ChatGPT Open AI Trading Strategy RESULTS: +35% in 2 DAYS 🤖 $1,000 Small Account Challenge Ep. 8

[@theanimal5862]

You are hands down the best teacher on KZbin. I've always had a aptitude for reading charts, percentages, and just math in general. I've been binging your videos the last two weeks. Just started paper trading this week. Made $80 past three days. No red day yet. Gonna take it up a notch now. I can't thank you enough for the knowledge you have given me. I know this is going to change my life! I feel it in my soul. Your strategy really does work.

[@david.drambareanu]

Congratulations 😊

[@hamidhaji9842]

what do you papertrade on?

[@jnnfrishr]

Congratulations! Now go for 30 days without a red day, and then maybe move up a little.

[@Griffintheelder]

Please post when it has actually happened vs what your expectations are.

[@paulforsell1439]

You should never lose if you have an ideal system

[@mtaylor10211]

Super good point made about back testing and slippage. Pretty sure paper trading accounts don’t experience slippage either, yet slippage is very real and usually painful.

[@Thirteen7447]

"Paper trading" accounts DO experience slippage.

[@scottamolinari]

Yep. Slippage has cost me here and there up to 30 or even 40% of profits (or addition to losses, when I sell before my stop-loss, which is really painful). It comes with the territory though of trading highly volatile stocks. The trick is to set sell limits and not rely on the sell button. But, then you might be selling too early (or even worse, not at all, and you still have to hit the sell button to take a smaller profit). I've learned this over time and now, even though I have stop-loss limits, I can see when a rip is failing and just sell usually for a break even or smaller profit or less loss than my stop-loss. I don't use higher sell limits (anymore) and take the slippage hits here and there. I think the cool thing about this kind of in-the-moment decision making is, I have the feeling I am in control all the time, and I don't leave it to fate. I've learned that setting a tight stop-loss usually means the trade stopping out way too early, so my stop-losses are somewhat lower than most people say you should do. It's set well below the lowest price of a dip or a consolidation and I usually never hit it, because I stop the trade before it goes there. This allows me a kind of breathing room to let the pattern I'm planning on to evolve. I've found I win more doing this, than I was before, when my quite tight stop-losses were constantly getting hit, only for what I was planning to happen actually does. And, the loss causes FOMO in me and starting to tilt. So, like I said, I'd rather say, "I'm out" before my stop-loss and lose less and can say it was actually a win, because I was in control. It really does help me to trade this way. Also, with my broker, every order costs me money. So, buying, setting stop-loss and setting a higher limit order is three orders. If I hit the higher limit, great. But, if I set it too high, I have to use the sell button and that is 4 orders. So now, I always intend to make a trade with only three orders. On rare occasions, where the stock goes somewhat through the roof, I raise my stop loss to take profits "just in case". But, these kinds of rips don't happen that often. (And yes, small money account here, trying to use discipline and strategy to grow and learn and grow more. 😁

[@garymyers6638]

You can build it in. It’s in the settings (TradingView).

[@user-ez6en1hn9r]

Any chance you could upload a broker statement for your small account challenge? I’m really interested to get a detailed look at the fees and commissions.

[@richardlaporte2913]

that's why I watch the pro trade. I learn a lot from from you Ross

[@outdoorvision4806]

The best psychology of money channel on KZbin!!

[@JesseJohnson1984]

What broker is he using!? Does anyone know?

[@UpDown1010]

Thank you Ross! Can't wait to watch this!

[@ChrisHamberg-ok2cz]

8:15 The relationship is float rotation.

[@garymyers6638]

Thanks, Ross. I learned a lot. Have you done one that explains the mechanics of futures trading?

[@CaptainStoiq]

Asks chat gpt for a trading strategy...gets told essentially what he already does 😆

[@TheLostODST]

The ideas and strats are ouers. Gpt is read up on what we do and what we tell it. Its all it knows. No shocker

[@robr4501]

ROSS I followed the exact step, and I got green again, recovered from a big loss lol

[@BOXRIP]

How does your scanner calculate relative volume?

