Human have displayed the same behaviors recorded in the past for hundreds maybe thousands of years.
We will continue to face the same idiosyncrasy NOW, TOMORROW and FUTURE.
We are going to encounter the same challenges in the future. The emotional psychological swing between FEAR, UNCERTAINTY, CONFIDENT and CERTAINTY is our common biological mental make up that we all can't avoid.
At best we learn to accept and grow up, maturing to a state where adapt and adjust accordingly.
This emotional traits affects us mentally and to a certain extend physically especially fatigue.
Yes, we are bound to make decision mistakes when we make subjective emotional choices.
Back in the early 1990s, when I first step into the chart analysis, there were program software vendors promoting mechanical trading system. This touted to be some sort of AI from screening to BUY/SELL recommendations.
Today after 30+ yeaars, different vendors have emerge promoting and selling the same idea EXCEPT incorporating real time data charting.
After the slight detour, now let us come back to the present.
Today, we have more choices to access the different markets unlike in the past, majority can access the stock markets and non-stocks are mainly for institutional and high net worth clients.
Where realtime charting and data were exorbitant fees, today we can access different markets with a nominal fees or free data for 15 minutes delayed quotes and charting.
Does your accuracy and profitability increase exponentially with all these UPGRADES? My honest opinion is NO. On the contrary, it can possibility lead one to calamity.
With all the advance of technology and internet, one should seriously consider the main objective and the mechanism to achieve the objective(s).
Maybe one does not need all this. Maybe one only need a basic simple functional software system and not even real time data.
I like to relate trading to cooking. Having the latest kitchenware DOES not necessarily mean one is able to achieve the best cooking. Sometime a simple charcoal fire with a earthen clay pot does the the trick.
In conclusion, I believe that we should all go back to basic and not get distracted by all the glitters
We all get to face the same problems and challenges as our market predecessors except it is at a different time.
No comments:
Post a Comment