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Author Topic: Which is more profiting self trade or AI  (Read 855 times)
Odusko (OP)
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July 17, 2023, 08:10:15 PM
Merited by fillippone (1), CryptoGirl_200x (1)
 #1

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?

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July 17, 2023, 08:17:27 PM
 #2

Will you prefer to trade with AI or you prefer to do the trading yourself?
I prefer to trade myself. I have not used bot or AI bot to trade before. Some people can try AI if they think it can work good for them, but as for me, I see no reason to use AI and I trade myself. I minimize my risks and I prefer to earn little which makes my trading plan not to be very risky.

In trading, some people use bot it AI bot to make things to be more convenient for them in trading but the traders analyse the market themselves and have trading plans. Some people use AI to trade to make profit, but AI can fail or may not fail, just like humans.

The best that you can do for yourself in trading is to learn it and know how to trade yourself, even if you will use bot or AI bot or whatever they are called.

What I have seen more about trading are bots, not AI. But AI can be used in learning trading.

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July 17, 2023, 08:43:51 PM
 #3

Trading with myself is much controllable than with the use of AI. Since it's like that the use of AI in trading is still not that much taking the attention of many, it's the whole thing that's going to trade for us, right?

There are already bots out there but it doesn't have a huge difference from trading manually. Well, for those that have been used to it, they can also prefer to use AI if they're able to get used to it as well.

And for a trader that casually trades, whichever makes the most profit, there you should go so that you're able to see the goodness out of it because there are people that are not seeing it.



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July 17, 2023, 09:02:16 PM
 #4

one will you prefer if AI is proven to be effective.

Let's not put hope on what is not, AI cannot be that effective for use in trading, if it occurres to be effective then it will definitely not last by any chance, come to think in this way, how we could have see many traders making use of AI for their trading if it's that effective enough to be trusted for a maximum result.

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

The best option is to learn to trade by yourself, you cannot compare how you will think or reason to how a bot will perform his own research analysis for your trading and you have no option than to have what it gives, though most of the AI bots started well but fail along the line especially when you over used them.
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July 17, 2023, 09:32:38 PM
 #5

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?
If I can trade very well, I see no reason why I will trade with AI, I don’t have to trust a bot with my money when I know I can do it myself and make profit. People might be trading with AI and be making profit, but we don’t know what will happen in the long run, incase if the AI fails you will be losing all your money both the profit and the capital that you have made, and you will have to be starting from the beginning, I will not recommend anybody to use AI to trade, even if you don’t know how to trade, I will recommend you seek for knowledge on how to trade and learn to do it yourself than using AI to trade. When am trading on my own, I can easily control my lose, but when using AI errors can happen at any moment and everything you have been building is gone already.

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July 17, 2023, 10:56:37 PM
 #6

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?
Doesnt need to choose if you could be able to have both things on which you could make use of those AI trading results or recommendations on which you would be just simply snipping out those idea and would be applied into your manually made out such analysis which i would really be seeing for it to be ideal and much worth rather than on fully trusting up AI trading. Also you wont really be having that feeling of regret on the time
that you would be losing a certain trade on which you would really be having that kind of acceptance rather than on having a negative result on making use of AI then it would really be giving out that kind of annoyance
on what happened and you would really be promising that you wont really be using it up once again. Profitable? You could always be making up that comparison in between because not all would
really be that satisfied as long they could be able to experience for themselves in regarding the result. You would be able to find out on which one does really fits on your taste.

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July 17, 2023, 11:35:29 PM
 #7

Will you prefer to trade with AI or you prefer to do the trading yourself?
Definitely trading by myself.
AI is just overhyped, and some of those bots don't even use any form of AI. It's just used to hype up people to buy the bots. If AI was perfect and flawless. Do you think the developers would sell it, knowing that they could mint unlimited profits using it? I guess not.

