I fully agree with that rajesheck. And the best thing is that hope springs eternal - new players just keep on coming into the market.
Is Autotrading the solution to our psychological trading pain?
- Thread starter autotradingalgos
- Start date
I'd tend to argue that its the exact opposite. A massive number of players have left the markets in the past 8-10 years. Hence the need for a surrogate liquidity provider. The market nowadays resembles sharks fleecing other sharks, there is no comparison to the kind of retail interest and participation from the late 90's/early 00's.
Good point. I know entire arcades of old school tape readers that are long gone. What I do relies on people overpaying or underselling for assets through impatience and not doing their homework - that has remained a stable earner since markets began - and yes I was also surprised that since the emergence of the latency war the method has actually become more profitable. Regards to all
So much for the recent hoopla about machine learning and artificial intelligence.
I wonder if IBM's "Watson" can be trained to trade well ?
Why hasn't IBM tried that ? If successful, that would really hit the news wires.
Since trading is a business and since business is an art... not a science... no artificial or natural intelligence will work.. Lol.. One who trades manually or through algos with that artistic creativity will taste success
Trading artists are less than 1%... the remaining vast majority of the trading crowd make loss.
And the trading crowd is happy gambling with their money believing their ego centric intelligence will help them.
Btw IBM is a business and its founders and present owners are business artists... Like an artist choose either classic art or modern art... from his heart... no one can ask IBM to focus in trading algos...
Even a seasoned businessman, who is very highly disciplined, occationally tend to gamble with his business decisions... trading crowd is on the other hand is highly immatured and has almost zero discipline. So its natural for them to gamble.
This post will not make any sense to the trading crowd... because gambling is in their blood
I only expect reactions like agitation/resistance/dissappointment/defence/frustration to my post
Though science is distinct from art... a good scientist is actually an artist.. who sees things in a never before creative lateral way.
Science is logical... Scientist is artistical
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Science is logical.
Trading is logical.
So trading is science.
The only problem is that for most people their logical thinking is very limited. That explains why they don't see the logic in the markets. Sounds logical, no?
Any art has some logic in it
However we can't say art, music,etc is science ...lol
Makes sense?
Business is an "Art of Psychology"
.
Trading is an "Art of business psychology".
Trading/business does not belong any division of science : Physics, Biology, Chemistry or Maths or Statistics...though business uses all sort of science.
Art/music also uses all science/technologies. That does not qualify art/music as science.
https://www.entrepreneur.com/article/222795
Jumping into trading/business without knowing its DEEP nature is like jumping into deep waters without knowing swimming.
The major problem is with our education system... they focus or give top priority to science than art. So we have become dumbest of the dumbest when it comes to art/creativity/lateral thinking. We dont even know that business is an art. The blame is purely on education system. It needs lots of reformation. Creativity has been systematically & subconsciously suppressed/denied/degraded in our contemporary educational system.
http://www.businessinsider.in/Our-Education-System-Is-Killing-Creativity/articleshow/21418711.cms
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It's not so much the education system...its more about the cost of education.
Schools that tend to promote art/creativity/lateral thinking, thinking outside the box...there costs tend to be extremely high. Just look at a typical art school or creative thinking school...their cost equals the cost of schools like Harvard, Yale and MIT.
Its a tough pill for a parent to swallow in that they would have to pay such a cost. Seriously, pretend you have a gifted child in art or creative writing...will you go into debt in paying almost 80 - 90k per year so that your kid can get a degree in art or creative writing ? Most parents will say no way unless they are rich or they don't care if their child accumulates crazy amount of debt to be educated in such...debt that can not be paid back if they get a mediocre job after being educated.
U.S. does have a student/load debt crisis.
Simply, most parents and most students orientate themselves towards education that they can afford or if they can't afford it and need to go in debt up to their eyeballs...they're more likely to choose science, business or attend an expensive school like an art institute or schools known for encouraging the artistic side of thinking.
Its really about the cost of the education and if people are willing to relocate to lesson those costs to have access to schools that's mainly about art/creativity/thinking outside the box. My point is that the schools for such are there...most can not afford it and most have problems trying to connect the business aspect of art and creativity thinking. Thus, there's also the issue that those with artistic talent...do not understand the business aspect of such so that they can make it profitable.
Some of the world's most famous scientists had an artistic side to them.
Some of the world's most famous artists had a business side to them or they are smart enough to hire a good agent that does all the business stuff for them.
There is a survey at the beginning of this thread guys... would be of great help if you could give your opinions. Regards and good trading