Imagine accessing Wall Street level market intelligence
and expertise, not with some million dollar terminal,
but just using a simple chat interface. What
if the playing field could actually be leveled?
Welcome to the deep dive. Today, we're diving
deep into this really fascinating guide. It claims
ChatGPT is the great equalizer for, well, pretty
much anyone looking to understand and engage
with financial markets. Yeah, it's quite a claim,
but we're going to explore how some pretty straightforward
prompts can really transform this AI, turn it
into your personal market scanner, even a patient
finance professor or a systematic technical analyst.
And look, this isn't about magic money or anything.
It's about powerful, genuinely accessible new
tools. Exactly. So we'll break down these three
core prompts. They really do seem like game changers.
Then we'll get into a kind of meta strategy for
combining them into a powerful routine. And finally,
we'll discuss why this approach fundamentally
changes the game for individual traders, how
it empowers them. Let's let's explore this. OK,
so first up, the big challenge most traders face
isn't necessarily a lack of information, is it?
It's often too much information. Oh, absolutely.
It's like a 247 fire hose. Right. Economic calendars,
news alerts, social media, just noise, constant
noise. It can feel like perpetual chaos sometimes.
So how does ChatGPT help cut through that? Well,
what's really cool here is how it can sort of
transform itself. It becomes your personal market
intelligence analyst. Think of it like having
your own dedicated research desk. It scans the
whole global landscape and delivers these perfectly
organized, prioritized briefings. Okay, organized
and prioritized. That sounds key. What's the
actual prompt like? It's pretty straightforward,
actually. You basically tell it, act as a world
-class market intelligence analyst. Then you
ask it for the important market -moving stories
from, say, last week. And then... A comprehensive
list of key economic and political events for
the upcoming week. And importantly, ask it to
present this in a clean table with time, anticipated
results and prior readings. And you can tailor
that for like Forex or stock. Yeah, exactly.
You could specify, you know, focus on Forex,
stock indices and gold or whatever your market
is. And the output. What makes it so good? It's
not just headlines. That's the thing. It gives
you a clear narrative of what moved markets last
week. It explains the context, like, oh, there
were unexpected tariffs or, you know, a shift
in Fed thinking. And for the week ahead, you
get this perfectly organized calendar, time zones,
expected impact levels, even historical context.
It's all there, beautifully structured. And it's
conversational. You can ask follow -up questions.
Totally. Okay. Tell me more about the key events
for the European session. Or what's the deal
with Tokyo CPI? Or UK business confidence? It's
like chatting with a research assistant who's,
well, always on. Okay, that sounds incredibly
efficient. It really is. The return on time is
amazing. What used to take, I don't know, hours.
Sifting through websites now takes maybe a couple
of minutes. And honestly, the info is often better
organized, more comprehensive than some paid
services. Wow, that's a huge gain. And you mentioned
customization. How else can you tweak it? Right.
So besides focusing on asset class, like telling
it just crypto, you can filter by region. Like,
only show me events impacting the Asian trading
session. That cuts out irrelevant noise. You
can even ask for impact ratings. Rate each event's
potential impact from 1 to 10. Instant priority
list. Okay. Impact ratings. That's smart. And
for deeper analysis, you can ask for historical
context. Add something like, for the highest
impact event this week, briefly summarize how
the market reacted to similar data releases in
the past. It gets you thinking in probabilities,
which is crucial. OK, this next bit sounds really
powerful. The second order thinking prompt. Yeah,
this is where it gets really interesting. After
your initial briefing, you follow up. You say
something like, excellent. Now, for the most
important event this week, let's say U .S. inflation
data. Please provide a brief analysis of the
two most likely scenarios. What's the consensus
expectation? And more importantly, what is the
pain trade? The pain trade. What's that exactly?
It's the outcome that would cause the most surprise
and volatility. The one that catches the most
people off guard. This helps you anticipate not
just the news, but the market's potential reaction
to the news. Okay, wait. Anticipating the reaction,
not just the news itself? Whoa. Imagine having
that kind of analytical power like right there.
That feels like pro level stuff. It is. It's
moving beyond just facts to understanding market
psychology and positioning. So this tool, this
mission control scanner, it essentially cuts
through all the noise to give you clear, contextualized
market insights. Yes, exactly. It simplifies
vast amounts of data into actionable, prioritized
briefings. OK, that handles the information overload.
