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Will daytrading keep existing ?
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Will daytrading keep existing ?

  #11 (permalink)
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Yes, but interpreting the news could be automated if in the future the journalists who write the news will together add some digital ratings to the news story. they will do so if they get payed for it.

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  #12 (permalink)
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You will get a whole distribution of digital signals, and nobody will tell you, how the news affetcs interest rates, stock prices and the dollar index, because the correlations are permanently changing...


MetalTrade View Post
Yes, but interpreting the news could be automated if in the future the journalists who write the news will together add some digital ratings to the news story. they will do so if they get payed for it.


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  #13 (permalink)
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MetalTrade View Post
But will daytrading always exist ? I mean if we look at what the difference is between now and 10 years ago, what will be the difference in 10 years ?

Well consider 10 years ago is about the time "daytrading died" from the tech boom perspective, yet here we all are having this discussion.
I wouldn't worry much about some nightmare scenario where algorithms are scalping away all your money if they are not doing so now. Its safe to assume a lot more volume is moved now by algorithms than by someone clicking a mouse.
I think the future looks pretty good... better evolved software, different analysis techniques dripping down from quant finance.
Biggest thing though is its a safe bet markets will open up more and we will have more instruments to trade. I would be shocked in 2020 if on message boards you aren't reading about trading credit default swaps on a company and know a hell of a lot more single companies that are listed in shanghei.

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Jesse Livermore quoted it this way:

The markets have been and are always going to be the same. The only thing that changes are the players that lack the memory.

So the human element is not going to change! And that goes for the loosing part.
The other part has to change and adapt to the ever changing environment in order to become winners. And eventually that is always the main factor that will separate us humans from machines, namely our flexibility and adaptability.

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George

Last edited by George; June 23rd, 2010 at 11:53 AM.
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  #15 (permalink)
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Back to the original question...

Day trading is just a style of trading. There will always be investors, swing traders, daytraders and scalpers. However, which of those four main types of trading does an automated robot fit into? Or does it create a whole new category of its own??? Ah ha! Today, Automated Trading Robots have already been added on the list, but in 10 years the rest of the world would have realized this.

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A different threat....

I am more concerned about the possibility that the rights of individuals to trade for their own small accounts would be legislated or taxed out of existence.

Of course, it would be done "for our own good."

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MetalTrade View Post
I love daytrading but it's a very steep learning curve and still so much to learn.

But will daytrading always exist ? I mean if we look at what the difference is between now and 10 years ago, what will be the difference in 10 years ?

I think much more automated easier to run systems coming to a point that there's not enough money to make to make a living because the automated systems will scalp it all away ?

I hope I'm wrong !!

If what you envision comes to pass, then the big money will be made from position trades, not scalps. The question you should be asking is, can you and others adapt?

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