Best AI for Trading

ChatGPT

• Used to learn about trading setups and mentorship.
• Provides insights, guidance, and calls out errors.
• "i told it i wanted a “mentor” who didn’t flatter me, who called out errors in my thinking by asking me questions, and who had the energy/vibe of “Mark Baum and Barry Jenkins with a smudge of Mark Cuban”
• "yes, i am autistic. (and it’s fabulous)"

TG Bot

• Generates trading signals using AI.
• Can be followed blindly but not recommended.
• "I’m following it blindly and in profit now."

Claude AI

• Used to build programs that scan for real-time metrics.
• Provides trade projections and analysis.
• "I'm using Claude to build me programs that scan for different real time metrics."

Pros

• ChatGPT: Offers mentorship, guidance, and eliminates errors in trading thinking. Great for learning and intuition.
• TG Bot: Generates trading signals leading to profits when followed.
• Claude AI: Helps in scanning real-time metrics, offering trade projections.

Cons

• ChatGPT: Limited TA and detailed trade parameters.
• TG Bot: Risky to follow blindly without understanding.
• Claude AI: Hit and miss results, not entirely systematic.

Using AI in Trading

• AI works best as an assistant, not a standalone expert.
• Use AI to enhance trades, not replace human decision-making.
• AI can aid in automation and efficiency but should be used with caution.

Data and Tools

• Clean, reliable data is essential for successful trading.
• Free: Utilize the yfinance library in Python for learning but not live trading.
• Paid: Consider Polygon.io for high-quality real-time and historical data.

Overall

• Incorporating AI like ChatGPT, TG Bot, and Claude AI can aid traders in analysis, signal generation, and trade projections.
• Utilizing AI as an assistant alongside reliable data can enhance trading strategies and decision-making.