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How to use AI for Trading_ ( Best Way)
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00:00In this video, I am going to tell you how you can use ChatGPT to use a trading mentor, how
00:05you can improve your trading performance, how you can spot your losing patterns, how you can spot your winning patterns
00:10and actually become a better trader for absolutely free.
00:13Now, if you will see ChatGPT, I am using a completely free account, there is no activity, so that I
00:18will explain you correctly that as a trader, you can use this particular technique and how you can make the
00:24most out of it.
00:25So, the first thing is, here you can use ChatGPT or any AI model, you can use Claude, Manus, Gemini,
00:32but here the ChatGPT is very simple, so that I am going to use ChatGPT for convenience.
00:37When you open the chatGPT, first of all, you have to train the AI model, to tell you how to
00:43guide it, because of course, in the AI model, you can add something to it, you can't expect that you
00:47will become a better trader, you will become a better trader, you will become a better trader.
00:49So, that's why I am going to paste a prompt here, this is a very big prompt which I have
00:53made for you.
00:53I will put this particular prompt in the description of the video, where you can copy and paste it and
00:59put it in your particular AI model.
01:01So, let's read this prompt properly, what is written in the prompt?
01:03Act as my personal trading mentor with 10 years of experience. Every weekend, I will share my trading performance with
01:08you, which will be my trades, profit and loss statements and reflections.
01:11Your job is that you want to be a disciplined, consistent and profitable trader to become a trader.
01:15Every week, I want to review my performance, I want to point out my mistakes and blind spots.
01:19I want to see my winning and losing patterns.
01:21I want to show my decisions right or wrong.
01:23I want to show this to me.
01:24I want to give me an action plan.
01:25Whatever I want to do, what I want to follow, what I want to follow.
01:29I want to track my progress. I want to give my performance rating.
01:32And below, I have given the rules to AI model.
01:34Be honest and objective and constructive.
01:36Do not sugarcoat my mistakes.
01:37Because there are a lot of AI models that are very meaty meaty.
01:39You have to write it here.
01:41Don't sugarcoat my mistakes.
01:42If I'm wrong, please tell me.
01:44Explain your feedback in a simple language.
01:46So that you don't know advanced terms and conditions.
01:49So that you can understand easily.
01:50Focus on helping me to improve, not predicting the market.
01:53We don't become gamblers.
01:54We improve as a trader.
01:55This will be process driven and will help you.
01:57Use my actual trading data. Never invent missing information.
02:00This is very important.
02:01If you look at the chat GPT, if you look at the chat GPT,
02:03you will see that it will give you some judgment.
02:05It will give you some questions.
02:06So that's why I want to add this too.
02:08Don't worry about yourself.
02:09What I will give the trading data,
02:10I will take the basis of the decision.
02:12I will tell you exactly what to do.
02:13If you notice recurring mistakes, point it out.
02:15If you have a mistake, you will point it out.
02:17And if you want to ask this information,
02:18you will also ask yourself.
02:19Focus on long term improvement rather than short term profits.
02:22Our whole goal is that long term profitable trader
02:25is a process driven job.
02:27Not that we focus on short term.
02:29Format is a weekly review like this.
02:31How did the weekly performance happen?
02:32What I did well.
02:33The whole format is good.
02:34You can read it later.
02:35But first, what do we do?
02:36We will put this particular prompt in the chat GPT.
02:38Now, my chat opened here.
02:40Now, when I want to review my weekly performance,
02:42I just want to open the chat box here.
02:44And review my weekly performance here.
02:46Now, you can see.
02:47I put it in it.
02:47The whole thing has come.
02:49It has come.
02:49It has come.
02:50It has come.
02:51You can do it.
02:52What do you trade?
02:53I trade Forex.
02:54What is your trading style?
02:54How long have you been trading?
02:56I put more than 3 years.
02:58How much do you risk per trade?
02:59I put more than 3 years.
03:00I put 2%.
03:01Do you have a return trading plan?
03:02So, you can put your trading plan here.
03:03Whatever trading strategy you follow,
03:05you can write here.
03:06What is your biggest goal right now?
03:08Become consistent discipline.
03:09Reduce.
03:10Whatever I put here.
03:11I put it here.
03:12Become consistently profitable.
03:13Establish my trading baseline.
03:15I put it here.
03:15I gave it more information.
03:17It was my other information.
03:18My trading mentorship is set up.
03:20It has all my baseline and baseline decided.
03:22My trading profile has made my trading profile.
03:23Now, in this particular chat,
03:24I can ask myself,
03:25I can ask myself,
03:27what I'm wrong.
