Goodbye to EOTPro
Posted on November 6th, 2009
Written by Richard
Posted in: N/A (old archives)
Remember back in January when I said I was going to transition to automated trading to free up more time for EOTPro? Yeah, me too.
I haven’t talked about it much, because there hasn’t been much to say. Nearly all the time I could free up went straight to EOTPro instead of automated trading research. It’s no surprise why… I remember when we had 17 members total. Now we have 17 members named Dave!
EOTPro is still growing, and working on expanding in new and exciting directions. That means even more demands on my time and attention. About a month ago I asked myself again if I should stop trading altogether so that I could devote more energy to the project. This made me a little uncomfortable.
So I quit.
Okay, it’s a bit more complicated than that, but the main reasons are:
- I want time to focus on my own trading, which hasn’t improved much over the last year (the first year I can say that since I’ve started)
- I’m really enjoying the new collaboration team I’ve started. I think we are starting to see the benefits already, and it’s very early in the game.
- I was seriously influenced by the book, ‘Free.’ I don’t really want to be in a business model supported by locked down information anymore. So I’m releasing all of my indicators through the collaboration team now, in free and open source.
I love the EOTPro folks, and wish them well. If you ever find yourself looking for a live trading room, I don’t know of anything better. If you were following my work through EOTPro and want to follow it into the future in open code for a lot less money, check out the Team (and the intro and questions posts). Of course some things will still be released totally free through the blog as well.
I’ve spent a looooong time thinking about this, and finally reached a firm decision while on vacation. It was a lot of money to walk away from, but in the end I always choose quality of life over money. I highly recommend that to everyone!
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.