Humanity vs Robots. Round 1. 0 : 1, page-2

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Theojess1

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21/11/19

23:18

Post #: 41567293
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Originally posted by AlReady2 ↑

Short report

1. I am a newbie. Just about 2 months in trading. Bots have been in trading since forever, it's their home field.

2. The up trend is present. The bot has created a simple bullish pattern (setup) from Youtube educators. That works 90% of time. When there are no bots.

3. I easily recognise the bullish pattern, the up trend, and happily jump in with all my money.

4. The bot acknowledges my presence, my trade and completely changes the trend.

5. To my great surprise the share price starts slowly going down, and down, and down, and down, and down, stay still a bit, the bot takes a glass of water, and back to work again, the price goes down, and down again, and .... down again.

6. I freak out, take my losses and quit crying.

7. The bot loudly laughs counting his win, that incidentally equals to my loss.

8. After my quit the bot easily gets the share price back up to pre-existing levels.

9. The bot creates another well-recognisable pattern from Youtube educators, waiting for new humans.

Question. Is that how the bots work? Or they have more sophisticated strategy?

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Im telling you now these algo models have destroyed the game.. Its a sad reality but they use a non linear approach which seems weird but they have mostly unlimited funds and will drive the price down even in the red using the dark pools with center trades to skim the shares off all us "humans".. The liquidity on the asx that is non human i believe is over 90%. Its ruined,the fun is gone,the game is over
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