|
PureBytes Links
Trading Reference Links
|
as a matter of fact *theoretically that's exactly what you want to do...
FULL autopilot... again... FULL autopilot
( if there are no bad ticks or other software or hardware problems
where you have to interfere with the order execution )
why full ???
because to be able to trade the way god intended us to trade
means to trade like a machine... automatically
the key word is: " take the ***human factor out of the trading equation
as much as you can "
only when you take it out 100% then you will reach the limit...
else you will be, hesitating, double guessing, fearing, worrying,
philosophizing,
shaken out, error clicking, impulsing, missing, taking a sh...t while you
need
to click it in....
every degree of emotions amplifies the error...that results in losses...
that's why discretionary trading is becoming history...
and machine trading becoming the way of the future...
mark my f...cking words...
program trading has been out for what...20 some years?
making how many billions or trillions???
systematic autoexecutions IS a form of program trading...
first time that masses will have access to that.
so expect shorter trade duration... incredible volatility...
faster moves, more one-sidedness in supply and demand...
a poor desc. trader will have no place in this sh..t...
you can't compete with machines...
so if you still have to click it in this aint no autopilot,
cuz you know what??? the emotions are still in the equation
meaning about 50% of the time you will not click it in for one
of the above reasons... which will cause you to miss and lose.
regards...
bilo.
ps. only those will survive that either lucky or those who have
better, faster systems and machines.
----- Original Message -----
From: <tradejack@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, June 14, 2001 4:27 PM
Subject: Re: TRAD announces autoexecution
> reading the fine print on omega's website, you must click "execute" before
> an order is sent out. it's wrong to think that you just flip the switch
> on the ts platform and it automatically spits out orders from the system
> without any control on the traders part. i'd bet that the account forms
> have disclaimers out the wazoo to that effect. some traders are dangerous
> enough when left to their own devices with toys much simpler :))
>
> TJ
>
> DH <catapult@xxxxxxxxxxxxxxxxxx> wrote:
>
> >Point 3, autopilot execution:
> >One would hope that the software would have an option to require the
> >user to confirm orders before they go over the wire.
>
|