When we talk about trading usually we have two different kind of approach in analysis of situation. One of them based on trading experience, knowledges and skills, another one based on statistical advantages.Wisdom is combination of this two approaches. But very often our brain could work against us when we do analysis, and it usually happens when we in open position or had an opinion about price movement before making an analysis. Our brain sees what we want to see. When we are in long position we usually pay attention on signals which approve our solution and we ignore signals which are against us. Why is so difficult to trade by hand sometimes. We should do a lot of manipulation: to open and close position, to make an analysis, to check current signals, to control money managment and combine all of these things with several instruments. It's not easy, there is why we time to time we find ourself in tilt situation. Our brain is overloaded of incoming information and emotions. Also often we want to be right anyway and this solution could be very expensive for us.
From the another side using statistical advantages we can trade without overloading of our brain, just using strict rules. It looks easier, but problem that we usually don't want to trust of this approache. When we we fall into a series of failures and losses we usually try to update our system not based of previous data but based on current situation which could be temporal. And after, we can fall into constant process of adaptation of the system. And we lose when our system didn't show good results and lose when it should be but we changed rules. What if I tell you that we could have very simple strategies like crossing of moving averages or something like this. Below I will show results of trading of one of my good student, Stan. He was absolutely novice in futures trading, also he had a job full time. Stan didn't want to spend a lot of time for intraday trading. Manual trading based on receiving and using current information or current analysis was impossible for him. But he was accurated and consistented with rules one of the system which he learned from me. It was on 100% algorithmic system with strict rules. Difficult is was always follow by rules without any own analysis and our opinion. But he did. So, below his results:
Sep 17. + 1445 USD
Oct 17 + 1570 USD
Nov 17 + 5530 USD
Dec 17 - 3875 USD
Jan 18 + 2004 USD
Total: 6674 USD.
Requarement of his amount was 16 000 USD as Maximum. So it's mean that if he had 16 000 USD it would be enought for trading like this. And he can make 41 % for 5 months. If you have an access to our platform you can check his results in Trading Statistic.
You can ask me: "And what? Another guys did better results with less period!" Yes You are correct. This information without additional conditions is not so important. But Stan was absolutly novice, and he used simpl strategy which could use everyone. He rejected own opinion and forecasts and he receive better results than others traders who has much bigger experience and who spend much more time for trading. He just follow his rulles.
I want to say in this topic that very often the biggest enemy which don't permiss that we win on market it's our brain or we ourself. I heard saying, that if we really find out who is the person who prevents us from living, and if we kicked his ass. Then we would have a sick ass the next day :)
