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Day Trading and the impact of Artificial Intelligence
What we teach at Day Trade Fun:
1: Use stocks as an additional revenue stream
2: Use only a very small sum of the overall portfolio to day trade
3: Never try to time the markets, only time stocks in motion
4: Look for fast-moving stocks for quick gains
5: Take the profits the market gives you – they add up quickly
6: Avoid the emotions of fear and greed
7: Follow the proven Day Trade Fun exchange-specific checklist
8: Accept no trade days as a win, portfolio protection is the key
9: It takes time to learn how to use the stock market correctly
10: The goal each year should be to double your trading portfolio
The Future of AI in today’s day trading world:
The origins of artificial intelligence came out of the 1950’s, but it wasn’t until 2022 when ChatGPT arrived that AI became mainstream among stock traders with the promise of quick fortunes.
In fact, some are downright giddy.
The hope is that an AI program can scan the thousands of stocks that are traded, pick the winners, and then buy and sell at the exact moment to make a fortune. A zero-effort approach to using the stock market for guaranteed gains.
This kind of excitement was seen 30 years ago when High Frequency Trading (HFT) appeared on the scene, and many were convinced that was a guaranteed tool towards stock market success. Traders then, as those looking towards AI today, quickly find a computer program cannot aid day traders as much as they had hoped.
In short, it remains a waste of time and resources.
You can see how this proven and powerful program works by clicking here to receive our first training session for free!
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