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@admin the algorithm doesnt determine the state of the overall market so it wouldnt tell me if the whole market is crashing or not. Though I could stick it on an index like TQQQ and it will tell you if its crashing sorta indirectly (in fact I use TQQQ a lot for my benchmarks and trading).
Thing is the algorithm is not trying to predict long term trends, thats not a good way to make money. It is trying to predict short term trends. It only cares where it should put money into for the next few hours and should that change it will change where the money goes. It doesnt care what will happen a year from now.
>Thing is the algorithm is not trying to predict long term trends, thats not a good way to make money
Darn, I mean you're right, not with a trading bot at least. I've argued that point with people before but it's just my style more than anything else. Long term trend is up, I just need a "this is real" dump signal. I'm lucky I was out yesterday, if I was home at my PC I might've fallen for it.
@admin The thing is long term trends are easier to predict for us humans because they tend to be based on actual company performance, short term trends are effected by impulsive human behavior to news or events.
As such while short term trading will always show you the greatest ROI (or the fastest loss), for more people long term trading, since they can predict it better, will tend to cause them to gain money slowly where short term trading will cause them to lose money quickly. A big part of the reason is that very impulsivity you just described and my algorithm is the cool collected logical one at the other side ready to make a win on your panic :)
>short term trends are effected by impulsive human behavior to news or events
"BIDEN HAS BEEN PRESIDENT FOR ONE DAY AND THIS IS WHERE WE'RE AT?!?"
Yea that was me. I'm glad you're able to see both sides of it though. I legit argued industry trend investment over an individual company in a college finance class and everyone just "uh, no"-ed me. That was like 6-ish years ago. I got big into PMs and crypto not long after, joke's on them.