Topic: Which is more profiting self trade or AI - page 2. (Read 931 times)

We were able to earn from the way we traded in real life with no AI needed. Although in today's era, many things can be done using AI, it is difficult to say how much cryptocurrency trading can improve this equation. But with AI I think cryptocurrency trading business cannot be very profitable because this ai will not make very good predictions. We don't really need AI as we have thrived on our own skills when this AI wasn't used. However if proven to be effective in cryptocurrency trading many would use one but I wouldn't like it. Because I will not trade using AI but I will trade in real life with the aim of gaining my own knowledge and experience in the future.

We should not be too much dependent on AI for all the uses especially in trading where you need to make decisions based on the current market conditions and computers might mix up things sometimes which may work in opposite directions to what you have expected.So for me self trading is best although you can use some AI tools to gather information and put commands to get some results but then do self trade with all them combined information.

True, no one would be ever tending to share up if ever they do something which does works because it would really be just normal that it would really become saturated on the time that it would really be known.

This is why on realistic approach then neither it would work or not, then it would really be basing up on someones real experience or engagement whether they would really be applying that AI on their trades or not or
simply sticking with manual or self trade which it is really just that normal that there would really be that kind of impressions towards changes or finding out new methods or ways which they could really be able to
be that advantageous but on the sense that there are ones who do pushes out something just because they do believe that it works before they would really be experiencing those huge losses and errors because we know that it cant just that possible that there would be something that gives out that higher chance or profitability in trading world or career.

You would be finding yourself that profitable if you done things well but if not then you would experience the opposite and this is why lots of variations and combinations would really be applied
out even other people do already come or believe into those kind of impossible approaches.

If anyone can, or has already been able to, adapt AI for profitable trading, then this will remain a secret from ordinary traders, since it will become a gold mine and, in fact, an endless source of passive income. I don’t know if this is possible, I assume that this can be achieved if AI is made self-learning, but everyone who understands the danger will in every possible way prevent this.

Because a self-learning AI will most likely not be interested in trading, or it will subsequently use it in some way for its own purposes.

I think taking advantage of the improving technologies is not that terrible, just do not let it be the only thing that you try to make a profit from. Just to give an example, tradingview is a tool you can use to make a profit, you use the charts and make lines and you try to make as much profit as you can.

However, if you just go there, pick one indicator, and trade based on that forever, you are going to end up losing money. If you end up learning how to use it though, learn how to trade, then that tool becomes a thing you could profit a lot from as well. I believe that it would be smart idea to keep doing it that way instead of just letting it be. Use it, but also learn how to trade to use it better as well.

yes Selftrade is always been a choice if you are a trader hahaha. AI word is everywhere tho if AI is really made a huge profit the news will all over the place and people will start using it now. Tho I hope in future there is AI who made a prediction but only we the human can trade it. So the Ai work as a tool or other indicator but only we can decide that the trade.

AI technology has been growing but yes, it won't beat us especially if we are in trading for many years and already have a success story. It might be good at trying to assess how it works and to see results but just like you, I was not really convinced that AI is better than us in trading, maybe in some other areas. As long as we can do good in trading and still earn, I don't think we need this AI because the truth is that this technology is still reliant on us traders. What we command is also what they have followed. So why we should buy it instead of doing it personally?

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.

No, there's no loser if you are more comfortable in that method. Because why would you stake your money then rely on AI that there's still a chance of unsuccess result. I think it's still better to use your brain and emotion especially if you can handle it or control it, Why? If you would rely on AI sharing some profits, you wouldn't learn from your experiences. It's just a win-win situation for you as long as you know how to manage your assets. If you profit on your own using your skills and techniques well that's good which means it's actually working. But if you lose you could learn from your past mistakes and use it as your personally growth. Like your first losses your emotions of course worsen that might impacted your next trading but for sure you've managed to control it.

