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You need to look up methods of installing custom firmware on your PSP before you do anything with CWCHEAT.
You'll need a Pandora Battery (either make one yourself or get your hands on one) and PSP Grader or a similar program to make a Magic Memory Stick. I recommend PSP Grader because it installs 3.80m33 which can easily be updated to 3.90m33-3 using the PSP's own network updater. You can hardmod a battery you already have to become a Pandora Battery, or you can buy one online. Just Google tutorials or look on YouTube, there are countless "How to" guides out there.
CWCHEAT won't, and can't possibly run on official firmware because it's homebrew. Get custom firmware.
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