So when shown an example of "algorithmic trading" from a study posted in a peer reviewed journal which clearly concludes: "Experimental results show that our proposed algorithm is able to statistically significantly outperform all DC and non-DC benchmarks in terms of both return and risk,..." source: (69086778)
You answered with:
"inert individual greed that a humanposses"
"from each individuals brain"
"isn’t dynamic enough to even ripple thedynamics of the Stock Market, let alone forecast it" source:
Your arguments are a criticism of why the algorithms don't yield 100% success on any one trade. But they are not an argument for why algorithms which factor in technical analysis are invalidated. I would love to hear why 60-75% of "overall trading volume" is algorithmic trading most of which if not all would be based on technical analysis "if, then" rules.
You are just objectively wrong about this, I don't want to re-educate you, because I am happy to keep you exactly where you are. However, if you are interested, you can watch the "The Hummingbird Project" movie, it shows you how lucrative algorithmic trading is, so much so they spent millions building a new telecommunications line, even though one already existed, to make theirs less than 1/100th of a second trades faster than their algorithmic competitors. Whilst the movie is fiction, it is based on a true story about the Spread Networks project to activate their essentially straight fiber-optic cable in 2010 saving approximately 175 mi (282 km) over the existing route from Chicago to New York, and their journey is depicted in Michael Lewis's book Flash Boys.
MAY Price at posting:
10.5¢ Sentiment: None Disclosure: Held
(20min delay)