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

To: Threei who wrote (17428)	9/12/2005 8:12:18 AM
From: Michael	Read Replies (1) \| Respond to of 18137

Hi Vad, I am not sure what part of my post made you think I thought Eric's approach was counter to Mark Douglas's. On the contrary I beleive that what Eric is doing takes MDs thinking to its most logical conclusion i.e. ...the path to success is simply to identify an edge and then trade in the full acceptance that you don’t know what is going to happen next and with no expectation that any particular trade will be successful, but that overall assuming you have a positive expectancy you will make money. If you operate out of that belief then (assuming your system(s) give you and edge) automating it would seem to be the one final step in removing the potential for you making trading errors. Given that Eric seems to be pretty much fully at the mechanical end, my question was why he needed to monitor it intraday. That's prompted by my own attitude to this. As I said I am struggling to really to become comfortable with this to the level that I put the effort into programming something myself, and then have the faith it it to run it hands-off.