Self trading remains number one for me personally because trading requires the human mind to determine when to enter and exit.
AI bots are only used to find out which coins have more potential to be bought or sold.
Do not use AI in full without the supervision of a trader, because AI may make mistakes in executing. however the circumstances Slelf trading is the main advice because we will also learn how to make good trades.

For some reason, I preferred to keep myself on live trading rather than watching an AI do it as I don't consider myself a loser. It is maybe because I can handle managing myself and am able to control my emotion. But it was not just like that because I wanted to learn more and engaging more on the market will help a lot of us. Now, if we think that AI is more capable than us, then I believe these developers will focus on trading rather than selling it to the community knowing that this technology could make them rich. But they don't because no matter what we use, losses is still possible.

A trader always tries to find out how they can profit from trading. But which one is good self-trading or AI trading those completely depends on various factors. By analyzing different situations, I think that both are suitable. AI usually gets quick signals about market trends and can analyze data quickly which is not possible in short time by humans. Emotions do not work in AI so they can trade in the market with disciplinary manner. Since trading sometimes involves geopolitical and economic issues, a human can analyze that which is not possible with AI. In any complex trading activity, a human trader can exercise caution and make sound decisions. Such decision cannot be taken by AI trading.

Yes, it's true that a lot of things happened outside of what we planned.
Personally, I don't trust robots, because I believe there must be gaps or something that will be very detrimental to us, therefore I choose self-trade over AI, even though there are many indicators that must be studied, but I think it will be much more profitable in the future with knowledge and our experiences.

Wow. That's a quite interesting feature. However, I'd prefer trading myself, AI cannot make everybody successful, however your knowledge and skills definitely will make you successful. AI is a great tool, but nothing more.

I dont know but before AI hype like now there is dozen of Robo Trading that can buy and sell when all the parameter is match, But I dont know it seems there is no bot can create such a huge profit although if there any I would join 

But one thing is sure that the market is highly unpredicted maybe AI can feed multiple technical indicator but one or two news can disrupt the trading decision

AI trading will stay forever because of the innovation of the technology and it keeps improving over time, so it will say as long as there are still newbie people wanting or availing of it, but again, I don't want an AI to do the trade on me. Just take an example: you'll have a chance to become artistic by learning graphic design or photo editing online, but because you are a newbie and want a shortcut, you'll just use AI to generate it, meaning you'll be so dumb that you don't develop your skill and just rely on AI, and in the long run you'll suffer, so it is better to learn and rely on yourself.

Note that AI trading can never be forever reliable so I have to focus on self trading in order to develop more of my abilities and skills in trading. Although beginner traders might find it more appealing and impressive to use the AI trading but simply because most of the newbies these days want to take shortcuts in trading to achieve instant profits. And they believe AI can do that, not realizing that it’s also not perfect and has its own flaws.

indeed the decision itself is far better than we entrust to AI. in trading science there are 3 categories that must be mastered, analysis techniques, money management and psychology, and I think AI only has both of them apart from psychology, even though it is psychology that is the determining factor in success in trading, even though it is difficult to master, but with us practice continuously then over time it will be honed by itself

I don't rely on any trading automation to decide any trading setup for me whether AI, EA and Robot none of them is used to execute or predict market for me, I believe in trading manually basically using candlestick patterns and Price Action, I am not condemning those trading tools because it might work for some traders, however I do trade by myself because I believe those tool especially AI can be a distraction because of the trading signals generated might counter my own trading setup in view of that I only concentrated on my own decisions which I strongly believe is the best option in trading.

I have not seen anybody trade with AI and come out in the open to say they are profitable,which is unfortunate! But one of the advantages I adore from trading with a bot is that you are guaranteed that no emotions will be involved when trading and if a trade is a winning trade be rest assured  that no premature profits will be taken and the trade will hit full take profit.

But then again, bots follow instructions as coded and never look at market conditions which is the unfortunate part that could save you from loses or make you lose..but going by my preferred way of trading of trading by myself, emotions could be there but as long as I follow a rule based way of trading I believe I stand a good chance of surviving the markets and make myself a profitable trader..