Discretionary trading vs Systematic Trading | The Diary of a Trader

Discretionary trading vs Systematic Trading - A simple but effective guide

Systematic trading means doing trades following the rules and meeting the conditions. No trades are done based on imagination and whimsical decisions are not made out of guesses. On the other hand, in discretion trading, decisions are made on a spur of the moment. Decisions are made based on common sense and prior experience. A trader needs to be systematic as well as somewhat discrete. Sometimes traders need to trade just using common sense.

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