4min chapter

The Option Alpha Podcast cover image

231: The 10 New Trading Psychology Challenges Emerging from Autotrading

The Option Alpha Podcast

CHAPTER

The Importance of Ownership in Trading

Bots are not independent beings that think by themselves. These bots are programmed by you, the trader, they are under your control. It is not going to serve you at all to bot scapegoat yourself or anybody else for that matter. You have to take ownership in the fact that if you turn a bot on, you are ready to go. And so be just cognizant of the words you use here, as I would say my biggest piece of advice. Do not use words like the bot broke the bot failed the bot didn't do something because the bots's will run. They will check data. And it's just did your strategy fail. Did you not account for some environment

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