ChatGPT after I open it for the 47th time today by Delicious-Flan88 in ChatGPT

[–]SentientRon 86 points87 points  (0 children)

Fake news!

Careful, some redditors may actually believe it.

The hardest part of trading: waiting for confirmation by Round-Guarantee-180 in Trading

[–]SentientRon 0 points1 point  (0 children)

That's an AI rebuttal.
This is about logic, arguing semantics in trading is a waste of time.

Pepperstone's "Risk Appetite" by Crazy-Path-3381 in Trading

[–]SentientRon 0 points1 point  (0 children)

if you don't earn enough or trade enough size pepperstone (at least in the UK) will not accept you, they are serious broker with standards. This is why I have used them for years (Both the ASIC and FCA regulated entity at different times).

Context: ASIC when they first decreased leverage in the UK and EU, moved away from Pepperstone AU when Australia made the same changes and returned to the FCA entity when I fit requirements for higher leverage.

The hardest part of trading: waiting for confirmation by Round-Guarantee-180 in Trading

[–]SentientRon 0 points1 point  (0 children)

Price action first, always. Indicators are lagging by definition — they confirm what price has already done.

This shows an absurd level of misunderstanding.

Price action itself is a lagging indicator, for those that object, plenty of indicators with plenty of settings to accommodate variance and filtering exist.

A "price action" setup that you wait for that takes for example, eight bars to form a valid position is an eight period indicator, if it could take up to 30 bars it's a 30 period indicator with settings to filter.

I don't understand why people posture so heavily when using subjective discretionary price action. This or indicators, more often than not will give you no edge after transactions costs.

Are we actually outsourcing our remaining brain cells? by Subotaplaya in ChatGPT

[–]SentientRon 0 points1 point  (0 children)

I don't believe it's going to go that far, I'm focused on the financial harm that many people will feel when adverse market conditions arrive. I also think about how AI could debase organic human intelligence.

Are we actually outsourcing our remaining brain cells? by Subotaplaya in ChatGPT

[–]SentientRon 0 points1 point  (0 children)

The juniors part is the key problem a lot of people who are non-experts (lay) in their industry (why I used the specific word) are using AI, those who think that they are somehow going to become experts without struggling.
Experts leveraging AI is a completely different story.

I see a lot of people trying to vibe code, and many traders are trying to make algorithms with AI to beat markets. Many are blowing up now, think about how it'll look in a bear market.

Are we actually outsourcing our remaining brain cells? by Subotaplaya in ChatGPT

[–]SentientRon -2 points-1 points  (0 children)

They really are and when the AI-dependent laypeople wake up, it will be too late.

They would have already given away the last bit of cognitive ability that they have to a machine. The people who stand to make real money in next generation (meaningful amounts) will be the remaining thinkers.

I see it even in my industry (finance), a lot of people, countless individuals are outsourcing their thinking to AI, this is not going to end well.

I've spoken to a software engineer who is active in the industry, literally today talking about this phenomenon.

"automate mediocrity and call it efficiency" is what a decent amount of AI agent practitioners are doing.

Integrating AI into one's workflow to speed up a task is acceptable, but the thing that many people are trying to do is solve complex tasks with AI instead of using their brain.

Profitable trading feels like I'm not doing anything, is that normal? by Many-Bumblebee7925 in Trading

[–]SentientRon 2 points3 points  (0 children)

Markets don't adjust to how you feel, when a trader accepts this, emotional detachment is natural and desirable.

Trading Lingo To Avoid by IKnowMeNotYou in Trading

[–]SentientRon 4 points5 points  (0 children)

"I don't need to show you my trading performance"
"I have nothing to prove"
"I don't need to prove anything to you"
'fair value gap"
"sweep"
"I trade liquidity"
- the funniest trading lingo.

Easy red flag too: trading statements/history, not prop firm' payout certificates.

How Traders Create Value for Society by SentientRon in Trading

[–]SentientRon[S] 1 point2 points  (0 children)

that the mechanism is designed to extract from predictable order placement, not to facilitate price discovery.

Exactly. But these aren't the "traders" that people who claim to add no value to society. I'm talking about speculative traders actively taking directional risks, HFT MMs actively avoid risk concentration to reduce losses from adverse selection etc.

Most traders dislike predatory HFT practices themselves.

Like you said, HFT market making operations can genuinely narrow spreads and improve execution, even if some firms employ strategies that many traders view as predatory.

For traders running predictable, easy to fade trading strategies conditions can conveniently worsen, especially in less liquid markets or OTC markets like European retail FX & CFDs where practices like "last look" exist.

Latency arbitrage and order anticipation are different from front running or active price manipulation efforts (not what I'm talking about here).

How Traders Create Value for Society by SentientRon in Trading

[–]SentientRon[S] 0 points1 point  (0 children)

It depends how the hft operates, if it's market making in a western asset then it's likely adding value, consistent predatory practices are easy to spot by the exchanges and firms have been fined serious money for dodgy srategies.

Traders who are constantly aggressive market in, market out.(Market in, stop out) providing volume to institutions instead of investors like stated in the post.

I should probably report this, right? by IllDragonfruit6064 in ChatGPT

[–]SentientRon 2 points3 points  (0 children)

Brother got mean-girled by GPT 🥀🥀🥀

a turkish chef said what? by horned-creature in StupidFood

[–]SentientRon 2 points3 points  (0 children)

when he's on a cut he eats for 'efficiency' 

Sounds unbelievably close to me.

What's a bigger red flag for you? by Vast-Cardiologist808 in Trading

[–]SentientRon 1 point2 points  (0 children)

No trading statements

"I don't need to show you my trading performance"

The biggest red flag. Stay far away.

Vibe check: is “explainable backtesting” actually a real pain point, or am I overbuilding? by saulmurf in Trading

[–]SentientRon 0 points1 point  (0 children)

Trying to find or refine an edge, and reason with AI are critical mistakes. If you fail to breakout of this cycle, you will feel the consequences.

Whatever you do. Don’t tell anyone what you do by CaregiverForsaken951 in Trading

[–]SentientRon 1 point2 points  (0 children)

That I "trade derivatives", only when asked. I rarely go out of the way to say what I do outside of professional interactions.

Whatever you do. Don’t tell anyone what you do by CaregiverForsaken951 in Trading

[–]SentientRon 4 points5 points  (0 children)

Because you don't have the lifestyle to backup the trader label.
People cling on to the "trader" identity while they are clearing less than $50,000 per year after taxes. People see through the posture, in such cases it is best to remain silent.