|
PureBytes Links
Trading Reference Links
|
Read comments:
--- "M. Simms" <prosys@xxxxxxxxxxxxxxxx> wrote:
> Nice job.....this confirms my suspicion that....
>
> 1) no one really trusts their software signals to
> trade them "blindly"
how do you read nobody? 19.4% of the people who
answered said they are purely mechanical traders. And
if you recall other studies, the figure is about
80-90% of traders loose money... so do you want to go
with the majority?
> 2) being an Omega solution provider or trading
> systems consultant can lead
> to bankruptcy.....there is simply little or no
> business out there.
here, I wouldn't neccesarily agree. But I don't know
how you get an opinion based on this survey. 70.8% of
the people that responded use a mechanical system, but
did they develpe it on their own? did they buy it?
I don't think you can successfuly trade someone else's
system (unless you modify it in some way, making it
-in a way- yours). But there is a market for system
vendors...
H
>
> > -----Original Message-----
> > From: Lawrence Chan [mailto:stnahc@xxxxxxxxx]
> > Sent: Wednesday, March 01, 2000 9:07 AM
> > To: OmegaList
> > Subject: SURVEY RESULT
> >
> >
> >
> > thanks to all those who replied to my little
> survey on this list.
> > some replies I received did not answer all
> questions, so some
> > questions count do not add up to the total. For
> questions
> > that can have multiple answers, the sum can be
> added up larger
> > than the total.
> >
> > I simply use Excel to sum up the answers ... then
> verified the
> > answer one by one.
> >
> > for those who asked me questions privately,
> > I will answer them - just that ... it is in
> backlog :)
> >
> > -Lawrence Chan
> >
> > --- RESULT FOLLOWS ---
> >
> > TOTAL 72
> >
> > A. Type
> > 1 - 41
> > 2 - 8
> > 3 - 21
> > 4 - 2
> >
> > B. Time horizon
> > 1 - 24
> > 2 - 36
> > 3 - 11
> > 4 - 1
> >
> > C. Method
> > 1 - 14
> > 2 - 37
> > 3 - 21
> > 4 - 0
> >
> > D. Source of Income
> > 1 - 48
> > 2 - 1
> > 3 - 1
> > 4 - 22
> >
> > E. Tool
> > 1 - 36
> > 2 - 30
> > 3 - 5 (Excel, NeuroShell Trader, OminiTrader,
> UMDS, TW, TC2000, etc.)
> >
> >
> > ORIGINAL QUESTIONS
> >
> > A. Type
> >
> > 1. index/index future/currency/bond
> > 2. commodities
> > 3. stock
> > 4. learner/system reseller only
> >
> > B. Time horizon
> >
> > 1. intraday-only (day trader)
> > 2. intraday to swing of a few days
> > 3. a week or more
> > 4. a month or more
> >
> > C. Method
> >
> > 1. pure mechanical (no human intervention)
> > 2. mechanical filter + judgement call
> > 3. chart formation / total discretion / guts only
> > 4. fundamental
> >
> > D. Source of Income
> >
> > 1. Trading
> > 2. Trade consultant/advice
> > 3. System reseller/programming
> > 4. Other
> >
> > E. Tool
> >
> > 1. Omega products pre 2K version
> > 2. Omega products 2K version
> > 3. Others - please specify
> >
> >
> >
> >
> >
> >
> >
> >
>
>
>
|