Trading with algorithms: What they don't tell you
#AskMarcello - use the hashtag and ask me anything! I try to answer all the different questions you have about trading, traders, day trading and any other topics you might be curious to know more about!
In this video I will answer the following question - What do you think about algorithmic trading?
This is a very good questions as this is the direction where the entire industry is moving to. I have myself used and tried it. The majority of people don’t realize that the market is dynamic, it changes from one minute to the next and therefore your system has to adapt to that. That might be one problem with algorithms. Eventually we realized it took more time to teach someone to use the algorithms than to teach them to use our trading strategy, the Congressive Strategy.
Trading is a serious business and you can actually lose a lot of money if you don’t do it properly. Once you’ve found a new strategy that works well with your algorithms it's great but once the market changes, you’ll have to adapt your algorithm strategy. After all I do not believe those algorithm systems that are being sold really work, otherwise everyone would be a trader and make a lot of money using algorithms. Unfortunately it is not that easy.
I believe everybody can learn to trade but not everyone had the discipline or patience to learn. There are no secrets, you either learn by working hard and practicing or you don’t. There are no shortcuts. Most trading academies make you believe that by buying a course you will soon become a professional trader and earn a lot of money. Be careful! It is not that easy and that is what we always tell our students. If you do it well - if you really put time and effort in it - you will be able to learn how to trade and you might be profitable. If you do it well you can earn a lot of money and live out of trading but if it were that simple everybody would be doing it.
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Trading with algorithms: What they don't tell you
Trading with algorithms: What they don't tell you day trading swing trading | |
| 139 Likes | 139 Dislikes |
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| How-to & Style Spheres | Upload TimePublished on 7 Mar 2018 |
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