But what about understanding the complex stuff?
Financial markets are full of these, like, invisible
forces, right? Complex strategies, weird instruments.
And most educational stuff is either way too
basic or just impossible jargon. It's tough to
really learn the undercurrents. That's the second
big hurdle, the knowledge gap. And this is where
ChatGPT can be, well, incredibly helpful. It
becomes your infinitely patient, on -demand university
professor. It can explain anything. Simply. Like
having a private tutor available 24 -7. An AI
professor. I like that. What's the prompt for
this? It's quite specific to get the best results.
You say, act as a university finance professor
who is an expert at teaching. Then you clarify
your level. I am a retail trader, not well -educated
in economics finance. Then the request. Please
explain in simple terms what I, and here you
insert the concept, like basis trade is, and
ask it to cover key angles. Explain how pros
use it, why it's popular, its hidden risks, and
use a simple analogy. Okay, let's use that example,
the basis trade. I've heard the term, but honestly,
I'm a bit fuzzy on it. You're not alone. It's
a huge, sometimes dangerous force, contributed
to chaos in 2018, 2020. Yet. Yeah, 99 % of retail
traders probably haven't heard of it or don't
grasp it. So the AI would explain it's basically
a spread trade between spot and futures prices.
You buy the cheaper one, sell the richer one,
wait for the prices to converge. Simple idea,
complex execution. You might give an analogy
like futures price minus spot price. And then
examples, treasuries, commodities, crypto, like
the spot perpetual basis trading crypto. Okay,
so understanding this boring institutional stuff,
why does it matter so much for an individual?
Because these invisible games are a superpower.
Understanding them helps you. Recognize when
the market might be vulnerable to sudden crashes,
like from forced selling in these trades. Understand
how seemingly safe strategies can actually build
up systemic risk. Anticipate how trouble in one
market can spill over into others. Make sense
of movements that seem totally irrational otherwise.
It's like seeing the hidden plumbing of the market.
Right, seeing the fault lines before the earthquake.
What other invisible forces should people maybe
ask their AI professor about? Oh, there are plenty.
Carry trades. That's borrowing in a low -interest
currency to buy a high -interest one. Huge in
FX. Yield curve inversions. The classic recession
signal, but understanding why is key. Options
gamma. This is fascinating. It can cause stock
prices to get kind of pinned near big options
levels near expiration. Super confusing if you
don't know about it. Then there's quantitative
easing, or QE. The central bank money printer
stuff, very complex effects. And risk parity,
a massive strategy used by pension funds that
can cause predictable waves of guying or selling.
You know, I still wrestle with grasping some
of these deep market mechanics myself sometimes.
It's actually kind of comforting to think you
could just ask an AI professor for clarification
instead of digging through dense textbooks or
feeling lost. Definitely. And you can take it
a step further. There's an upgrade. The Socratic
sparring partner. Okay. Intriguing. How does
that work? After the AI explains a concept. You
follow up. Excellent. Now act as a skeptical
university professor holding office hours. I
am your student. Growing on the concept of the
basis trade, ask me three difficult, probing
questions to test my understanding of its risks
and its real -world implications. It forces you
to articulate what you learned, really cementing
the knowledge, turns passive learning into active
learning. So this prompt basically gives you
on -demand financial education, cuts through
the jargon, and helps make sure you actually
understand it. Precisely. It provides accessible,
expert -level financial education, filling those
critical knowledge gaps. All right, tool number
three. Let's talk technical analysis. A common
issue for retail traders is, well, inconsistency,
right? Maybe looking at one chart, acting on
a gut feeling, whereas pro -analysis is much
more systematic, multi -time frame. Exactly.
Professionals have discipline. This next prompt
helps instill that. It turns ChatGPT into your
personal technical analysis department. It almost
forces you into a systematic multi -time frame
approach. Okay, forcing discipline. I like that.
