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Dear Traders,
Trading Systems 101: Filtering out the noise for proper evaluation
As we dive further into the twenty first century, many fantasy and futurist ideas from the past have slowly become a reality: watches double as phones, robots can clean our homes, and even though they can’t fly yet-our cars can greet us and give us directions. Many people believe that the evolution of all this technology has led to a decrease in human interaction, and while that may be true and a negative in some aspects; there can be an advantage when the emotional roller coaster of the human mind is taken out of the question.
Despite even the most logically set minds on Wall Street, psychology plays a huge role in the market. Emotions run high, there are hasty impulses, and often a lack of self-control. Most trading professionals will agree that the human element can, at times, severely impact the trading goals and strategies of the trader as they strive for profit and attempt to escape the pain of losses. This is where technology can save us from ourselves.
Well-designed automated trading systems ( visit: https://cannon.isystems.com ) can offer the possibility of neutralizing the main psychological enemies of traders. Algorithmic (Algo) trading systems are written by investment professionals who know the markets intimately and offer a fast and wise decision making process that eliminates emotion, procrastination, and irrational decisions that human nature draws out.
That being said, I get too many emails about systems claiming to have the crystal ball or producing results that are too good to be true. 99.9% of the time, if it is too good to be true it is simply not true…..
