AI trading for crypto traders

[Oshosondy]

I am not from the US, but my take is i still have a mix feelings for AI automated trade execution portfolio tracking, despite the convinces it provides, I still doesn't trust it to make good decisions during a highly volatile market.

I have seen exchanges sent me notifications to buy a coin, that its price will increase. The information are correct sometimes, but there are many times that the information are not correct in a way that if you buy the coin, the price will fall. I see that notification to be from AI analyses.

Agentic trading has been a thing for a while and it's coming everywhere, not just Robinhood.

So everyone will become a millionaire 

I read what people posted, you are all against AI trading automation.

[Out of mind]

For sure, there are many innovations today with the use of AI implementations that have been effective in digital Technology today, it only depends on how specific we are more inclined to their applications, which is why AI cannot perform everything for you but only on the targeted aspect it was being designed to run, everything have to go with a test to see how they put deliver and also give some time to know the quality of the delivery we could get, but don't expect them to trade for you like humans.

In the current era, in terms of technology, artificial intelligence AI can make many things successful and people succeed from there with many suggestions. Of course, it is true that even if AI gives everything advice, it cannot do everything perfectly, basically it has to be done based on one's own experience and skills. One should never expect anything big from AI in business, rather it is the only intelligence provider, but to lead to success, one must use one's own experience in every field. Therefore, we should refrain from completely relying on AI, but rather learn ourselves first and work accordingly later, I think that those who want to be completely successful using AI are wrong.

[YOSHIE]

I have preferred not to believe in AI trading for trading, creating strategies and using it to trade for people.

Yes, that's a good idea, actually many crypto users don't realize that using AI in crypto trading activities will carry real risks for the users themselves.

If they understand that Al is a fake bot in crypto trading, Al never knows what will happen in the future, many people who use Al experience losses in trading activities on the crypto market, this happens often.

In general, what happens and what I often see when they use Al, is that Al carries out a successful trading strategy, but Al always fails to predict when the market changes drastically, so that's what often puts crypto users at a loss.

[fredericktaylor]

For sure, there are many innovations today with the use of AI implementations that have been effective in digital Technology today, it only depends on how specific we are more inclined to their applications, which is why AI cannot perform everything for you but only on the targeted aspect it was being designed to run, everything have to go with a test to see how they put deliver and also give some time to know the quality of the delivery we could get, but don't expect them to trade for you like humans.

In the current era, in terms of technology, artificial intelligence AI can make many things successful and people succeed from there with many suggestions. Of course, it is true that even if AI gives everything advice, it cannot do everything perfectly, basically it has to be done based on one's own experience and skills. One should never expect anything big from AI in business, rather it is the only intelligence provider, but to lead to success, one must use one's own experience in every field. Therefore, we should refrain from completely relying on AI, but rather learn ourselves first and work accordingly later, I think that those who want to be completely successful using AI are wrong.

Along with the prosperity of technology, the influence of AI is increasing, Currently people are doing many things with the help of AI, AI is helping people in various ways. It is true that the advice of artificial intelligence is not always correct. AI can store a lot of data and based on that information, it gives advice according to the needs of people. However, I think it is very risky to do any work or make a decision depending on the advice of artificial intelligence. Of course, it is very important to do your own research. To be successful, you first need your own research as well as proper planning and working accordingly in reality and being patient until the end, not getting discouraged quickly, as a result you can gradually achieve success.

[Hamza2424]

I have preferred not to believe in AI trading for trading, creating strategies and using it to trade for people. If you are from United States or living in the United States, if you have access to this trading AI trading automation, you can let us know about it after you have access to it.

It sounds cutting edge, but bro, the fundamental question here is, whose interest is the AI going to be optimized for? Will it worry about you or Robinhood, in terms of supporting and assisting you in making money?

It can be biased or not, but most importantly, options like this can be dependent on third party modules, and that can give hackers a breaking point they can use to break in and hack the platform. Robinhood is a strong platform in this case, but still, anything in the digital world is vulnerable to hacks.

