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Automated Trading With Black Box Software
Specs: 20 mins, 51 secs | 9.6 MB
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Eric Patterson has been trading since the days of SOES bandits and Block Trading. He's traded successfully through bull and bear markets and has completely automated his system to find opportunities, buy and sell. He executes 1500 to 2000 trades a day. Here we talk about what puts him in the top 1% of all independent traders and the keys to his success in the markets. A fascinating look at a great trader with a totally automated quant system.

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Automated Trading With Black Box Software


TraderInterviews.com: Our interviewee today is Eric Patterson and I've known Eric for a while now. Initially, we've met, I think on the Trading Boards over at Silicon Investor, back when the heyday trading days of late 1990s. I think, Eric that is where we first connected?

Eric Patterson: Yeah, I think that's correct Tim. That is definitely correct. Way back when Silicon Investor was the big hot thing and I guess since then, it definitely quieted down with the bursting of the bubble.

TraderInterviews.com: Now, there are still probably some people that get on there. There are still some people posting there, other than yourself too, that had been there since the beginning?

Eric Patterson: Absolutely. We have Alan Farley, I see posting there. Brandon Fredrickson, and others still post occasionally. I know those are names that are definitely familiar to me and I think to a lot of traders out there.

TraderInterviews.com: Yes. So when did you start trading?

Eric Patterson: To tell you the truth, I started doing longer term trading way back in graduate school back in the, gosh when was that, mid 1980s. And I traded commodities, got out of graduate school, ended up getting a real job, and I worked as an engineer for a number of years, and I guess I got, you know, I was doing longer term stuff, trading stocks, you know, swing trading things like that. And it wasn't until long about 1988 or so where I was on a business trip down to Houston, Texas where I went to graduate school and met up with some of my investing buddies back from my days back there. And in something that was called the Houston Computer Investors Association and he told about this day trading craze that was going on back then and suggested that I go to the block trading office down there in the Galleria in Houston. And that's what really got me interested in day trading...

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