Trading will be dead in next 10-20 years

[trade5656]

Who cares? Don't play against computers. Play against other people, like in person.

How will you be able to play against realy people only in advanced AI-heavy market world?

 

[O(1)]

"The idea of financial singularity may seem inspiring; but it is no less illusory than the rational Utopia that inspired generations of central planners. Human judgment, good and bad, will drive investment decisions and financial-market outcomes for the rest of our lives and beyond."

http://www.afr.com/personal-finance...ver-be-replaced-by-a-computer-20150716-gidhft

 

[helgen_1]

...4 of the BEST in the world heads up players vs AI.

So you draw the conclusion that taking on 4 players in poker is the same as taking on the markets? How many players are there in, lets say the ES, on any given day? Are the players the same from one day to the next? From one month to the next?

Continuing my example of using the ES:
The ES is a highly mature market, it is arb'ed, spread and algorithm'ed to the n'th degree. Now, if you look at this week's trading action, would you say there are opportinities for a day trader to make some hay, or do you only see it moving up and down randomly?

I am not asking this because I want you to answer here in the thread, it is just to give you an idea of the questions you can ask yourself while you prepare for next week.

H.

 

[chartman]

That's what people who prognosticate doom and gloom over technology-driven trading don't understand. The behaviors of supply and demand in markets will still show themselves regardless of who's doing the trading. I've analyzed charts from as far back as the year 1200 and markets behaved the exact same way as they do now.

Human nature has not changed.

 

[Money Trust]

Human nature has not changed.

Not only that, HUMANS design these technological systems, so it stands to reason that the computers are just doing what their human masters tell them to do. Which means that they're still making human decisions. Stated another way, AI is just automated human behavior.

 

[chartman]

[/QUOTE]

" or do you only see it moving up and down randomly?"


H.[/QUOTE]

Nothing ever happens in the market until someone makes it happen.

 

[trade5656]

Not only that, HUMANS design these technological systems, so it stands to reason that the computers are just doing what their human masters tell them to do. Which means that they're still making human decisions. Stated another way, AI is just automated human behavior.

You should really read more about what Machine Learning is.

The thing that you describe is automation, not AI. With machine learning computers can create their own algorithms, styles of trading, detect patterns, analyze data. With machine learning the program is literally writing ITSELF and expanding, developing.

 

[Money Trust]

You should really read more about what Machine Learning is.

The thing that you describe is automation, not AI. With machine learning computers can create their own algorithms, styles of trading, detect patterns, analyze data. With machine learning the program is literally writing ITSELF and expanding, developing.

And that still doesn't change how supply and demand works in markets.

 

[algofy]

How will you be able to play against realy people only in advanced AI-heavy market world?

He was talking about playing chess.

 

[Chris Mac]

For example in 2006 you could spent 1 week to learn some basics of poker and get some charts and you will be able to make 20k a month just by grinding basic SNG tournaments. What can the same player grinding same tournaments expect now? 500$ a month.

Ok, but poker or even chess are simplistic games compared to trading the markets.
Poker? chess? only determinated probabilities, no events....
Even some pro poker players try to trade because revenues are higher... but few succeed.
If you start trading now, it is not too late... i think you got decades before AI outperforms pro traders.

CM