"... i'd get in now before it gets overtaken by high frequency algo trading.
Is it a commonly accepted viewpoint that this is happening? Thinking about it I'm actually surprised the bots haven't already taken over. The only reason bots aren't a bigger problem in poker is because they are relatively easily detected and gets banned. Correct me if I'm wrong but I don't think any exchanges have banned nor have any interest in banning bots. The right algorithms can certainly beat most games with 4+ players at the table and I'd say they are further from perfect information in poker vs trading - do you agree?
in trading, i'm more worried about co-located high frequency trading, not simple algorithms. in other words, bots that have far superior time lag considerations and can front-run regular traders (and the bots they run) on virtually all trades made on the exchange. the exchanges are crawling with bots today, but they are still very much beatable.
i suspect that ledgerX and future bitcoin etfs will be much harder to beat for intraday traders. so, like stock trading and forex today, we'll just have to zoom out and trade the longer time frames (4-hour to 1-week, rather than 5-min to 1-hour, for instance)...
..as far as book recommendations, i can only offer "Bollinger on Bollinger Bands."
this gives a good taste of what i mean by classical charting techniques though:
https://twitter.com/bbands/status/888432347736965120
this gives a good taste of what i mean by classical charting techniques though:
https://twitter.com/bbands/status/888432347736965120
Thanks a bunch. Read through the article on now working my way through the book.
Also thanks to the rest of the comments. Is there a way to thank/like comments btw?
nope. we're just an old school forum here. welcome, by the way.
