MyStockTradingBiz.com
by Bills | December 4, 2014 1:20 pm
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Source URL: https://www.stockgumshoe.com/2014/12/microblog-mystocktradingbiz-co/
Its all I do for living , write automated trading systems and run systems on my accounts and relative’s accounts. . Following any system blindly without human monitoring is for FOOLS. My systems work 80% of the time but those outliers can kill you.
I run 30 or more systems and have helper monitor them. If she has any doubts about any system she shuts shuts it down. The bigger the time interval the more problematic the system. My systems run on 1 minute bars or lower.
Problem with autotrading systems is markets change character faster then systems can adapt.
Dr. StrangeLove,
Just curious… what platform do you use to trade with? (e.g. TradeStation, NinjaTrader, or ?)
Algorithmictrading.com sounds great, but the fact that I’m still on the fence bothers me. If this trading platform works as advertised, then would it be that far fetched to consider it priceless?
In theory, a successful algorithmic trading platform would be priceless to the owner of that platform, as well as to any potential buyers of that same platform. In a previous thread listed above, the owner, Richard, mentioned that they have about 100 people trading this algorithm. Really? Only 100 customers for a product/service that can be interpreted as priceless? Something doesn’t smell right. Screaming Bernie Madoff Ponzi scheme to me.
From my point of view, Algorithmictrading.com is either a priceless trading platform or a Ponzi scheme. How can it be anything else? If it’s not a Ponzi scheme and its not a priceless trading platform. Then what is it?
Hope I’m wrong about it being a Ponzi scheme, but doubtful its the priceless trading algorithm/platform we’ve all been waiting for. Any customers out there that made it big and then successfully cashed out? It should be REALLY easy to find happy customers that are singing this companies praises. And singing them loudly and unsolicited from your nearest rooftop.
Is there no one out there that can write an honest review? And by honest review, I mean you have had to at least vetted the platform. Ahem, looking right at you Emmett. Anyone ever write a review on a movie that you haven’t seen? Ever write a review on a restaurant/meal that you haven’t been to or tasted? How about a car that you haven’t test driven? I don’t think so. What makes Emmett think he is qualified to write a review about a product that he hasn’t even vetted personally himself? Quite misleading at best. And Emmett, if this is your blog website, shame on you for not fully vetting any and all products/services you review.
There has to be transparent customers out there. If for no other reason than just providing a public service as to the legitimacy of this companies products/services. Why aren’t there any public statements that have been audited/confirmed? In theory, every customer should have the exact same results every day/week/month/year etc. So it shouldn’t be that difficult to find multiple customers willing to share this info. I understand that some factors can affect individual results. Such as the starting acct balance and timing as to when someone gets in and starts using the algo. Human/user intervention in executing their own trades or not letting the algo run 100% of the time will also affect individual results. But if all things are equal, every customer should experience the same percentage results as one another on any given day/week/month/year. Right? Where is all this info? Why isn’t it public and easier to find?
Not too interested in simulations when you’re asking for a non-refundable 20% fee upfront. This is real life. Where are the real life success stories?
Im still on the fence, but still quite vulnerable to a violent push to the side of algorithmictrading.com, just not there yet. I am available for further discussion and debate if more or better info is available. Waiting to be sold…
TraderNVA, You make some excellent points in your original post. I too have been on the fence about the use of the aforementioned algorithms, but am leaning toward utilizing a different system … one that is more hands on. Sadly, the fact that the positive comments on this thread seem to be from individuals that have either not traded the algorithms or come across as plants is very concerning.