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Author Topic: Which is more profiting self trade or AI  (Read 853 times)
ultrloa
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July 18, 2023, 10:56:06 PM
 #21

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?

AI doesn't guarantee you anything since it cannot predict the real time event so most provably it will just give you a hint on what possible trade you want to do, but that doesn't mean you can get sure profit as still needed to trade for yourself so try to just make this as another source of information then also do your own deligence upon trading.

Don't hook up with AI thing and rely this technology on your trade search for more information and base your trades on current event also with the chart you are currently trading since technical analysis still the best that those AI.

R


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July 18, 2023, 11:03:52 PM
 #22

AI are good for trading based on text book guides, it'd definitely make decision in an instant based on the general known knowledge in regard of trading with something like candle and chart observation but honestly when it comes to knowing external factors that could heavily affect the overall trades in general and also could change the tide of the market i think thats where the AI in general fall shorts.
but then again that could be simply solved by using more complex AI and overtime AI will just grow more and more since the parameters are increasing overtime.
i'd say honestly you should have both, trading accompanied with AI and your own thinking would be very great honestly, you just instantly get some text book guides appearing by the AI so you don't need to memorize the pattern and you could focus on the external factors that might affect the whole markets.

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July 18, 2023, 11:35:31 PM
 #23

AI I am not sure how AI will deal with the market situations currently we are having a tight range movement in trading, Personally, I have no experience with AI Bots, as I haven't experienced it. I think a human brain can better create and manage the strategy as compared to AI. Bots are good but in specific kind of circumstances.

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July 18, 2023, 11:38:51 PM
 #24

Never in my trading experience have I let a bot do the work for me, I always do it manually and I'd like it to stay the same.
Trading is already boring in the long run, why make it more boring by giving the workload to an AI or a bot? I mean, that won't make sense at all. Perhaps, this will work for others who are busy with something else but for me, I like being hands-on with it. And I think that also helps me to check the everyday prices of every cryptocurrency in my portfolio. IMO, having a bot might make me lazy and I don't want that to happen while I am still young.
I guess it became my daily habit and that's one of the joys that I could get instead of letting a thing like AI handle it. There's so much good it could bring by handling it yourself and I bet many are still doing it, especially those who started and make profits by trading manually in their early stages.

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July 19, 2023, 02:52:22 AM
 #25

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 have never been a fan of trading bots, even if there is a model that uses artificial intelligence for trading, I would still prefer doing it myself because I will obviously have more confidence making the trades myself instead of an AI-powered bot that might be mostly accurate but can always face an issue or might not take the decisions the way a human can because AI doesn't have the ability to think the same way as a human does.

So it is much better to learn everything about the market, how to do analysis, how to do research, how to choose a coin to trade with based on the conditions and market movements and do your trades manually to avoid taking any risk since you can always double-check things yourself.

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July 19, 2023, 03:40:43 AM
 #26

AI technology is created by humans, AI technology is not smarter than humans. The system that has been introduced in AI technology is specific, that is, outside of its system, but it cannot work, but the human brain has no specific system, the human brain can do everything. Since you are a human then why should you rely on AI technology for trading where AI technology is created by humans. Try to learn something about trading yourself rather than relying on AI technology for trading. If you know trading well then you can trade better than AI technology. If trading through this technology, AI technology will conduct trading activities based on certain information, AI technology cannot do anything other than that, so you should trade with your own skills, thinking about security and benefits.

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July 19, 2023, 04:49:35 AM
 #27

Will you prefer to trade with AI or you prefer to do the trading yourself?
I don't have a clue how much AI will help increase the results of our trading, meaning it can make our win rate increase because of its use. But for me, trading by myself would be better because AI or bots only help in the implementation because even though using both traders will still need to do analysis, so the analysis is done by myself.
However, if there are traders who are proficient enough to use AI for trading, then that is not wrong, because if there is the technology that can help our activities, then why not use it, especially if you already understand how to use it.

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July 19, 2023, 07:07:35 AM
 #28

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?

