2 ms·
Something that stood out to me from the article was that the bot "generated a single trade in the morning." Unless they're trying to realize a quick gain by ex
by elliekelly 8y ago
Something that stood out to me from the article was that the bot "generated a single trade in the morning." Unless they're trying to realize a quick gain by exploiting the "dumb money" most knowledgeable investors specifically avoid trading at market open because the volume/volatility typically comes from Charles Schwab et al. executing trades from regular Joes & Janes. It's noise, not signal.
Since the bot wasn't implementing a day-trading strategy it's pretty clear the programmers didn't know much about how the markets work. I would guess the training data reflected that knowledge gap. As the saying goes, you don't know what you don't know.