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Discord Bot for trading (Happy to pay) : Discord_Bots
Main Post: Discord Bot for trading (Happy to pay) : Discord_Bots
Happy trading day - let’s stay disciplined !
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No FOMO entires
Wait for buy or sell signals for confirmation
No revenge trading
No over trading
No tilting
Follow max loss
Follow stop loss
Only go for a quality set ups
Choose the right stocks to trade - I trade small cap therefore different stocks daily
Patience
Good luck ! Can’t wait to see updates later !
Top Comment: Only go for a quality set ups The whole trick is identifying those... I have yet to figure it out.
Happy Trading!
Main Post: Happy Trading!
Top Comment: And mushrooms around it.
Do AI-Based Trading Bots Actually Work for Consistent Profit?
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I wasn't sure whether to post this question in a trading subreddit or an AI subreddit, but I believe I'll get more insightful answers here. I've been working with AI for a while, and I've recently heard a lot about people using machine learning algorithms in trading bots to make money.
My question is: Do these bots actually work in generating consistent profits? The stock market involves a lot of statistics and patterns, so it seems plausible that an AI could learn to trade effectively. I've also heard of people making money with these bots, but I'm curious whether that success is attributable to luck, market conditions, or the actual effectiveness of the bots.
Is it possible to make money consistently using AI-based trading bots, or are the success stories more a matter of circumstance?
EDIT:
I've read through all the comments and first of all, I'd like to thank everyone for their insightful replies. The general consensus seems to be that trading bots are ineffective for various reasons. To clarify, when I referred to a "trading bot," I meant either a bot that uses machine learning to identify patterns or one that employs sentiment analysis for news trends.
From what I've gathered, success with the first approach is largely attributed to luck. As for the second, it appears that my bot would be too slow compared to those used by hedge funds.
Top Comment: I went down the rabbit hole with AI for stock trading. Posted my "most likely and highest profits this week" got invited to some private stock forums with some real experts because they were impressed i had their exact ideas in the radar. made a ton of predictions. traded and won a lot. took my profits and moved to another country. But i realized it was all luck. It had nothing to do with my AI and my countless hours training it. Just pure luck. You say theres a lot of patterns in the stock market. theres almost as many in pure noise. And even if you have a profitable algorithm. is just a matter of time before it stops working. and someone else has a different winning algorithm. i think we are at the point where the algorithms update themselves in real time (or the AI's) all in all. you might give yourself a tiny edge. but very short term investing is pure gambling. (unless you are a criminal ofc)
Happy Trading!! Happy to trade for my extras. Looking for festive feast to finish my set 🎄🙏
Main Post: Happy Trading!! Happy to trade for my extras. Looking for festive feast to finish my set 🎄🙏
Top Comment: Short measure for Santa paws?
Happy trading ⭐️
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Let’s trade!!!
Top Comment: Karaoke dokey for Superfandom
Happy Trading Tuesday! :)
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Top Comment: While the vast majority of trades and sales on r/Webkinzbuyselltrade go smoothly, be sure that the person you are trading with, buying from, or selling to is trustworthy. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
I made a toolkit for confirming market strength & direction–and it's ABSOLUTELY OP
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You can use the indicators for FREE below:
https://www.tradingview.com/script/4mbefeSS-Volume-Delta-Average-by-Periods-Oscillator/
https://www.tradingview.com/script/Uge0yvXl-7-Channel-Trend-Meter/
What each indicator does:
- Volume Delta Average by Periods Oscillator
- This indicator lets you specify a certain number of periods, and it takes the average volume delta percentage across those periods. This is top-notch when it comes to getting insight on how trends change, and the strength of reversals. - 7-Channel Trend Meter
- This is just like the regular Trend Meter indicator–except, on STEROIDS. It uses 7 different indicators–ADX, Supertrend, Volume Delta, DMI, RSI, EMA, and Stochastic Oscillator–to give you first-class confirmation before entering a trade. Additionally, it has a light-gold/dark-gold bar that shows the strength of the market, ensuring that you never enter at a consolidation zone. Lastly, this indicator employs an ABSOLUTELY BEGINNER-FRIENDLY design that is easy to read, clearing off stress in the mind and ensuring you that a trade is ready to go.
You can use this...
- ...in a strategy.
- ...with other indicators.
- ...as confirmation.
- ...alongside price action
- ...as a win-rate booster.
Top Comment: You remember in Olympics the Turkish guy that got a silver medal with a hand in the pocket? You remind me the others (whose names I will never remember). You're welcome