How Long Before A successful AT system

Discussion in 'Automated Trading' started by August, Jan 22, 2007.

  1. tuktuk

    tuktuk

    #31     Feb 1, 2007
  2. August

    August

    The first time I started trading was back in 2000 (a bumpy year unlike 1999). I found that my weakness as a trader was that I had no... um... well, lets say confidence and know what I mean. I could figure out trades on paper, I knew what I should do, but I carried too much fear and wished I could just program into the computer what I wanted to do and then close my eyes and run away. Okay, I'm exagerating, but the point is, that my weakness was what I think most great traders have in spades. So for me, the appeal of automatic trading is the removal of the live me messing up the trade. Fortunately, I also have more cash reserve now than I did in 2000, so I'm in a better position to handle the down time.

    That said, it seems like quite a few people have working automation systems. Of course, I've never seen the machine doing it myself.

    My goals right now are very humble compared to what some people are doing. I'd be happy with a yearly return of what Boris Stein is getting per month. (The again, I'm not doing futures for a very long time, just equities.)
     
    #32     Feb 2, 2007
  3. man

    man

    yes. stock markets are biased upwards plus uptick rule plus higher
    cost in terms of borrowing (referring to single stocks here above
    certain leverage).
     
    #33     Feb 2, 2007
  4. man

    man

    ... and more and more needles taken out ...
     
    #34     Feb 2, 2007
  5. man

    man

    surprised me too ...
     
    #35     Feb 2, 2007
  6. Charly

    Charly

    ~~~~~~~~~~~~~~~~~~~~~

    Switch to ther threads if trading really is important for you - such as
    "simple profitable method" etc.
    here at ET.
    It's not the Holy Grail but it might get
    you going if you are patient enough.
     
    #36     Feb 2, 2007