Jul

14

My take (unimportant ramble) on the following article:

This is very important for all traders but as an algorithmic trader (Dailyspec being comprised of many counters as well), I have done well in executing the statistical set-ups generated by my systems (not to say I have been overly profitable, just to say I can follow the triggers). However, I will often look for confirmation (see confirmation bias) of a discretionary contradicting opinion in less useful statistics that may take my system(s) out of the market. Truth be told I could spend 30 minutes a night making sure my data is clean, setting up orders for the following session and go to sleep. As it stands I rarely sleep more than 5 hours, I spend upwards of 12 hours a day researching, another 4.5 coaching rowing, and the rest making sure my girlfriend doesn't get jealous of my time with the market. So basically this tells me I should just relax… And let this not come across as "I have my systems, I don't ever have to research again", but rather as "okay, I have my orders for tomorrow, lets not spend another all-nighter testing the hundreds ways I can throw rocks at my system." And I will still probably not sleep tonight, but at least I'll have more confidence in my positions, right?

Here is the article: How decision makers complicate choice.

Jeff Rollert comments:

This is a very important trend. It helps establish dominant economic players.


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