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Author Topic: Which is more profiting self trade or AI  (Read 871 times)
Odusko (OP)
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July 24, 2023, 12:20:26 PM
 #81

If AI gives 100% success results then definitely all will prefer using AI for the trades. But we know this isn’t possible. So yes self-trading is appropriate for making less loss and good profits. AI could be helpful for gathering information about the coins and the market but completely auto trading using AI is not recommended. I mean who wants to rely on AI when it comes about money? If due to the ETA, your money went into loss, you can’t make anyone liable for this. So yes currently at this stage, self-trading is good.
That is true with AI but then the success ratio of an AI is higher than that of self-trading but then also we have to consider some other factors such as the profits sharing because most of the exchanges that offer AI trading charges exorbitant percentage and the trader doesn't hold the profits in 100% since some percentages go to the AI developers and also to your upline, this system can't work but the profits merging is good enough for a trader to consider it.

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July 24, 2023, 12:40:46 PM
 #82

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?
An artificial intelligence AI cannot give you what you want because is man made and a mand is not something we can depend on, because it have disadvantages, do you know some of this bot have a specific profit they can make daily and so many of them is under subscription and without the subscription they cannot function effectively, so since it have a lot of conditions that is been attached to it and besides it will not q cogent profit, I think it's better for me to make use of manual and trade, when you learn trading very well and know what you are doing you will like to use manual than using an artificial intelligent for your trading, actually trading is a skill and its good for whosoever that is in trading to have the experience and practice with what he or her have learnt so far in trading, I believe that trading need more of concentration if really you want to make profit you don't want your lose to be higher than your gain you have to concentrate on the rules and regulations or steps that triggers to overcome loses. In summary I usually encourage people to tradeon their own than using an artificial intelligent to trade.



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July 25, 2023, 08:37:07 PM
 #83

Will you prefer to trade with AI or you prefer to do the trading yourself?
In general, I'm not one to depend on robot to trade for me because I feel anything can go wrong in the code and the robot begins to malfunction and blow my account. I like doing it manually, and when I don't have the time for it I steer clear off trading. Although I've read so many nice stories about bots doing great executions, especially doing ICOs in the early days when it was really hard getting orders filled, I still believe nothing is better than human touch.

In the present time I've also read about bots picking up profits immediately liquidity is provided for new projects and before those rogues amongst them rugpull. Well, maybe AI can work well in purely technical analysis controlled market like Indices but I don't think it will do well in Forex trading with its mixed analysis of technical and fundamental. The simple truth is that AIs don't have emotions and are likely to miss out whatever implications FA will push out.

Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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July 26, 2023, 11:19:03 AM
 #84

Artificial intelligence has made its presence known in almost every sector these days. AI is now playing an important role in education, medicine, economy, industry at every level. Its widespread use has also started in the trading world. An investor now prefers AI for trading. AI trading tool can get the necessary information and data for a trade in seconds, making it much easier to understand the trend along with AI prediction.

A person can take any decision based on various past facts and data. But when there is a combination of things, it is impossible for one person to keep everything in memory and apply it. So I think AI is now playing an important role in most of the fields these days. As such I am sometimes encouraged to trade by AI rather than doing my own trading.
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August 02, 2023, 07:08:00 AM
 #85

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 don't think AI would be that reliable like one's analysis of their predictions. AI may gather or generate information on such programmed indicators like RSI, Volume, Macd, and Moving Averages, BUT it won't be timely. You see prices of BTC are highly correlated with news releases and correlation with other assets.

I may find AI analysis but not solely rely on it. I will still make my own mind of what trades to take in every trading day session.

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August 02, 2023, 08:50:28 AM
 #86

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 can't use AI for trading because the benefits of using AI is only for making profits and not improving on your trade from your experience. Manually trading makes it possible to learn from your mistakes and add to your knowledge but AI doesn't give all those benefits. Also AI can't be correct all the time so you can make mistakes and when that happens you gain nothing from the mistakes that you made because you're not the one trading but a robot is the one trading.

Trading isn't difficult if you spend time learning before you decide to start chasing making money from it but many new traders don't want to learn that's why they're using AI for trading. In a situation the AI fails you, what will you do when you have no personal life experience.



