Sharebazar
What are your views on this startup by iit Ian's who use Ai to predict markets and pay you 3000 monthly on 1lakh investment
Most likely scam, during college I put ₹500 in another app of similar concept, advert by some cricketer.
Couldn't ever withdraw the deposited amount, let alone any gains, if i remember correctly Costa savings was it's name.
Most likely scam. There isn’t much alpha in using AI for the markets. The only edge in the markets is knowing information faster than anyone else.
From 1814 great stock exchange fraud (Few people got to know Napolean won, they spread news that he's dead, and bought everything cheap) to having co-location as near to the exchange as possible in order to save on nanoseconds of time.
Faster == money.
Read official RBI papers on algo trading.
Leave AI, very few even use machine learning.
Everyone has only data analytics. If things like sentiment analysis is termed as ai/ml, I have nothing to say over it.
Less than 1% may be using AI ( worldwide ).
We are also an algo trading firm with a good track record, with a solid tech team. Our analysis says, using AI/ML dont produce consistent or confident result. Not yet.
3k / 1lk = 36% is achievable, on an average, if your stay in the system for longer period. I don't deny that, we do more than that. But guaranteed 3% a month consistently is not possible. Markets themselves are not of that nature.
