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A guy decides to get into trading. He has something to start with.
Perhaps from hard earned money. Perhaps from inheritance. Perhaps
from all the easy loans he can get these days. He opens a brokerage
account and gets to know the trading software it provides.
Phase I: "I have something that no one else has. It can do amazing
things. I'm going to be rich."
Phase II: "Hmm: But it can't do this, and it can't do that. I really need it to
do this and that in order for me to have an edge."
Phase III: "This software sucks, I'll try another piece of software."
Phase IV: Goto Phase I and repeat cycle until the money runs out.
The relatively large TS6-7 newbie crowd are now entering Phase II.
In a particular example, you hear the perpetual cry for years of
tick-by-tick data, as if it will give them an edge and solve all
their problems.
You do still see people in the business for years and did
quite well with SuperCharts, TS4, TS2000i.
People are still making money with TS4. These people managed to escape
Phase II. They don't need the "latest and the greatest." They don't
spend time blaming, complaining, and following the follower. They
just solve problems, which are certainly not limited to finding another guru
or software.
TS has a balancing act to play, between the big money they get from people who instinctively
follow the follower, and the heat they receive from these fools who
routinely turn into an angry mob in a split second and without warning.
Thursday, April 17, 2003, 4:36:42 PM, you wrote:
KR> It may sound counter-intuitive but designing and producing software that can
KR> have optionally installed modules can be more complicated than producing a
KR> single piece of software that is all or nothing.
KR> Slow software often cannot be sped up. Things work a lot better if you
KR> don't produce slow software in the first place. One key to this is for the
KR> developer to determine what his minimum platform will be and then test key
KR> components as they are developed on that platform so re-designs/re-writes
KR> can occur during development when they will be far more effective and have a
KR> much smaller impact on the development process. Developers often have the
KR> hottest machines available and design with those machines as their "minimum
KR> platform". If it's fast enough on their machine, it's fast enough.
KR> Kent Rollins
KR> ----- Original Message -----
KR> From: "hcarvas" <hcarvas@xxxxxxx>
KR> To: "Stephen Pepe" <spepe@xxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
KR> Sent: Thursday, April 17, 2003 5:19 PM
KR> Subject: RE: TradeStation 7 Feedback
KR> I see the challenge of TradeStation. Every user has its his/her own wish of
KR> special features. When you put all the things together, the program get
KR> very complicated and runs slower.
KR> A short term solution is to let user have a choice of continuing using
KR> TradeStation 6. And I am still using TradeStation 6, because my computer is
KR> not that powerful.
KR> A possible long-term solution to design the program such that the user is
KR> given the option to select features during the installation. For some
KR> people, they will prefer a simpler/faster system. For others, they want all
KR> the features and can provide the computing power to suppor them.
KR> Regards
KR> hc
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