Discretionary system only in intra ...swing/positoninal were always rule based, too much fear on black swans (psy factor) ,which is the main reason for me to stay with intra, and with in intra ,Entry ,ISL,TSL were rule based, discretionary was only in exit...this discretionary part is removed for scaling the qty,later realized that discretionary trading may have very less DD, but scaling volume is impossible (IMO)
i'm well settled trader from 2009,in intra...but swing/positional only from 2016..why??
i spent my time in dancing with several schools of thought ,for more then 5 years..pivots,tdst's,elliot to over come this blackswan...but realized that trading is much of risk management ,when system got an edge ,rather then dancing between the school of thought. over come this i have done some psy drills(change of thought process)
Four things i will never forget
1. Respect your constructed system and don't react to forums or other social media noise .
2. Optimization will not work beyond a point
3. Stopped comparing my results with fellow traders,every trading system has its own pro and cons
4. i'm a trend trader so cannot look for tops and bottoms,respect DD,which is part of trend trader life