[@R1CHARD2013]

Ross can you do a video on indices trading like nasdaq 500 and just see how you do over a week be interesting to see what you do

[@robpagel1244]

I tell any and everybody I meet about you and Warrior Trading Ross. You really are the Master.

[@Nick-yb4dl]

Do you or anyone have any suggestions for a good offshore broker

[@ross-smithfamily6317]

Ross has recommended brokers on his website. Two are offshore ... one accepts U.S. residents.

[@gigibarrett1777]

I was just thinking about this last night and started watching videos about this

[@richardcrbb]

Profe, if you won 60% in your second trade, did you broke the rules of A.I in risk management in maybe have lost 60% of your account in day two?

[@dannyboy1066]

His stop loss would have been set at 2% drawdown?

[@RussManK3]

Been trading on and off for a few years and im at a break even. My knowledge reached a plateau and unfortunately I had to go back to a 9-5 job and wont have time to even trade...disappointing.

[@min-k2689]

Big moves are manipulated by institutions, retail traders do not move the market

[@patriciaschewe707]

Wow, very interesting. Thank you Ross

[@jeffhung827]

What scanner do you use?

[@SDM3791]

He has his own platform he developed, it's on his Warrior Trading website.

[@Te1iz]

When you start trading with a 1k account should you trade in a cash account or margin account.

[@jayflemingvideos]

It really depends on what you want to do. Margin accounts allow for shorting, which the old adage goes, what goes up, must come down. However, you're limited to 2-3 day trades since you carry less than $25k. A cash account allows unlimited day trades if you're using settled cash. If you exhaust your settled cash, you'll need to wait a couple days to settle before you can start day trading again. My broker sort of allows day trading using buying power only, but if you sell a position that was bought using buying power, not settled cash, they will ding your account. If you have 2 or 3 dings in a years, they'll lock your account. Just remember, when using a cash account, it's always best to use settled cash.

[@infinitelyllc]

Margin is best, but you need $2000.

[@afs4185]

Is this with a cash acct? Or PDT? CAUSE w cash account you have to wait for a day at least if a trade works out or not. If you using 90% of the 1k This makes a big diff in terms of how frequently you can maximize on this strat. Hence the time it would take.

[@manuelight]

he said in the video he uses an offshore broker without that rule

[@infinitelyllc]

Neither on CMEG, a wretched offshore broker.

[@nursewillworkful]

But the problem for older people like me is setting up the platform

[@officermills]

Google it

[@COWBOY72ify]

Understanding the process of trade is key for me, everything else is about sticking to your rules...

[@IsacwithoneA]

Just bought your book, Ross

[@Reeldealslots101]

what broker

[@tropicalpnch4549]

I'm 99% sure he's using CMEG in Trinidad & Tobago. It's fine, but like he said the per-trade fees and monthly account fees are rough. Plus you can only fund your account through a wire transfer from your bank and in my experience that's another $40 fee

[@JB-tq6nh]

Ross I have a question, how long is the sale on your courses going to last??

[@ap3885]

You’ll find sales around USA holidays

[@tmacbmw]

Does anybody out here know any other broker than CMEG that somebody who lives in the United States can trade and not have the PDT rule without putting in $25,000

[@tmacbmw]

Really could use somebody’s help on this people are always saying there’s many offshore brokers, but the only only one that I’ve ever seen is CMEG?

[@TheMrPaijo]

I was using Tradezero

[@infinitelyllc]

​​@@tmacbmwThat is correct, in summary. ❤ It's the only one for no PDT so I am learning to like it. 🎉

[@infinitelyllc]

​​@@tmacbmw You are correct,..THERE IS ONLY ONE. CMEG, lovingly reffered to as csmeg, and the cute name is MORE THAN well deserved. CMEG is my ill fate as a day trader, and I must accept it. 😢

[@tmacbmw]

Thank you so much for the reply. I don’t quite know what you mean by the CSMEG but it sounds something negative. What did you find negative about them?

