These days, we've been seeing a lot of AI assistants in trading — tools that can analyze the market in seconds, place trades, and even advise on stop-loss and sell orders, just like the one mentioned by this Twitter KOL:
http://Https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu\_mW42M39F8NZw\&s=19My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?
Regarding the KOL, the AI he showcased analyzed the market, placed the trade, and sold it. Not gonna lie, I’m impressed. I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.
Has anyone else here used a similar AI for trading? What was your experience like?
I have no idea since I would not trust any AI bot to
automate/handle my trading for me. Call me old fashioned but one small tiny glitch or bug and it will grind your money down into nothing and by the time you notice, it could be too late. So that is not something I want for myself.
But when it comes to using AI as a tool
, then that is something I can condone, because that is exactly how I use AI for my trading. It can gather good FA/TA but I make my own comparisons with the data it gives me.
The data is good but not as up-to-date as I would like it. Also, it sometimes hallucinates. So blindly trusting the AI is not a good idea.