The life of a system trader

Before posting about the strategy of the result of system in my previous post, I will write a short post today to share what I do everyday in term of following my system, so you can have a glance what do you expect if you do the same.

The following are my daily routine:

• Download KLSE EOD data from provider and import to Amibroker few hours after trading session ended, it takes me 2 minutes.
• Run my system to scan for buy/sell signal, it takes me 2 minutes.  
• If I receive buy/sell signals I will buy/sell on the next day at market open/close (depends on the strategy of my system, I might need to buy only if the stock up - turn green), it probably takes me 5 minutes. 

Too easy, isn't it? It only takes me less than 10 minutes/day. I don't need to stick to my computer monitor for the whole day to monitor the movement of the shares which I bought. I don't need to analyze the potential shares which I am going to buy. I don't even need to decide when the shares I bought are ripe to take profit or cut lost. All decision are made by my system :).      


What I need to remind myself is - since I am following a system I should follow it strictly and shouldn't override the decision of a system. So regardless of market condition, the price movement of the shares or the system is losing money (it is called system drawdown, I will touch about this concept in my next posts), I will still stick to the buy/sell signal of the system.