Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (3666)	9/6/1999 9:00:00 PM
From: mr.mark	Respond to of 18137

"Yep us old folks have brains pickled by age and LSD" and i wouldn't trade a minute of it if i could. well, maybe the years ... :) mark

To: TraderAlan who wrote (3666)	9/6/1999 10:07:00 PM
From: KM	Respond to of 18137

This kind of thing is exactly why I wouldn't dream of trading at one of those firms: There are now 16 traders in the trading room, a narrow, shabby hall with offices off one side. Though there's a wide ethnic mix, they're all in their mid to late 20s, all men. They've latched onto Bamboo.com Inc., or BAMB, a company that just went public. "The bambino is good stuff," one yells. "C'mon!" another shouts. I'd go postal if I had to listen to that crap all day.

To: TraderAlan who wrote (3666)	9/6/1999 10:10:00 PM
From: Dan Clark	Respond to of 18137

Alan, Yep, it must have been the LSD. Now, memory is like the hair - gray and going fast. Must be great to be young. To wake up early and commute an hour or two to trade in an lovely office with his youthful comrades. You know, the ones that yell across the room and pound keyboards. Then finally, he has that restful commute in the evening. The joys of youth. (Sigh!) According to the article, "He monitors around 100 stocks and tracks 20 to 25 actively...". Hmmm! I'd have expected much better from someone his age. (With his full memory cells and all.) To overcome my own failing faculties and frail mental state, I wrote my own custom, real-time scanning software to track stocks. Currently, it actively tracks 440 symbols simultaneously (it's only Version 1.0, you know). Version 2.0 is under development; it will include multiple trading systems and account for time of day, different trading conditions, etc. My goal for Version 3.0 is a fully automated trading system (like Eric's). It will automatically enter and close out trades when my aged fingers aren't fast enough. Of course, if I was young and had all my faculties, I wouldn't need to do all of this. :-) Regards, Dan.