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re: Automated trading software....
Posted on 3/1/15 at 1:31 pm to TigerstuckinMS
Posted on 3/1/15 at 1:31 pm to TigerstuckinMS
Agreed, the more I read about it the more it bothers me.
One of the key pieces of functionality it is pimping is trading in "stealth mode", which according to the site:
The reality is that 1. No it doesn't and 2. Even if it did, no ones GAF about some schlub in his basement trading 100 share lots of MSFT(their target market, considering no real trader would buy this junk).
ETA: FoShizzle - I didn't even consider the damage this thing could do to someone who builds their own strategies. Imagine logging in and seeing that you've done a few hundred trades in a week AND are down big time. SO much room for error.
One of the key pieces of functionality it is pimping is trading in "stealth mode", which according to the site:
quote:
The ability to trade in "stealth mode" is also a key distinction between automated and CoolTrade™. As the computerized stealth-based robot is able to detect conditions before a human trader can, robotic stock trading has become increasingly popular with "day-traders" / "scalpers" who rely on speed of execution to repeatedly take profit on stock fluctuations throughout a trading session.
The reality is that 1. No it doesn't and 2. Even if it did, no ones GAF about some schlub in his basement trading 100 share lots of MSFT(their target market, considering no real trader would buy this junk).
ETA: FoShizzle - I didn't even consider the damage this thing could do to someone who builds their own strategies. Imagine logging in and seeing that you've done a few hundred trades in a week AND are down big time. SO much room for error.
This post was edited on 3/1/15 at 1:34 pm
1
Posted on 3/1/15 at 7:32 pm to Chris Farley
I kind of figured that. I'm new to the game. I've dipped my toe in the water a few times. Last week I bought KTOS to watch for a while. I'm a nurse anesthetist in the healthcare field so all the jargon and numbers with the market are taking me some time to wade through. I saw this program as a "set it and forget it" but I should know better. It's just that you watch the demos and think "man I could do That!"
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