Learn AlgoTrading using ChatGPT - Strategy, Backtesting & Risk Management

In this video, Souvik, a successful start-up founder and systematic trader, discusses various aspects of trading, including the importance of validating ideas, using tools for idea validation, starting with a community and manual trading, using extensions for tracking market data and placing trades, managing risk, and the limitations of backtesting.

Souvik emphasizes the importance of careful planning, understanding market dynamics, and managing risk effectively to achieve successful trading outcomes. He also stresses the importance of community support and collaboration in the algo trading community. The video covers topics such as the use of Cloud AI and ChatGPT for idea validation, the importance of data analysis, and the risks involved in option buying and backtesting.

Souvik also shares his personal experiences and strategies for trading, including the use of a dashboard for tracking multiple trading accounts and strategies. He also discusses the importance of understanding one's limitations when it comes to trading with leverage. The video concludes with a reminder that managing risk is not about making trades but ensuring that the overall portfolio volatility remains within desired limits.

He discusses his methods for monitoring market fear and volatility through tools like Implied Volatility (IV) and High Volatility Index (HV), as well as gamma exposure. He emphasizes the importance of tracking bidder spread and feed lag for efficient trading and encourages listeners to learn from his open-source code on GitHub.