There has been a huge surge of AI trading systems in recent months. Many of these are scams and con artists taking advantage of the retail traders and small funds managers.
The professional side has not adopted AI for autonomous trading decisions. The professional side uses AI mostly for routing on the millisecond to execute their orders rapidly to get the best bid or ask price.
Retail news, retail gurus, retail recommended stocks are deluged with AI promotions.
Be careful what you choose to experiment with.
Most of you could start with something very simple, documenting each of your trades to make it faster and easier to do your tax forms as a Hobby Trader which is the IRS term for traders who are not Trading As a Business.
You could also track the daily data from charts using AI at the end of the week to summarize.
What you should really do is learn how to identify Dark Pool hidden accumulation. This requires more in-depth analysis than an AI is capable of right now.
When asking a question of your AI, always remember that there is language barrier between you and your AI until the AI has learned your personal style of syntax, word references, sentence structure etc. It takes time and effort to get your AI to really be a wonderful tool in your trading. There are 7 different neural net "libraries" of information that your AI may use to answer your question or provide details etc.
The professional side has not adopted AI for autonomous trading decisions. The professional side uses AI mostly for routing on the millisecond to execute their orders rapidly to get the best bid or ask price.
Retail news, retail gurus, retail recommended stocks are deluged with AI promotions.
Be careful what you choose to experiment with.
Most of you could start with something very simple, documenting each of your trades to make it faster and easier to do your tax forms as a Hobby Trader which is the IRS term for traders who are not Trading As a Business.
You could also track the daily data from charts using AI at the end of the week to summarize.
What you should really do is learn how to identify Dark Pool hidden accumulation. This requires more in-depth analysis than an AI is capable of right now.
When asking a question of your AI, always remember that there is language barrier between you and your AI until the AI has learned your personal style of syntax, word references, sentence structure etc. It takes time and effort to get your AI to really be a wonderful tool in your trading. There are 7 different neural net "libraries" of information that your AI may use to answer your question or provide details etc.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.