Effects of Automation on Discipline
Posted: Tue Sep 09, 2003 3:20 pm
I just recently couple of months ago fully automated all of my trading. It took me a few weeks to get use to it, but now I feel it is a very liberating experience.
I have noticed the following:
1) Reduction in Stress.
2) Freeing up more time to do research, work on myself and post messages on Traders Roundtable...
3) I find I am much more disciplined with automated trading. My constant life long need to 'beat' my strategies is greatly reduced.
As someone said watching the market during the day is like playing the slot machine, you end up feeding it all day. Automation seems to help break that habit in my case.
I was wondering if others who use automation have had similar results?
PS. when I say I automated all of my trading, I mean that the strategies have been programed in and the computer executes the orders unattended.
I have noticed the following:
1) Reduction in Stress.
2) Freeing up more time to do research, work on myself and post messages on Traders Roundtable...
3) I find I am much more disciplined with automated trading. My constant life long need to 'beat' my strategies is greatly reduced.
As someone said watching the market during the day is like playing the slot machine, you end up feeding it all day. Automation seems to help break that habit in my case.
I was wondering if others who use automation have had similar results?
PS. when I say I automated all of my trading, I mean that the strategies have been programed in and the computer executes the orders unattended.