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Your automated system will require human input. I lost a bunch of money in Jan - I saw a huge drawdown, discovered a fixable flaw in my strategy, panicked and c
by yummyfajitas 12y ago
Your automated system will require human input. I lost a bunch of money in Jan - I saw a huge drawdown, discovered a fixable flaw in my strategy, panicked and closed my positions. Human inputtime - do I close positions and shut down?
Had I stuck with the flawed strategy, I'd have made (a small amount of) money.
Dont think that you dont need to manage your psychology simply because you are running an algorithm.
- nikhilsaraf9 12y agoYummyfajitas, that's exactly why I do not want human input. Also, I'm not trying to make money on every bet, but to make more money in my winning bets (less fees) than I lose in my losing bets.
- yummyfajitas 12y agoWhat I'm trying to convey is that you do have human input even for a pure algo strategy. If you acknowledge it exists, attempt to minimize it and manage what remains, you are far less likely to have it cause you problems.
- nikhilsaraf9 12y agoThat's fair enough. Total autonomy can be pursued, not necessarily achieved, so better to accommodate and minimize the imperfections