When it comes to risking money whether it’s in trading or gambling, it’s never a good idea to fully rely on AI to make decisions for you. That approach just doesn’t work long term. You can definitely use AI as a tool, for research, answering questions, maybe spotting patterns but that’s only around 10% of what really matters. the other 90% comes from your own analysis, experience, and judgment.
Always remember: AI might do the math, but it’ll never think the way a human does.
If I want to trade, I do not use AI at all to do anything for me, I prefer to do all the trading myself. Although there are ways that AI can help humans in trading which are
nitnot for profit, but I still prefer to do my thing myself. I see AI as a lazy way of doing it and I avoid
it because it takes just little
ifof my time
to do the trading myself.
Well, sometimes I use them to analyze the current BTC chart by sending multiple screenshots on different time frames. Honestly, it gives me a good insight I don't just follow the recommended entry, SL, and TP, but I take the analysis of ChatGPT that I can use for my entry and exit plan based on price action.
The good thing is it helps you learn how to analyze the chart. If you are a newbie or beginner, it helps a lot to teach you how to analyze but asking chatgpt where to put entry and exit, I don't recommend it. Better plan your entry with risk management.
Has it given you good plan about selling instead of buying? Also in total, what has been the success rate in both buying and selling?
I mean in percentage.