Stop blindly trusting quant trading! Retail traders running grid strategies are nine times out of ten just working for the exchange
Guys, Bitcoin ($BTC) has been chopping around $84,000 these past couple of days. Have all those wicks up and down left you feeling numb? Looking at this market, are lots of people getting itchy fingers again, wanting to fire up a “quant trading bot” to run a grid strategy, thinking they can sit back and make money from the swings? Here’s the blunt truth: when retail traders dabble in quant trading, nine times out of ten they’re just working for the exchange. I’ve seen far too many people spend thousands of USDT on so-called “quant software with signal-copying,” or follow a tutorial to code their own Martingale (doubling-down) strategy, thinking it’s foolproof. And what happens? One big one-way move is all it takes—say, Bitcoin plunges in a huge red candle, or Ethereum ($ETH) breaks support—and three months of hard-earned profits, along with your principal, can be wiped out in a minute.