(11th-January-2020)
Here we are discussing what is the differences between trading dot and human traders?
Longevity. Bots can operate 24/7, humans need to sleep (and rest).
Speed. Robots operate magnitudes faster than a humans thinking time plus reaction time.
Emotionless. Robots aren’t driven by greed or fear. They’ll always do what’s statistically more likely to win.
Capacity. Robots can process gigabytes of data per second. Humans quite simply can’t process that much data in that timeframe.
You see, there are many benefits to running bots and it’s all down to their skill set being vastly different to that of a human. Bots are consistent and monotonous. To be profitable you need consistency and quite frankly have to do everything thats highly counterintuitive to human nature.
Like, running towards the fire.
However it’s worth bearing in mind, a bot, any bot, is only ever going to be as good as the human creating it. The old adage is true,garbage in, garbage out.
There are ways in which humans can outperform and that’s mainly with subjective thinking.
When a particular piece of information doesn’t have a specific outcome attached and lateral or second-degree thinking is needed to understand the implication then you’re better off with a human.
I wouldn’t really worry about this too much because whenever a bot reaches a state that’s fairly subjective it can choose to not invest at all.
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