Robot Day Traders Beat Humans
New evidence shows that software robots make better stock traders than humans, not only able to see the "big picture" on pricing, but also more sneaky about dumping loser stocks. In a trial, IBM showed that, on average, software made seven percent MORE CASH than human traders.
New Scientist: How bots can earn more than you
The Raw Feed: Latest Job Taken By Robots: Day Trader
New Scientist: How bots can earn more than you
The Raw Feed: Latest Job Taken By Robots: Day Trader
posted by Prospector at
2:06 PM
1 Comments:
As a professional day trader, I totally believe this finding. I'm surprised it's only 7% better. There are certain rules that every day trader knows and which could easily be programmed. The difference is computers won't lose their shit when things aren't going well and throw all the rules (along with their mouse and keyboard) out the window as humans are wont to do. So why don't I write such a program? I dunno....I don't feel like it. If I wanted to program I'd have a real job.
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