How I Use ChatGPT As A Full-Time Trader — Transcript

Full transcript

1. 0:00Charger PT has been a huge help in my trading today.
2. 0:02We'll talk exactly about how that all works.
3. 0:04How you can use it to make money trading in the right way.
4. 0:06A lot of people using it wrong.
5. 0:08So let's dive right into it.
6. 0:09I got a lot of things to share and I'll have for you a free list of prom that I use.
7. 0:13Let's dive right into it.
8. 0:18All right, so I had a discussion with the guy on Facebook a
9. 0:26few days ago who was telling me that you Charger PT to
10. 0:29tell him what to buy and what to sell in the market.
11. 0:31Don't do that.
12. 0:32This is a worse way to use Charger PT for trading.
13. 0:34You do not want to do it.
14. 0:36Actually share about how you lost like 3k in two days in his account.
15. 0:39I want to make it clear again.
16. 0:40Don't do that.
17. 0:41This is not the way to use Charger PT.
18. 0:43There are limitations with AI these days.
19. 0:45You don't want to use it that way, but in
20. 0:46this video I'll share exactly how to use it.
21. 0:48How I've been able to use it myself as a full-time trader.
22. 0:50My list of prom will be linked below.
23. 0:52Don't leave this video yet.
24. 0:53There's going to be a lot of stuff I'll share
25. 0:53here that's important, but you can grab it there.
26. 0:56It's going to be the first link in the description and you
27. 0:58need this if you want to really apply this video correctly in your own trading.
28. 1:01All right, so the myth I've said this before is thinking as
29. 1:04you can just use Charger PT or AI or any other platform, but
30. 1:07I'm going to see here Charger PT a lot because
31. 1:08that's the one I use but you can use other platforms.
32. 1:11Cloud works fine.
33. 1:12Gemini works fine.
34. 1:14Other platforms have not really tested much but they probably work fine too.
35. 1:17Just use the one you prefer totally fine, but don't think
36. 1:19you can just use this AI platform to call out trades for you.
37. 1:22That's not the way it works, right?
38. 1:23This is just not the way it works.
39. 1:25There's no while you could just maybe have a
40. 1:27connection with live market data for your AI platform.
41. 1:31I don't think it's going to be very accurate.
42. 1:32I don't want you to lose money that way.
43. 1:34But the way I use AI really is in two ways.
44. 1:36Way number one is I create my own custom indicators to spot trades for me.
45. 1:40I've done a full video on this a few months back.
46. 1:42Somehow people don't see it too much on YouTube.
47. 1:44I don't know why but it's going to be link over here in the corner.
48. 1:45You can check it out.
49. 1:46I'll also link below.
50. 1:47I go over how I use Charger PT to call my own indicator and
51. 1:50how it's been able to really do stuff that I didn't know how to do.
52. 1:53I'm not a coder myself.
53. 1:54So I couldn't do that myself for sure, but it's been a really
54. 1:57big help to really take the things that I trade, the rules
55. 2:00I want to follow, put them into code for trading you or other platforms.
56. 2:04It also works well and I've been using this since then to
57. 2:07really be able to allow myself to set alerts and spot trades
58. 2:10and even backtest my own strategy if I want to.
59. 2:12So check it out.
60. 2:13It's going to be link somewhere below.
61. 2:14I won't go over this too much in details.
62. 2:16It's also going to be in the prompt list.
63. 2:18I have link below also.
64. 2:20So if you want to go and use that and just copy and paste
65. 2:22it for your own trading, you can just use it right away and
66. 2:25that's going to be huge time saver for sure.
67. 2:27So the other way I've used AI quite a bit is
68. 2:30to make a plan on how to manage my assets.
69. 2:32Right?
70. 2:32I've been trading for multiple years now.
71. 2:35I've been in the market for a while.
72. 2:36I trade full-time, but trading is not the way I want to manage all my money.
73. 2:39I want to be able to invest some of it into specific assets
74. 2:42and into specific markets and AI has been
75. 2:45able to really make a plan for me to do that.
76. 2:48Also how to manage my risk, like what risk percentage goes
77. 2:51into trading, goes into investing, goes into option and cash reserves.
78. 2:56So I know a lot of people that don't do this correctly, like
79. 2:58they put all the money into trading and then
80. 3:01they try to multiply their account really fast.
81. 3:03That's not the way I want to do it.
82. 3:04I want to be able to keep my money protected too.
83. 3:07So part of it is trading, part of it is something else.
