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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (216)	5/23/1998 4:54:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 1729

Eric, your automated trading system sounds like something that I've been thinking about - basically, programmed trading. But aren't there rules about this type of trading? And how do you do the automatic order entry? Is it through a specific broker or something else? thanks...tai

To: Eric P who wrote (216)	5/23/1998 4:59:00 PM
From: cool	Read Replies (1) \| Respond to of 1729

Maximum volatility seems to occur within the first 15 min of open or within minutes of a news release becoming available. Can your program scan to pick up these stocks--alerting to incremental volumn & prices increases over a short timeframe? A quick evaluation of the trend and news seems to me to be the very important in making profits.

To: Eric P who wrote (216)	5/23/1998 9:03:00 PM
From: Satyr	Respond to of 1729

In my opinion there is no such system out there. You cannot just program certain criteria and crank out profits day after day. You may be able to produce potential trades using such a system but each would need to be manually reviewed or sooner or later your system would come to a crash. Your talking about the Holy Grail and it doesn't exist. Why don't you just take your 4 good trades a day and increase the size of your transactions. In the long run you'll achieve the same results but be able to supervise yourself.