Post
Topic
Board Trading Discussion
Re: How can you use ChatGPT for day trading
by
justdimin
on 25/07/2025, 15:30:30 UTC
You can't really rely on AI of course after all you supposed to be the one analyzing or doing the strategy, AI is just a tool you can use to make things easier, for instance you have already a working strategy and you wanted to apply it on your bot but you don't know how to code, then you can use AI to create a script with your conditions and back test everything before going live.

Sometimes I also use AI to ask what's the news of that may affect the price of Bitcoin, or what major things are happening in crypto world that may affect prices. My point is, letting AI do everything and rely on it is not a good idea, but utilizing it to make your life easier, get better result or have a new idea for improvement of your strategy is the best way you can maximize this tool.
Even that is risky, as someone who used AI coding, I can tell you that it makes a lot of mistakes. And if you are not a coder yourself and can't find the mistakes, then you are not going to get any good results from it. I understand some people may want to, but it is not going to happen.

So you need to know coding a bit, and make things easier for you when you use AI, that way you are going to get good results, because if AI makes a mistake which it probably will, then you will know what to do to fix it. However, as a non-coder, you will just look at it and don't know what's wrong. Worst is, if it doesn't give error, but doesn't do what you need it to do, then it will do even worse because that will not be simple at all, because you will get bad results and won't know why.