I'm sure you've been told before that trading is a tough business. It's all hard work, you need to put in the time and there are no shortcuts!

Well good news!

There actually are shortcuts. Though not always in the form you expect.

Wouldn't it be great if we could do it Matrix style, just upload the skills directly into our brain?

We could all be master traders in 5 seconds flat!

Unfortunately, the world doesn't work that way. (Or maybe it does, but we're still in the matrix so we don't know it yet. Elon Musk is convinced that we are in some kind of matrix by the way)

So although we can't do it in 5 seconds, computers can still help us speed up the trading processes!

The Pitch

There is a common way in which computers aid in trading, and I know you're thinking about it right now:

Trading robots. (Am I right or am I right?)

You can run these on your own computer or through a VPS, these programs will trade for you!

That's what it says when you bought the robot right? Plug n' play, then money comes rolling into your trading accounts forever!

Well, I got bad news for you buddy. It doesn't work that way.

The Truth

There is actually a lot more work to be done when running automated trading robots.

For a start, you should be aware that the trading environment has numerous variations. Since no single setup will work in every single type of market environment, this will cause trading robots to fail at some point and lead you into a deep drawdown which would be very difficult to get out of. You need to know how to handle this when it happens.

Better designed robots may boast adaptive capabilities, or even machine learning capabilities. But think about it, to make these robots truly adaptive or have a sufficient level of artificial intelligence to learn new profitable patterns by itself, would take an immense amount of technical knowledge and design work. If these things really worked, are you certain they would sell you that program for just a few hundred dollars?

But here's the good news, technology can help your trading in other ways!

The best use of technology for traders, would be a robot assisted approach. Where the human does the thinking, while the robot does the heavy lifting and manual labour!

But wait, where's the heavy lifting in trading? We just sit in front of our computers clicking Buy or Sell all day.

Well the heavy lifting is actually in the repetitive tasks you do.

As a simplified example, your analysis finds that STI is good for a continued move up. So now you need to find some good stocks to buy, which fit into your technical trading setup. So you have to scroll to maybe City Developments chart, maybe draw some trend lines or identify some key levels. Identify the trigger levels, measure the potential risk/reward to decide if the setup is worth taking, and so on. Then you find that the setup isn't so nice, so you move to the next chart, Capitaland, and repeat the process again to determine if there is a setup and if it's worth taking.

Sound familiar? The tedious analysis you have to do every week. Or every day even. The worse thing is, most of the charts will not show a good setup for you to consider!

Well, here's the good news! The repetitive part of the process is can be automated!

Imagine the time you save!

In the past, traders needed 2 hours every weekend on scrolling through dozens of charts looking for setups. Maybe every day even.

Now with technology on your side, you have a shortcut! You'll probably only need 15minutes a day, depending on how proficient you are

While you will still need to do the broad analysis, the tedious heavy-lifting is instantly done for you.

Collin has an amazing trading system. It's simple to learn, it works, and it comes with such a program to help you out. The software is known as TradersGPS.

Take a look at it here.

Students who are new to trading can learn what the technical setup looks like, by observing the results given by TradersGPS every day.

It's the perfect combination of man and machine for you as a retail trader, to save time and improve your trading skills.

Good trading folks!

The post This Special Trading Shortcut Will Help You Save Money And Time! appeared first on The Systematic Trader | Trading Courses | Collin Seow.