It's boring to trade a system; how do you use your time?
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- Roundtable Knight
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I do research and testing in Blox, but haven't come up with anything notable in quite a while. I have a couple new books on the way, those should keep me preoccupied for a few days. Trading is quite boring.alp wrote:Alright, guys. What do you do to preserve your sanity while running your quant, boring and turtle-like systems?
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- Roundtable Knight
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"Trading is quite boring"
Actually only, efficient, accurate, well-designed implementation of a sound and complete trading system is quite boring; most trading can be exciting, exhilarating, scary, surprising, etc. if you "design" it to be .
My personal answer is to make trading only part of your business model and incorporate enough other things to keep you pretty busy; who wants to sit there watching a portfolio of positions go up and down all day until an exit rule is triggered?
Paul
Actually only, efficient, accurate, well-designed implementation of a sound and complete trading system is quite boring; most trading can be exciting, exhilarating, scary, surprising, etc. if you "design" it to be .
My personal answer is to make trading only part of your business model and incorporate enough other things to keep you pretty busy; who wants to sit there watching a portfolio of positions go up and down all day until an exit rule is triggered?
Paul
The whole point of developing a trading system is so that you can abstract your trading away from the psycological impediments of the human mind, including the need for excitement. If you feel bored then switch on the football, read a book, go out for a cycle ride. Let your system do the trading and find your excitement elsewhere.
I do quite a lot of financial/economics reading and analysis & put my spare equity to work in other investments.
From Jan-Aug I've ridden the equity bounce on overseas markets & made a 45% return (now out of this), and then I moved a lot into mining/gold companies a few months back (now starting to show nice returns also).
Having the time to keep abreast of investment/business news puts you on another level to amateur investors. I never had this much success years ago when I invested part time.
Also plenty of time for canoeing, fishing, skiing, cycling, camping with the 4 little un's too!
From Jan-Aug I've ridden the equity bounce on overseas markets & made a 45% return (now out of this), and then I moved a lot into mining/gold companies a few months back (now starting to show nice returns also).
Having the time to keep abreast of investment/business news puts you on another level to amateur investors. I never had this much success years ago when I invested part time.
Also plenty of time for canoeing, fishing, skiing, cycling, camping with the 4 little un's too!
Zen and the Art of Poker is a great book in this regard.azkurz wrote:Play poker
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- Roundtable Knight
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A.Kiev, Trading to Win
Tue Dec 1, 2009 12:15pm EST
Trading coach to hedge fund powerhouse SAC dies
Rest In Peace
Tue Dec 1, 2009 12:15pm EST
Trading coach to hedge fund powerhouse SAC dies
Rest In Peace
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