Community Information
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Should We Get Rid of Algo-Bot Trading? Yes.
So this goes against one of my core pillars which is efficiency. However, I think retail and instatutional algo-bot trading without human interference should be "illegal" my reasoning. 1. Market manipulation 2. A clear disadvantage vs human capabilities 3. Cyber security risk. One trojan horse or malware could spread and could fully sabotage the us economy.. 4. Market equality, particularly instatutional state of the art bots. 5. Liquidity dominance over human counterpart the bots clog liquidity imagin standing inline to eat and you have to wait behind 10 bots because someone sent their robot to get them food but you're there and ready. You have to wait in line to get your ideal bid. Once we achieve AGI there will be absolutely 0 equality and you can even make the case now that Bots can out perform the best investors in terms of reaction time over several positions at once, and accurate and decisive action instantly1
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