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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: compradun who wrote (1897)	2/13/1999 8:54:00 PM
From: Sir Francis Drake	Respond to of 3216

I didn't say that there is no way in which it can be made useful. It just isn't useful to me. I trade mostly one stock at a time. The only listed stock I trade regularly is AOL, and it didn't even occur to me to use the dynamic ticker with it. Thank you for pointing out that some may find it useful. I too perhaps could find use for it, and I might have to delve deeper into the principles behind it. Maybe I can tweak it so as to make it useful. I suppose I have philosophical problems with it. It seems to me, that there are criteria it does not take into account, and I do weigh those. For example, I trade MSFT most of the time. I find it critical to follow $COMPX while evaluating my trading pattern on a given day. I doubt the ticker takes that into account. Following $COMPX lets me decide on support levels, general bias for the day etc, how far the down move will be versus the up move - all factors more important than just the collection of things the ticker seems to take into account. And lastly, I believe that there is a danger in accepting the help of any "mechanical" system - I prefer to rely on my own judgement. However, like I said, I do not exclude the possibility of tweaking the ticker into something more useful. I think that it would be possible to develop a set of heuristic rules that would be very useful for a particular stock (and I believe that many stocks have individual rules, so a particular clustering of bid/ask sizes etc. may mean a different thing than on another stock - so, a blanket ticker "for all stocks" is hard to come up with). This is a complicated issue, and I'm not sure this is an appropriate forum for a thorough discussion of it. I will just note that while I may find the ticker of limited use to ME at THIS time, I certainly do not imply that someone else may not find it vital.