ScottBogatin

discretionary trading

Education
CME:6B1!   British Pound Futures
6.4.20 Looking at decisions that are discretionary in order to handle the charting on the 6B: British Pond futures ( apologies for spelling errors in advance...I have made a discretionary decision to not spellcheck ). Trading is always going to require discretion ...and this is good if you have some level of understanding. There is really no escape from avoiding at least some discretionary decisions that a program will not "consider" because of the math...but that you will see, and that matters. Remember: when you enter the market...from that point the market will generate new data that is relevant...yet is not factored into the programing. If you REALLY want to eliminate all discretion.... then take the bars off the chart and have buy and sell signals...and see how that goes. Discretion is required for trading and it is probably better to think of it as a reflection of the ambiguity of the market for buyers and sellers. It is not you and there are some things that will not be programmed well...but your brain can see it...if you look.
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