Boosting trading profits using technology is real-- very real!
In this blog, we explore the ways in which artificial intelligence (AI) can revolutionize the world of investing and help traders win more profits.
From real-time analysis and insights to automation of manual tasks and democratization of financial markets, AI has the power to transform the trading industry. And it's happening before our eyes.
Because you're in the Grok ecosystem, you're benefiting by being in the know.
AI truly has the potential to revolutionize the world of investing by providing traders with faster and more accurate analysis, enabling better and faster decision making. In this post, we will explore some of the key ways in which AI can help traders win more profits when investing.
One of the main ways in which AI helps traders is by providing real-time analysis and insights. By analyzing vast amounts of data and identifying patterns and trends that may not be visible to humans, AI can help traders to make more informed and confident decisions. This can lead to better performance and increased profits.
AI can also help to eliminate human bias and error, leading to more objective and fair decision making. This can be especially useful in situations where emotions or personal beliefs may cloud judgment.
Another way in which AI can help traders to win more profits is by automating many manual and time-consuming tasks, freeing up human traders to focus on higher-value work. This can help to increase efficiency and reduce costs, leading to lower fees and more accessible financial products and services for consumers.
In addition, the integration of AI into the trading industry can help to democratize access to financial markets and level the playing field for small and underbanked communities. This can provide more individuals with the opportunity to participate in the financial system and potentially achieve financial success.
AI can also help traders to better understand and anticipate customer needs and preferences, leading to more personalized and effective financial products and services. This can help to increase customer satisfaction and loyalty, leading to increased profits.
While AI has the potential to bring many benefits to the trading industry, it is important to recognize that it also brings challenges and risks. These may include job displacement, ethical considerations, and the need for new regulations and policies. It is important to carefully consider these issues and to use AI responsibly and ethically in order to maximize its benefits and minimize its potential negative impacts.
Overall, AI has the power to transform the trading industry by providing faster and more accurate analysis, automating manual tasks, and democratizing access to financial markets. By leveraging the benefits of AI, traders can increase their chances of winning more profits when investing.
Using the power of AI, we developed our own advanced AI-powered trading algorithms to help our users. With real-time analysis and automation capabilities, our algorithms can help you make more informed and confident decisions, leading to improved performance and increased profits.
Don't hesitate on utilizing this technology. Frankly, it will "revolutionize" your trading strategy.
Flexing the power of AI,
PS. If you want to take a peak click here: Grok Algos
If you have been researching the world of trading, you may have heard about algorithmic trading or trading algos. But what exactly are they and how can they benefit traders like you?
In this article, we delve into the world of artificial intelligence (AI) in trading and how algorithmic trading can benefit us, including better trade setup identification, more efficient trade execution, the ability to remove emotions from the trading process, portfolio diversification, and the potential to reduce transaction costs.
Whether you are a seasoned trader or new to the game, this article is a must-read for anyone looking to improve their trading performance. Savvy traders must consider implementing AI into their trading to stay competitive in the financial markets.
AI in finance is best used in trading algos, also known as automated trading or black box trading, which are sophisticated computer programs that execute trades based on predetermined rules. These rules, referred to as trading algorithms or trading algos, can be based on various factors, such as chart pattern setups, technical indicators, statistical models, and market conditions.
One of the primary benefits of using trading algos is the increased speed and efficiency of trade setup identification. With the processing power of AI, traders can take advantage of buy/sell trading signals derived by trading algos as they arise. This can be especially useful when searching for the best trade setups packed with the greatest odds.
In addition to faster trade setup identification, trading algos can help traders remove those pesky emotions from the trading process. Emotions are the Achilles' heel to traders. It can be difficult to stick to a predetermined trading strategy when emotions are involved in traditional (manual) trading. However, trading algos follow a set of predetermined rules, sidestepping the problems emotions cause to weaken decision making. Trading algos can lead to more rational and informed trading decisions.
Finally, trading algos also offer the advantage of portfolio diversification by allowing traders to execute trades across multiple timeframes, asset classes, and markets. The algorithmic computer program can monitor multiple markets simultaneously, enabling traders to take advantage of opportunities in different markets at the same time. This can help to lessen risk and likely increase returns.
