I think that would be awesome, but opens the door for amateurs to loose tonnes of money. but if it is a .NET webservice there is not that many people that can actually develop systems to use it, maybe this will make for a very nice secondary software market for trading/investing software. good idea!
Saash, this is courtesy of Dr Elder - write this out 10 times every time you start wavering: I have it in me to do myself serious financial damage if I ........ You can add on whatever it is you wish to do that is not within your normal trading pattern.
U getting too scared because u have made a lot in recent times. In theory with a proper system in place u should carry on doing what u doing and u will be all right. The thing to avoid is when the bad patch eventually comes that u don't start running after the market to recover your losses because that is when the losses will start compounding. At that point u will just lose a grip on what u doing. Remember this thing from me>>> Any system that u not in control of, it control u!! This also applies nicely in life ;)
Saash i agree with wizard if you trading well continue what youre doing.I have never heard of someone telling a sportsman when he is in top form to take a break cause he may be getting over confident.Its when you start losing money that you need to take a break and re-asses your system to go back to what you were doing when you were making money.The trick now is to keep detailed record of what your doing thats proved to be succesful to revert to when the bad times come.
ppl thanks :-) I sat this morning and reviewed my rules. Realised that I didn't have a confirmation signal and so DIDN"T enter a new trade (for the first time in weeks). Turns out this is a good thing, cos now I can go have a pic nic :-) instead of watching this dead market!!
Saash...the market will always be here and as a trader your primary job is to make sure that you are able to participate by protecting yourself from capital damage..Part of being consistantly profitable lies in changing the belief "that money does not come easy...to is is easy to get money " For me...that means taking a break on a tuesday and taking my kids for a picnic at Kirstenbosch...my point is..if you cant take a break your belief that its easy needs work...without that belief changed self sabatarge is the next step.