Which is more profiting self trade or AI

gunhell16

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Quote from: JeffBrad12 on September 11, 2023, 10:52:00 AM

Honestly current gen of AI i don't think is sufficient enough for containing some strange market movements, basically its only good for textbook chart pattern but more than that I doubt it will make best decision out there but of course any strange movement is identified movement in term of chart pattern and eventually gets identified by AI that did self learning.
I think it needs time until AI truly become capable for this kind of task, but until then its always better to make some double checking in regard of the analysis, maybe these AI can be a good pointer to point out which pattern a chart is currently making and then you could simply proceed with your own analysis, this hybrid utilisation of technology is best at early phase like this.

It's true what you mentioned, dude; it's different from what we actually feel and experience doing natural trading here in cryptocurrency. In self-trading, we can more easily understand if there is something wrong with our strategy. And besides that, in the actual trade that we do ourselves, our thinking is sharpened on how we should improve as individual traders.

Compared to AI, there is nothing like that. How can we say that using AI if we learned from the wrong strategy we used and didn't feel that we made a mistake? This is the difference between the two.

Most of them, for sure, prefer self-trading because it has been tested by previous trading experts.

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Quote from: gunhell16 on September 18, 2023, 09:26:34 AM

Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

Maybe the AI system is effective in other things, but when it comes to trading here in cryptocurrency, I can say that it is not effective. Because I honestly think that AI trading and trading bots are almost the same and there is no difference. I'm not the only one who has said this in the crypto space; there are many. I just don't know if the OP notices that or not.

But I also can't deny that AI is expanding in these times. Even the latest that I found out is that there is AI livestreaming where you can earn a large amount of money, but it seems like the job is killing you because you are being made into a robot by viewers who will throw stones or give you gifts.

No accurate system or AI thing has been develop so this will never guarantee anything to us for now. But since as we know that AI technology is expanding then maybe in future we can see that AI became a useful tools for traders. But for now traders especially those newbies should not look for any profitable bots since they will just end up in the hands of scammers.
Self trade is the most efficient method that can help us to earn we just need to be active for noticing the changes of the market and everything will be fine with that us especially if we are planning to make trading as a career.

gunhell16

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

Maybe the AI system is effective in other things, but when it comes to trading here in cryptocurrency, I can say that it is not effective. Because I honestly think that AI trading and trading bots are almost the same and there is no difference. I'm not the only one who has said this in the crypto space; there are many. I just don't know if the OP notices that or not.

But I also can't deny that AI is expanding in these times. Even the latest that I found out is that there is AI livestreaming where you can earn a large amount of money, but it seems like the job is killing you because you are being made into a robot by viewers who will throw stones or give you gifts.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

Recently I have seen more topics like this, basically everyone is interested in AI. Artificial intelligence will certainly help and benefit trading. But if someone here tells me which option you will choose AI trading or self-making trading, then I will tell him that your question is absurd. Because no people can do AI trading without technical and fundamental knowledge about trading.
He must gain knowledge about it and then take the support of AI. Big industrial tech companies have started using AI in this way. I think our misconception here is that AI will automatically make us trade with profit.

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Quote from: Questat on September 10, 2023, 06:26:19 AM

Maybe you're right because not all responders have experience with AI trading, they just know it from others. It is not necessary to believe them but just let your experience tell the truth. Besides, either of the two, the results will depend on the trader because AI is programmable, and if the user doesn't have deep knowledge about trading, it never makes sense to use it as well.
I would say that to choose what we think is best for us, we can choose them both if we want.

AI bot has no need to consume time of trader because they utilize their own learned strategies but it is also necessary that trader must get the knowledge to do setting of trading bot because if setting become wrong then result will also be wrong.

Proper setting is a key to use AI bots and it can only be possible when the person is expert trader otherwise not every person can use it.
AI bot can only use information which is incorporated in it for proceeding the trade therefore to avoid risk of doing mistakes traders should learn himself and then use his pure knowledge in trading.

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Would you prefer to entrust your trade on an automated robot that doesn’t even know what the future will be for trading market? I supposed no because robots will never feel and can’t predict what the future it’s like most especially for a very volatile market. That’s why I don’t see it reasonable trusting AI over self-trading. Although there might be recorded success for AI at some point, but it’s only lesser when you compared it to self-trading. Trading on your own will not only give yourself the chance to improve your trading skills and strategies, but it also creates higher rate of success because of your trading experiences in the market.

JeffBrad12

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Honestly current gen of AI i don't think is sufficient enough for containing some strange market movements, basically its only good for textbook chart pattern but more than that I doubt it will make best decision out there but of course any strange movement is identified movement in term of chart pattern and eventually gets identified by AI that did self learning.
I think it needs time until AI truly become capable for this kind of task, but until then its always better to make some double checking in regard of the analysis, maybe these AI can be a good pointer to point out which pattern a chart is currently making and then you could simply proceed with your own analysis, this hybrid utilisation of technology is best at early phase like this.