03:28What I'm wrong.
03:29So,
03:29now,
03:29you have a personal AI mentor ready.
03:32Where you can discuss your trading problems.
03:34You can explain your strategies.
03:36You can check your trading strategies.
03:37You can check your trading.
03:54Okay.
03:54If you have any other mentor,
03:55you have to talk about it.
03:57You have to talk about AI.
03:57Here,
03:58you can explain it.
03:59You will give you data.
04:00You will spot your winning patterns.
04:01You will spot your winning patterns.
04:03You will help you.
04:03And treat it like a journal.
04:05It will be better in my opinion.
04:06Completely,
04:07any kind of thing,
04:07it will never be good.
04:10So, here,
04:10my mentorship is set up.
04:11Now, what do I do?
04:12My small account is in FortressFX broker.
04:15If you are trading in Prof form,
04:16or trading in Legion funding,
04:17or trading in broker,
04:19or trading in TradeFX book,
04:19or trading in TradeFX book,
04:19like the platform,
04:20you have to connect your trading performance.
04:22What do I do?
04:23Export data.
04:24So, here,
04:24I clicked on this week.
04:26Here,
04:26I will export my data.
04:27I will export it in the CSV file.
04:29The TradeFX book file.
04:30I will upload it.
04:31Here,
04:31I have to upload it.
04:32I have my trading CSV file.
04:34I have written it.
04:35Here is my weekly performance.
04:35It will take a little time.
04:37I am on the free plan.
04:38I have done it on the free plan.
04:39So, that everybody who doesn't have a paid plan,
04:42also understands exactly who to use it.
04:44Let's go.
04:44He has done my analysis.
04:45Net Realize P&L.
04:46$300 profit.
04:48Largest winning position is $166.
04:49Largest losing position is $13.
04:51Gross profit is $400.
04:52Gross loss is $67.
04:53Net Realize P&L is $331.
04:56You can see it as you can see.
04:56Weekly Summary how you performed.
04:57Your recorded net result was $331.
05:00With a 50% win rate.
05:01When each exported position is counted separately.
05:03Your profit factor was approximately.
05:05Let's go.
05:05Data points are telling you.
05:06You captured a strong move on the index position.
05:08Your two Nasdaq short positions earned a combined $331.
05:10This was the main contributor to your overall profits.
05:12Okay.
05:12My Nasdaq short position earned a short position.
05:15Your recorded losses were relatively small.
05:17I mean my losses were actually small.
05:18Your gold trading recovered from an earlier losing sequence.
05:21Six losing gold positions from $11.41.
05:23Entry group total $67.
05:25Later gold recovered approximately $66.
05:26Leaving gold almost exactly break even overall.
05:34The data shows these outcomes.
05:38But it doesn't tell me whether you followed your plan.
05:40Entered for valid reasons.
05:41And managed the positions correctly.
05:42I won't assume good execution.
05:44Just because the final P&L was positive.
05:45This is a good thing.
05:46But at the same time you also need to understand.
05:48That you can't judge the execution here.
05:50Because you can judge the chart.
05:53You can judge the chart.
05:53Your exact entry, timing and timing.
05:55All of the things you know.
05:56If you are going to try it.
05:57Then you won't judge the execution.
05:59Because it has not.
06:00You need to understand.
06:01That the chart in the background.
06:03You can judge the chart in the background.
06:05This is one drawback of using chart.
06:07My biggest mistake.
06:08What needs investigation.
06:09So what I'm telling you.
06:10Mistake number one.
06:11Multiple positions may be concentrating your risk.
06:13Okay.
06:13Your file contains several positions.
06:15In a nearly identical time.
06:16With the same instrument.
06:17With similar lot sizes.
06:18Of course.
06:18I'm going to trade in the account.
06:19I'm going to pyramid.
06:20And open many small positions.
06:22Here it has pointed out.
06:24That it has opened 6 0.1 lot.
06:26With the loss of $67.
06:27Within seconds.
06:28Close to the same exit price.
06:29This looks like.
06:30One cluster of exposure.
06:31Rather than six.
06:32Clearly independent.
06:32Of course.
06:33This is a cluster of exposure.
06:34Independent trade idea.
06:35So it has picked it right.
06:37The instrument.
06:37According to gold.
06:38I have a break even.
06:39In Nasdaq.
06:40I have a profit.
06:41Generated $12 position.
06:42With an aggregate result.
06:43Of minus 0.1.
06:44This is not necessarily a bad outcome.
