Is discretionary trading dying in front of algorithms?

That's the future, no doubt, the human to read the context, the algorithm to eliminate execution errors, winning combination.

I have been trading algorithmically for 3 years and gained a lot more peace of mind. I don�t overdo it anymore, I don�t get frustrated and I have free time. I don�t go back to the discretion or crazy.

I mean, it's not a war, both approaches can live together, but if you're going to stay in the pure discretion, you'd better be very good and very patient, because competition is brutal.

The sad thing is that many go into automatic trading without even understanding how a market works. The bot only accelerates your mistakes if you don�t know what you�re doing.

Conclusion: the discretion is not dead, but it is mutating. Staying in 2009 with lines of support and resistance drawn by hand is no longer enough. Adapt or die.

Discretionary trading is not dead, but it is being forced to evolve. For decades, classical technical analysis worked very well because most human participants saw and reacted to the same patterns. But today, with the massification of algorithms and HFT (High Frequency Trading)

Excellent analysis, really complete and balanced.

Don't you think bots are also starting to play real-time news with AI?

Thank you for this approach so well argued, it helped me a lot.

Thank you, I needed to read something meaningful in the midst of bot fanaticism.