    -  This is for your information, if you know the trading bots called before way back 2017, the crypto community in this industry did not pay much attention to it. Now, this year AI started making noise and even today it is still making noise in the crypto world.

But the truth is, the trading bots back then just replaced the trading bot with AI to connect with the crypto community. In short, the trading bot and AI trading are the same, only the name has been changed because this is the trend at this time. Meaning, the natural trading that we do as traders is really different and still much more better than AI trade.

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July 19, 2023, 12:56:42 PM
 #29

Will you prefer to trade with AI or you prefer to do the trading yourself?
Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.

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Aanuoluwatofunmi
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July 19, 2023, 03:19:03 PM
 #30

Maybe it will be good enough to have the experience of both being considered for the benefit of doubts, if one can start with the use of self trading experience with the acquired knowledge and trading skills all put together for the use after one would have developed more understanding on the required trading patterns and Indicators, later you can also decided to engage the use of a trading bot and having both experience, you may decide to go with the one that best fit in for use ultimate experience in trading.

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gunhell16
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July 19, 2023, 03:52:31 PM
 #31

Will you prefer to trade with AI or you prefer to do the trading yourself?
Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.

That's right you mentioned that the trading bot is just lazy or you know, like copy trading as well as the technique and the only difference is the person itself is a copy trade.

It's just that it's even more natural that we do our actual trading ourselves, they say, it feels better that we are the ones who make it difficult for our trading earnings. Then every experience we face trading teaches us to grow further


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July 19, 2023, 05:31:01 PM
 #32

One can try to learn some unknown information about trading from AI technology but AI technology cannot be directly depended on for trading and I will never directly depend on AI technology for trading. AI technology will make human work easier but AI technology will not do human work  human work has to be done by human only AI technology will save your time and take your idea to another level. When it comes to trading there are so many unknown things that we can learn using AI technology, we have to try to know all these things. In the case of trading, we use AI technology and sit safely depending on AI technology, but we will not get success in trading. To achieve success in trading, we need to conduct trading activities manually.

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July 19, 2023, 08:45:03 PM
 #33

reading your thread I immediately remembered the guys who are on the internet saying that it has a bot with the highest technology in it, others say that it has an AI so they soon consider themselves specialists in the market and that is why they are the best choice, just ask people choose the plan they want and pay and then they just need to keep receiving the profits daily, it's funny that many people fall into this type of scam and don't ask the scammers to show proof of the existence of that bot or AI

so by that I mean that I prefer to continue doing my analyzes personally and I will always do so, I don't want to depend on any AI if there really is an AI capable of being very successful in this cryptocurrency day trading market, if we look deeply into it , we will see that the AI does not think for itself, it was put a lot of data and based on that it would make a decision, it does not think, so the best thing is for people to trade for itself, if a person had an AI capable of having many hits in the trade then that person would be rich in a short time

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July 20, 2023, 03:17:50 AM
 #34

One can try to learn some unknown information about trading from AI technology but AI technology cannot be directly depended on for trading and I will never directly depend on AI technology for trading. AI technology will make human work easier but AI technology will not do human work  human work has to be done by human only AI technology will save your time and take your idea to another level. When it comes to trading there are so many unknown things that we can learn using AI technology, we have to try to know all these things. In the case of trading, we use AI technology and sit safely depending on AI technology, but we will not get success in trading. To achieve success in trading, we need to conduct trading activities manually.
AI trading is indeed a smart trade, but what we need to know is that AI trading doesn't involve emotions, and that's what manual trading gets. if manual trading is good, I think it will be more optimal if you use AI trading, but if on the other hand, we only rely on AI trading, I think it will actually backfire in the future, because the control remains with us. many people can't wait to learn manual trading, that's why many people take shortcuts and in the end most traders experience defeat

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July 20, 2023, 05:20:28 AM
 #35

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?
Why would you risk your funds and leave it to a bot to do your work? Yes, AI can trade for you, but I doubt there is any "perfect" AI trading bot. If there is, everyone would have invested on it and start using it. No one would self trade to make profit, don't you think? There are reasons why people aren't using AI to trade. Too many errors and not having any control over the trade is I guess one of the reason why they don't want to trust AI. Imagine an AI wiping out your entire balance for just an error that a human could avoid..