In conclusion, trading algos offer numerous benefits to traders, including faster and more efficient trade setup identification, the ability to remove emotions from the process, and portfolio diversification.
While it is important to carefully consider the risks and limitations of automated trading, trading algos can be a valuable tool for traders looking to improve their trading performance.
Ready to take your trading to the next level? Consider implementing trading algos into your strategy to enjoy the benefits of faster and more efficient trade setup identification, the ability to remove emotions from the process, and portfolio diversification.
Don't miss out on the opportunity to improve your trading performance – adopt AI into your trading today!
PS. See the 2023 best trading algos here: https:groktrade.com/algo
PSS. Extra bonus points for posting your comment below. :) :) :)
Artificial intelligence (AI) has been making waves in the finance industry for quite some time now. From automating routine tasks to improving the accuracy of risk assessment, AI has the potential to revolutionize the way financial institutions operate.
One of the primary ways that AI is being used in finance is through the use of machine learning algorithms. These algorithms are able to analyze vast amounts of data and identify patterns and trends that would be impossible for a human to spot. This allows financial institutions to make more informed decisions, such as identifying fraudulent activity or predicting market trends.
Another area where AI is making a big impact is in the realm of personal finance. Many companies are now offering AI-powered financial management tools that can help individuals better understand and manage their personal finances. For example, some AI systems can analyze a person's spending habits and suggest ways to save money, while others can help individuals create and stick to a budget.
AI is also being used to improve the efficiency of financial transactions. For example, some banks are using AI to automate the process of onboarding new customers, which can be a time-consuming and resource-intensive task. By automating this process, banks can reduce the time and resources required to onboard new customers, allowing them to focus on other areas of the business.
Finally, AI is being used to improve the accuracy of risk assessment in the finance industry. By analyzing historical data and identifying patterns, AI systems can help financial institutions better predict and mitigate risks, such as credit defaults or market fluctuations.
Overall, AI is transforming the way financial institutions operate and is poised to have a significant impact on the industry in the coming years. As AI technology continues to advance, we can expect to see even more innovative uses of this technology in the finance sector. So, the use of AI in finance is increasing day by day and it is playing a vital role in the finance industry.
(The above was written 100% by AI. Crazy, right?)
This is now Des (aka d7). I simply asked ChatGPT to write me a blog article on AI in finance and this is what it produced and it did so in 15 seconds.
As an educator in the world of trading using technical analysis, I am shouting from the rooftops for all of us who are active traders in the live markets to start leveraging AI in your trading today. START USING AI IN YOUR TRADING TODAY. Do NOT wait! This technology is moving at lightening speed. The financial world will quickly be divided into those using AI vs those who are not.
By using AI, you will benefit in two ways:
This is the easy way to put AI in your corner: groktrade.com/algo
Des W Woodruff (aka d7)
Des is the President and Founder of FreeTradingVideos.com, Inc. (FTV) dba Grok Trade and FreeOnlineTradingEducation.com (FOTE). He created the company out of a desire to equip trading aficionados with the education and skills necessary to survive today's market. Des has nearly two decades of personal live-market trading experience trading privately and institutionally.
6 Things To Stop "Short Trolls"
Traders can make money by selling short a stock, which is different than going buying long a stock. Those who short sometimes go rogue and publically trash a stock in hopes for it to drop. These people are (now) known as "Short Trolls." A 'Short Troll' is identified as an ugly public nuisance who rapid-fires posts of criticisms about a stock in various investment forums or trading chat rooms. You know them well. They are loud and obnoxious and post often--too often. Every post is negative and they only criticise and do so unmercifully.
Traders/investors who analyze both fundamental and technical analysis to base their decisions to go long or short a stock is considered to be savvy. On the other hand, 'Short Trolls' are mental midgets who choose to go the path of least resistance and smear others. Perhaps they should wear brighter colors.
