|
PureBytes Links
Trading Reference Links
|
>
> Subject: Re: Who is afraid let their systems run unattended?
> Date: Thu, 4 Dec 2003 16:23:03 -0800 (PST)
> From: Alex Matulich ?alex@xxxxxxxxxxxxxx?
> To: omega-list@xxxxxxxxxx
>
> Jimmy Snowden wrote:
> ?You must be talking about automatic order entry. I have no problem
> ?running TS2ki unattended for weeks at a time. It only blows up when I
> ?mess with it. I can see how automatic order entry would be great but
> ?this boy is not about to trust it for more than say an hour at most.
>
> Based on secondhand experience I'd have to agree. One person I know
> who trades for a living won't go near auto-trading, he totally lost
> interest in it after a trader HE knows lost $750K from auto-trading
> problems, and he had a team of 3 professional programmers working
> for him.
>
> That said, my goal is to develop a trading system that can
> auto-trade. However, I won't leave it alone unattended. I'll want
> to watch it. Auto-trading will free me up to pay attention to other
> things like research and testing, instead of being glued to my
> trading system all day, placing orders manually.
>
> -Alex
>
> ------------------------------------------------------------------------
His programmers obviously forgot to have the system stop or at
least sound an alert every $250K ;-)
The PG's must have had a LOT of faith in their system.
Like Long Term Capital Management.
donc
|