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July 20, 2023, 06:01:41 AM
Last edit: July 20, 2023, 08:47:40 AM by Silberman
 #36

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 do not have any option at this time, if I want to trade I need to do it on my own as I do not have access to an AI that can trade on my place, however if did had the access to it I will need to evaluate how it trades based on the data of the past and testing it against many different markets, and only if the AI shows a significant positive difference on its performance then I would think about making a change, otherwise I would prefer to keep trading the markets with my own skills.
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July 20, 2023, 07:32:54 AM
 #37

How to implement trade trough AI (Artificial intelligence), I don't have ideas with trading could manage trough AI because not any expert have accurate predicting with trading. I know how technological advances developed by AI but how possibilities for applying with trading need research and can't speculate about some coins price later. I don't think have perfect did by AI exactly with their robot trading due previous tools with trading way never guarantee 100% become success.
I think more profitable with self trade than adopt with technology for AI (Artificial intelligence), there are can't make us on profitable always due that technology created by human and have weakness.

R


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July 20, 2023, 07:37:06 AM
 #38


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


I'm not sure how it may benefit other traders; perhaps AI bots will help them by generating profits, but for me, I cannot use AI bots to trade, and even if I could, I wouldn't see the point in using a bot because I think that in the long run, AI bots may stop working properly, and I might end up losing everything. So you can see that I don't think this is a good idea. Even so, I would advise anyone learning to trade to persevere until they have mastered it rather than learning a little bit and then utilizing an AI bot to trade because I don't believe that is safe.

Because they can't sit down and think about how the market will move, when to buy and sell, and other things that need to be done while trading, I believe the majority of people who use AI bots to trade currently will end up losing money despite any potential profits. I wouldn't really describe a trader who uses AI as brilliant since he isn't using his brain, and in my opinion, that's not how trading is intended to operate.

R


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July 20, 2023, 08:32:02 AM
 #39

Will you prefer to trade with AI or you prefer to do the trading yourself?
Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.
If you do not have much knowledge about trading, then bot trading is terrible because the bot trades based on certain things that you need to configure and if you are terrible at trading then you are not going to be good at it neither. I bet that the best thing to do would be making sure that we are handling it ourselves, so that we can use the bot to it's best capacity. I know that it will not be as hard as manually trading, but it's also not that easy enough to make even newbies trade and earn a lot of money.

A lot of people tried to build something that people could make money from without ever knowing a single thing, nobody has achieved it ever. This is why everyone should be considering the situation a bit differently before approaching it.

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July 20, 2023, 10:41:33 AM
 #40

Will you prefer to trade with AI or you prefer to do the trading yourself?
I've seen some of my friends use AI crypto trading bots, such as: 3Commas, TradeSanta and CryptoHopper all use intelligent design, Even though the bot has good and safe bot technology, still some of my friends complain about unsatisfactory results.

It is a sign that AI crypto trading does not guarantee real profits in crypto trading features, this reason can be strengthened again by statements such as:
Quote
Is AI crypto trading bot worth it?

Crypto trading bots can be a valuable tool for active traders, but there are also some drawbacks to consider before using them.

Quote
Do crypto trading bots really work?

There is no easy answer to this question, because there is no one-size-fits-all answer to the question of whether crypto trading bots actually work or not.
There are a number of factors to consider when determining whether or not a bot will be effective, including the specific bot used, the market conditions in which the bot is used, and the skill of the trader himself.

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Does AI crypto trading bot make money?

Yes, crypto trading bots can make money. However, there is no guarantee of success and it is important to remember that past performance may not necessarily indicative of future results.

From some of the quotes above, if I consider and analyze from my friends who have done AI crypto trading, it is clear that I choose crypto trading with analysis, predicting my mind, as before.

R


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