Human traders can beat algorithms by relying on gut feeling, study shows

[comagnum]

I had always read that women do a lot better than men, I figured it was the ego that got in mens way. I try to stay in a zen state all the time, which seems to help my trading. More and more successful traders are meditating before the trading day.

 

[qxr1011]

i do not like the talk about gut feelings or woman traders (there are no woman traders...)

it is not the gut feeling that allows some humans outperform the machine

its the assessment of each particular situation that human can do, while still playing by the rules

but again in chess it is not an issue anymore....

the difference between chess and trading: in trading behind the machine are still people who put money on the game (but its often OPM)... in chess nobody puts anything in the game behind the machine

and when shit hits the fan in chess you just lose, in trading u loose money and a lot

thats why all the geniuses behind LTCM peed in the pants ...

u have to have balls, and brains, and money and good luck and to die before your method dies..

 

[Trading Education Buyer]

I had always read that women do a lot better than men, I figured it was the ego that got in mens way. I try to stay in a zen state all the time, which seems to help my trading. More and more successful traders are meditating before the trading day.

women = less testtrones less risk taking and more system following

 

[Trading Education Buyer]

That's because the fastest computers can only process 0.0004% of contextual information compared to the human brain, although given some of the posts on the forums these days you could argue that's the wrong way around.

Who the hell commissions these studies anyway, there's way to much money floating around, you just have to look at LTCM and you have your answer. There's seriously more charitable things to do with this money than produce endless amounts of the same thing regurgitated.

real profitable trading is about doing very little and waiting for those free lunch opportunies

 

[birzos]

real profitable trading is about doing very little and waiting for those free lunch opportunies

Actually it's about working out when the delusional people and their followers using marginal gains capitulate as there's no new money to feed the pyramid, and you help relieve them of their capital as they cannot blame anyone but themselves having gone through due diligence to post their original capital, because there's no such thing as a free lunch.

 

[zdreg]

because there's no such thing as a free lunch.

of course there is. you have to be patient unless greed runs it course. then you get your reward when the tide reverses,

 

[Gezunt]

real profitable trading is about doing very little and waiting for those free lunch opportunies

I know an old rich guy who just waits paitently for large down moves then fades them by averaging in over 5 entries. Its an incredibly succesful strategy and have worked since 1987.

 

[neke]

I know an old rich guy who just waits paitently for large down moves then fades them by averaging in over 5 entries. Its an incredibly succesful strategy and have worked since 1987.

How did he do in 2008? Averaged down and held till the market recovered? Did he start of with that holding timeframe in mind?

 

[birzos]

of course there is. you have to be patient unless greed runs it course. then you get your reward when the tide reverses,

Interesting, so the belief is that performing continued analysis and using mental capital to time reversals is free, but see see who liked the reply so enough said.

 

[Spectre2007]

how do you explain these numbers..?