Comment on The rise of Algo trading platforms & everything you need to know
commented on
12 Dec 2021, 04:07 PM
If any platform/person is providing a software/interface to automate buy or sell orders based on certain conditions . What is the problem SEBI has with this. Traders without a such platform are also doing the same but manually with limited execution power? an Algo can facilitate fast execution without any delay. For example I have a bucket of 50 tock (Nifty 50), and my strategy is scanning all those stock to match my buy/sell conditions. If there are 10 stocks meetings the criteria for entry , a manual order processing will take at least 10-15 minutes whereas also will immediately punch the order will SL in place. Also give retailers the power of fast execution.
When it comes loss making , can you say that people were not making huge losses before Algo platforms came into picture. I can tell about myself , I have been doing very good after automating the trading with correct position sizing , Stop loss defined in the strategy.