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Tackle Today: Flesh and bone trader

November 26, 2019

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Tackle Today: Flesh and bone trader

« Humans vs. AI »

I know we would sound cool and hype praising the presence of AI in all instances of our lives. From minimalistic devices that bug our own house to invest and trading and everything in between. That is definitely not the case.

Picking songs on a 20,000+ playlist is a piece of cake for any AI-capable device. Moving objects from point A to point B sounds very simple and driving vehicles should not be a problem to these smart robots.

However, which song would represent the birth of your child or the moment you heard his/her fetal heart beating for the first time? Would they know?

What about driving? For humans, safety isn’t just a ‘Try not to hit something’ approach. There is much more complexity in decision making while driving a vehicle.

What about trading and investing? Asset prices swimming in abundant, exuberant human complexity: millions of interactions, biases, emotions, and perceptions; it’s all in there.

Humans are immersed in complexity and context and so are the things we build around us. AI devices will never know the taste of that particular meal that only your grandmother knew how to cook and all the emotions that arise from just remembering it.

And they will never learn how to trade like us.

“I’ve seen things you people wouldn’t believe. Attack ships on fire off the shoulder of Orion. I watched C-beams glitter in the dark near the Tannhäuser Gate. All those moments will be lost in time, like tears in rain.”

Blade Runner, 1982 —

Chart of the Day

20 Years of Quantum Computing Growth

This chart shows the quantum computing systems produced by organizations in qubits, between 1998 to 2019. (source: Statista)

This chart shows the quantum computing systems produced by organizations in qubits, between 1998 to 2019.

Quantum advantage refers to the moment when a quantum computer can compute hundreds or thousands of times faster than a classical computer, while quantum supremacy is achieved once quantum computers are powerful enough to complete calculations that classical supercomputers can’t perform at all.

(source: Statista)

Video of the day

Renaissance Man: Jim Simons

The Institute for Advanced Study honors the man who solved the market.

Today’s line up

Tales of a Technician

Base, Meet Space

My original intent for today’s piece was to focus on implied vol versus historical, but the eye-popping breakout in small-caps demands an audible. I’ll pick up on volatility in Thursday’s Options Theory blog.

Traders Lounge 11 PM 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 8:30 PM 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 12:30 PM 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.

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