Advice for struggling traders

Here’s a tip for those traders having a tough time: if you’ve given it your all and it’s still just losses piling up, maybe look into using an AI for your analysis. The insights from it might help you refine your own strategies and see if that helps. Just my two cents, but I’ve been trying this out on GetAgent, and it worked for a few of my trades. It was pretty lucky since it was during the Trading Club Championship, so I made the most of it. What do you think? Have you tried it?

It is not good advice to shift to a place of dependence on AI. If you have tried to understand technical analysis as a whole, and it is still not working out for you, maybe you should simplify the concepts and identify areas where you need more understanding and try to target those areas through learning resources. If you still cannot grasp the concept, it is not a must to be a trader, especially as you are losing; you can simply just quit and focus on buying and hodling. Trading is not for everyone, and that is something you should know.

AI or bot can't give you the exact thing you need on trading as most of the information gotten from bot are just highlights which I think can't give you that actual facts rather just way to follow up the market to trade, you would be the one to make a thorough finding and analysis to follow the market and make profits that you desires from it. AI can be deceiving most time because you may feel relaxed and then it would malfunction (Talking about using bot trade), So it would that better to make research personally and learn other skills and technicality to win for long term, nowadays people who are jumping into trading are much with the mindsets that trading is a quick get rich scheme without them knowing that out of 99% percent of traders today only about 30% percentage are profitable traders while the rest are making loses.

Everyone has a piece of advice for everything and it is good that you have shared your with us. It may resonate with some of us and may not resonate with others. Different people have what works for them. As for me, I will put turning to AI for assistance as the last resort after numerous failures. And do not get me wrong, I am not invalidating your advice, I am just saying that what I would do instead to take some break, read some trading books around this area, speak to a trader with more experience and a track record of successful trades, join a trading community and ask your questions there. And if all of these fails, then you can turn to AI but I doubt they will fail. If a trader in the situation you described does it well, they will turn their losses to profits eventually.

Haven't heard on that AI but definitely won't rely on AI alone, probably I'll just use an AI to ask what could be the problem on my strategy that's why it's not working. I've also done asking AI to help me with my trades but instead of just doing it automatically, what I do is do a back testing if the given strategy is good and working and aside from that, I ask what's  behind the strategy so at the same time, I'm learning a new idea and trading perspective. So I think if you have existing strategy and it's failing ask the AI to help you improve it and once it gives a solution, don't just follow it. Do some back testing on different coins and different time frames and see if it could work over time.

Since when have you be using the GetAgent? To trade? Is it up to 6 months and you made profit from it? Maybe it can be good for newbies but I do not need AI for trading because I know the old way and I prefer the old way which are through making my own analyses and strategies.

No..quit trading. It means that trading is not for you and don't force it. Ai cannot make analysis on the current market trend based on latest news that will affect the market. If it's easy as you said, a lot of traders would be in profits. You said it that you were lucky to make profits through Ai. That doesn't mean that it worked because if you continue with it, you will end up in losses.

Getting an AI to assist you with all of the analysis will not be a bad Idea at all, you will need to also me really mindful with how you are going to proffer the end result of the analysis so that you can tailor it to fitting to your trading set up and not just you trying to skip the aspect of analysis completely, as that will definitely not be of help enough to you, there may be some points that may not be covered by the analytic provided by the AI by virtue of its algorithm not built to get all of that, therein you will have to come in and do the needed. It is also important to know that not all traders will have this working for them, so you will need to know your trading personality and try to align it to such else you may just be attempting on another strategy that will fail and require you to get on with another strategy again.

I think AI can be used to search or assist us with analysis, as it's currently a popular option for people to help with everything. And when it comes to learning about trading, there's a lot we can find online and on social media. We just have to be diligent in learning about trading, as some people only skim through it, usually because they're driven by FOMO. And with advice for traders, don't make decisions without careful consideration. We don't want to lose, so we must carefully consider everything, even if the potential for loss is high.

