Were closely watching the Crypto Currency Market when you can refer to it as that, with the fake data, fraud, and related problems. One thing stands out – it is not so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers of the fine site will know already – virtually all traders lose. There’s been analysis done for 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 much like a ponzi scheme. In MLM, there are several who get rich – the founders.
If you aren’t the founder – how can you tell which Crypto will be the following Bitcoin? You don’t. You have no idea. You can visit Korea and do every one of the research you want, the fact remains that no-one can start to see the future as well as a top analyst could be wrong at times.
Quant traders have the same doctrine all of them share – they may be smart enough to learn how stupid these are. They know their particular flaws and they also undergo an increased power- that is certainly Artificial Intelligence.
Computing power has become so massive that it’s entirely possible that everyone can from other own house office create an intelligent trading plan that does well. Obviously, as with the laws of market dynamics, you can also produce a robot which is worth exactly zero – a major pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it works, he has effectively developed a income generating machine. If it won’t work, there isn’t any value to anyone not academics.
How do you understand what method works, how to construct a working bot or buy one? There are obvious conflicts of interest in people who sell bots. The internet may be covered with good marketeers, while profitable quants mostly keep their strategies to themselves. Selling a product or service, and trading a robotic, are really 2 different skills.
Crypto up to now has proven similar to most markets: impossible to trade.
While many are kicking themselves for not buying and holding, We can tell you as a trader and I speak for many inside the room that there’s absolutely no way I’d also have the patience by sitting over a hugely profitable position for several years as the price goes parabolic.
That is why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too of course, but you are of an different nature.
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