Discretionary Trading as defined by Trade-Ideas is the process of entering and exiting trades based on "feel". The human brain is very adept at making different inferences while being inundated with a large amount of information. Most traders today trade in this style because it is still difficult to create and then follow the rules of System Trading. The most common form of discretionary trading is a concept called reading the tape or just tape reading. This is a process where by watching the various gyrations of the market via either looking at a chart or seeing a ticker tape of negative and positive events a trader makes a decision to buy sell or refrain from trading.
Trade-Ideas assists in this type of trading by providing investors with an almost unlimited flexibility in creating tickers for reading the tape of the market.Back to Glossary Index