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  #11 (permalink)
 
SarahKrantz's Avatar
 SarahKrantz 
new york city
 
Experience: Intermediate
Platform: nt
Trading: es
Posts: 42 since Apr 2013

Still in the SI trade from Friday and the ATR Trailing Stop is employed.


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  #12 (permalink)
 kevinkdog   is a Vendor
 
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SarahKrantz View Post
This trade has an unrealized profit of $5,025 thus far.

Now for some color commentary. This is a perfect example of why I can't trade this system manually for two main reasons. One, I could never resist the urge to take a profit way before this level and two, never would I hold this position over a weekend especially given the volatility of late. My heart would be pounding, my palms and underarms sweating, and I couldn't sleep a wink.


Why do you think making it automated will stop your heart pounding, palms sweating, etc?

My experience: Automated does not mean "no emotions." In fact, there will be times where your emotions are more out of control with automated than with manual/discretionary trading.


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  #13 (permalink)
 
SarahKrantz's Avatar
 SarahKrantz 
new york city
 
Experience: Intermediate
Platform: nt
Trading: es
Posts: 42 since Apr 2013



kevinkdog View Post
Why do you think making it automated will stop your heart pounding, palms sweating, etc?

I'm not going to second guess the strategy, unless it starts to deviate well beyond historical norms which I am comfortable with. However, there is a cancel button in case of a psychological emergency.


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 kevinkdog   is a Vendor
 
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SarahKrantz View Post
I'm not going to second guess the strategy, unless it starts to deviate well beyond historical norms which I am comfortable with. However, there is a cancel button in case of a psychological emergency.

Automated systems will not make second guessing go away. Unfortunately.


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Last Updated on July 1, 2013


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