We have been closely watching the Crypto Currencies market if you’re able to call it that, with the fake data, fraud, and related problems. One thing sticks out – it’s not so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers on this fine site will already know – the majority of traders lose. There’s been analysis done on this, everyone knows how this ends. A few early investors make a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are some who get rich – the founders.
Unless you are the founder – how can you tell which Crypto will be the subsequent Bitcoin? You really do not. You concept of. You can look to Korea and do every one of the required research you would like, the fact remains that no-one can understand the future as well as a top analyst can be wrong occasionally.
Quant traders have a similar doctrine each will share – they are smart enough to know how stupid they may be. They know their own flaws and they also undergo a better power- which is Artificial Intelligence.
Computing power is currently so massive that it is likely that now you may off their own home office create a sensible trading plan that does well. Obviously, like with the laws of market dynamics, you may also build a robot which can be worth exactly zero – a big pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it works, he has effectively made a wealth creation machine. If this doesn’t happen work, there is absolutely no value to anyone not even academics.
How do we know what method works, developing a working bot or purchase one? There are obvious conflicts of great interest in people that sell bots. The internet may be covered with good marketeers, while profitable quants mostly keep their ways of themselves. Selling something, and trading a robotic, are very 2 different skills.
Crypto to date has shown exactly like most markets: impossible to trade.
Although many are kicking themselves because of buying and holding, I will tell you as being a trader and i also speak for many space that there is absolutely no way I would experienced the patience to sit down with a hugely profitable position for several years even though the price goes parabolic.
That is why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too naturally, but they’re of your different nature.
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