Hey Neke,
Contrary to what you and most people on here believe I think you should continue your discretionary trading. At the beginning of last year you were thinking about fully automating your trading, but that went by the wayside as your discretionary trades started doing better.
At another point in time you were considering cutting out options from your trading because they had been consistently losing you money. Shortly after that they were the only type of trade making you money.
I think you have a lot of different strategies and trading methods: your ability to switch toward the successful strategy of the moment has resulted in a lot of gains for you. Automated trading though, has never been a big part of your strategy. I do think you have used your efforts to automate to help inform your discretionary trading but it has not been one of your main investment vehicles. I believe the reason for this is how aggressive your investment strategy has been. In my opinion that aggressiveness is the reason you have been so successful and why you see a lot of jealous posts on here.
I think the question of whether to continue is the same as it has always been. Do you have an edge? If you believe so then continue discretionary trading. You can expect an outlier event over a long period of time and at your risk level I'm not even sure if this qualifies. Possibly the reason you are considering significantly reducing your risk level is outside factors are affecting your investment decisions. In the beginning you started out with nothing to lose. Nothing has really changed, you've already made money even if you lose your current account. Of course there is a lot more money at stake now. The question is, are you willing to risk it all as you were in previous years? If not then you have to completely reevaluate your investment goals. If it is then you have to convince yourself it is play money and focus on strategy not results.
Contrary to what you and most people on here believe I think you should continue your discretionary trading. At the beginning of last year you were thinking about fully automating your trading, but that went by the wayside as your discretionary trades started doing better.
At another point in time you were considering cutting out options from your trading because they had been consistently losing you money. Shortly after that they were the only type of trade making you money.
I think you have a lot of different strategies and trading methods: your ability to switch toward the successful strategy of the moment has resulted in a lot of gains for you. Automated trading though, has never been a big part of your strategy. I do think you have used your efforts to automate to help inform your discretionary trading but it has not been one of your main investment vehicles. I believe the reason for this is how aggressive your investment strategy has been. In my opinion that aggressiveness is the reason you have been so successful and why you see a lot of jealous posts on here.
I think the question of whether to continue is the same as it has always been. Do you have an edge? If you believe so then continue discretionary trading. You can expect an outlier event over a long period of time and at your risk level I'm not even sure if this qualifies. Possibly the reason you are considering significantly reducing your risk level is outside factors are affecting your investment decisions. In the beginning you started out with nothing to lose. Nothing has really changed, you've already made money even if you lose your current account. Of course there is a lot more money at stake now. The question is, are you willing to risk it all as you were in previous years? If not then you have to completely reevaluate your investment goals. If it is then you have to convince yourself it is play money and focus on strategy not results.