Best-mary

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

I believe that no one is inherently 'bad' when it comes to trading; everyone chooses the approach that works best for them. Some prefer to trade independently, while others opt for 'copy trading,' where they follow the strategies of successful traders. Additionally, there are those who use trading bots to automate their strategies.

Interestingly, if you observe the comments and experiences of traders, it becomes evident that each method can be successful in its own way. Moreover, within the realm of copy trading, there are advanced options, such as bot-assisted copy trading, available on certain exchanges.

Patrol69

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Trading is much safer and more profitable if done correctly. Trading based on AI technology remains a financial risk. Whether it is profit or loss I think trading should always be based on self. AI technology incorporates certain systems according to which AI trading basically works. If there is a need to read something outside of the specific system, AI technology cannot do it, but if you trade by yourself, you can do any work required for trading.

Where it is foolish to rely on others for trading, it is even more foolish to rely on AI technology for trading. Everyone wants to grow their money so we cannot rely on technology to grow money. We have to use our brains and then try to increase our money.

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Quote from: Aanuoluwatofunmi on September 10, 2023, 09:31:16 AM

permit me to say this that maybe people should be allowed to have an experience of the two categories of trading with using AI or by using their personal abilities and acquired trading skills with experience, then later they would have seen the difference and decide on which to use and go for each time they are on it, i know that there's no perfect way we could explain or inform people more better than they having the experience themselves and choose the best they see is more profitable for them to always use, but i know of it had been that easy and softly with the use of a trading bot, everyone would have love to have it as their preferred choice.

Whether it's good or bad, a personal experience will provide a good lesson for the future.

Trying to do manual trading with the knowledge that has been mastered will provide independence in conducting technical and fundamental analysis, and will train the psychology of trading well.
So that if faced with unfavorable market conditions will have decisions that tend to provide solutions.

The use of AI trading bots is not wrong, it is only as a second option for ease in trading and eliminating trading emotions.
Taking the high road, I will choose to try and use them all if needed.
The combination of AI and manual will result in better trading rates if you know how to manage it.

Aanuoluwatofunmi

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Quote from: Questat on September 10, 2023, 06:26:19 AM

Quote from: ?? on ??

There is no definitive answer as to whether self-trading or AI trading is more profitable, as it varies from case to case. Both have their advantages and disadvantages, and success depends on how well they are implemented and adapted to market conditions.

Maybe you're right because not all responders have experience with AI trading, they just know it from others. It is not necessary to believe them but just let your experience tell the truth. Besides, either of the two, the results will depend on the trader because AI is programmable, and if the user doesn't have deep knowledge about trading, it never makes sense to use it as well.
I would say that to choose what we think is best for us, we can choose them both if we want.

permit me to say this that maybe people should be allowed to have an experience of the two categories of trading with using AI or by using their personal abilities and acquired trading skills with experience, then later they would have seen the difference and decide on which to use and go for each time they are on it, i know that there's no perfect way we could explain or inform people more better than they having the experience themselves and choose the best they see is more profitable for them to always use, but i know of it had been that easy and softly with the use of a trading bot, everyone would have love to have it as their preferred choice.

khiholangkang

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Quote from: Questat on September 10, 2023, 06:26:19 AM

Quote from: ?? on ??

There is no definitive answer as to whether self-trading or AI trading is more profitable, as it varies from case to case. Both have their advantages and disadvantages, and success depends on how well they are implemented and adapted to market conditions.

Maybe you're right because not all responders have experience with AI trading, they just know it from others. It is not necessary to believe them but just let your experience tell the truth. Besides, either of the two, the results will depend on the trader because AI is programmable, and if the user doesn't have deep knowledge about trading, it never makes sense to use it as well.
I would say that to choose what we think is best for us, we can choose them both if we want.

Practically it is true, we depend on how well the two are used and applied to the market, but this will not apply to the long term, and you will only depend on AI if you use it continuously, of course it's a bad thing , and again if you want more services than tools on machines, then you will be charged more to make their special service subscriptions, but trading that is done may not be able to get the results as expected.

I do not have a trading experience using AI, but I understand how the impact if you depend on using AI, after the AI you use can not give any more results in the trade, that's where you will become stupid because you cannot do trading activities.

Questat

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Quote from: ?? on ??

There is no definitive answer as to whether self-trading or AI trading is more profitable, as it varies from case to case. Both have their advantages and disadvantages, and success depends on how well they are implemented and adapted to market conditions.

Maybe you're right because not all responders have experience with AI trading, they just know it from others. It is not necessary to believe them but just let your experience tell the truth. Besides, either of the two, the results will depend on the trader because AI is programmable, and if the user doesn't have deep knowledge about trading, it never makes sense to use it as well.
I would say that to choose what we think is best for us, we can choose them both if we want.

mvdheuvel1983

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Self trade is better than AI trade. Just as formula 1 race care driver wouldn't want to let To drive for him or her , I think that so it is with trading. I am not saying that there have not been any wins made by trading bots. I acknowledge that but I am saying is that do not give 100% control to some trading bots.

If I ever want to use trading bots, it will be because I want to test its efficiency on the trading platform. Apart from this , my thoughts is to self trader 99% of the time.

