Trading will be dead in next 10-20 years

It's like saying we'd all win the lottery. You know the return will be the price of the ticket minus expenses. What kind of market is that. There's always a buyer and seller to every market. Markets will not disappear because of algo's ...
 
wrbtrader said:
On the professional side...its algo vs algo right now. They've been competing against each other for many years now. Yet, I'm not sure where the retail algorithm trader is at...they competitive or too far away from the competition ?
P.S. A few retail algorithm traders here at ET say they are doing well.
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There are many retired programmers out there with algos that keeps it on the down low.
 
Money Trust said:
Two different endeavors.
If that's where you're at, I don't have anything to add to this discussion.
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you entered the thread with the fact that trading has been around for a very long time and this is why you don't believe it will die in the next 10-20 years, so i counter-argument that with an example of the other thing that's been around for a long time and in which we can no longer compete with machines

what is exactly the problem with that?
 
The human aspect of trading will go behind the AI algos as it is the humans who program the AI software. Also, new variables will enter the market paradigms and it will take human interpretation of these new variables to modify the AI programs. What 1 programmer interprets as friendly will be hostile for another.

Just like humans making decisions right now they will go behind the AI in the future and tweak these programs regularly from behind the scenes.

Human emotions will still influence the markets in a modified manner.
 
"Truly it is with regards that the trading intelligence compounds upon the border of advanced, and price action is subjective when snowflakes fall against correlations as the latency is decreased while stat arb sleeps. Because of this, buy AAPL at market open."

There's my NLP-informed AI script. Guess there's no need for me as a trader anymore.
 
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