06:46But it raises the question.
06:47Are you taking too many entries.
06:48Without a clear enough edge.
06:49So this is a valid doubt.
06:50Okay.
06:50The data alone cannot tell us.
06:52Which explanation is correct.
06:53Okay.
06:53Fair enough.
06:53What I wanted to examine.
06:54Do you have a fresh set up.
06:56Each entry.
06:57Okay.
06:57Even if it has no data.
06:59Then you have a genuine question.
07:00I am trying to examine.
07:02Do you have a fresh set up.
07:03Or have you taken your cluster entries.
07:05Of course.
07:05I will tell you.
07:06I have taken a pyramid and cluster entries.
07:08That is absolutely fine.
07:09Your profits heavily depend on two positions.
07:11Approximately 100% was on Nasdaq position.
07:13Which is okay.
07:13Patterns I should notice.
07:14Position 12.
07:15Winning records.
07:165.
07:16Losing records.
07:17Record level win rate.
07:18Nasdaq 100%.
07:19Of course.
07:20Because I have only majorly two trades.
07:21In gold.
07:22And in Nasdaq.
07:22These win rates count individual position records.
07:25Because several positions appear.
07:26To belong to the same entry cluster.
07:28So.
07:28What happens here.
07:29Here.
07:29It has taken my multiple trades.
07:31One entry account.
07:32Because I have understood.
07:33That I have clustering.
07:34Which is a good thing.
07:35Next week's action plan.
07:36Define risk for the entire trade idea.
07:38Before entering.
07:39Calculate your total potential loss.
07:40Across all positions.
07:41That belong to the same set up.
07:42A very good suggestion.
07:43Because if my place is another.
07:45Clustering.
07:46Pyramiding.
07:47Multiple.
07:47Full margin.
07:48So.
07:49For that.
07:50To define risk.
07:52If you don't define risk.
07:53Or against a spike move.
07:55Then your account will blow.
07:56Which is a good thing.
07:57Record the reason for every trade.
07:58Journaling.
07:59Which is again.
08:00A good thumbs up.
08:01Separate your results by instrument.
08:02Keep separate records for gold.
08:03Indices and currency.
08:04Don't increase risk.
08:05Simply because.
08:06One instrument performed well.
08:07This is again.
08:08A very good advice.
08:09Just because my Nasdaq.
08:10Profit over.
08:10This means.
08:10That I should increase.
08:13Which is again.
08:14I believe.
08:14Fantastic advice.
08:15Track my progress.
08:16This is my progress.
08:17I have tracked.
08:17My final rating.
08:185.5 out of 10.
08:20Which is a bad score.
08:21Low confidence.
08:22ChatGPT.
08:23Your recorded outcome.
08:24Is positive.
08:25And your gross profit substantially.
08:27Exceeds your gross losses.
08:28However.
08:28The sample is very small.
08:29Results depend on 2 index.
08:30And I cannot verify.
08:31Risk management.
08:31From the discipline.
08:32From the export.
08:33Which is a good thing.
08:33I mean.
08:34You can see.
08:34That I could say.
08:36Just because I am in profit.
08:37But still.
08:38ChatGPT.
08:395.5 out of 10.
08:40Which is good.
08:41Before I finalize your assessment.
08:42I need 3 answers.
08:43I am asking another question.
08:44What is approximate trading equity.
08:46In your account.
08:46My account is approximately $1200.
08:49And you say 2% what do you mean.
08:50Across the entire setup.
08:51Included added position.
08:52Yes.
08:52Why did you open multiple gold.
08:54Short positions.
08:55Close together.
08:55Here.
08:56I was.
08:57Pyramidic.
08:58Let's see what it says.
08:59Your actual risk budget.
09:00Your risk 2% limit.
09:01Record net profit.
09:02Your profit relative to starting equity.
09:04Largest position recorded.
09:05Is equivalent to 27% of its traded.
09:07Of course.
09:08I would say that I was taking a lot of risk.
09:10My risk limit.
09:11According to my pyramid.
09:12Of course.
09:13I am taking a lot of risk.
09:14And now.
09:14My trading performance.
09:155 points.
09:16It has 4.5.
09:17Because my risk concerns.
09:18It has identified.
09:19It is a good thing.
09:20So this is giving me honest answers.
09:22That means.
09:22If you will also use it.
09:23You will also get honest answers.
09:25You will also get correct feedback.
09:26In the chat GPT.
09:26Through.
09:27Now this is a drawback.
09:28If you use the chat GPT.
09:29Then you will open the chat GPT.