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Quote from: JunaidAzizi on September 09, 2023, 01:46:35 PM

Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

To trade yourself or to trade with AI is your personal decision and there is nothing right or wrong but however we can guide you to what you use for better results.

If AI is productive by proving and giving you more profits than trading yourself then I suggest not stopping using it. AI can process a large number of data and has the ability to identify the patterns that you cannot but AI is not believable its not perfect and still makes mistakes and important thing is that it has the risk of hacking or manipulated.

So according to me Do yourself that at least have no risk of manipulation or hacking.

Yes, you could really be able to test both and find for yourself on which one would really be that looking interesting or something that could bring out profits or simply that effective on your part. We cant really able

to make up some conclusions or recommendations since we do have different type of level when it comes to experience/skills/knowledge/luck when it comes on dealing up with things.
This is why it would really be that so understandable that results or outcomes would really different to each other on which it would really be just that really depending on you on which one
suits out. This is why it would really be that so important to find for yourself which one or path you would be taking on.

For me, then its better to self trade rather than on making yourself depending on AI. Why? Nothing beats out on doing manual trades which at the same time you would really be making
yourself that able to acquire skills and knowledge which would really be enhanced even more which it would really be that so beneficial on longer runs. If you do have
plans on enhancing skills and knowledge then this is the best path that you could take.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

To trade yourself or to trade with AI is your personal decision and there is nothing right or wrong but however we can guide you to what you use for better results.

If AI is productive by proving and giving you more profits than trading yourself then I suggest not stopping using it. AI can process a large number of data and has the ability to identify the patterns that you cannot but AI is not believable its not perfect and still makes mistakes and important thing is that it has the risk of hacking or manipulated.

So according to me Do yourself that at least have no risk of manipulation or hacking.

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Quote from: Bushdark on September 09, 2023, 11:57:02 AM

Using artificial intelligence can be very profitable to us of we know the right tool to use and how to utilize the market in a way that will help us to trade the market with better profits. Self trading is good and that is what we all should develop ourselves for and not to be looking for a quick way for us to trade the market to earn when we are not ready to develop ourselves in a way that will help us in the future. Artificial intelligence cam help us to make fantastic profits from the market.

Using AI to make profit? do you believe that a robot will gives you how to trade and you will make profit frimy it? AI is best tool to learn basic and finding best possible strategy we could apply in our traditing. we can learn about dangerous step which could lead to loss but we. cannot use AI to tell us which coin is to buy now and when to enter and exit. Crypto market is Decentralized and many factors has effect upon market. Trading gives us profit in a situation when we have experience about market volatility in different time(bull, bear, sudden pump and dump, bad news about btc). I think self trade is hundred percent more profitable than AI in the trading and I myself wil never use for AI for trade purpose.

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Quote from: Sanitough on August 10, 2023, 04:17:48 PM

Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

AI has been making trades easier right now, but as you’ve said it’s still a new thing, so it cannot be reliable and sustainable in the long run. That’s the reason why self-trading is still the most advisable way to trade and be in profits. Besides, you can’t just easily entrust your money simply in a robot and expect to double or triple your capital. The trading market is never certain and is always unpredictable, so it’s hard to anticipate trading with AI will definitely end up in success. Yes at some point it can be profitable, but most of the time self-trading will always be the most reliable method for trading.

Using artificial intelligence can be very profitable to us of we know the right tool to use and how to utilize the market in a way that will help us to trade the market with better profits. Self trading is good and that is what we all should develop ourselves for and not to be looking for a quick way for us to trade the market to earn when we are not ready to develop ourselves in a way that will help us in the future. Artificial intelligence cam help us to make fantastic profits from the market.

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Quote from: mirakal on August 04, 2023, 04:32:27 PM

I will always chose self trading because I know in trading, there’s no one you can trust but only yourself, not the other people, not literally the robots online. And I want to be a good and successful trader in the making, therefore I should find ways on how to improve myself and be the best version of a trader to achieve my targets in life, not just financially but mentally and emotionally as well.

That is for sure, trust and inability to maintain profits merging have been the major challenges with third-party trading such as trading bots or AI, These two trading tools have become popular in recent times, but it has been revealed severally both in most comments in this thread and other trading related discussion topics that trading by self is far more better and secured that trading with a both or AI because a lot of those bots have failed in several ways and accusations that have made them not to be the best choice for trading.
And since most want to self-custody their trading capital, they rather stick to the rigorous process of self-development in trading no matter how long it takes them to achieve such success.

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Quote from: Odusko on July 17, 2023, 03:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

AI has been making trades easier right now, but as you’ve said it’s still a new thing, so it cannot be reliable and sustainable in the long run. That’s the reason why self-trading is still the most advisable way to trade and be in profits. Besides, you can’t just easily entrust your money simply in a robot and expect to double or triple your capital. The trading market is never certain and is always unpredictable, so it’s hard to anticipate trading with AI will definitely end up in success. Yes at some point it can be profitable, but most of the time self-trading will always be the most reliable method for trading.

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