Mr Goxx, the crypto-trading hamster beating human investors

[NotFuzzyWarm]

As the topic says, so far a hamster is beating the investment odds better than 'most traders' https://www.bbc.com/news/technology-58707641  

The first month was rough. Mr Goxx started on 12 June with €326 (£278), placing an order for Stellar (XLM). One month and 95 orders later, Goxx Capital was down 7.3%.

But as of 27 September, the intrepid trader's career performance is up 19.41%

Wonder what it knows/picks up that us Humans don't. It's doing better than my interpreting the spots on goat innards....

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[wxa7115]

As the topic says, so far a hamster is beating the investment odds better than 'most traders' https://www.bbc.com/news/technology-58707641  

The first month was rough. Mr Goxx started on 12 June with €326 (£278), placing an order for Stellar (XLM). One month and 95 orders later, Goxx Capital was down 7.3%.

But as of 27 September, the intrepid trader's career performance is up 19.41%

Wonder what it knows/picks up that us Humans don't. It's doing better than my interpreting the spots on goat innards....

As weird as it may seem this is not that surprising, I have read several books about trading and in one of them the author made the claim that people worry too much about entry and exit points instead of money management, he made the argument that he could literally become a profitable trader by flipping a coin to decide whether to enter or not a trade as long as his money management skills were tight.

So this could be an example of this, it does not really matter how the hamster is supposedly choosing the coins to invest in as long as the person managing the account is good at money management then they are bound to obtain profits.

[NeuroticFish]

Wonder what it knows/picks up that us Humans don't. It's doing better than my interpreting the spots on goat innards....

Maybe I'm oversimplifying it, but I see the hamster as a true random generator.
Since he's not driven by human sentiments he won't make the usual mistakes derived from greed or panic.

[Maus0728]

Maybe I'm oversimplifying it, but I see the hamster as a true random generator.

Or perhaps not! Although the trading methodology is purely random, particularly in terms of selecting crypto using the wheel and the buying and selling tunnel, we must not forget that there is someone behind the scenes who places Mr.Gox in his "office."

Goxx occasionally enters his “office” (also known as the “Goxx box”),

This means that the hamster could be placed in his office when the market is down and then returned when it is up. But anyways, it is still for entertainment purposes, not a big deal..

[stompix]

Wonder what it knows/picks up that us Humans don't.

Or maybe his knowledge is in not knowing all the news about this and that and not acting based on them?

This means that the hamster could be placed in his office when the market is down and then returned when it is up.

Nope, read the next line.

But Mr Goxx, like a true successful executive, keeps his own hours. The portal between his regular cage remains open except when he needs to stay put for cleaning, so he can clock off at any time.

He can come to the "office" whenever he wants, the decision is up to him, the only true human intervention is probably the coins that were selected for trade. Anyhow this experiment shows that it doesn't really take much to be a trader and to make profits when the market is bullish, as long as everything grows any mammal can make gains, a really painful lesson for people who spend hours every day trading coins end in the end up with the same results or even worse than a hamster.

I bet that if we let him paint a random line on the wall with his nose he will get a more accurate TA prediction than a lot of "experts".

[hugeblack]

Hopefully Mr Goxx is right, I invested $1000 in that currency last year, it didn't grow well this year so I need a lot of luck to make some profits.
Such news is loved by newspapers and attracts a lot of reading, and some indirect interventions may be made to increase followers and make the news hot, but it should not be taken as investment advice.

If he does not beat human investors, this headline will have no meaning.

[davis196]

So basically some "attention whore" decided to attract some attention and get in the newspapers by turning a hamster into a cryptocurrency trader.Great job,that guy received his 15 minutes of fame.
A hamster(or any animal) doesn't know what he's going and can't make any rational decisions.
I really doubt that the trading decisions made by this hamster are purely based on luck.Even if they are,then what's the point?Proving that crypto trading based on pure luck and guessing is better than crypto trading,which is based on technical+fundamental analysis and trading signals?Yeah,that would be an interesting experiment.

[NotFuzzyWarm]

So basically some "attention whore" decided to attract some attention and get in the newspapers by turning a hamster into a cryptocurrency trader.Great job,that guy received his 15 minutes of fame.
A hamster(or any animal) doesn't know what he's going and can't make any rational decisions.<snip>

Hmm, sounds like someone is miffed that the hamster is possibly a better trader than they are?

[rhomelmabini]

I wonder if there will be out of top 100 market cap coins/tokens on the choices or simply there will be 1000 other choices. The hamster might just pick it by luck, just my two cents. This rodent experiment is just for show and I even read an article that it was being compared to Warren Buffett and that was hilarious, not to defend the conservative lad but it just doesn't make any sense comparing with because the mentioned lad focus on slow but surely profit.