09:31You will open the chat GPT.
09:32You will open the chat.
09:32You will have to add data.
09:34You will have to export data every week.
09:35Which can be honestly.
09:37A big problem.
09:38Sometimes.
09:39If you use a trading platform.
09:40Or you cannot export.
09:42At the end.
09:43This is AI.
09:44And most importantly.
09:46Like I told you.
09:46This is the biggest drawback.
09:48That it has no data.
09:50This does not have.
09:51Chart data.
09:52So.
09:52Chat GPT.
09:53It cannot.
09:54Judge your execution.
09:55Which is very important.
09:56Chat GPT.
09:57I do not know.
09:58If you are sending it.
09:59To trade execution.
10:01Then.
10:01Do you journal it.
10:03Or not.
10:04Or do you.
10:05How is your total performance.
10:07So.
10:07There are definitely.
10:08A lot of drawbacks.
10:09Don't do all this hassle.
10:10You don't want to.
10:12Go through all of this hassle.
10:13Of exporting the trade data.
10:14What you can do.
10:15Is.
10:16Go to trade FX book.
10:17Trade FX book.
10:18Is the best.
10:18Back testing.
10:19Journaling.
10:20And AI software.
10:21Where.
10:22You can do all of your work.
10:24On one software.
10:25Here.
10:26Back testing.
10:26Journaling.
10:27Position sizing.
10:28Analytics.
10:29You can connect.
10:30AI powered reports.
10:32Community.
10:33Every single thing.
10:34Is there.
10:34And all of this.
10:35Is just.
10:36$20 per month.
10:39This is not even about.
10:42Trade FX book.
10:43This is about.
10:44The AI report.
10:45Feature.
10:45Trade FX book.
10:46Here.
10:47You can see.
10:47The report.
10:48We have generated.
10:50This report.
10:51You can get.
10:53Here.
10:53A sample report.
10:54I have made.
10:55Here.
10:55You can see.
10:55This report.
10:57I have made.
10:58About $1,800.
10:59In this.
11:00In this.
11:01This is.
11:02What are you doing?
11:05What are you doing?
11:06What are you doing?
11:08You need to see.
11:09Restrict all trading.
11:10To the NY overlap.
11:11In this particular time.
11:12You do not do trading.
11:13Increase wind rate.
11:14To 40 percent.
11:15By cutting.
11:15B setups.
11:17So.
11:18Cut.
11:18Just with A plus.
11:20Journaling mandated.
11:21I can find.
11:23My dashboard.
11:24On top of that.
11:25I can do backtesting.
11:26I can also test my strategies here, that is also the best thing
11:30Traders' lounge here, so if you buy TradeFX book from my link
11:33You will get access to the Traders' Lounge
11:36Where I will update trades regularly, here I will add trades
11:39If I have a good set up here, I will update trades in Traders' Lounge
11:43So TradeFX book is basically a software which completes every purpose for you as a trader
11:49Which I have shown you in ChatGPT
11:51Prompt, all these things, this whole process will skip
11:54In any way, you have to pay for ChatGPT Premium
11:56Because if you have a long chat, you have to upload files
11:59You will also know that you have to pay for ChatGPT Premium
12:02So it is better that you can play the TradeFX book
12:04You will get all these things, plus backtesting
12:09And most importantly, if I open trade analysis
12:12This will also be your chart execution
12:15Because it has chart data
12:17So here you can see that my exact entry here, my exact exit here
12:20So it has also read my chart data
12:22So this will also be able to judge my execution better
12:26So here, this is the best thing if you can afford it
12:29If you are a complete beginner, you don't have any money
12:32Honestly, Rs.2000 a month is absolutely nothing
12:35It is very very very affordable
12:37If you don't have enough capital, not enough money
12:39Then you always have ChatGPT
12:41Here I have told you how to do ChatGPT
12:43How to do the whole thing in free
12:44But in my opinion, this must have platform for a trader
12:48So it is only $20 per month
12:50And this includes every single thing
12:52Also, I have made a complete YouTube video
12:55About how to use it, how to backtesting it
12:57I will also put it in the description
12:59If you want to see that
13:00And again, if you want to join TradeFX book
13:03The link is in the description
13:03If you join my link
13:05You will get access to the Traders Lounge
13:07Where I will update my trades
13:09So I hope this makes sense
13:11And I hope you get a new idea
13:12That how to use ChatGPT and AI
13:14And of course, if you want to skip all of that
13:16TradeFX book, the best platform
13:18Highly recommended
13:18I will see you in the next video