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Long Term Capital Management...
Aren't they the people who went belly up, loosing BILLIONS, by using Black
Scholls option models???
----- Original Message -----
From: "countachl" <countachl@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, December 05, 2003 14:24
Subject: RE: Who is afraid let their systems
> >
> > 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
> >
>
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>
> 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
>
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