Tackle Today: The Rise of AI
February 19, 2019
≈ It ain’t no place for rock’n’roll. ≈
It’s one of those days you wake up and the first thing you read is an article that tells you AI is taking over journalism. Not that for a long time we didn’t want to dump those crappy newspapers with their 99% opinion/1% facts ratio. We have to be careful what we wish for, though.
One of the articles has this piece of a horror sci-fi movie plot:
“Roughly a third of the content published by Bloomberg News uses some form of automated technology. […] Cyborg helps Bloomberg in its race against Reuters, […] as well as giving it a fighting chance against a more recent player in the information race, hedge funds, which use artificial intelligence to serve their clients fresh facts.”
Another article that I’ve stumbled upon—yes, that was not my lucky day— begins with this piece :
“I wrote the first two sentences in italics below […]. Then, a new computer program created at OpenAI wrote the rest, on the first try.”
Now you couple AI journalism with high-frequency algorithm-driven trading, AI-driven hedge funds and you got a market that goes whatever “they” want, driven by news that “they” want to write based on data that “they” produce and gather.
We are going to face an unbearable volume of “information”.
…
(Musk) “I will not be able to hold the candle to AI.”
(Rogan) “[…] This is a genie that once it’s out of the bottle you’re never getting it back in.”
(Musk) “That’s true.”
…
When the machines take over,
It ain’t no place for rock’n’roll.
Chart of the Day
Maslow’s Hierarchy of Needs
This is a frequent portrayal of Maslow’s hierarchy of needs, a pyramid. The goal of Maslow’s theory is to attain the higher ground, self-actualization. It states that the individuals’ most basic needs must be met before they become motivated to achieve higher level needs.
There was no Wi-Fi connection in 1943.
Video of the day
How to estimate reward to risk ratio on a bearish trade
Learn how to quickly estimate reward to risk ratios for your directional swing trades.
Today’s line up
Tales of a Technician
How to catch a falling Coke
One of the perks of using options is yield enhancement. Through the use of short puts and covered calls, derivative traders can take an otherwise lackluster dividend and make it POP! Like adding color to a black and white photo.
Traders Lounge 11PM 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
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.
Financial freedom is a journey
The Tackle Today series is brought to you by Tackle Trading.
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
# Sign up now for a 15-DAY FREE TRIAL #
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