Another question, What happens when over 90 of traders use AI to trade? Who will win? Who will lose?  Grin

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July 17, 2023, 11:48:16 PM
 #8

Will you prefer to trade with AI or you prefer to do the trading yourself?
Ain't argue with anyone that for me AI is a good tool for trading but that's only a tool for trading, of course, you made yourself decide and analyze the market condition and don't fully rely on the auto trading bot.

The first benefit of using a trading bot could be to monitor the market 24/7.
Unlike humans, bots can continuously monitor the market without the need for breaks or sleep and they can analyze market data, news, and indicators around the clock, allowing for timely responses to market movements and ensuring you don't miss out on trading opportunities.

So what I mean, using this bot makes your trading activity more efficient.
It all depends on your knowledge and skills even though there's an AI or not.

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July 18, 2023, 01:56:38 AM
 #9

Doesn't trading with AI require you to actually train the AI? Unless you're using those shams where you just click one button to run the AI then you're pretty much 100% idle. AI should just be some sort of companion for your trading, not something that should 100% takeover.

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July 18, 2023, 02:02:03 AM
 #10

I haven't tried or seen trading using AI-only bots, but for sure, when it comes to entries, you don't have control over them, and maybe they made some false entries. For now, I would prefer my self in trading and having those years of experience on it, but I do also want to try the AI one just to see how it works, but again, for sure, those AI are just based on your inputs, so still, you do have some knowledge on trading as well as established trading strategies.
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July 18, 2023, 04:57:18 AM
 #11

That depends, if the capabilities of AI far exceeds my performance when it comes to trading, why not give a try? I mean if it gives out the results that it promises to deliver then I would choose AI any day but if it falls short to the point that I can imitate the performance and my results are close to it's results then I will just opt out to do the trades myself. Regarding my stance on using AI for trading, that's just me though, I'm not saying that if the performance exceeds yours then you also should use it, I just like saving time and if the trading AI helps me do that then might as well do it with performance in mind.
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July 18, 2023, 04:58:25 AM
 #12

Here is the deal I see with AI.

There is not enough evidence that they are profitable in the long run. So far its been a fairly bullish market and its easy to make money in bull markets.

Second issue is that even if AI is very profitable. Way too many copy traders will use them and they will become saturated and won't work anymore because that is not how markets function. Markets cannot function if everyone makes money. So the trades will be front run and most likely reversed by institutions who know people will rely on AI for trading signals.

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July 18, 2023, 05:14:44 AM
 #13

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 prefer to trade on my own by using the AI. yes, you heard right we should not totally depend on AI to make trades on your behalf and expect profits from them. Because, that's not how AI works. Of course you must have tested some which are dedicated for crypto knowledge and past patterns.

But they are only programs which works on the programming made by any person (that person might not be a good trader but he will get an help from a trader to create such AI). SO the point is, we should not totally depend on the bots but we should take help of the bots to narrow down our checklist and trades for better results. we could take help from the AI to perform TA and FA.

But we should not depend totally on AI because AI can be tampered and thus you might lose your assets.

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July 18, 2023, 10:24:26 AM
 #14

Will you prefer to trade with AI or you prefer to do the trading yourself?
General knowledge: AI is a self-learning machine, so in situations where it doesn't recognize new chart patterns, it might make wrong decisions a few times. I can't imagine when that happens to cost a huge amount of my portfolio. So, I was worried to let this kind of robot manage my trading.

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July 18, 2023, 12:19:20 PM
 #15

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?

Are you referring to the bot with the automated make-a-trading position and there's a designated stop loss only? If that so you can do this in every exchange because there's are supporting the spot trades and even in futures you can do this thing too but still of course have a manual intervention of the humans but again the same way with the AI. But the main difference is there are no emotions that need to occur in every trade such as being greedy or being hopeful with the position all about the numbers I guess this is the main point. But at the end ideal if there's a manual checking or monitoring if the trades going well or not.

