Part 2 – Mechanical: The dictionary definition of mechanical reads: “like a machine, as if acting or doing without conscious thought.” Unlike the discretionary trader, a mechanical trader uses a set of unambiguous rules to guide…
Part 1 – Discretionary: Discretion is defined as: “freedom or authority to act according to one’s judgment”. Statistically most investors use discretionary decision making processes in the market rather than mechanical processes. Unfortunately, very few discretionary…
In this, my final posting on this topic, I respond to Victor’s comment posted in response to my 28 May Blog. At first glance this blog may appear complex but the area of risk management and…
Response to Comment by Thomas Rac: “as you are using technichal exit signal only as to exit a stock what is your interpretation of that valid signal.bear in mind that any particular stock might go temporary…