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You vastly underestimate the complexity of a discretionary trader's intuition and experience. You cannot just replicate years of human experience with computer
by hellofunk 10y ago
You vastly underestimate the complexity of a discretionary trader's intuition and experience. You cannot just replicate years of human experience with computer code so easily.
- gaius 10y agoIndeed. Think about how many tens of millions of people drive everyday... But a self-driving car still proved elusive...
- selectron 10y agoThis statement is too general. You could of said the same thing about chess, there are chess Grandmasters who devote their lives to studying the game yet computers play chess at a much higher level than any human.
- semi-extrinsic 10y agoChess is rational, following a easily understood set of rules, and both players have perfect information. The big problem has always been analysing all future possibilities. The stock markets are very far from a rational, perfect information game with simple rules.
- hellofunk 10y agoIf you honestly think that living a real human life, with all the concurrent decisions that are simultaneously and relentlessly made on a micro and macro level throughout every second, every day is the same as a single game of chess, then by all means, go trade the stock market and show us how it's done.
- gaius 10y agoAn organisation at the scale of IBM was able to create, after many attempts, and vast investment, a computer that can beat Grandmasters. That insight isn't useful to an individual trying to do the same.