/biz/ - Business & Finance

If drawing memelines was a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for a small amount people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

If drawing memelines were a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for a small amount people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

>then how did he do it?
Pic related.

AI proves that TA is a complete meme.
If memelines were a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for a small amount people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

AI proves that TA is a complete meme.
If memelines were a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for a small amount people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

AI basically proves that TA is a complete meme.
If memelines were a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for some people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

>>55750027

What age did you grow out of the "investing" meme

>>53908240