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July 18, 2023, 01:17:01 PM
 #16

I prefer trading on my own rather than using AI. Also, I haven't looked at the AI model traders use to trade because what I see a lot is them using bots to trade. And it's not the same as AI, which can have artificial intelligence to anticipate changing market movements.

But if it is a bot used for trading, I have used it, but the results are not very significant so I just leave it. Using a bot means you have to set the commands so the bot can execute the commands you give. But when the market changes direction, you have to reset everything and it will be difficult for us if we don't have enough skills to use the bot.

But if it's an AI that can set its own targets and follow market movements without reordering orders if the market changes direction, I suggest trying that first. After that, I decided to keep using AI or trade alone. But trading alone means we are trying to improve our trading skills.

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July 18, 2023, 09:31:13 PM
 #17

What fun would it be if we allow A.I do almost everything from taking its suggestions, to considering its opinions, to letting it trade/invest our coins?

What remains to do as humans?. Perhaps we should just go on vacation to Mars and let A.I run the earth for us.
A.i may be one very smart ingenious idea, but it must be put into consideration when using it, that it is still being adapted to suit our environment and is still being studied to ascertain if it is to be restricted or accepted.

For me, self trade is more profitable because I have to have understood it and practiced it, before even entrusting it to A.i with a steady eye on what's happening.

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July 18, 2023, 09:50:06 PM
 #18

Will you prefer to trade with AI or you prefer to do the trading yourself?
I prefer to trade myself. I have not used a bot or AI bot to trade before. Some people can try AI if they think it can work well for them, but as for me, I see no reason to use AI and I trade myself. I minimize my risks and I prefer to earn little which makes my trading plan not to be very risky.

In trading, some people use bot it AI bot to make things to be more convenient for them but the traders analyze the market themselves and have trading plans. Some people use AI to trade to make a profit, but AI can fail or may not fail, just like humans.

The best that you can do for yourself in trading is to learn it and know how to trade yourself, even if you will use a bot or AI bot or whatever they are called.

I agree with you, and I trust myself only when it comes to managing my trading account. Lately, my friend integrated a trading bot into his account, and the same day the bot blew the account, he contacted the person he bought the bot from, the response was that the bot malfunctioned and that taught me a massive lesson, I'm not interested in anything trading tools like AI or bot to trade my money.

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July 18, 2023, 09:57:36 PM
Last edit: July 18, 2023, 10:27:49 PM by AmoreJaz
 #19

I prefer trading on my own rather than using AI. Also, I haven't looked at the AI model traders use to trade because what I see a lot is them using bots to trade. And it's not the same as AI, which can have artificial intelligence to anticipate changing market movements.

But if it is a bot used for trading, I have used it, but the results are not very significant so I just leave it. Using a bot means you have to set the commands so the bot can execute the commands you give. But when the market changes direction, you have to reset everything and it will be difficult for us if we don't have enough skills to use the bot.

But if it's an AI that can set its own targets and follow market movements without reordering orders if the market changes direction, I suggest trying that first. After that, I decided to keep using AI or trade alone. But trading alone means we are trying to improve our trading skills.

i believe the success of your trading when you deploy AI is the same as with using bots. it depends on how you set-up your AI. it won't work alone. you still need to do something, like code them to start working, right? it is not just creating your username and password here. there's more than meets the eyes in this type of trading.

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July 18, 2023, 10:52:06 PM
 #20

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 think self trading is better because Despite improved efficiency, AI trading systems are still susceptible to market risks.

Lack of transparency: Some AI systems use complex analysis and strategies that are difficult to analyse.   

Data bias and outfitting: AI stock trading depends on the data used in it. The quality of the outcome is only as good as the data fitted into the system.

Lacks human oversight: The system executes trades depending on predefined rules, which may fail to recognise sudden market turns, leading to massive errors.
Over-reliance on historical data: The system relies heavily on historical data. Hence, the model may not work efficiently if the market condition has changed drastically.
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