: something i have spent a great deal of money and time to cultivate.

If you want to know just how simple it is, you can see my journal 'rewind back 15 years.'

patterns are not necessary....only the trend matters...and you can see that in the trades i post.

Open my journal if you have an open mind....

best of luck
 
Closing gold now, we have NFP data today and there may be decent volatility on that that's better to capture after the event than playing the lottery before it.

NAV 21608. Nice week.
 
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