Author: Thierry Gilgen

There are some uncomfortable truths about trading crypto, which many people refuse to acknowledge. Thierry Gilgen, CEO of MachinaTrader, takes a deeper look into how social media channels dominate information about cryptocurrencies. The market is not purely mathematics. Raw human emotions play a big role, and that includes you potentially getting played. It is easy to be carried away while trading and make an emotional-based decision that results in you being wrecked. That’s not the only unpleasant truth about trading. Your exchange might be using you. Some platforms today built their architecture in such a way as to monopolize the…

It is common knowledge that the best traders have been people who trade without any emotions and execute setups, just like a robot would. With new technologies this has become possible and mundane tasks can be automated, but algorithmic trading also has unclear ethical implications. Between the 2000 dot.com boom and bust and the “Big Short” of the 2008 credit crunch, we heeded the wisdom of the legendary traders of the 20th century – guys like Jesse Livermore (1920s) and Paul Tudor Jones (1970s). The wisdom was to be dispassionate (no emotion) and trade methodically (like a robot) – executing…