We’re closely watching the Crypto Currency market trading if you possibly could call it that, with the fake data, fraud, and related problems. One thing shines – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers on this fine site will know already – nearly all traders lose. There’s been analysis done on this, we all know 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 compared to a ponzi scheme. In MLM, there are some who get rich – the founders.
If you’re not the founder – how can you tell which Crypto is going to be the following Bitcoin? You don’t. You have no idea. You can go to Korea and do every one of the due diligence you want, the reality is that there is no-one to begin to see the future as well as a top analyst may be wrong from time to time.
Quant traders have similar doctrine each will share – they are smart enough to find out how stupid they are. They know their unique flaws and they submit to an increased power- that’s Artificial Intelligence.
Computing power is now so massive it is feasible that you can now from their own home office create an intelligent automated program that does well. Naturally, just like the laws of market dynamics, it’s also possible to create a robot which can be worth exactly zero – a large pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it really works, he’s effectively developed a income generating machine. If this doesn’t happen work, there isn’t a value to anyone not academics.
How do you understand what method works, developing an operating bot or get one? There are obvious conflicts of interest in people who sell bots. The internet may be covered with good marketeers, while profitable quants mostly maintain their ways to themselves. Selling something, and trading a robotic, are very 2 different skills.
Crypto up to now has shown just like most markets: impossible to trade.
Although are kicking themselves for not buying and holding, I will tell you being a trader and I speak for most within the room that there is no way I might experienced the patience to sit down with a hugely profitable position for 3 years even though the price goes parabolic.
This is exactly why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too obviously, however they are of an different nature.
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