Formerly "Trading In A Futures Contest - 2012" - My trading journey - a mechanical trader trying to make a discretionary approach succeed.
Tuesday, December 4, 2012
Survey Results - Hybrid Traders
For people who identified themselves as "hybrid" traders - that is, they use a mix of discretionary and mechanical methods, the survey shows the following:
Most hybrid traders lose
Hybrid traders who backtest for longer periods of time have a higher chance of success
A discretionary trader at heart and learning this way on stocks and futures, then trading Forex using system trading for seven years, I have found my greatest success using a hybrid of the two over the last few months.
I think you must evolve from system trader to hybrid and would not recommend going directly from discretionary to hybrid without first understanding system trading.
Thanks for the comment Jordan. Unfortunately, too many folks jump into trading, regardless of style. You've presented a good case against that. I appreciate your comment.
A discretionary trader at heart and learning this way on stocks and futures, then trading Forex using system trading for seven years, I have found my greatest success using a hybrid of the two over the last few months.
ReplyDeleteI think you must evolve from system trader to hybrid and would not recommend going directly from discretionary to hybrid without first understanding system trading.
Thanks for the comment Jordan. Unfortunately, too many folks jump into trading, regardless of style. You've presented a good case against that. I appreciate your comment.
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