AI may work on you, but not for others, not for majority in general. I would rather suggest to study and learn more about trading and enhance those current skills and strategies until trading starts working. But if losses are still high and inevitable, it's better to just take a break from trading and focus on bitcoin hodling at the moment. One can still be of high profits as bitcoin hodler if he knows his investment well and he knows how to manage the risk and increase his amount of patience.  Now if he thinks he's ready to trade again, then trade again but this time for profits, while continue to hold bitcoin for long term, until the target selling profits will be achieved.

I don't know how many threads we have regarding AI helping traders. Those who started it not even mentioning how they've done or what prompt they created. I know that we shouldn't spoon feed anyone here, but giving advice about AI but then didn't show us how is like half baked. Maybe others should follow his advice and look for AI to help. However, we all know that it might not work for everyone.

AI may enhance crypto trading through providing quality datas that can use for market prediction and analysis but there is no system that can guarantee real profitability as much as crypto trading is concern. So if you want to continue trading despite of some uncontrollable losses, just do the math then. Either you will consider AI and play trial and error method, or just stick to your own trading style and techniques and enhance them until you find yourself finally hitting your goals in trading. Losses are just part of trading, even those consistent losses, but if you see it as a sign to quit for good, then you are leaving those future chances and opportunities to become finally successful and profitable on your trades.

It sounds good, but trading practices that use AI to analyze are not an accurate solution for traders who have been in the trading world for a long time. I am afraid that beginners who use AI in their trading practices will one day have a negative impact on themselves when the usual results are no longer profitable. I still stick to manual trading patterns based on analysis and strategy, even though the world has become so advanced that it can help many people.

Seeing is believing, depending on how long you have been using this AI, sharing your success history can be more convincing for me to share it with a friend who is interested in this kind of knowledge. Without showing how well this has worked, I will be skeptical to share it because there's nothing to back up the statement and I will just be trying to convince someone on something am not into meanwhile it already risky even on the manual process which could even be better off. AI is not worth it unless proven successful by many traders and I have not seen any AI receiving much credits.

Of course, one cannot completely rely on AI algorithms, as practice shows that AI makes fatal mistakes and this is confirmed by the results of the trading championship, which is held between different types of AI. In any case, a beginner will not be able to trade profitably based on the advice of AI alone, as this will also require the knowledge and experience of the trader himself.

That's not good advice for me. I don't think AI will make you successful in trading. Yes, AI can provide some good analysis and data, but it's only an aid. The decision-making power rests with the trader because AI isn't necessarily going to make the right decisions. I haven't tried GetAgent for trading, but I've tried other tools and haven't had good results. I don't expect this to be any different.

GetAgent as an AI tool that was developed by the Bitget exchange, and its core focus of creation is to assist traders during their crypto trading  activities of which boils down to analysis and execution. It has nothing to do with traditional stock or the forex markets and it must be used with the basic understanding that trading carries significant financial risk. The best way I see its application is to first understand the trading market scenarios that are present and then improvise on the results the AI tool has provided for maximum benefits. It isn't an assurance of successful trading, but it is a start to a successful trading career.

I checked the AI op recommended, there’s nothing special about AI assistant in terms of trade although people get lucky whenever they make use of AI I guess they’ve gone too far using AI as a trade tool, GetAgent is accessible in Bitget after some research still I’m not surprised, the number of AI bots found in an exchange commonly meant to assist traders is much nowadays so I don’t recommend any rather everyone should find a convenient strategy or AI bot if AI is so helpful, personally I don’t trust the use of AI when trading probably the tool should not carry the work load definitely a little experience and strategy will give better result.

There are many out there discussing trading using AI and there are even studies comparing which AI is profitable. But I'm not too sure if only continuing to rely on AI for trading will not be that smooth. They have a lot of sweet talk....like AI is profitable but not in a way, whether they use premium or not is not clear at all. Looking for help with AI is fine, but don't be too fanatical because we know AI is not perfect.

How could this AI worked for you and how much profits you got after using them for yourself? What AI tools did you use, how fast were you able to get the information from AI and implement into trading platforms? I know clearly AI can help you analyze, but can't help you place trade automatically, is there any AI that can do both?