See original
Sunshine Poster xlnc
--
About Artificial Intelligence robots for trading.
Ever since I entered the market, 17 years ago, every now and then I am approached by companies selling/renting Artificial Intelligence robots.
Many of these sellers say: "my robots have above-market earnings, you don't have to do anything". When I see people using a trading robot paying R$$ 50.00 per month for a subscription, I wonder if this person thinks or what world they live in.
Think about it: if I need to make money to live, and I have a machine that makes money on its own, why would I rent this machine to others for R$$ 50.00, R$$ 200, R$$ 500 / month? Wouldn't I just have to put a lot of money in for it to work, in proportion to the returns I need?
I have also seen companies charging R$ 700 thousand more than R$ 2 million for a robot. Do they pay for themselves? To this day I have not seen a single person say that their robot paid for itself.
As if that were not enough, how can a person invest their money in something that they do not know how it works or how it makes decisions? You can even rent a robot for a period of time to test it for little money, but if you cannot fully understand its internal logic, I think it is a waste of time.
I do not know of any stories of robots that have consistently made money in the market for long periods. They may work for a while, but they soon degrade.
Giving your money to a robot to work, from a company that no one knows, is like handing your child over to someone to take care of whom you have never met in your life and do not know their background.
In short:
* There is no such thing as a free lunch
* There is no such thing as a cheap, magical money-making robot. If it made money, the company wouldn't need to rent it to you
* An expensive robot doesn't guarantee profits. If it's good, the return on investment is long and risky
* Don't put your money into robots from unknown companies or those that don't have a name to uphold in the market. As for reputable ones, ask for profit reports and read all the documents and contracts about the service.UNDERSTAND THE RISKS.
* Make your own robot if you know how.
Ever since I entered the market, 17 years ago, every now and then I am approached by companies selling/renting Artificial Intelligence robots.
Many of these sellers say: "my robots have above-market earnings, you don't have to do anything". When I see people using a trading robot paying R$$ 50.00 per month for a subscription, I wonder if this person thinks or what world they live in.
Think about it: if I need to make money to live, and I have a machine that makes money on its own, why would I rent this machine to others for R$$ 50.00, R$$ 200, R$$ 500 / month? Wouldn't I just have to put a lot of money in for it to work, in proportion to the returns I need?
I have also seen companies charging R$ 700 thousand more than R$ 2 million for a robot. Do they pay for themselves? To this day I have not seen a single person say that their robot paid for itself.
As if that were not enough, how can a person invest their money in something that they do not know how it works or how it makes decisions? You can even rent a robot for a period of time to test it for little money, but if you cannot fully understand its internal logic, I think it is a waste of time.
I do not know of any stories of robots that have consistently made money in the market for long periods. They may work for a while, but they soon degrade.
Giving your money to a robot to work, from a company that no one knows, is like handing your child over to someone to take care of whom you have never met in your life and do not know their background.
In short:
* There is no such thing as a free lunch
* There is no such thing as a cheap, magical money-making robot. If it made money, the company wouldn't need to rent it to you
* An expensive robot doesn't guarantee profits. If it's good, the return on investment is long and risky
* Don't put your money into robots from unknown companies or those that don't have a name to uphold in the market. As for reputable ones, ask for profit reports and read all the documents and contracts about the service.UNDERSTAND THE RISKS.
* Make your own robot if you know how.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
130
0
Replies 0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number