Tuesday, May 11, 2010

An Active Day Trader : Why not sub-contract the work to the Bot?

As a day trader, it's very important to not have a bias. Trade what you see on chart, with discipline rules and plan attached. So why don't outsource your work to the Robot? The simple answer is because we always learn new thing while the Bot don't. Not long ago, DX (Dollar index) became an indicator, yesterday, EUR became the indicator. Now maybe EUR/JPY is the everybody's watching.

I doubt your Robot may do it automicatically, backtesting it, and come out with new methodology.

Market is dynamic. Everybody want a piece of it, if not lot of pieces. It's not an ATM Machine that will give money every day. It's more like slot machine, but with a puzzle on it. The puzzle always change, but still with a pattern to solve.

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