Comments on: 10 Ways New Automated Traders Get Tripped Up http://blog.stocktickr.com/2008/08/21/10-ways-new-automated-traders-get-tripped-up/ Improve your trading! Sun, 07 Nov 2010 23:29:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Why Backtests Can Fool You and What To Do About It - StockTickr Blog http://blog.stocktickr.com/2008/08/21/10-ways-new-automated-traders-get-tripped-up/comment-page-1/#comment-49998 Why Backtests Can Fool You and What To Do About It - StockTickr Blog Wed, 10 Dec 2008 20:15:21 +0000 http://blog.stocktickr.com/?p=891#comment-49998 [...] 10 Ways New Automated Traders Get Tripped Up [...] [...] 10 Ways New Automated Traders Get Tripped Up [...]

]]> By: Dave http://blog.stocktickr.com/2008/08/21/10-ways-new-automated-traders-get-tripped-up/comment-page-1/#comment-49926 Dave Fri, 22 Aug 2008 01:07:24 +0000 http://blog.stocktickr.com/?p=891#comment-49926 @Keith - great points and it sounds like you've got a solid plan for long term trading success. Thanks for the comments! @Keith – great points and it sounds like you’ve got a solid plan for long term trading success.

Thanks for the comments!

]]> By: Keith Shepard http://blog.stocktickr.com/2008/08/21/10-ways-new-automated-traders-get-tripped-up/comment-page-1/#comment-49923 Keith Shepard Thu, 21 Aug 2008 21:37:27 +0000 http://blog.stocktickr.com/?p=891#comment-49923 Excellent post. Most of your points hit home (#4, #6 & #7 especially), but your first point, "Trading Too Large, Too Soon" is absolutely spot on. Traders of all levels should burn that point into their brain when designing new systems. I didn't do that a few times until I learned. Now I keep it small and I keep track of my trades. I stalk my systems for at least a year before I consider live trading "full" positions. Sure, I don't get rich quick and some days I dream of "how much that winner would have been if I had been in full", but the converse, "how much that looser would have cost me had I been in full" keeps me safe and coming back to battle again tomorrow. Excellent post. Most of your points hit home (#4, #6 & #7 especially), but your first point, “Trading Too Large, Too Soon” is absolutely spot on. Traders of all levels should burn that point into their brain when designing new systems.

I didn’t do that a few times until I learned. Now I keep it small and I keep track of my trades. I stalk my systems for at least a year before I consider live trading “full” positions.

Sure, I don’t get rich quick and some days I dream of “how much that winner would have been if I had been in full”, but the converse, “how much that looser would have cost me had I been in full” keeps me safe and coming back to battle again tomorrow.

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