Post
Topic
Board Trading Discussion
Re: Bot trading domination: Time to panic?
by
Distinctin
on 22/01/2020, 13:19:15 UTC
There is nothing to panic about the bots dominating the market because as long as you know how to read the candlestick chart and you know how to read the patterns and interpret them into a decision making factor then you will be all good in the field. Bots are created because they have strategy in their mind and that is what you should also do, you should have a strategy in your mind and execute it manually so you will be more skillful than them.

Knowledge isn't the only problem in this regard, but also time. You can't outrun bot speed in term of trade execution. But I agree that no need to panic cause human is smarter and wiser than bots.
Maybe we are but looking at how these bots outrun us in trading, we can say that it seems to be surpassing us in speed and accuracy.
Yeah, it never sounds panicking but what actually bots have done to the market, it gradually changing the system in trading. And most likely it comes to the moment that we no longer trade manually but traders will just depend on bots.