Quote:
Originally posted by RealFX
I was recently looking at an open source JAVA neural net program, but dont plan to pursue it. My style appears to be more discretionary fundamental/psychology than raw numbers or some machine humming in the background running eqations and trying to learn that which is random.
|
There's not an automated system that's proved profitable long-term, all the ones live tested here have lost money, although Gary did come very close until the market started ranging.
As for the topic, from a psychological perspective it can help to view trades as part of a series instead of individually. Look at results on a monthly basis and avoid daily targets, they only lead to unnecesary pressure and often disappointment. Review an individual trade (both winners and losers), see if anything could have been done better or differently, and move on.
It seems some people have
finally got the message about the importance of risk control and money management!
Mick