Choosing the Right Trading Method: Subjective vs Program Trading

📚 In this video, the speaker discusses their personal experience and teaching process for determining whether someone is suitable for trading.

🔄 There are four possible scenarios for suitability in trading: suitable for both subjective and quantitative trading, suitable only for quantitative trading, suitable only for subjective trading, or not suitable for either type of trading.

🛣️ The speaker emphasizes the importance of considering personal suitability before entering the trading market and overcoming obstacles along the way.

📈 The most important aspects of trading are patience and execution.

💡 Whether someone is suited for subjective or quantitative trading depends on their personality traits.

💼 Subjective trading relies on intuition and experience, while quantitative trading focuses on data analysis and risk management.

💡 Subjective trading and program trading yield similar profits, but subjective trading requires more time and attention.

⏰ If you choose to do program trading, you need to have more patience and spend more time compared to subjective trading.

📈 Subjective traders face the challenge of making clear decisions on buying, selling, stop loss, and exit points.

📈 Subjective trading involves waiting for the right entry point and managing risks based on individual judgment.

⏰ Subjective trading requires patience and constant monitoring of the market to determine exit points.

💡 If subjective trading is more profitable than automated trading strategies, prioritize subjective trading by ensuring a higher risk-reward ratio.

😊 Subjective trading can offer higher returns compared to quantitative and algorithmic trading, but it requires a certain skill set and may not be suitable for everyone.

🤔 To determine if you are suitable for quantitative trading, consider your patience for mathematical calculations, program writing, and statistical analysis.

⏰ Time spent on subjective trading should result in better performance, while time spent on quantitative trading can lead to satisfactory results, provided you have the necessary skills and personality traits.

💡 Trading may not be suitable for everyone, and it's important to assess your own suitability before diving into it.

🔄 Start by trying different trading methods and evaluating if they align with your strengths and weaknesses.

💰 The ultimate goal of trading is to make money, but it's crucial to understand the meaning and purpose behind your trading endeavors.

👍 Finding the suitable trading method depends on individual goals and self-awareness.

👨‍🍳 Understanding oneself and making decisions accordingly is crucial in trading.

🍳 Self-awareness and personalized decision-making lead to the best trading outcomes.