God's Black Box

Discussion in 'Wall St. News' started by nitro, Nov 21, 2016.

  1. For 95% of traders.... maybe JUST the bar
     
    #11     Dec 14, 2016
    big mac likes this.
  2. "Gut Instinct" is probably over 100 parameters that the human brain uses subconsciously.
     
    #12     Dec 14, 2016
  3. I think you missed my reference to 95% of people who attempt to trade, fail at it.
    Reason being they never learn to take in much past the "surface" of a bar.
     
    #13     Dec 14, 2016
  4. big mac

    big mac

    ROFL:D:D:D
     
    #14     Dec 14, 2016
  5. big mac

    big mac

    Little doubt that AI will soon outperform the human brain in all dimensions.
    Kiss trading goodbye when this happens.
    The market will always be here...nope!
     
    #15     Dec 14, 2016
  6. No I knew what you meant, I was looking at the 5%..
     
    #16     Dec 14, 2016
  7. Humpy

    Humpy

    These super duper systems have come with great hype and expectations and mostly failed miserably. It may take more than eager twenty somethings with Phds to crack this problem.
    As Confucius might have said - To solve a problem - it helps to look in the right places for the solution.
     
    #17     Dec 14, 2016
    vanzandt likes this.
  8. The other side is that the current setup of the markets are there to create the condition to extract profit from without any real value adding. If markets were allowed to become to automated it would greatly reduce the profit potential to be exploited.

    Would it really be in the big players interests to make systems so efficient? Eventually if super/quantum computers and AI come into play, it won't be long until they have the capacity to read EVERYTHING and know true value at all times. Then there is nothing left for anyone to exploit for profit.

    By rights, that should be what ends up happening but somehow I think greed will win out and it will never be allowed to become that efficient. After all, they will ALWAYS need suckers in the market still thinking they have some sort of chance.
     
    #18     Dec 14, 2016
  9. big mac

    big mac

    the point is...they are already winning ...read first post.

    they just get BETTER from here.
     
    Last edited: Dec 14, 2016
    #19     Dec 14, 2016
    BearRunner likes this.
  10. Humpy

    Humpy

    The day may come where we really get to hate AI that knows everything and does most of the jobs. People need things to do. Just sitting around won't be sufficient for some.
     
    #20     Dec 15, 2016