What's the prompt? Again, pretty specific. Act
as a professional technical analyst. Then analyze
and search your instrument. For example, gold
on hourly, daily, and weekly basis. And ask for
details. Annotate each chart with key technical
data. like RSI, MPD, point out key support and
resistance areas, suggest possible trade ideas
for different trading styles in a clean, organized
table. Okay, so it covers multiple timeframes
and gives actual trade ideas. Can you give an
example? Yeah, the guide used gold, XAUSD. The
AI gave a multi -timeframe overview, something
like hourly neutral, but daily and weekly bullish,
though looking overbought, and that's crucial
context, right? It identified exact price levels
for support, like 3 ,170, and resistance. Maybe
3 ,340. Tangible level. And actionable ideas.
Yep. Like consider buying pullbacks near the
3 ,288 support targeting the 3 ,340 resistance.
Specific. And importantly, risk management tips.
Like watch for weekly RSI divergence as a potential
warning sign of trend exhaustion. That's the
kind of nuanced inside pros look for. It even
connected the technicals to the real world context
like geopolitical tension supporting gold. That
sounds very different from just pulling up a
chart. It is. The pro difference is clear. It's
comprehensive forces, multi -time frame, organized
clean table format, actionable specific levels.
Current uses recent data. And it's infinitely
customizable. Any instrument, any indicators
you prefer, it instills that structure. And can
you tailor it for different trading styles, like
day trading versus swing trading? Absolutely.
For swing traders, you'd ask it to focus on daily
weekly charts, maybe add Bollinger Bands, volume
analysis, pivot points, even position sizing
ideas. For day traders, you'd focus on shorter
time frames, 15 minute, one hour, four hour.
Ask for intraday support resistance, momentum
indicators, characteristics of the London or
New York sessions. What about options traders?
Yeah, you can tailor it for them too. As for
analysis of implied volatility, key options levels,
think open interest, gamma exposure, and how
the price action aligns with major option strikes.
Really granular stuff. Okay. And there's another
upgrade here, cross -asset analysis. Right. The
cross -asset correlation analyst. After you get
the analysis on, say, gold, you follow up. Excellent
analysis on gold. Now act as an intermarket analyst.
How is gold's current price action typically
correlated with the U .S. dollar index, DSY,
and the 10 -year treasury yield, TNX? Based on
the latest data, are they moving as usual or
is there a divergence I should be aware of? Ah,
so connecting the dots between different markets,
seeing the bigger picture. Exactly. It helps
you view the market as this interconnected system,
not just isolated charts. Understand the ripple
effects. So this third prompt delivers structured,
multi -time frame technical analysis with actionable
ideas pushing you beyond just gut feelings. Precisely.
It brings professional analytical discipline
right to your charts, encouraging that crucial
systematic approach. Sponsor. Okay, we've looked
at these three prompts individually. The market
scanner, the professor, the technical analyst.
Each one seems pretty powerful on its own. But
the guide says the real magic happens when you
combine them. The meta strategy. Yeah. Think
of it like Voltron, you know? Yeah. The old cartoon.
You've got the black lion that's your market
scanner. The red lion is your technical analyst.
The blue lion is the on -demand professor. Each
one's strong alone. But together, they form this
single, unstoppable super robot, giving you a
true 360 -degree market view. Okay, Voltron.
I get it. So how does this form a practical routine?
It leads to what the guide calls the 15 -minute
mission control briefing. A core routine for
your trading day or maybe the night before. Step
one, get the weather report. That's prompt hashtag
one, the market scanner. Big picture overview,
economic events, political stuff, macro environment.
Okay, step one, weather report. Step two, get
the map. That's prompt hashtag three, the technical
analysis. Run it on your main instruments. Get
that clear multi -time frame view of support,
resistance, trends, potential setups, your tactical
view. Weather report, map. What's step three?
Step three. Consult the encyclopedia. That's
prompt hashtag to the concept deep dive. Anything
you saw on the news or on the charts that you
don't fully understand, ask the professor. Clarify
it. So in maybe 15 minutes, you've got the macro
context, the key technical levels, and you've
cleared up any confusion. That's achieving what
used to take analysts hours. It's a huge leap
in clarity and efficiency. 15 minutes for that
level of prep. Wow. And this leads to better
trading decisions. Well, it feeds directly into
this simple but powerful idea, the pre -trade
Gonoco checklist. Before you place any trade,
you run through a quick mental check. One, does
my technical setup, the map, align with the upcoming
news, the weather report, or does the news pose
a risk? Two, do I understand the relevant invisible
institutional forces from the encyclopedia that
might be at play here? Three, is there any complex
market mechanic or hidden risk I might be missing?
