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Kosta Ouzas, a former 25-year discretionary trader, argues that algorithmic trading beats manual trading because algorithms never get tired, scared, or biased. They execute the same way every time, which is the real edge.
Kosta Ouzas, a former 25-year discretionary trader, argues that algorithmic trading beats manual trading because algorithms never get tired, scared, or biased. They execute the same way every time, which is the real edge.
With algorithmic trading, it's kind of like what we're allowed to do is we're like trading whisperers, right? For 25 years I've been a discretionary trader myself. And even the best discretionary traders, the traders that make their own trading decisions, manual traders, at best they're just above 50% win, loss, gain loss with the algorithms, what's so interesting about them is they allow you. It's actually like we're saving manual traders from themselves. If we're in an industry where 99% or 95% of all trading volume is algorithmic electronic, then it would stand to reason how would you have a chance to compete against that manually? When algorithms, they don't sleep, they don't eat, they have no fear. All they do is execute seamlessly over and over again. So when this opportunity came to be involved with a company that has its own professional trading algorithms, it was a no brainer to be able to pass that information and that technology onto other traders to save them from themselves.
