You must have realized how important a trading system is by now. You might even be eager to open ChatGPT and ask it to write you code for a trading system that makes money every day. But soon you’ll run into a new problem: no matter what kind of trading system you get, it has…
Tag: AI trading for beginners
The Myth of Technical Indicators: Do Technical Indicators Really Work?
A friend of mine told me that he had just followed a great trader and had already made 20% because the price went up every time this person bought stocks. He said that this trader used a very powerful method called Chan Theory, and his technical indicators are very powerful. “I know Chan Theory,” I…
The Myth of High Win Rate Trading Systems
Everyone wants a high win rate trading system, but it will harm you. Once upon a time I was watching a video on YouTube by a so-called influencer who was introducing a trading system for cryptocurrencies, and the first thing he said was, “This trading system has a very high win rate, over 90%!” I turned off…
Why Do You Keep Losing Money?
I Know Your Pain I began my journey into the stock market two decades ago while I was still in college. At that time I was completely unfamiliar with stocks. I recognized that there were red and green bars on the chart, but I was completely unaware of the companies and enterprises behind those stocks….