? Not sure I understand what you mean. That was just me doing some creative writing, but fwiw, you piqued my curiosity. Please share. To what do you refer?
It doesn't matter if the entire markets are run my bots. They will still be competing and there will still be human emotion involved(even if indirectly), because one bot will eventually lose and be forced to capitulate and that will provide opportunity for a skilled retail trader. If you're going to say everything get's locked up perfectly, there's very little movement and no competition, than the financial markets will be dead as we know it and there's likely bigger problems going on.
I think AI is a potential market killer. If AI can effectively and efficiently allocate resources in the future, we won't need market systems anymore...... AI+Robots = Free human being from labors for good! People won't need to make money at all in the future.
Gemini is Google and knows i am a conservative right winger from my surfing habits. When i ask it a legitmate question about a specific people group, it cautioned me againist being judgemental. I then replied to Gemini asking wasn't it being judgemental in assuming i was racist when in fact i was just researching marketing. It apologized and said it would be more careful in the future, that it was still learning. I use Gemini and https://www.perplexity.ai/ most every day. They are both very very helpful and at the same time you have to watch them as they sometimes give wrong answers that are obvious. Surprisingly they can give good answers about various settings and indicators in a trading platform. They can also give wrong answers. Every week day i ask them what % of my postion $ amount = my results, to get my % results per symbol and you would think they would get that right every time without fail, but somehow they are sometimes off a decimal point or 2.
This conversation has been entertaining. Current AI runs on information, garbage in and garbage out. If you feed AI with all of the typical trading and technical data . . . out comes the results that have trashed over 90% of traders out there. It is impossible, currently for AI to possess empirical & critical thinking as well as complex problem solving skills where an unknown component or process is needed. I've run literally tens of thousands of models based on current strategy templates and NONE of them solved the issues plaguing strategy developers. Current AI uses current tools to solve problems. But AI is not equipped to CREATE a TOOL to SOLVE a SPECIFIC PROBLEM if those inputs do not exist. AI will come up with short term solutions just like humans have done for years but can't solve that elusive long term issue. The humans that HAVE solved that problem are smart enough (for now) to not share that data with AI UNLESS it is in a closed environment. If you possess the goose that lays that beautiful golden egg why on earth would to cook that goose for dinner and invite AI to the feast. Insanity is doing the same thing over and over again expecting the same result. And that goes for enlisting AI to solve a problem using the same tools and inputs that have led to the same solutions as humans have made for decades. . . just faster.
Maybe someone will feed the Al brooks books to an llm and prompts to create a simple and concise summary. That would save some people 10+ years of frustration Maybe some people are already feeding postings of certain users in an llm and ask for deciphering the trading secrets within (no I don’t)
His video course is neither simple nor concise. However, in terms of clarity it is lightyears beyond anything he purportedly wrote. I'm not one to advocate book burnings in general but should anyone want to fuel their bonfire with my copy of Brooks' Bar by Bar, have at it.
I can identify. I have the book "Trading the Ross Hook" by Joe Ross which currently sells for $520.00 on Amazon. It's highly regarded but i didn't find it easy to read. Maybe I'll try again later.