The daily deluge of never ending assaults can be nauseating. It's especially grand when 'short trolls' team up together and wage a collective assault. These trolls are like the boisterous town drunks who group up and stumble over to your party.
WHY Do Short Trolls Do This? Money-money-money! 'Short trolls' are short the stock and the only way they make money is if the stock decreases in value. For this reason 'short trolls' veer off into criminal territory and say and publish inaccurate information and even defames to adversely manipulate the stock price.
- Name them for what they are for all to see. They are "Short Trolls."
- Point out 'Short Trolls' to others. Make them infamous.
- Do not validate 'Short Trolls.' Ignore the points in their posts.
- Group them together. Start a public list of 'Short Trolls' for others to see.
- Report their criminal activity to admin/moderators.
- Report them to the SEC so they are on their radar. Report their crimes here.
For more information read this and consider going on the offensive.
AUTHOR: d-seven owner of Grok Trade (@GrokTrade)
PS. If this article has helped you, share it with others.
The "short and distort" is a known scam that is being actively prosecuted. A "short and distort" scammer first short-sells the stock, and then fraudulently attempts to lower the stock's price via posting criticisms or negative predictions about the stock's business, products, management, alliances, etc. The scammer then covers their short position buying back the stock at a lower price to gain a profit. The crime is when the investor benefits financially by posting negative posts with the intention to harm the credibility and trust of a publically traded company, its stock, its products, and/or its management. Litigation can be brought against anyone suspected of such fraudulent activities.
REGULATION: Short and Distort manipulators are being targeted--especially in the the category of stocks most often associated with this scheme---pink sheet and OTC stocks. In general, penny stocks have been the target of heightened enforcement efforts.
"My wife and kids do not know how much money I lost yet."
I have been following you on Youtube for the last month. I did complete your 101 course.
I am new to trading and I really screwed up. I wish I would have found you earlier. I started trading in July with $17000, now I have less than $7000 left. I wish I would have known about you and taken a few thousand and got training from Grok Trade first. I really blew it. I had some folks training me on how to trade options and I did pretty good picking trades. Almost every trade would have made money on if I had know how and when to exit, but I left them too long each one lost large amounts of money. I played Facebook and Apple on earning and got burned big time! I did not know any better. I am a Mechanical Engineer so I am very use to analyzing data, but this kind of analysis was not as easy as I thought. I really need to turn this around, a large chunk of this was borrowed from my 401K. I can't seem to catch a break lately. I want to be a turnaround story but now I am tapped out. My wife and kids do not know how much money I lost yet. It took years to save this money up. What can I do?
Brian G. (Last name removed)
(City removed) Georgia
"Some say that “trading is the hardest easiest thing to do.” "
By no means are you in a boat all alone. We all have taken a hit in our trading accounts when we began trading. As we delve into the world of trading, we quickly realize just how expensive "market tuition" can be. It's NO fun to lose, but sometimes losses are necessary as the pain delivered by drawdowns tend to awaken us to the very real risks that we face as traders who trade the live markets. You broke some major rules (i.e. trading leverage (options) before you are a proficient trader, playing earnings, not having a trading plan, etc.) Amatuer mistakes.
As a former mentor for Rich Dad, Poor Dad and being the owner of my own education company, I have personally mentored over 800 traders. You cannot begin to imagine the horror stories that I would hear from my new student mentees. By the time these traders had their own "coming to Jesus" talk with themselves to finally get mentoring, they had unfortunately already relinquished their hard earned capital to those more savvy traders who were opposite their losing trades. If I had to guess the tally of losses before their mentoring, it might be between $50-75 million in losses.
Like you, virtually every student would confess to me, like a parishioner to a priest, that their losses were due to their own "stupid mistakes" and hard-headed risk taking. It was seldom lost with a student that their losses were a derivative of their own negligence of failing to first establish a basis of education. If I had a nickel for every time I heard a student say that they had wished that they came to me for mentoring before taking their relatively large hit, I would have much more capital to trade.
