Drive my car first 🚘 | Tackle Trading

≈ 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.

Originally published at tackletrading.com on January 15, 2019.