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


To: peter n matzke who wrote (1517)3/31/1999 9:46:00 PM
From: Eric P  Read Replies (1) | Respond to of 1729
 
Peter:

Thanks for the nice words.

Yes, I am using my automated trading platform for all of my trading. I probably average 150 - 500 tickets per month. Virtually all entirely automated. In fact, I don't believe I have needed to manually intervene in any of my trades for ~6 weeks.

I spend my time monitoring the system doing the trading, and trying to learn how to improve the systems performance as well as develop new trading strategies. I suppose a decent analogy might be "Give a man a fish, he eats for a day. Teach a man how to fish, he will eat forever." => By monitoring how my system is trading, I try to second guess why the system entered certain trades, or why it didn't exit sooner, or hold on to the position longer. Over time, when I see similar patterns repeating and I feel the system could be improved by making certain changes, then I will make the changes to the system. However, I never override the system during the course of a trade. Fix the system, not the trade.

Good luck,
-Eric