Is this a joke?

[Flats]

Hi hows it going. I call my Dads friend who has been trading stocks for 20-22 years to see if I could learn anything else on trading stocks. He dose the charting system and a couple of other thing Ive saw around here but one thing he was looking into was automated trading. I was confused what it was so he explained it and it sounded ok i guess. Hes trying the new free version and it is suppose to identify the stock faster and reduce emotions and increase you trading discipline. I know that theres alot of people on this forum that has tried alot of things so I am wondering if you ever heard of this or if there is any upside to this


Thanks Michael

[microhedge]

Have used some options trading software, it does take the emotion out of it and creates a disciplined pattern; however, it took the profits out of it for me as well:roll:

[Luc1Grunt]

Hi hows it going. I call my Dads friend who has been trading stocks for 20-22 years to see if I could learn anything else on trading stocks. He dose the charting system and a couple of other thing Ive saw around here but one thing he was looking into was automated trading. I was confused what it was so he explained it and it sounded ok i guess. Hes trying the new free version and it is suppose to identify the stock faster and reduce emotions and increase you trading discipline. I know that theres alot of people on this forum that has tried alot of things so I am wondering if you ever heard of this or if there is any upside to this


Thanks Michael


Go here: http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=48

Read EVERYTHING.

Do homework.

Understand what you want

backtest your system

SIM trade your system

Invest in your system

Execute your system

Stick to your system.

Adjust system as needed.

[Luc1Grunt]

Hi hows it going. I call my Dads friend who has been trading stocks for 20-22 years to see if I could learn anything else on trading stocks. He dose the charting system and a couple of other thing Ive saw around here but one thing he was looking into was automated trading. I was confused what it was so he explained it and it sounded ok i guess. Hes trying the new free version and it is suppose to identify the stock faster and reduce emotions and increase you trading discipline. I know that theres alot of people on this forum that has tried alot of things so I am wondering if you ever heard of this or if there is any upside to this


Thanks Michael

I'm sure you'll post the "new free version" soon, but if you are serious;

BE HIGHLY SKEPTICAL of FREE ANYTHING...ALWAYS.

8)

[microhedge]

Hmmmm... I'll hold my tongue on that one... best of luck to you flats:mrgreen:

[Luc1Grunt]

Must have been a "drive by" threading.

[microhedge]

Newbies are doing a lot of those for some reason:?:

[madcowdisease]

*************************DELETE******************* ******

[Flats]

Wow just because I don't check the post and replys or respond to unuseful comments doesn't mean it was a "drive by threading". Or mean that is should be deleted. It was less than 6 hours since I posted it and 10 hours when someone said that it should be deleted. And that just shows the lack of support on this board from certain people . Very poor.

[Luc1Grunt]

Go here: http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=48

Read EVERYTHING.

Do homework.

Understand what you want

backtest your system

SIM trade your system

Invest in your system

Execute your system

Stick to your system.

Adjust system as needed.

With your vast experience having been on this forum for a week or two, it appeared you were another "multi-post wonder" starting threads that go no where and add clutter.

If you re-look, I think the door to your question has been opened and has provided more info than you likely expected.

To take a leap from very novice to automated systems is, well, naive at best unless you had a link you wished to share. :wink:

So, before you bash those trying to help, reconsider your objectives and maybe use or "discuss" the info provided.

Many "drive-bys" make this forum weak. Soon, people do not wish to respond and threads die a quick death with 3 or less posts.

Happy trading to you and understand you are on an INTERNET FORUM. Thick skin applies.

[aiki14]

Wow just because I don't check the post and replys or respond to unuseful comments doesn't mean it was a "drive by threading". Or mean that is should be deleted. It was less than 6 hours since I posted it and 10 hours when someone said that it should be deleted. And that just shows the lack of support on this board from certain people . Very poor.

You might find the folks here would take you more seriously if your post wasn't written in the prose and grammar of a remedial 5th grader. You might also find your points are not misinterpreted, or misunderstood.
I find it difficult to imagine someone who can't frame an idea coherently in words is going to have a real chance in the market. It is a zero sum game, and the folks on the other side of the trade are smart, tough, and well healed. You bring your "A Game" or you can expect to get a real painful and expensive lesson. This ain't poker at the casino with a bunch of knuckleheads, it's real money action where the other guy was first in his class at M.I.T.
As luc say's the leap from novice to automated systems is naive, like going from little league to the major league.
You might also remember, again referring to the zero sum game, that any advice you may get is in direct conflict with the advisors best financial interest. If I help you with advice, you may be on the other side of a trade with me, and may cost me money. The folks here routinely offer honest, well intentioned advice to newbies and one another. They don't have to, and as I have said it may be in their best interest to not do so. Also understand that many trolls come and go, and until you've been around a while you're going to be suspect, sorry, but that's the reality of the situation.