[Youngrebel]

Disaster waiting to happen lol... I am not touching AI to trade for me right now. A lot of the LLMs are still not that good after I look at the AI trading competition — https://nof1.ai/leaderboard.
maybe if someone just wants to do it for fun or as a hobby with some disposable funds until they are very confident with the trading agent

True, the use of Ai is very dangerous when it comes to trading because it cannot really give you accurate predictions when it comes to that. In the aspect of trading being a hobby or something seen as a fun activity because trading is actually something serious and I don't know how people are able to think of that but for me I don't see trading as something to be done for fun because this is something that I put in a lot of effort

[Peanutswar]

Well AI is just a tool for accumulation of an information base on the details given or taken and of course it will just make a recommendation and feedback base on the gathered data. But using AI as a tool to rely in the market I dont recommend the market is volatile and sudden changes gives a different result it's up to your risk management, but you think that using an AI as a tool to make an ease with your trading journey why not but its good if this tool is you are the one who configured and not just came from other people and you are just waiting to give an update with them.

[Oshosondy]

In the aspect of trading being a hobby or something seen as a fun activity because trading is actually something serious and I don't know how people are able to think of that but for me I don't see trading as something to be done for fun because this is something that I put in a lot of effort

Treading is not fun at all, it requires time and also requires watching the market, and making analyses are not fun at all. It is requiring the energy needed like someone going to a work place. There were times that my head and body will feel somehow after I am exhausted while trading. Trading is not a hobby at all.

[Cgrexp]

Well AI is just a tool for accumulation of an information base on the details given or taken and of course it will just make a recommendation and feedback base on the gathered data. But using AI as a tool to rely in the market I dont recommend the market is volatile and sudden changes gives a different result it's up to your risk management, but you think that using an AI as a tool to make an ease with your trading journey why not but its good if this tool is you are the one who configured and not just came from other people and you are just waiting to give an update with them.

I agree with you. I don't think it's reasonable to rely on AI to make decisions, especially in trading. AI may tell you to buy if the price is low, but only the investor can tell how much a trader is able to buy and whether it is suitable for trading at all. Investment should be a personal decision for each individual. Only we can tell when and what kind of needs may arise in our lives and whether there is a possibility of major expenses ahead. AI does not know about a person's income, lifestyle, and risk management. Therefore, decisions should be made based on our own analysis.

[el kaka22]

There are tons of people who are doing stuff like these, and that is not a bad way to go forward, it is actually quite good if you make some success. I have seen way too many people with "I have given Cluade 100 dollars, and told it that I will move to gpt if it doesn't turn 100 dollars into 1000 dollars in 3 days, you will be shocked about the results!!" and they share that on twitter because they have blue check marks and get paid whenever people read that shit, and people do read it.

Reality is , AI is not there yet and even if some few people do get lucky, in normal this is not plug and play type of thing, you can't just do the same, with a prompt like that, and hope to make money, that won't work at all.

[LogitechMouse]

I am not from the US, but my take is i still have a mix feelings for AI automated trade execution portfolio tracking, despite the convinces it provides, I still doesn't trust it to make good decisions during a highly volatile market.

I still prefer my human trading techniques because I can control some actions and apply my decipline along the line of executing my trade.

Best I can use AI for is to add to my market analysis like a support to my own strategic market analysis, AI agent.

Many professional and expert traders right now became successful in a manual way, so I don't also see any reason why we should make a transition and will not use AI trading. I mean for me, it doesn't make any sense.

AI is a robot still, and those robots don't have any feelings at all. They will only follow the parameters that you put on them, that's all. Professional traders out there are disciplined, patient, and knows when to enter and exit at the right time. I'd rather do manual trading instead of doing AI trading UNLESS I've seen many professional traders out there that are making some transitions as well and are profitable by using AI trading, but aside from that, I'll continue trading the traditional way.

Like you, I'm also using AI to analyze the markets even better because AI can just compile what's happening in real-time and will say it to you whether the market is bullish, bearish, or in a neutral position.