Auto Trading All The Rage: Whooo Hooo! I'm Rich!

Auto Trading is all the rage again. We all find it fascinating that a computer could trade for us while we go off and enjoy ourselves waiting for the time we come back to pack the money bags and head off to the bank with our rewards!

Ok by now we are all smarter then that I hope. Auto trading systems can help however and can make money. But you have to be aware of the issues involved when evaluating trades made by the system.

Does it post limit order trades which are impossible to get and still record it as a win?

What is the probable system slippage and how do you calculate it?

Should you trade overnight and take the risk of gaps?

How can you build in protection schemes and quality checks to ensure your account is not being traded to zero while you are shopping?

What systems out there are good? What is its rate of return? Average number of trades taken per day, month, year?

What risk factors are really important?

Does drawdown really matter? You bet it does! How does it hurt you?

Post the links and describe your own trading systems!

Can you use the signals as a confirmation of your own indicators to trade?

Tell us how auto trading systems help you with trading. What tools do you use?

No bashing allowed. Just state the facts and let them be your sword of truth!

Workshops, Seminars and Laptops! Oh My!

Great work on the Project: Sidewinder effort! We saw the creation of the Sidewinder for Sierra Charts. We were hoping for members to create it for all charting packages. We gave 200% effort and that is what counts in moving forward. We want to keep traders accountable for what they promise and we went a very long way to achieve this goal. It was promised and you were the ones that delivered it. We know some of you are still working on programming it for the other packages. Thanks to all! We appreciate all that you are doing!

We would now like to discuss a request made by quite a few members already to our surprise. We did have to re-word it a bit and it goes like this: Workshops, Seminars and Laptops! Oh My!

- What do you get out of seminars?

- Honestly, do they really help you? In what way?

- How much are they really worth? How much should you pay?

- Should you be charged at all? Why can't they be held free? Is there a better way?

- Should you attend workshops for different level of traders?

- Can you get everything from the documents instead of going to the seminars?

- Why do the creators of these seminars do this? Money? Fame? Friends? Fun? Sex with the groupies? Why?

Tell us what your experience has been, how much you paid and who did what at the seminar and how it helped you.

Let's get the word out! Please send this blog link to your friends and get them to comment as well. Also, please no bashing. We want to hear the truth and your opinions. Civility is the key to making it cut deep.