Can You REALLY Follow a 100% Rule-Based Trading System? | Stock Market Hustle Ep-12

Most of the traders, generally, are discretionary traders with a trading set-up created by them over a period of time. There are emotions such as anger, greed, FOMO, gut-feeling involved when it comes to getting entry and exit into/from a trade.

In this Stock Market Hustle podcast episode, we talked to both sides of this trading style spectrum where on one side is Praful Kulkarni, a seasoned discretionary options trader for the last 4-5 years.

And on the other side of it, we have Harsh, who works on the Systematic format of trading with 100% focus on the rules without any deviation from them at any given point in time.

The objective of this discussion is to understand the mentality, thought-process and understanding of both these formats of trading, along with knowing the vulnerabilities and opportunities involved.

We had a lot of fun shooting this and the questions asked in this conversation come with a bit of directness that may (or may not) come to the head of a trader who is trying to figure out the direction he or she wants to pick.

Watch the whole episode if you really want to understand the difference between Systematic and discretionary form of trading, and the nuances involved with both of them.

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0:00 Discretionary Vs Systematic Trading
2:24 Systematic Trader from the Start?
6:49 Discretionary Traders Tweek their Setup a lot?
12:35 How was the FIRST System developed?
18:51 Harsha's FIRST Systematic Trading Experience
23:06 Life Cycle of System-based Trading
31:32 Risk-reward & Accuracy in Discretionary Trading
34:30 FIRST Trade on Earth
40:00 11% Profitable Traders is a HUGE number?
44:22 What happens when NO Profit happens?
53:11 Does Trading become Mechanical?
1:02:51 How long does it takes to Create a System?
1:03:11 Is becoming Systematic Trader Easy?