Hi All.
Only on T2W could a thread go from a concern about insomniacs to a discussion on computers.
😀
It will happen though I suppose. It will be computer, trading against computer (it is now to a certain point.)
Whether we like it or not computers are taking over. Just look at the car industry, machines and computers build everything creating a redundant workforce of highly skilled people. How can we say that trading won't be the same?
One of the hardest things with trading is the mental aspects and conquering that element. So if you can get a computer to do everything and take away that emotion that drains our trading accounts slowly but surely, then surely we (or should I say the computer) will be more profitable.
The one thing that we have on our sides is that a human can change strategy when the markets demand it. Also, if the computers are all trading the same way, it wouldn't be too hard to take a bit of their money on the ride up.
Another point is where is all this money coming from that will pay the computer for it's good trading? It might come down to a set of programmers against another - which leads to asking if the programmers will demand huge wages to create the latest technology, with the net result being that the only people who win will be the programmers.
Since trading full-time in May last year, I've realised that I have to have a high level of computer and internet knowledge just to get all the software etc. to work to enable me to trade, and that my job title should include IT engineer - and with this new job title I will be demanding higher wages (just in case my boss reads this 5% extra a day would be acceptable
😉 )
All these questions are too much for such a simple mind.
😕
These are just my thoughts and their worth exactly what you paid for them.