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The Importance of Understanding Statistics and Probabilities While Trading

The Importance of Understanding Statistics and Probabilities While Trading

Aired On

Oct / 27 / 2021
12:00 pm - EDT
Michael Nauss , Sean McLaughlin
Trade Ideas

Humans are great at dreaming up strategies to trade. But when it comes to execution, our limits as humans become exposed. For this reason, TradeIdeas decided to build an Artificially Intelligent Trading Assistant that directly connects to Interactive Brokers trading accounts for auto-trading.

In this presentation, we will cover the benefits and drawbacks of using machines to execute our trading strategies and where the human element can still add a significant edge.

Disclosure: Interactive Brokers

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Trade Ideas and is being posted with its permission. The views expressed in this material are solely those of the author and/or Trade Ideas and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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