Discretionary Trading
6.4.20 I just got a personal message from a follower who I respect and like. I copied the message but left the follower's name out. Respectfully, this trader plans to be profitable with minimal or no discretion, except for entering a trade, and establishing a risk and reward... and then following through with the trade in robot fashion. This will not work, and it is not realistic in my opinion. Trading is not easy, and most professional mutual funds... actually 90% of mutual funds... cannot match the performance of an index fund that is comparable to their selection of stocks. I thought I would talk about this and then go through some futures contracts on the currencies to discuss simple patterns and lines that I look for.
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