Has anyone tried robot stock trading systems?
October 19th, 2009
I run a new Stock Picks Group, and am thinking about trying a systematic, or automated stock picking system like this one:
http://doublingstocks.com/index-secure.php?hop=songbyrds
A few of my friends (who, in the interest of honest disclosure, think these things don’t work) just kind of chuckled when I told them about the various systems I’ve seen after searching Yahoo! Search for a couple of days, but I’m interested in finding a system that will be able to take a raw beginner and help them to make an excellent profit. Thanks for your help - I truly appreciate it! — Steve
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Posted in Stock Trading Robots | 
Tags: couple of days, disclosure, raw beginner, robot, stock, Stock Picking, Stock Picks, stock trading, yahoo
one of the guys I work with built a robot trading system. He was making about $1,000 per week in an up market, then the markets turned sour and he started losing $1,000 per week. he shut off the robot trader.
Its foolish, and if you think you’re going to make cash that easily, think again.
If the robot systems actually worked the there would be a bazillion "bill Gates" clones running around. I haven’t heard of that happening.
I designed and built speculation systems for an investment company several years ago. I can tell you that the market gurus swear that the market isn’t manipulated. And, for sake of my health and well being I will agree with them.
Basically what we did was, instead of forcasting the market, which is impossible, we watched the 9 basic mathematical patterns ("strategies"), and then followed what the "big boys" did, only on a small scale. and, this was the commodities markets, not stocks. We made a few bucks more than we lost. But, we still did lose some money.
If any one ever tells you they got a guaranteed system figured out, grab your wallet and run away like your hair is on fire.
If someone had a guaranteed way of beating the market, he wouldn’t be wasting his time (and potential profits) selling it on the web for $19.95 a pop. If it sounds to good to be true…. It probably is (n’t). After all, If i had such an animal, do ou think I would give up 10’s of hundreds of millions of dollars by sharing it. No … I would get mine first, and I am real greedy. Broke, but greedy, and mostly honest.
Two Economics Noble prize winners created one. They were making 40% a year for a while. Until they went broke.
But these guys with their glitzy website are probably smarter, right…