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I become impatient only if the P/L of my positions is getting stuck, going no where or start to reverse. As long as the positions keep generating money, I'm more than happy to hold them, even for days. However I won't hold for longer than months.

A good trader should stay calm. Before you enter the market, you are prepared to lose. So if the outcome turns out to be bad, you have to accept. Yelling or screaming doesn't help the situation. It makes it worse. If you get spoilt or angry after a bad trade, you may become more...

Does anyone know more about how the best automated systems around the world perform?

Yes, you are very right. Programs sometimes beat humans. Nevertheless sometimes they suxk: http://senseis.xmp.net/?OtherGamesConsideredUnprogrammable

some things wirtten on trading and investing are useless plus false. :) After all, welcome to this thread! What do you think about autoamted system.

Apart from Neoticker, any else? How do you compare it with Neoticker or other similar products? Thank you!

I disagree. Some people did give out their strategies or trading ideas, sometimes for free too. If it were true, then everything written on trading or investment books are false or fake or useless or losing money. We may not need to learn from books at all.

That's the difficulty I'm facing. My method is quite discretionary in nature. I think I need to find another rule-based method to form my automated system. Does anyone know where I can hear or know more about the performances of the world best automated system?

Yes, people do not learn from history! That's why history keeps repeating itself. :)

I'm unique. Actually I learnt how to control my psychology through simulated or paper trading. Odd enough? :P I won't trade if I won't practice enough to control my psychology when trading real. Without simulated or paper trading, it won't give me the confidence, familarity etc. to keep me...

It seems most traders have problems with their own self - psychology & emotions! :( Is it really too hard to be disciplined? Maybe it's common flaw to most humans.

It's because we are only interested in winners. :D Just like we love to learn from winners, NOT losers. And it's a thread which intends to hear how people feel about the performance of automated systems, and how do their performance compare with some of the best manual traders.

In your viewpoint, why do you feel you need to babysit your automated system? As to "very well", how well an automated system performs? I would like to hear more about the performance automated system. My impression, so far, is they can gain consistently in long-term, which is successful...

Actually any stance is welcome. We're not against any stance. So why do you feel auto-traders can outperform discretionary traders? To clarify, we're talking aobut some of the best discretionary traders who can, say, gain millions in a year or so. Can any auto-traders manage to achieve...

Great! :D What data format can it read (eg ASCII, Metastock)?

Hi. Do you know if there's any software which can replay the tick or 1-min data on any one day stored in my ocmputer? In this way, I can watch the chart in a more realistic environment, not just look at the full chart and have some hindsights? The data is in Metastock (and ASCII) format...

That's why papertrade is useless. Trying something which you will never in real trading.

Same here. Papertrade (or simulated trading, the best) helps saving a lot of money, if used properly.

In my viewpoint, it seems there's no definite relationship between large bid/ask and the direction. Sometimes it moves against. Sometimes it moves toward. Some daytraders can trade only by Time & Sales + Level I Quote. They ignore Level II quotes as they find out that they are here to...