I'd rather make 20% Auto trading than

Quote from chipmunk:

say 35% but having to stayed glued to the quote machine al lday.

Say you are a day trader. you can make what 6% per month but you have to watch the quote machine all day....what a life :-(

Wouldn't it be better to auto trade even if it means taking a 50% pay cut?

Does anyone actually enjot watching the quotes go up and down all day? What a terrible life. Not for me.
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one shouldn't measure success in trading by ROI% as money is practically "free" day trading. What's really the measure is risk vs variance
 
Quote from Lawrence Chan:

Most firms having bots trading for them hire at least 2 people per auto system for monitoring purpose.

Even at 1 person per auto system, you are looking at 50K cost (desk cost and salary) minimum per system. So, if your leverage is greater than 0.25 (yes, you get it right, $4 sitting here per $1 put on the line) then you better sit there watch your system performing tick by tick. :)

Undertstand what risk/reward means, in details, before putting your $ on the line.
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at least 2 people per auto system.... what did you pull that shit out of your ass. Most people who have a profitable auto system trade the damn thing on their own. Why would you need 2 people / auto system. Damn you're an idiot
 
Sacrificing a higher return to gain a lesser workload is a luxury that one can only afford when well-capitalised.
 
Quote from chipmunk:

if this is the case then I will never day trade:
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I suspect few ever achieve it. And even for those who do, their success is likely not durable.
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The 1st great challenge in trading is to "figure it out"... the 2nd great challenge is to "figure it out again after it's changed".

The market behaves in one way for a while, then changes. Unless you change what you do, prior behavior which was successful becomes wrong behavior.

That's what I mean by "not being durable". And just because your automated trading system has worked for 6 months or 1 year, doesn't mean it's durable. There are many examples of traders who had great success then blew out.
 
Quote from Mike805:

For someone who has been around a while, I would think that your opinions would be slightly more informed. Obviously what you fantasize does not exist in terms of "easy money", but, long term success and durability with automated trading certainly does exist.
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So, was that fun? Taking a dig at me?

1. Just because YOU said successful and durable autotrade systems exist doesn't make it so.

2. "Very FEW traders are ever going to achieve signifiant autotrade success"... was my point.

And you tell me, "I should know better, of course they exist"?

Lame.
 
Re: I'd rather make 20% Auto trading than
Quote from chipmunk:

say 35% but having to stayed glued to the quote machine al lday.

Say you are a day trader. you can make what 6% per month but you have to watch the quote machine all day....what a life :-(

Wouldn't it be better to auto trade even if it means taking a 50% pay cut?

Does anyone actually enjot watching the quotes go up and down all day? What a terrible life. Not for me.
More...
do both, 20 + 35 = 55%, wow!
 
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