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MEET SYSTEMS MASTER ERIC PATTERSON
 
Eric is a highly successful day trader and threadmaster of the popular Daytrading Fundamentals module on Silicon Investor. Non-members can read this fascinating discussion between professional day traders at:
 
DAYTRADING FUNDAMENTALS
 

Eric started his trading career by trading futures while in graduate school in the mid-1980's. After graduating with a masters degree in Chemical Engineering, he began a successful engineering career working for DuPont and Allied Signal, before resigning in early 1999 to trade stocks full time.

Eric trades using a proprietary automated trading platform capable of monitoring every Nasdaq stock. His platform evaluates whether a trade signal is generated after every trade or market maker adjustment is made in any stock. As a result, his platform evaluates up to a thousand or more possible trade opportunities every second! Once a favorable opportunity is found, the computer is able to instantly and automatically place orders and monitor/exit trades. By being a mechanical system, the computer will always trade strictly according to the trading plan implemented, without emotion, hesitation or second guessing.

By allowing the computer to do the tedious job of finding trade opportunities for his existing systems, Eric is able to spend his time researching, testing and implementing new trading systems. This is a very difficult process, since successful trading systems are few and far between.

However, the hard work seems to be paying off, as Eric's trading has been very successful to date. In the past six months, Eric has made over 700 trades, with only one losing week (a 1.0% loss). His trading account is ahead by over 200% during this period.

Eric attributes his success to having a disciplined approach and by testing his systems extensively before implementing any new system with real money.

 
Trading for a Living
 
Crossed/Locked Markets
 
ECNs and Market Makers
 
Island ECN
 
Finding Liquidity
 
Advice to New Daytraders
 
Automated Trading Platforms
 
 
The Daily Swing Trade
 
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