84. 3:09And I also talked about this in a post a few
85. 3:12months back where trading doesn't pay my bill.
86. 3:14Trading is a way for me to grow my account and to make returns
87. 3:17that I can then reinvest into other assets that pay me a fixed amount every month.
88. 3:21So each month I know exactly how much I'm
89. 3:23going to make because I don't live off trading.
90. 3:26Trading is a way for me to build that capital balance and
91. 3:29these returns I can then reinvest into other things that have a fixed return.
92. 3:33Yes, returns are lower than trading, of course. Trading makes
93. 3:36me good money, but the returns I have that are fixed, of course
94. 3:39are going to be smaller, but they are consistent and that's what matters most to me.
95. 3:42So AI has been able to make me a plan for that based on my
96. 3:45goals, based on what I want to do, based on where I want to
97. 3:48live also, and based on all this tech stuff that is also quite important.
98. 3:52So before we continue this video, I just want you
99. 3:53to hear quickly how that list looks like currently.
100. 3:55And there's going to be more added to this eventually.
101. 3:57There's a lot more stuff.
102. 3:58So I have all these prompts here that you can use for your own trading.
103. 4:01This is free.
104. 4:02I'll leave you the link below, of course.
105. 4:03But one big one here is strategy clarity.
106. 4:05If you're someone who struggles with knowing what to trade,
107. 4:08knowing what your rules should be like, and you're
108. 4:11not exactly sure, this is a good prompt you can use.
109. 4:13So I'll trade this market on this time frame.
110. 4:16My current strategy is this.
111. 4:17You can explain your rules in very simple text, act like a
112. 4:20professional trading coach and tell me what market condition
113. 4:23the strategy is best for, when it's likely to fail, what one
114. 4:26rule I should tie in to reduce bad trades, keep it practical and non-generic.
115. 4:30This helps you to be able to figure out exactly what to trade.
116. 4:33This is the one I've used to find filters for my style of
117. 4:36trading, where I can actually tell it, okay, I use a strategy
118. 4:39here, Bollinger Band Reversal, when price is outside the Bollinger Band.
119. 4:41I want a mechanical, non-subjective filter, no
120. 4:45kind of eyeballing support in certain areas.
121. 4:47And it suggests me five filters that are quantifiable, easy to
122. 4:49backtest, and non-redundant for Bollinger Band. To
123. 4:51be able to filter out when these trades don't work.
124. 4:53There's a lot of stuff into this, so grab it,
125. 4:55link below and we'll go right back to the video.
126. 4:57One more thing I will say here is that if you are someone who
127. 4:59struggles with adapting to market conditions,
128. 5:01you know, the market changes quite a bit.
129. 5:03We have political events.
130. 5:04We have economic news coming out.
131. 5:06All these things are going to impact the market in some way.
132. 5:08If you struggle with how to really adapt in those times, I
133. 5:11have a prompt for AI too that really kind of helps me with that.
134. 5:14So I basically tell it what I trade, what market I'm focused
135. 5:16on and AI then goes into how to adapt for this, right?
136. 5:21I've also had times where I couldn't find how to filter strategy
137. 5:24correctly and AI will give me ideas of indicators or tools to
138. 5:27look at or kind of things to spot in the market and that will
139. 5:30help me a lot then to really work on how to adjust my strategy
140. 5:35for a specific condition or for a certain filter I want to have in my trading.
141. 5:39So if you want to use this exact list of prompts
142. 5:42that I have, I've put together a whole list.
143. 5:44Currently there are 12 prompts in it.
144. 5:46There might be a few more by the time I publish this video here on YouTube.
145. 5:48I'll leave the link below.
146. 5:49This list will be updated as we move forward and as we become better with this too.
147. 5:53There's plenty of stuff I'm learning.
148. 5:55I want you to also comment below if you have any prompts you
149. 5:56use anything that you use AI for or strategy PT for.
150. 6:00Make sure you are commenting below.
151. 6:02It's going to be cool if we can exchange some things that we
152. 6:04do and exchange some some tips we have for AI too.
153. 6:06It's going to be a big game changer in the
154. 6:08future and I hope you can make the most of it.
155. 6:09Again, don't use it to spot trades or call out trades for you.
156. 6:12Don't use it for that stuff.
157. 6:13Use it for things that can actually build your skills that
158. 6:15you can actually learn from and you can apply for your own trading after that.
159. 6:19If you've got any questions, make sure you comment below.
160. 6:21Let me know your thoughts on this also and I'll
161. 6:22catch you back here in the next video pretty soon.