Day zero, rant. The great Algo Experiment
Going 100% algo from here on out. Basically I'm too busy and the algos are much better at trading than I am. Plus they are so less stressful, I blew up my discretionary account a couple times trying to be a cowboy. I had some personal drama that messed with my head too. I shuffled some cash around, paid some debts, etc. (excuses, excuses, yada yada) With the algos I don't have to do much at all, just make sure they are turned on. Kind of like watching my kids' glofish swim around in a tank. "look at what that one just did!" Except the algos make money. Anyways, I'll start posting my algo trades so folks can see the real power of this method.
I am starting with two accounts of 20k each, tradestation broker. Also I'll deposit more outside cash in them from time to time and I'll blog when I do that as well, I'm diving head first into this transparency idea. Over time I'll catch up on posting my previous discretionary trades so you can see how risky and pointless that method of trading can be. I seriously gave back all my profits. I was over-trading and had a self fulfilling mindset that one day it would end. I ignored my teacher's warnings. (Loves you Tri!) I over-leveraged like a mother fucker and it taught me a valuable/expensive lesson.
With algos in place, the profits are more consistent and I get to spend time focused on other things. Better to pick up an extra shift at work and let the algo trade it, than to try to trade enough to cancel out a shift at work. etc. Feel free to ask questions. I'm going to try to make some blogs over the next few months as I study and learn more. If there is anything you want me to blog/Vlog about let me know and I'll try to accommodate.
If you want to learn about my algo techniques I encourage you to join us in Triforce's chatroom (see the list of profitly guru's). He has several levels so see which one works for you, even the lowest is a steal. https://www.youtube.com/watch?v=iXTz44d6H-k
Tell him MindfulTrades sent you!
Flockstock Jul 25, 11:47 AM Don't use over leverage .. The future futures will hurt you :) it's a revenge quest and the market always seems to get even .. Don't ask me how or why it does .. It just happens . Even the psychology of Algos can screw you up ... Sometimes this game screws with your head. Plain and simple ..
I know right?! lesson learned, I figure I made the money once so I can do it again, but this time smarter. Also could have been worse, if I'd lost like a fortune I'd have probably reacted much worse. I like my algos that I'm running now, definitely not messing with my psychology.
Yep. It's crazy sometimes re reading Steenbarger helps even tho trained in the field .. It helped me
i like his books
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