Trading robots and black boxes could make you lose BIG money

(Last Updated On: March 25, 2016)

Trading robots and black box technology could make you lose BIG money

As the world understands that algorithmic and automated trading is the way of the future to stay in this business, many are still pretty well lazy to stay ahead of the game. As I listen to, read more, and talk to human based traders, they are still tied to using some black box software technology to make them think they’re using algorithms. This is so far from the truth.



See this article to see what I think of a particular set of online services

See my new standard way of answering questions on the software trading robots

I mean seriously, these are expensive and secretive technologies that offer no credibility for true success while trading in the markets. Even if that was the case, you’re still behind the eight ball when these automated trading solutions work against you or expire as the market conditions change. After talking to a recent local Meetup member, he followed some automated trading solution that was great until he pretty well lost his house. Lucky for him, he was still young enough to be able to rebound from these destructive losses.

So what am I saying here?

You need to understand, when it comes to betting your entire portfolio which includes your hard earned money, you need to be really careful on how you deploy it when it comes to risk taking with your trading. This is why I always push to understand the “Under the Hood” mentality in understanding the source code that does your automated trading. Not only that, you need to take an unfortunate skeptical look with full paranoia to own and control your source code. This does not mean, you pass control over to some cloud trading solution. Do you really trust that they will not steal your highly prized intellectual property called your trading idea?

Why do you think I created this ‘Indie Algo Trading Business with Python’ course series?

You know I have talked about it for many months now. You know we’re in our third week of this “Infrastructure Building Blocks” phase. The question you need to ask yourself is: why are you missing out?

Just remember all of the above that I mentioned to jumpstart your learning with full automation where you own and control the outcome. Also remember, this is the only place anywhere you can learn this. Also remember that Python is being taught to nine-year-old so anyone can learn it. The only thing holding you back is your inner drive but we have sent emails on that in the past as well.

If you’re interested in learning all this go here

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Thanks for reading

Bryan

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs