100% Fully Automated? I’m Leaning That Way
July 22nd, 2008After my manual trading performed poorly today I’m considering going fully automated. It’s a terrible type of market for the manual style that I’m using. At the same time, I feel like my automated trading is slowly but steadily coming into its own.
In retrospect, this is really par for the course for my manual trading – it generally makes money each month but the variations are pretty great.
I guess I’m really coming to discover that I think that more consistent profits are possible with automated trading. I’m certainly not throwing in the manual trading towel just yet, but I’ll be putting an increasing share of my efforts into my automated trading.
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Prospectus Said,
July 22, 2008 @ 1:37 pm
I think that discretionary coupled with automated trading makes a lot of sense. Money management between the two would be the holy grail. I’d split 80-20 or 90-10 during times when one favors the other.
Dave Said,
July 23, 2008 @ 12:54 pm
@Prospectus – they are a nice complement. Once I trade them side by side, it’s easy to see how you’d choose to automate completely.
I’ve almost got to the point where my “manual” trading is closer and closer to completely automated. I guess the lines are blurring.