[aiki14]

Hi hows it going. I call my Dads friend who has been trading stocks for 20-22 years to see if I could learn anything else on trading stocks. He dose the charting system and a couple of other thing Ive saw around here but one thing he was looking into was automated trading. I was confused what it was so he explained it and it sounded ok i guess. Hes trying the new free version and it is suppose to identify the stock faster and reduce emotions and increase you trading discipline. I know that theres alot of people on this forum that has tried alot of things so I am wondering if you ever heard of this or if there is any upside to this


Thanks Michael

I was going to try to answer the original post, but it isn't really possible other than to say an automated trading system is a pretty advanced technique, must be extensively backtested against benchmarks, and may even after that, fail. If you don't believe me ask the quant traders whose black boxes led them into the slaughterhouse in July. Systems work until they don't, then they get offered to the public.
I have been investing in stocks for 20+ years, I have been trading for 3 and full time for 2. I have learned 1000 times more in the last 2 than the prior 20, so watch out when you say your dad's friend has been trading for 20-22 yrs. If he's been a trader all that time he should know the worth of free systems.
You also say he "dose the charting system". There are 10 I could describe in detail and 500 at least you could get a book on. The folks here use many different ones to varying success, and most folks use different indicators based on personal preference.

Here is my personal view of automated systems. They are at best nearly worthless to the novice, they will be more expensive than they can justify, and there are just too many for the novice to choose between them intelligently. A few good books, a dedicated effort to educate ones self, and a good amount of paper trading will much more likely result in success.
One thing you did apparently glean from your conversation is that taking emotion out of your trading is of value. If you get nothing else you have gotten something very important.

I hope these last two posts don't come off too rough, but as Luc said, "thick skin required".

[microhedge]

Luc1Grunt, Aiki... you spoke so well of the situation, I have nothing to add.

[TonyM]

Yup, yup, yup and yup.

Look for posters that have been here awhile, write effectively and have the respect of other members. Imo it is very easy to spot the real McCoy's around here, Aiki, Luc1, Svenwulf and Chinaman are a few whose posts I would highly recommend a novice read and glean from. There are some pretty generous people here and if you think this place is rough, trot on over to elitetrader and prepare to be flamed into oblivion, this is child's play in comparison.

[concrete]

You might also remember, again referring to the zero sum game, that any advice you may get is in direct conflict with the advisors best financial interest.

Aiki:

Would it be cynical to believe that a brokerage house would downgrade a stock when in fact their true intention is to drive the price down to a level they'd prefer to buy it at.

[aiki14]

Aiki:

Would it be cynical to believe that a brokerage house would downgrade a stock when in fact their true intention is to drive the price down to a level they'd prefer to buy it at.

No, I don't think it's cynical at all. Read Charlie Gasparino's "Blood on the street" for a fairly recent example of that sort of manipulation. It is more common for the brokers to inflate the value of the stock to bring business to the investment banking side of the house, but there has been prosecution and regulation to prevent it. The names Jack Grubman, Henry Blodgett and Mary Meeker come to mind.

[MoMoney4Me]

There are quite a few members on this forum that are very generous and thoughtful with their posts and helpful advice.
Aiki in particular often goes above and beyond in offering help for the novice that pops in out of nowhere. Be thankful of him for his generosity, and you'l be well served to heed his advice.
I may not be as articulate, but one thing I've learned is that you must use due deligence. That doesn't mean asking for advice on an internet forum. It may give you a few leads that can be followed up on, but only after extensive research.
Brings to mind a few quotes.......

“You should only believe half of what you see, and none of which you hear”


“Those who do not read are no better off than those who cannot.”


“I can explain it for you, but I can't understand it for you”


“Some people make things happen, some watch things happen, while others wonder what has happened”



........ Good luck, if you're putting assets at risk, you'll need it !!!