What's better, systematic or discretionary?

fordewind said:
The history does not repeat itself!You cant predict volatility,hence you`ll never define stops.Its more like Brownian or gambling.I found that the systematic is pure gambling so the variables are just.
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I can't dunk a basketball, that means no-one can do it.
 
fordewind said:
Will cost you your house.Gambling, man, pure gambling.More like house advantage.
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This discussion is going nowhere. If I'm gambling as you say then so be it, I'm just absurdly lucky. As are all the successful systematic funds, just "lucky" for decade after decade after decade.
 
d08 said:
This discussion is going nowhere. If I'm gambling as you say then so be it, I'm just absurdly lucky. As are all the successful systematic funds, just "lucky" for decade after decade after decade.
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The ''successful systematic'' fund are running billions.How much do you run?
 
fordewind said:
The ''successful systematic'' fund are running billions.How much do you run?
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That is relevant how? First off, very few are managing billions, most are managing low millions. Secondly, smaller size is rather an advantage for a one man retail operation. You're grasping at straws here. I've encountered so many like yourself on ET, people who refuse to accept that there are other people who do what you can't do. There are many also smarter than myself that outperform me and find strategies in places where I'd be completely lost. It doesn't mean what they do is impossible, just impossible for me.
 
d08 said:
That is relevant how? First off, very few are managing billions, most are managing low millions. Secondly, smaller size is rather an advantage for a one man retail operation. You're grasping at straws here. I've encountered so many like yourself on ET, people who refuse to accept that there are other people who do what you can't do. There are many also smarter than myself that outperform me and find strategies in places where I'd be completely lost. It doesn't mean what they do is impossible, just impossible for me.
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I`m not saying no one can be profitable.Remember, all i said was that predicting volatility was not possible.And no one will ever do it.

I personally know dozens of guys who blew their funds up with the automation.Magna cum laude guys in comp.and math science,you wouldn`t want to play math with.
 
fordewind said:
I`m not saying no one can be profitable.Remember, all i said was that predicting volatility was not possible.And no one will ever do it.

I personally know dozens of guys who blew their funds up with the automation.Magna cum laude guys in comp.and math science,you wouldn`t want to play math with.
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A degree does not guarantee success. All sorts of industries are full of uneducated people outperforming PhDs. It might not be likely but it's very possible.
By taking a directional trade, I'm effectively "predicting volatility".
 
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