Re: Ask mrbaseball about trading for a living
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Great computer skills help too. All of the newer guys at my firm got in the door with programming skills. Particularly Vbasic for excel. Trading is getting more and more computer generated and automated.
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What are your thoughts on 100% automated trading systems?
I know this was popularised by Jerry Kaufmann and Richard Dennis & his turtles back in the day. I've read that many traders these days use computerised trading with a certain degree of discretionary input.
IMamateurO, adding discretion to a disciplined, emotionless and rational computerised model defeats the purpose somewhat. I think however that most professions can be computerised to some degree. I wouldn't however want to be driven in a taxi or operated on in a hospital solely by computer though - I'd expect computers to assist but with significant discretionary input by the 'professional'
Thoughts on 100% automated trading systems?
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