money. It is being readied for demands of the Christmas season by tellers George Arnold and Edward Hannan at the Federal Reserve Bank in Philadelphia.In some ways, there’s no better proof positive of the power of artificial intelligence than seeing an AI entity win at stock trading.
Now, for reference, the conventional wisdom as is stands is that a skilled human trader could make 5-10% a year and beat inflation, as well as the S&P 500 index. Maintaining that many competing traders like to inflate news of their own winnings, Materazzi is pursuing a time-tested form of truth-telling on the markets.
These, as Materazzi suggests in his column, are the long plays, the buy and hold strategies, the techniques based on a longer time horizon, and not on chasing quick profits.. “I've met many successful traders over the years—both while working at a hedge fund that managed billions of dollars in daily transactions and after launching my own trading software company—and none of them has claimed to have the secret to overnight wealth. The truth is that trading is hard and often boring.