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> copy-trading Is this a common bot strategy? I’ve never heard of this (not that I would—I only casually follow finance).
by next_xibalba 3y ago
> copy-trading
Is this a common bot strategy? I’ve never heard of this (not that I would—I only casually follow finance).
- belter 3y agoI only know of two similar strategies: - Check Goldman Sachs recommendations and do the opposite. - Hear Jim Cramer recommendations and do the opposite. These two never failed to make money.
- _benj 3y agoI don’t think is a bot thing but a people thing… when there’s a sudden grow in volume whoever sees that assumes that whoever took that position knows something that they don’t know and thus taking a similar position is often a “sensible” action, even if only to hedge against unknowns… Source: best friend trades for a living
- yieldcrv 3y agoand its easy to code a bot for it to be a bot thing far easier than any high frequency trading