It directly links your high -level strategy and
prep to your tactical decisions. Okay, I see
how that works. Like, a trader might think. Yeah,
exactly. Their internal monologue might be, okay,
the technicals on gold look overbought, suggesting
caution. That's the map. But the market scanner
shows a big inflation number coming out. Plus,
geopolitical tensions are high, which is usually
bullish for gold. Weather report. My gut says
bullish, but the chart looks stretched. Hmm.
Let me ask the professor. Encyclopedia. How does
gold typically react to high inflation during
periods of geopolitical stress? What's the historical
pattern? See? It connects everything. That's
a much more thorough process. And there's even
an upgrade for reviewing trades. Yes, the weekly
debrief prompt. This is really cool. It turns
the AI into a feedback tool. You prompt it. Act
as my trading psychologist. A bit dramatic, maybe,
but effective. Describe my biggest win and loss
this week, based on our previous chats about
the market. What likely led to the win? What
cognitive biases or execution errors might have
contributed to the loss? Give me three actual
takeaways for next week. Using AI as a trading
psychologist. That's fascinating. It forces you
to reflect and learn from mistakes and successes.
Exactly. It helps analyze performance, spot biases.
It's about continuous improvement. building a
truly professional process. So when you compare
the typical amateur approach, maybe reacting
to news, scattered info across tabs, gut feelings.
Yeah, the traditional approach is often reactive
chaos, analysis paralysis, dangerous knowledge
gaps, inconsistent framework. It's tough to win
like that long term. Versus this AI -powered
approach. Which aims for calm, prepared clarity,
organized comprehensive info fast, a consistent
framework, on -demand expert help. Access to
pro -level analysis. Again, it's not about predicting
the future. It's about building the best possible
process, the best information edge, the clearest
mindset. Okay, but let's put in a reality check
here. This sounds amazing, but the AI isn't actually
trading for you. Absolutely. Crucial point. Your
AI is a co -pilot, not the pilot. Yeah. Definitely
not a crystal ball. You are still making the
final decisions. You are still managing the risk.
What your AI co -pilot will not do? Execute trades.
Manage your risk for you. Guarantee profits?
Absolutely not. Cure emotional trading issues.
Account for totally unforeseen black swan events.
Right. So what will it do? It will dramatically
improve your informational edge, help you understand
the market like a professional, provide a consistent,
unbiased analytical framework, and save you countless
hours of research. It's a powerful tool for better
decision making, not a replacement for it. Makes
sense. And the guide even lays out a plan to
get started, right? Like a four -week plan. Yeah,
it's a nice ramp up. Week one, just focus on
mastering the market scanner. Prompt hashtag
one. Run it daily. Goal. Build awareness of market
drivers. Get used to unbiased news. Okay, week
one scanner. Week two. Week two. Add the textual
analysis. Prompt hashtag three. Run it daily
on your main instruments. Compare its analysis
to your own. Goal. Build confidence in a systematic
approach. Week three. Week three, become a student.
Use prompt hashtag to the professor whenever
you hit a concept you don't get. Goal, systematically
build your knowledge base, connect ideas to market
action. And finally, week four. Week four, the
full synthesis. Run all three prompts daily as
your mission control briefing. Start using that
pre -trade checklist. Goal. Make the whole integrated
system feel natural, indispensable. So boiling
it all down, what's the big idea here for our
listeners? The big idea is that tools like ChatGPT
can offer individual traders access to resources
and analytical power that was, frankly, once
exclusive to Wall Street's elite. Think about
it. A dedicated research department, in -house
economists, quant analysts, now accessible via
chat. It really is about empowerment, then, giving
individuals professional -grade information and
frameworks. Exactly. It's about turning what
might have felt like a rigged game into something
genuinely accessible, where informed decision
-making is possible for more people. The choice
seems pretty clear, doesn't it? Keep fighting
giants with a slingshot or pick up these new
powerful tools. Maybe just start with one prompt
today. See how your market understanding transforms
over a few weeks. We talked about those invisible
forces, basis trades, options gamma. What's one
complex concept out there in your world that
you'd love a patient AI professor to just break
down for you? Something to think about. That's
all for this deep dive. Thank you for joining
us. Out to your own music.