We have been closely watching the Crypto Currencies market if you’re able to refer to it as that, with the fake data, fraud, and related problems. One thing stands apart – it is not so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And because so many readers with this fine site will know already – virtually all traders lose. There’s been analysis done with this, everyone knows how this ends. A few early investors create a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is a lot like a ponzi scheme. In MLM, there are many who break the bank – the founders.
If you’re not the founder – how do you know which Crypto will likely be another Bitcoin? You don’t. You concept of. You can visit Korea and do each of the due diligence you would like, the fact remains that it’s impossible to start to see the future or even a top analyst could be wrong from time to time.
Quant traders have similar doctrine each will share – these are smart enough to learn how stupid they may be. They know their own flaws and so they endure a higher power- that is certainly Artificial Intelligence.
Computing power is currently so massive it is feasible that now you may using their own home office create a sensible automated program that does well. Of course, like with the laws of market dynamics, it’s also possible to build a robot which can be worth exactly zero – a large pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it functions, he’s got effectively made a money making machine. If it doesn’t work, there isn’t a value to anyone not even academics.
Exactly how do you know very well what method works, how to build a practical bot or get one? There are obvious conflicts of great interest in those who sell bots. The internet may be covered with good marketeers, while profitable quants mostly maintain their ways to themselves. Selling an item, and trading a robotic, are very 2 different skills.
Crypto so far has proven just like most markets: impossible to trade.
Although many are kicking themselves because of buying and holding, I can tell you as being a trader and I speak for most inside the room that there’s not a way I’d also have the patience to sit on the hugely profitable position for several years whilst the price goes parabolic.
That’s why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too naturally, however they are of your different nature.
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