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It is not the technology that makes the money, but the trader. A good trader
could probably make money using any reasonably based system, with or without a
computer. Many times I have felt better off doing charts by hand because it
forced me to really look at what was going on with the item I was tracking. The
computer allows one to scan for greater opportunities. I can scan 15000 stocks
for specific conditions in less 3 min. I filter for only option stocks that meet
the criteria. At ones finger tips there is the technology that allows one to
compete with the large firms for information and the ability to filter that
information almost instantaneously. The playing field is becoming evened with each
passing year. The newbies would be far better off taking lessons from someone
that could help them then trying to reinvent the wheel. Trading is like golf in
that it is not the new set of clubs that will improve your game, it is lessons. In
trading, it is not the new book, indicator, or celestial phenomenon that will
improve your bottom line, it is finding the method that suits your personality
that will help. Have a good week end. Ira
OatTrader@xxxxxxx wrote:
> RT's,
>
> What is amusing, we have more technology than say 15 years ago at our
> disposal, and yet ninety percent of new traders lose money? So much for
> technology.
> Unless one has to absolutely must daytrade, delayed data works well
> enough for position trading. If you don't like the fills at your brokerage, do
> what I did recently -- move all your accounts.
> Even with the usage of the computer, many traders still chart by hand and
> down-load data at the end the night and trade very well. I believe the
> computer has actually hindered many traders than make them better.
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