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.

Technology Stocks : DIGL... Digital Lightwave.... Making Waves.... -- Ignore unavailable to you. Want to Upgrade?

To: r q lad who wrote (321)	1/24/1998 1:46:00 PM
From: ahhaha	Respond to of 934

A computerized trading system. Ask John Ritter. He has the details. I know from creating them and having used these tools that they're ok, but it is impossible to follow their dictates and eventually if you develop confidence with them, they make a call and you really get whacked. Any Turing machine has a negative expected return, that is, any effective decision method has a return that asymptotically approachs a reduction of initial capital. At the very least the House must make you a loser to provide you the opportunity to play.

To: r q lad who wrote (321)	1/25/1998 7:34:00 AM
From: John Ritter	Respond to of 934

Randy, Ahhaha and I have been discussing the merits of the next wave trading technology. I've been using the Farsite beta which was concluded January 12, 1998. Previous to this the trades were $10 any amount, and $3.00 after the first trade in any given stock that day. When they went off beta trades became $20. ($10.00 out in/same day). CyberTrader charges $20 per trade so I'm considering changing for access to their technology. What is it? A Trading Station/Decision Support System that would have revealed to me what the previous post stated about the MM, maybe I would have held DIGI for the run to 6 and 7 instead of taking the 15/16. I'm going to their training class in Austin Texas next week and planned on discussing results/perceptions with Ahhaha when I return. The concept is simply being able to play the game with the MM. Check out Cyber-corp.com web site for details and the thread followed by the company founder and president who personally invited me to their two day training class. I will post my experience to Ahhaha, don't know what thread, check his or my id thread if you are interested. The discussion with Ahhaha centers around the concern that, irrespective of the toolset, one is more likely to lose than make money in the stock market, especially with heavy trading. Essentially he is correct, it is an art that requires each individual to attain an almost zen like emotional balance. My theory is that the better the tool and information the greater the odds are in ones favor. With current technology the MM seems to have access to the first 30 to 50 of a daytrade. The decision support system gives an individual the view of the MMers where the consistant money is made. It is my theory that access to this information will inprove the odds of success in the market. The current generation of internet technology eliminates the need for a full service broker whoes fees will kill the typical daytrader, or trader for that matter, and provides the invester with better information than is available through a broker. He has many customers and your money, you have only your money to worry about and can manage better than someone else, those not interested in doing so should buy mutual funds. The next generation of internet technology places the individual investor in the same seat as the brokerage HOUSE (MM), those folks your broker buys your stock from, you BUY YOUR STOCK RIGHT OUT THEIR AT THE EXCHANGE WITH THE MMers, you are your own MM! Even with this, Ahhaha rightly urges caution as he well should. However, even if the odds are only increased 10% in the investor's favor this could easily make the difference between success and failure in the stock market for anyone with other than a buy and hold approach to investing. Best wishes, John