[@nursewillworkful]

How can I get help to do this can you tell me if in classroom I am willing to come

[@nervalpolo4445]

Hey warrior ! I would like to become your student. You have link to sign up

[@rent-a-husbandnow1184]

What broker do you use for the 1k acccount? That's where I'm starting.

[@collenmaunganidze3531]

Bro you are a genius 💪🏾💪🏾💪🏾💪🏾

[@xgx13xgx20]

Where can i get thisbot and script? Ill join the group but ive tried using chatgpt and it doesnt give me any answers

[@infinitelyllc]

You have to ask properly. I told chatgpt I had no use for it in future chat sessions since, at the time it had no memory capability.

[@Joeblow49]

My account just grew 23 percent this week just getting gains now has been a green week let’s go AI

[@NardoneMA]

Are you still live streaming daily?

[@paramountx]

If you are a warrior trade student he is.

[@NardoneMA]

@@paramountx good to know. I watched the streams back in the day and wanted to watch live. I appreciate the comment.

[@exponentialnetworks]

Ross where is the best free scanners to use please

[@gigibarrett1777]

My only thing is what if AI crashed or something bad happen I think it’s better to learn yourself

[@jacobjohnson5339]

I’m great at math, I love numbers. I have no idea what I want to do with my life. But my 9-5 isn’t cutting it. Should I learn to day trade?

[@SDM3791]

Same. I've been an electrician for 24 years but it doesn't pay the bills (not sure what happened to the trade). So I'm learning day trading using Ross' strategy and methods

[@jacobjohnson5339]

@@SDM3791how long have you been learning?

[@Tjrich-do6sg]

Hey Ross, your info is fantastic. I have a question: 'What are your trade orders set to 'Market' or' Limit?' You seem to be able to catch a given price so precisely. When I'm using limit orders, sometimes the stock is falling, and I don't sell before the price drops dramatically. I thought maybe using a market order may be better.

[@musicbearman1963]

Hey Ross: I am 60 years old. I am not educated in stock trading but I would love to learn. Can you give and advice to how I should begin? Thank you for your teaching video.

[@SDM3791]

I'm 50 and learning. Find a trader whose strategy you understand and consume every video or content they put out. Also, Ross recommends starting to trade in a simulator (paper trading)

[@MrDeGuise]

Great video again but I would prefer it without music caus it's juste distracting conceretration. What would be fun is the performance off an algo executing that strategy. But thank always interresting

[@MrDeGuise]

Ouais, cette machine est meilleur en anglais que moi !

[@garyhays3395]

Seems the most important if not the most is real time tradeing

[@Ezel21love]

How can I open offshore account?

[@yancym.2312]

This is a gold "mine" thanks Ross. Lol

[@LeonPhythian69]

R. B. I Research, back test and then impliment.

[@Kvir2222]

What's app guy is back ross

[@mikrobert100]

Lmao ross. Something useful like growing back hair. Cracked me up. Money printing machines....

[@tanidasaksit1295]

Roos what ChatGPT AI you apply into the trading platform?

[@MikevwFX]

which AI gives me good realtime data?

[@ChrisHamberg-ok2cz]

23:15 Not only do they not employ the best, they wouldn't even be able to recognize the best.

[@dannyraysmusicproduction6604]

😅 Ross you had a different video… on AI I happen to see it within minutes of you producing the video… and it had some additional information in the first 10 minutes. ? But, it appears you have edited it some…. I want the first version if possible because you talked about the Queries you used to ask ChatGPT To get your Steps to take to create it.… not sure if this version has it…

[@Mili3MB]

Where is the best simulator to start?

