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Considering the increasing prominence of artificial intelligence in just about everything, and the fact that retail traders are now up against not just algorithms but probably full blown AI agents from some of the larger trading entities, it seems appropriate to have a thread about anything related to AI and Trading.
There have been a couple of good FIO webinars on the topic and I will start by listing them:
If I've missed any, please post them and I will add to the list.
At any rate, it is almost inescapable that the future of trading will be severely impacted by AI, so the sooner we all start thinking, talking, and understanding the intersection of AI and trading, the better.
R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
Hmmm. So do you think I should abandon this thread? I don't want to create a duplicate thread. On the other hand, my intentions were less technical and more along discussions of the overall impact as well as articles related to AI and trading or new sites such as I posted.
I'll let the moderators decide, I guess. If they feel its a duplicate thread, I won't be offended if its deleted or closed.
R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
IMO machine learning already suffers from far too much anthropomorphization from science fiction. There are no "full blown AI agents" as if we are in the Matrix.
Your story telling ape brain is refined to find patterns in 2 or 3 dimensions while machine learning can just as easily find patterns in a 1000 dimensions. That is the advantage for trading.
The problem is the same though. You have to actually find predictive features for the target that you are trying to predict or classify.
Machine learning algorithms are trivial. They are largely already done for you.
Everything is boring old feature engineering.
Those sites look like marketing nonsense to me because all learning algorithms are always going to highly overfit to noise on past price patterns, same way the brain does.
I'm am less concerned about trading against Mr. Anderson (or the Terminator) and more concerned about a Goldman Sachs version of Google's Deepmind aka a potential 'AlphaTrader'. I come from this as an interested layman, not a professional, but its not hard to project what Deepmind has done with games to what a similar set of reinforcement learning algorithms and neural networks could do with the massive amount of financial and market data available. Trading, appears, at least on its face, to be analogous to a game and Deepmind has mastered a lot of them.
R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
Renaissance Technology has been using machine learning forever already.
Marcos Lopez De Prado believes all firms will become quantamental firms and all discretionary managers will use machine learning to help make decisions. That is inevitable.
The best resources I have found is fast.ai, the book Deep Learning with Python by Francois Chollet and then of course Advances In Financial Machine Learning by Marcos Lopez De Prado .
I think DeepMind is a little overblown personally.
The crazy thing I recently learned is China is starting to teach machine learning in preschool to students.
