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My misconceptions (MC) cleared by Algo & backtesting (BT) on Intraday Trend following system (Cash Market)
MC-1: Algo trading is THE ONLY REMEDY to all trading issues and making money.
Realism vs MC-1 :
My Algo is merely a reflection of what you are up to till that point.
1/n
MC-1: Algo trading is THE ONLY REMEDY to all trading issues and making money.
Realism vs MC-1 :
My Algo is merely a reflection of what you are up to till that point.
1/n
Algo will not render holy grail strategy by solving RR, MM, DD and psychological issues.
Algo is Just a tool to outsourcing my clerical job of finding and executing trades as per my trade setups.
2/n
Algo is Just a tool to outsourcing my clerical job of finding and executing trades as per my trade setups.
2/n
So, I can avoid staring trading screen to work on other day to day activity.
I must develop better understanding about market, RR, MM, psychologically and continue to evolve with the market personally.
3/n
I must develop better understanding about market, RR, MM, psychologically and continue to evolve with the market personally.
3/n