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Questat
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August 02, 2023, 01:07:09 PM
 #87

Artificial intelligence has made its presence known in almost every sector these days. AI is now playing an important role in education, medicine, economy, industry at every level. Its widespread use has also started in the trading world. An investor now prefers AI for trading. AI trading tool can get the necessary information and data for a trade in seconds, making it much easier to understand the trend along with AI prediction.

A person can take any decision based on various past facts and data. But when there is a combination of things, it is impossible for one person to keep everything in memory and apply it. So I think AI is now playing an important role in most of the fields these days. As such I am sometimes encouraged to trade by AI rather than doing my own trading.
AI can be good in some areas as you have mentioned but this technology had never been programmed to analyze the market and do forecasting. That is why we have to separate trading as AI doesn't certainly work for this unless we know what will happen next. It was not necessary that we not use AI in trading but can be in some limited options and we want to succeed, I tell you that AI can't help you there, it was you and your skills could bring it there.

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August 02, 2023, 04:21:22 PM
 #88

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?

At the moment am doing it my self, most of all this developments of A.I coming in ain't free and just me not everyone can afford it, even if its free there are some disadvantages that wont be noticed at first approach but as time goes on.

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August 02, 2023, 06:30:24 PM
 #89

Artificial intelligence has made its presence known in almost every sector these days. AI is now playing an important role in education, medicine, economy, industry at every level. Its widespread use has also started in the trading world. An investor now prefers AI for trading. AI trading tool can get the necessary information and data for a trade in seconds, making it much easier to understand the trend along with AI prediction.

A person can take any decision based on various past facts and data. But when there is a combination of things, it is impossible for one person to keep everything in memory and apply it. So I think AI is now playing an important role in most of the fields these days. As such I am sometimes encouraged to trade by AI rather than doing my own trading.
By that logic we can just use any trading bot that we have been using so far and give it all the information and that can do it as well. There isn't really any like situation where you need to end up with a solution, it just doesn't work anymore.

I feel like it's not going to be something to care about and it's going to end up with something that will matter. Think about it, what's the difference between AI and that trading bot on that matter. I would see absolutely no changes at all and I believe that I would use trading bots a lot more. Because, trading bots has been around for a long time and they could continue to exist a lot more after AI hype dies down as well. If there is any feature of AI we need, we can just add it to existing trading bots.

Aanuoluwatofunmi
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August 02, 2023, 06:49:02 PM
 #90

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?

At the moment am doing it my self, most of all this developments of A.I coming in ain't free and just me not everyone can afford it, even if its free there are some disadvantages that wont be noticed at first approach but as time goes on.

Let's not look at the present benefits we may got served with the use of AI while trading, they may not be a lasting solution because when used, it makes us perform less functions and the bot used may not be hundred percent effective for a long duration, which means there's no complete perfection with the use of AI in some certain aspects of bitcoin trading, we can always engage our own trades and use the AI where necessary, I can't rely on the use of AI as well because i need to always get myself engage on practical trades.
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August 02, 2023, 07:32:54 PM
 #91


If you can create an AI tool yourself or forget AI just a bot yourself which can automatically do trades based on criteria you had fed then there is nothing better than that for sure. But if you are buying some cheap third party bot for trading or even third party AI for trading then it's definitely not worth it. Even if it gives you good profits for sometime eventual result would not be something that you would want. So obviously don't go with AI or bots.
I agree with your opinion, This is the point I may consider trading using AI tools if I'm the one that created the AI or the trading bot using my trading strategy as it will save me the time and stress of going through the chart and analyzing the market. I can't trust a tool that I don't know the bases on which it was built to trade my funds.

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August 02, 2023, 08:11:41 PM
Last edit: August 02, 2023, 08:25:09 PM by Woodie
 #92

I have not seen anybody trade with AI and come out in the open to say they are profitable,which is unfortunate! But one of the advantages I adore from trading with a bot is that you are guaranteed that no emotions will be involved when trading and if a trade is a winning trade be rest assured  that no premature profits will be taken and the trade will hit full take profit.

But then again, bots follow instructions as coded and never look at market conditions which is the unfortunate part that could save you from loses or make you lose..but going by my preferred way of trading of trading by myself, emotions could be there but as long as I follow a rule based way of trading I believe I stand a good chance of surviving the markets and make myself a profitable trader..

