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


To: Threei who wrote (17350)7/3/2005 11:31:06 PM
From: charlie mcgeehan  Respond to of 18137
 
i study the charts and take my usual setups...same 4-5 i have always used. maybe i'm just an old fart and maybe i should learn about automated systems buy why change something that has and continues to work well.



To: Threei who wrote (17350)7/4/2005 9:27:05 AM
From: Ken Adams  Respond to of 18137
 
My degree of automation ends after I run my scan(s). From then on, it's the eyeball filter. I don't knock the automated concept, though. Eric certainly has considerable success with it. I tried, for 3-4 years to use Omnitrader, which is fairly automated other than the actual buys and sells. I could never get much from it and abandoned it years ago.



To: Threei who wrote (17350)7/4/2005 10:37:43 AM
From: Brandon  Respond to of 18137
 
I tried to run on automatic last night and it did not work too well for me or anyone else involved. Nothing terrible I was just certain that there is only one Orlando International Airport so I did not bother to consider that Orlando Sanford International Airport might be a whole new gig. Ended up keeping Toni's poor mother waiting for over an hour till I finally figured out my error, corrected course and picked her up. That's my life on automation though, I could hardly imagine my trading..it would be terrible. :) That said as computers get better and better and more quants come into the game and are able to try new things, some guys are using the research on the human genome and applying it to the stock market, I'm sure it will created a more automated game for all of us. That all said, I think that we have adjusted well over the last several years when many others have not and I tend to think there are trends so may that one continue.

Brandon



To: Threei who wrote (17350)7/4/2005 12:14:36 PM
From: TFF  Read Replies (3) | Respond to of 18137
 
My assumption is that automated systems are based on broad diversification and small incremental returns, meaning low rates of return on capital. Am I correct?

Anyone?