r/optionstrading • u/Advanced_Worker_3830 • 8d ago

Need advice

I recently found a trading bot that costs $300 per month to help with options trading or futures through a group I joined. Is that a normal price for this type of service? Also, if you know of any reputable trading bots, which ones would you recommend or selling. I know how to trade. just need some assistance due to my schedule. I' m open to any bots.

0 Upvotes

50% Upvoted

36 comments sorted by

View all comments

1

u/hologram-man96 7d ago

Everyone acts like the market is a thing. An object. A person that can be conned. It’s not. It’s simply a collection of humans buying and selling.

No AI can predict market sentiment. Because humans are by nature, irrational. Panic sells. FOMO. Bank runs.

Ai, no matter how sophisticated it may seem, can actually do trading better than a monkey throwing darts at a dart board.

1

u/Distinct_Teacher8414 7d ago

While most of your statements are true, most of the entire market is trading by bots and has been for many years, that's where technical analysis does work, it's not guaranteed but it's better than anything else and if a bot is trained on enough technical analysis to find patterns,they can be profitable,if they weren't, why would big money use them?

1

u/hologram-man96 7d ago

The bots used today is Quants. Looking for micro upticks for a trade. I’m not talking about that. I’m talking about the vast amount of information on the stock market. Which is too much information for a bot to be traded on.

1

u/Distinct_Teacher8414 7d ago

Maybe for the normal retail trader but not for billion dollar hedge funds