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gabbie2010
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August 02, 2023, 09:09:17 PM
 #93

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 don't rely on any trading automation to decide any trading setup for me whether AI, EA and Robot none of them is used to execute or predict market for me, I believe in trading manually basically using candlestick patterns and Price Action, I am not condemning those trading tools because it might work for some traders, however I do trade by myself because I believe those tool especially AI can be a distraction because of the trading signals generated might counter my own trading setup in view of that I only concentrated on my own decisions which I strongly believe is the best option in trading.

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August 03, 2023, 01:47:45 PM
 #94

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 don't rely on any trading automation to decide any trading setup for me whether AI, EA and Robot none of them is used to execute or predict market for me, I believe in trading manually basically using candlestick patterns and Price Action, I am not condemning those trading tools because it might work for some traders, however I do trade by myself because I believe those tool especially AI can be a distraction because of the trading signals generated might counter my own trading setup in view of that I only concentrated on my own decisions which I strongly believe is the best option in trading.
indeed the decision itself is far better than we entrust to AI. in trading science there are 3 categories that must be mastered, analysis techniques, money management and psychology, and I think AI only has both of them apart from psychology, even though it is psychology that is the determining factor in success in trading, even though it is difficult to master, but with us practice continuously then over time it will be honed by itself

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August 03, 2023, 09:42:16 PM
 #95

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?
Note that AI trading can never be forever reliable so I have to focus on self trading in order to develop more of my abilities and skills in trading. Although beginner traders might find it more appealing and impressive to use the AI trading but simply because most of the newbies these days want to take shortcuts in trading to achieve instant profits. And they believe AI can do that, not realizing that it’s also not perfect and has its own flaws.

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August 04, 2023, 03:14:04 AM
 #96

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?
Note that AI trading can never be forever reliable so I have to focus on self trading in order to develop more of my abilities and skills in trading. Although beginner traders might find it more appealing and impressive to use the AI trading but simply because most of the newbies these days want to take shortcuts in trading to achieve instant profits. And they believe AI can do that, not realizing that it’s also not perfect and has its own flaws.

AI trading will stay forever because of the innovation of the technology and it keeps improving over time, so it will say as long as there are still newbie people wanting or availing of it, but again, I don't want an AI to do the trade on me. Just take an example: you'll have a chance to become artistic by learning graphic design or photo editing online, but because you are a newbie and want a shortcut, you'll just use AI to generate it, meaning you'll be so dumb that you don't develop your skill and just rely on AI, and in the long run you'll suffer, so it is better to learn and rely on yourself.
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August 04, 2023, 03:17:42 AM
 #97

I dont know but before AI hype like now there is dozen of Robo Trading that can buy and sell when all the parameter is match, But I dont know it seems there is no bot can create such a huge profit although if there any I would join  Grin

But one thing is sure that the market is highly unpredicted maybe AI can feed multiple technical indicator but one or two news can disrupt the trading decision

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August 04, 2023, 06:32:56 AM
 #98

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?
Wow. That's a quite interesting feature. However, I'd prefer trading myself, AI cannot make everybody successful, however your knowledge and skills definitely will make you successful. AI is a great tool, but nothing more.
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August 04, 2023, 10:28:26 AM
 #99

I dont know but before AI hype like now there is dozen of Robo Trading that can buy and sell when all the parameter is match, But I dont know it seems there is no bot can create such a huge profit although if there any I would join  Grin

But one thing is sure that the market is highly unpredicted maybe AI can feed multiple technical indicator but one or two news can disrupt the trading decision
Yes, it's true that a lot of things happened outside of what we planned.
Personally, I don't trust robots, because I believe there must be gaps or something that will be very detrimental to us, therefore I choose self-trade over AI, even though there are many indicators that must be studied, but I think it will be much more profitable in the future with knowledge and our experiences.

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August 04, 2023, 12:37:19 PM
 #100

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?
A trader always tries to find out how they can profit from trading. But which one is good self-trading or AI trading those completely depends on various factors. By analyzing different situations, I think that both are suitable. AI usually gets quick signals about market trends and can analyze data quickly which is not possible in short time by humans. Emotions do not work in AI so they can trade in the market with disciplinary manner. Since trading sometimes involves geopolitical and economic issues, a human can analyze that which is not possible with AI. In any complex trading activity, a human trader can exercise caution and make sound decisions. Such decision cannot be taken by AI trading.

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