≈ Then I’ll let you touch my money. ≈
It’s incredible how fast this robo-advisor, high-frequency trading, algorithm-driven investing and the general use of A.I. in the financial markets is growing. Focused solely on retirement accounts, these guys are shaping the financial future of millions of people. In 2016, robos managed $126 billion in U.S. assets. That’s a lot of money and it’s growing at an alarming rate.
Driving is much easier than investing. Doubt that? OK, I bet you can name 100 successful drivers but you can’t name the same amount of individuals that became successful traders and investors. You would have to go back a full century just to list half of them.
“Successful drivers”, that is nonsense. I agree. Just drive safe to your destiny, come back home in one piece and there you go: a successful driver. It doesn’t take years to learn how to drive. As for investing…
Just click “buy” and “sell” and you have a successful investor? Not at all. Some might think that investing is just reading the news and clicking buttons but there’s much more to it.
Self-driving vehicles, so far, have a bad curriculum. I bet there will come the day when they won’t kill or injure anyone. Now, if driving is much easier than investing and I wouldn’t let my wife and daughter go inside a self-driving vehicle why in Heaven or Earth should I let a robo run my money?
Drive my car first, then I’ll let you touch my money. Beep beep’m beep beep, yeah.
Chart of the Day
The Future of A.I.
The chart above shows forecasted cumulative global artificial intelligence revenue 2016-2025, by use case. Algorithmic trading strategy comes in second, way ahead of many other easier tasks. (Source: statista.com)
Video of the Day
Trading With Your Brain (And others’ too!)
Coach Noah Davidson talks about the power of having the right set of brains around you, and how this will help you become a better trader.
Today’s Lineup
TALES OF A TECHNICIAN
The Bear Tamer Goes Global
As we highlighted in last week’s Options Theory blog, the Bear Tamer system has been operating as planned with our mock investment in the Russell 2000 ETF (IWM). The original reason for using IWM as our go-to ETF was simple: it was cheaper than SPY, DIA, or QQQ thus making it easier for traders to snatch-up the 100 shares necessary to deploy the Bear Tamer.
Traders Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
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