The Great Automated Failed Discretionary Trader (video)

smbcapitalFree Daily Trading Video2 Comments

The other week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 7 of the video series reconstructing my presentation.

In this video Mike discusses:

1) An anecdote about a great automated trader formerly a failed discretionary trader

2) Adding automated trading to your PnL

3) Automated trading can help your discretionary trading

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Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, and options. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at [email protected].

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2 Comments on “The Great Automated Failed Discretionary Trader (video)”

  1. Thank you Mike for your video. There is still something I don’t understand. I’m asking you because I’m the worse person with computers, but ironically the computer makes my living. What is exactly automated trading? Programming so the computer will take the trades automatically? Creating filters for good trade set ups and then you manually (automatic) take the trade?

    Thank you

  2. Automated trading is computers buying and selling that you have developed from usually backtesting and forward testing.

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