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Oct '24 • 📕Q&A
Pros and cons of Algotrading
Everyone wants the pros, but can you handle the cons? Right vs Rich
Pros
- Hands free
- No emotions
- Scalable
Cons
1) There's a much lower probability of 'nailing a trade.' Your trades often look unattractive on charts, and you either miss out on a lot or leave a lot 'on the table.'
2) Daily equity swings tend to be much larger.
3) You need to suppress your discretionary instincts and strictly follow the signals, even when you're facing loss after loss.
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Pros and cons of Algotrading
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