I have been observing that more and more traders, even in this same forum, are migrating to automated systems, algorithmic trading, bots, etc. I wonder if the discretionary trading (manual, with price action reading, etc.).
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I have been observing that more and more traders, even in this same forum, are migrating to automated systems, algorithmic trading, bots, etc. I wonder if the discretionary trading (manual, with price action reading, etc.).
You're not dying, but you're losing space. Bots don't feel afraid, they don't get tired and run a thousand times faster. Who competes with that? You can't.
But I had to adapt my style to larger and more paused operating time frames. To compete in scalping against the HFT is suicide.
The difference is simple: a bot follows rules. You follow emotions. And you know who wins most of the time, don't you?
It's just that worries me. I'm learning discretionary trading and I feel like I'm late for the party. Is it worth staying on this line or better learning Python and forgetting?
Learning to program doesn't guarantee anything. If you don't know how the market works, your bot is going to be automated trash. First I learned to read price, then if you want to code.
Much of the automatic systems are designed on the basis of discretionary analysis. The human eye still has value. The difference is in execution, not logic.
They sold you smoke with that everything is going to be bots. The well-trained discretionary trader is always going to have contextual advantages that an algorithm can't anticipate.
Contextual advantages? What a laugh! Tell me when a bot pulls out 100 pips while you still doubt whether to enter or not because "the candle doesn't convince you".
And what do you think of the mixed model? For example: human analysis + algorithmic execution. Can it be balance?