4min chapter

The AlphaMind Podcast  cover image

#100 Jeff Boccaccio: From IT Consultant to Trader and System Builder

The AlphaMind Podcast

CHAPTER

The Pros and Cons of Automated Trading Systems

The typical error will cost you like a A five r loss r being like a unit of risk, right? Um, and so that becomes difficult to make back. So if you can focus yourself on not making errors You're actually saving a lot of money in R and costs that just through just through not making errors. There are cons though, right? I mean there are not so good things that go along with the uh automated systems too. And one of the most important thing with regards to just automated systems that people think Is that you're gonna remove the emotional component to trading by automating it.

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