I am wondering what others think about program trading and what place it will have in the markets in the future. I am a scalper with a simple method looking at the book and picking up 1-2 ticks on the trade and risking no more than 1 tick. It is simple but requires a lot of descretionary thinking throughout the trading day. I pretty much just take what the market gives me and adapt day to day. With automated trading rising so quickly over the past years and accounting for over half of all trades on the NYSE (not that I trade stocks I mainly trade ES) what is the future for manual traders like me? Will futures be as heavely automated as the stocks? It bothers the hell out of me thinking that a machine can do the exact same thing that I can do everyday even possibly better. Will automated trading simply take over and manual traders will have to create automated systems or find other jobs? Or will we both compete for profits in the future and trades are done about half manual half by programs. Or do you think that most programs will eventually die out and everyone will move back towards manual execution in the future? If you ask me I think that the programs need to be regulated by the exchange because they are like the specialists/floor traders they have an edge and they can manipulate the markets by pulling orders at the last second and such. I know you guys have heard people talk about this subject before but being a young man with college to think about in the future I want to make sure that I am making the right choices and getting the right degree if automation is the key to the future. I just don't want to think that us manual guys are in the same position that the pit traders were and are in now.