[@DaytradeWarrior]

You can check out ours here: www.warriortrading.com/paper-trading/

[@xjoelxavier]

Ever try trade the pool it's a stock funded account

[@xjoelxavier]

@DaytradeWarrior421 huh

[@ThisTruckingLife]

Do simulators show slippage

[@lavishvegas5495]

Err ok so gpt told us what we already know and we still have to trade? I thought I would be sleeping in while GPT makes me rich.

[@tiagolimp]

How did you make $100+ in the first trade using $20 max position size?

[@DaytradeWarrior]

$20 risk not $20 position size.

[@tiagolimp]

@@DaytradeWarrior got it, misread it on the position size part. Thanks

[@JosephFultz-v7d]

Big bro Ross Cameron is the truth 🙏

[@mikejones4181]

yooo that AI is amazing.. i didnt think it be that good

[@brandons552]

I dont understand how you were able to use your BP in premarket, I've only been able to use my overnight BP in premarket?

[@DaytradeWarrior]

You'll want to check with your broker for help with this.

[@craighinshaw2437]

bots you buy have no machine learn and renforced learning, must train and retrain the bot

[@ΑγγελοςΤρικωμιτης]

i cant see nothing !!!

[@dwaynemills7862]

imagine just powering on the PC, loading up the script, go make coffee and come back to profit lol.

[@natanluiza2936]

People in the DT community have told me they are concerned with A.I. but I don't mind. They can come marginally closer to what people can do, but never quite close enough. A lot of algo traders just algo trade. The people I know who traded by hand first STILL hand trade alongside their algos. Tech will never have the human intuition required to capitalize off of the hivemind.

[@vanessaindignada]

No machine is better than a human, but no machine is better than a human using a machine

[@schrodingerscat3912]

GPT-4 is super slow. It takes forever just for output

[@MicsMugz519]

Ross teach me your ways brother🎉

[@Coyotejody]

Kavl today

[@quantum7401]

What type of account is that? Because a $1K account would definable be a cash account. Cash accounts Do Not allow unlimited trades. Where's it at?

[@TrueURIEL]

dope

[@natanluiza2936]

Volatility, 1-2%. I know some amazing 6 or 7 figure day traders who use that. A.I. is a nosy little set of code, isn't it? Very well-observed technique.

[@jarodsalinick]

"Straaaegie"

[@Beta_Trader]

and -100% at day 3! LOL

[@Timefades1]

3:15 llol

[@jeffron7]

My slippage resulted in having 3 kids.

[@kezark31]

She have triplets?

[@jeffron7]

It was 3 Slippage moments -- not 1, lmao.

[@JamesPro-yi5nl]

Boss ross lol it was destined

[@JamesPro-yi5nl]

@DaytradeWarrior98 say I love pizza in your next video and I'll believe you

[@lanceanderson8318]

That second T man....

[@richardnicely5573]

I'm confused. How did you make $140 off that first trade only risking $20?

[@tyronedavis5363]

16:40

[@TillyTheDon]

I want it. Take my money! Nvm. It's not worth the headache. lol

[@gambotage]

Ross is a fuckin Warrior

[@jnnfrishr]

the best minds in the world could be….trying to cure cancer???

[@mikecayen8580]

yes, you did like 9 trades. With that broker you blew 150.00+. 35% ain't real. Those were mostly terrible trades :(

[@patwa4430]

👍🏽

[@marketsqueezer]

Ridiculous

[@darkmxhishot7475]

This is absolute trading propaganda. You can tell by how the video is game-a-fide and sponsored by ChatGPT lol.😂 And anyone who knows anything about 90% of your body. This guy must be getting paid by people who have interest in the middle class losing their money

[@MyContestPix]

Hmm, I seemed to have missed how you got GPT to execute this trades via code? Magic?? GPT prompt, API interface, programming language, programming interface, testing, etc...

[@TiltedByDefault]

If a man that doesn't know his left from his right can make millions trading then so can I