Trading Class

Lessons › AI tools for traders

World 8 · 14 lessons

AI tools for traders

Using AI assistants to read charts, write plans, journal, summarize news, check biases and backtest, while guarding against hallucinations, overfitting and scams.

  1. 1. What AI can and cannot do for a traderAI is a fast helper for reading, writing and organizing, not a crystal ball that knows tomorrow's price.
  2. 2. Asking good questionsThe clearer your question, the more useful the answer, so say what you have, what you want and how you want it.
  3. 3. Reading a chart screenshot with AILet the AI describe the chart, then check every number and level it gives you with your own eyes.
  4. 4. Hallucinations: sure-sounding and wrongAI can invent facts that sound real, so a confident answer is not the same as a correct one.
  5. 5. Verify everything: a checking routineBefore acting on anything AI tells you, check it against the chart, the data and a trusted source.
  6. 6. Writing a trading plan with AIYou decide the rules; the AI helps you write them down clearly and points out what is missing.
  7. 7. AI-assisted journalingWrite down every trade, then let the AI help you find the habits hiding in your notes.
  8. 8. Summarizing news with AIAI can shrink a long article to a few lines, but you still need to check when it happened and who said it.
  9. 9. Using AI to challenge your ideasAsk the AI to argue against your trade, because the most useful check is the side you do not want to hear.
  10. 10. Screeners: find setups by rulesA screener checks thousands of charts for your rules in seconds, so you only look at the ones that fit.
  11. 11. Alerts: let price come to youSet an alarm at your level and walk away, so you trade your plan instead of staring at the screen.
  12. 12. Backtesting an idea with AI-written codeAI can write test code fast, but you must check that the code only uses information that was known at the time.
  13. 13. Too good to be true: AI traps and scamsIf an AI strategy or bot promises big, steady profits, it is almost certainly overfitted, misleading or a scam.
  14. 14. Your AI-assisted routine, safelyUse AI before and after trading to prepare and learn, but keep the decisions and your private data with you.