In the dynamic landscape of stock trading, the allure of artificial intelligence (AI) as a shortcut to financial success captivates many new traders. However, this journey is riddled with pitfalls, as the pursuit of a magic formula can lead to dark and dangerous territories within the market, ensnaring unsuspecting traders in a web of financial peril.
The path to profitable trading is not found in shortcuts but in the diligent pursuit of knowledge and experience.by CoffeshopCrypto
Stage 1: Hopes and Dreams - The Gambler's Mindset
As traders embark on their quest for the elusive magic formula, the initial excitement can morph into a dangerous gambler's mindset. The allure of quick riches blinds them to the risks, and without a solid understanding of the market, they unwittingly navigate treacherous waters. The market, akin to a skilled gambler, will slowly drain their funds, leaving them disillusioned and trapped.
Stage 2: What You Don't Know Can Hurt You - The School of Hard Knocks
Reflecting on their academic experiences, traders must recognize that success in the market is not instantaneous. Just as final tests come after months of learning, mastering the intricacies of trading requires time and effort. Understanding market movements, the underlying mathematics, and recognizing unfavorable trends are skills that can only be honed through diligent study and real-world experience.
Stage 3: Selfish Views - The Ego's Bias
The selfish view that traders adopt, driven by ego, creates a biased perspective that hinders objective analysis. In the pursuit of AI-generated results, traders often fail to recognize the importance of asking market-specific questions. The ego, like a fog, obscures the reality of their limited knowledge and hampers their ability to constructively engage with the market.
Stage 4: Lazy is Easy and Anything Easy is Not Worth It - The Island of Ignorance
Imagine being stranded on an island in the middle of the vast ocean, representing the ever-changing market. Without a solid understanding of market dynamics, traders can aimlessly wander, repeatedly circling the same terrain without realizing it. The illusion of ease becomes a mirage, leading them towards financial ruin. To survive, traders must either expand their knowledge island or chart a course away from ignorance to ensure they can "think or swim" in the market.
Stage 5: How Do You Know It's Wrong When You Don't Know What Wrong Looks Like? - Recognizing the Loaded Weapon
Traders, devoid of experience, may struggle to discern poor-quality AI-generated code. Like holding a loaded weapon without knowing how to use it, the lack of expertise leaves them vulnerable to financial catastrophe. Emphasizing the importance of gaining experience, traders must realize that their inability to identify flaws in algorithms is a ticking time bomb for their trading accounts.
Stage 6: They Always Look for Someone Who Knows - Seeking Validation
Desperation sets in as traders seek help online for code they didn't write, perpetuating a cycle of external validation. It's crucial to recognize that relying on others to fix code generated by AI is a misguided endeavor. The journey towards trading success requires personal understanding, not borrowed solutions.
In the face of these challenges, the truth about AI language models emerges - they are not a panacea for trading success. New traders must abandon the notion of quick fixes, acknowledging that success in the market demands a genuine commitment to learning and understanding its complexities.
Very informative, I like to use the analogy of texas hold em.. sometimes you gotta know when to fold early. Most people would rather see the play through.
Wow, nice to hear something about this. i posted a comment in tview under this article about my intuitive roulette techniques and risk management that helps me in trading since im intrading now and never stop educating while online roullette had nothing to involve but deep people mechanics knowledge (but forgot to push send button to post a comment. And can say that article is so true and wisely written. Members better read it several times periodically
i better tell about my results to slightly push members to this article
my best of best winning streak was 40-45 days with one or two 15 minutes intuitive sessions in 60 days period (resting days are needed)
each day i made 10-20 percent for whole deposit
according to risk management i used 1\5 of whole deposit each session. ONLY ONLINE roulette bc in reaal game you also need to make more efforts against human dealer and other players. manipulation of pure mathematics algo that is described as number generator is much easier.
i used my knowledge about human and trainig myself with responsibility and inner authority, that Eric showed in this article in wise words.
i moved to trading because community is much bigger and in roullette i found myself so lonely (money itself is not the key to happiness) and main reason of moving to trading was that my brain was in need of a lot of work. education and communication is POWERRRRRRRRRR)))
now i only play card games with friends for fun, still using my skills
and sometimes not so often i play roulette when i want to show some magic to woman to describe how powerfull she can be))) bc woman can help, thats why in movies roullette player has so many women in good mood around him)))