Ken,
Yes, I'm still fully automated. I don't think anything else would work for me. This past Friday, for example, I traded over 750k shares on 2591 order executions (and unfortunately, loss a little money on the day). Overall, though, it works for me. 77% of my days have been profitable this year (out of 116 trading days, YTD), along with 92% of my weeks (out of 116 rolling 5 day totals) and 100% of my months (out of 116 rolling 20 day totals).
I always have some good trades and some (very) bad trades, but in the end they mostly offset one another and tend to leave net profits overall. I would summarize my entire 'method' to having a small edge and diversifying heavily to allow your 'edge' to consistently win. Not too different than a casino running the roulette tables. Over the course of a full day, they certainly expect to net some profits, even though their edge on any given 'trade' is not that great.
-Eric |