Oh, the dreaded disclosure to the wifey. ouch. The fear of telling your wife how much you are down in the markets is very real. Back in the day, before I got trained, I had more losing days than winning days. EVERY DAY, my wife would ask me how I did in the markets. After the markets had concluded for the day, I dreaded walking out of my office. It was excruciating to divulge the truth about the constant losses. Just confessing my gambling sins, in dollars lost, was like salt in my wound. I was hard enough on myself, but having to tell my wife (whom I had to previously convince that trading would be a great side business) was nothing short of gut wrenching. Coming clean with your wife will not be easy, but its the right thing to do. Again, I (and the rest of us) all have been right where you are today and it can be both maddening and frightening at the same time, but you can overcome.
Some say that “trading is the hardest easiest thing to do.” This is right. Trading really is not overly complex or taxing for most traders, BUT it can be very difficult to master. Because you are new to trading and have much to learn, can actually work to your benefit. You see, some of the more seasoned traders who come for mentoring have a hard time applying new principles due to the difficulty of being 'rewired.' You, on the other hand, are fresh and there is NO rewiring necessary to slow you down. You just need to learn the rules, strategies, principles, concepts, and calculations that significantly stack the odds in your favor when trading in the live markets. Boom. The you're golden.
Please hear me. Do NOT beat yourself up too badly. This is the time to have a "coming to Jesus" talk with yourself. Maybe trading is not for you and this hobby is just too expensive and its time to put your time into something else. That's OK.
For me, I knew I had to either quit trading altogether, or go get formal training the right way to work through my mistakes and trading deficiencies. I chose the latter, and that was one of the best business decisions of my entire life. When I first began to trade (17 years ago), I blew through two small accounts ($2k and $8k). Because I was only 25 and that was all my trading cash at the time, it was hard to stomach. Today, on the other hand, things are much different. For example, the recent volatility the past few days made me some nice profits. Yesterday, I ordered my broker (Interactivebrokers) to cut me a check for $20k of those profits. It's funny how differently the norms are compared to what they used to be.
Before progressing further, ask yourself these questions:
1) Do I want to be a trader?
2) Should I be a trader? (Too lazy to learn, a gambler, etc.)
3) Can you trade slow with minimal risk for minimal gains?
(If you answer NO to any of these, find another less expensive hobby.)
4) What will your wife say when she finds out about your problem?
5) Will your wife want you to fix your problem?
6) What will you do to fix your problem?
7) How much money will your wife want you to spend to fix your problem?
Regardless what you do next, stay positive and do what's best for you and your family. We care about you and your tomorrow.
PS. What is it that we can do to help you? I (strongly) suggest taking our mentorship in Vegas in November (see here). We also do online mentorships monthly, too.
It's not too late-- Start off 2015 the right way and decide that you WILL BE more educated and better prepared than other traders who you are trading against each and every day you're in the markets.
Overall, even the uneducated investors (who were long the market) fared well in 2014. They say, "Everyone is a genius in a bull market."
As you know, stocks end the year bullish. Most indices did fairly well, unless you were in small caps. Below is the breakdown of the final tally of the 2014 stock market results.
2014 Final Numbers
- COMPQ up 13.4%
- S&P500 up 11.4%
- DJIA up 7.15%
- RUT up 3.5%
As a trader for 17 years this February and an educator of more than 800+ traders, I can tell anyone who will listen that trading is about 1) education and 2) experience-- and in that exact order. If you mess up this important order , you will pay dearly in 'market tuition.'
Ex. The secret to a successful trading career is much like the secret to properly flying a plane. When flying a plane, it's imperative that you get your education (ground school) first and then log your experience second; It's costly, in more ways than one, when the order is wrong. In other words, do NOT try to fly a plane without first enrolling in excellent education. It's a simple concept that even the smartest of wanna-be-traders get wrong.
PS. Make 2015 all about formalized trading education. Make it your goal to be more educated and better prepared than any other trader out there.
d-seven is the President and Founder of FreeTradingVideos.com, Inc. dba Grok Trade and FreeOnlineTradingEducation.com. d-seven is a publisher of market data via rich media and also has been published in several national trading publications. d-seven is known to be a serial entrepreneur owning multiple companies in various fields.