XLY / XLP - Looks

    Posted by DigiNomad on 27th of Jun 2024 at 02:13 pm

    XLY / XLP - Looks like a lower high on the consumer also?

    ChatGPT gave me the code for this and then I dropped it into python on local machine to get the output. I haven't quite gotten to the point where I use the openAI API so it all happens with a single prompt.  

    Why waste your time when that chart is available in any charting program, you might ask.  Well,  I'm teaching myself to code, so there's that.  But the target here is to be able to prompt ChatGPT for anything real time trading related and also have it linked into the IBKR API with the ability to execute trades and strategies as we (me and the AI) come up with ideas. 

    ChatGPT's response when I asked

    Posted by DigiNomad on 27th of Jun 2024 at 02:39 pm

    ChatGPT's response when I asked for a plan as outlined below (help with strategies in real time using openAI API and feed resulting orders through IBKR API.  Thought a few of you might be interested. The code is not difficult, I just can't visualize how the end product  / tool would function yet (e.g. I was super surprised the first time I dropped a section of code into VS, hit the run button and had a chart simply pop up on my screen almost immediately. I don't know what I was expecting, but not that).

    https://chatgpt.com/share/bf0c5a81-4347-4688-8c4b-00de48430307

    "feed resulting orders through IBKR

    Posted by brophy on 27th of Jun 2024 at 04:39 pm

    "feed resulting orders through IBKR API"

    When the CIA wants to force terrorists to talk they make them use the Interactive Brokers platform. "No, please! Not that! I'll talk!"

    lol.  So TRUE>>>>>

    Posted by ruidoso on 27th of Jun 2024 at 05:09 pm

    lol.  So TRUE>>>>>

    Haha. Hard to argue! But

    Posted by DigiNomad on 27th of Jun 2024 at 06:00 pm

    Haha. Hard to argue! But many professionals use it. I imagine because they skip right past the platform with their own custom platform that executes through the API...which seems to have good reviews. 

    Well, hooray for the professionals.

    Posted by brophy on 27th of Jun 2024 at 06:07 pm

    Well, hooray for the professionals. Which most of us here are not. Thanks to the lord, we live in an era in which developers/companies have created platforms that serve us - to execute our strategies/orders and not boggle our minds with trying to configure the platform. Tastytrade comes to mind and Think or Swim. Good times to live/trade in.

    I love TastyTrade. However, TastyWorks

    Posted by DigiNomad on 27th of Jun 2024 at 06:15 pm

    I love TastyTrade. However, TastyWorks rejected me when I mistakenly disclosed my professional status. On the flip side, I always get the feeling that a platform is probably hiding something when they reject professionals.  Maybe they don't want people using the platform that might have knowledge about what is and isn't allowable, and why?

    *I get it - the various exchange agreements are different and the real time data isn't free with professionals, etc, etc. But still, it feels shady that they just reject professionals. 

    regarding TastyTrade - they are

    Posted by matt on 27th of Jun 2024 at 08:18 pm

    regarding TastyTrade - they are amazing for shorting esp small cap crap stocks that no other broker has shares for. I know a guy who uses a scanner for the stocks gapping up the most, and he shorts the ones that basically have no fundamentals. He'll do 1 or 2 a day, and whenever he gives me the one's he's short, I have never been able to short from IB, which has generally been good

    Yep, they're ok, until you

    Posted by DigiNomad on 27th of Jun 2024 at 06:09 pm

    Yep, they're ok, until you start trying to fight fire with fire...AI against AI.  Then the retail platforms fall way short of the mark...and they are losing ground quickly.  TradeStation has always been the "yeah, but what about TS"  ....but they've been prone to freezing and crashing since ever since, so it's pretty hard to build a business around and just cross your fingers. When vol rises, TS crashes. You can almost set a watch by it. 

    VS is what?  I want

    Posted by steveo on 27th of Jun 2024 at 03:10 pm

    VS is what?  I want to try some of this too

    Visual Studio Code (Microsoft Product).

    Posted by DigiNomad on 27th of Jun 2024 at 03:15 pm

    Visual Studio Code (Microsoft Product). There are other choices but I had to pick one so I started here (would love to here if someone prefers another program, and why).  It's free.  After that, you just go to the python website and install python and you can basically start dropping code provided by ChatGPT into a .py file in VS code and play around with the variables (if you're trying to learn, like me)

    It's been 20 years, but I do have a background in basic scripting, network admin and I was a DOS wizard way way back when. If you can't find your way around a command prompt, you might be better off trying to find a teacher (I've been trying to find one myself, but it's not that easy for adults)

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