4 ms·
What if it good at trading but can be unlucky?
by inflatableDodo 7y ago
What if it good at trading but can be unlucky?
- Loughla 7y agoIf it's a robot, designed, programmed appropriately, and trained using the correct data to digest and understand later data, can it be unlucky?
- inflatableDodo 7y agoJohn Maynard Keynes' remark that 'the market can remain irrational longer than you can remain solvent', springs immediately to mind.
- pbhjpbhj 7y agoYes, unlucky just means that random/arbitrary decisions or events didn't "favour" you.
- bumby 7y agoThen I'd say the probabilistic nature of the model was not represented correctly by the seller. Saying the algorithm makes 95% winning trades may not mean much if those remaining 5% of trades cause you to lose most of your value.
- inflatableDodo 7y agoProtip, do not try this argument in Vegas.
- bumby 7y agoGood point, but at least the probabilities of casino games are generally known and available AFAIK. People just tend to not care or have a confidence bias.