We should ask ChatGPT to build a profitable trading system

[777]

So far I have been too lazy to learn how to use any of these AI websites, but eventually I will do it. Do you guys think in the near future bots can make a decent system that is profitable and easy to follow?

https://www.datrics.ai/ai-in-stock-trading-what-you-need-to-know-in-2020#:~:text=How to Make Profit on,only 5 years from now).

AI Technologies for Profitable Stock Trading
Artificial intelligence trading strategies get increasingly sophisticated as the systems learn from their own experience. Thus, today, they offer indisputable benefits to users by allowing:

• Pattern detection. AI software analyzes historical data and sees recurrent patterns in stock price dynamics to identify the right strategy for an investor.
  
• Predictive sentiment-based trading. AI programs can incorporate data from news and social media into their analyses, making decisions based on the dataset much more extensive than conventional technical analysis would allow.
  
• Speed trading. With every millisecond counting in stock trading, trading AI apps can save you time and money by facilitating instant decisions and actions.

So far I have been too lazy to learn how to use any of these AI websites, but eventually I will do it. Do you guys think in the near future bots can make a decent system that is profitable and easy to follow?

https://www.datrics.ai/ai-in-stock-trading-what-you-need-to-know-in-2020#:~:text=How to Make Profit on,only 5 years from now).

AI Technologies for Profitable Stock Trading
Artificial intelligence trading strategies get increasingly sophisticated as the systems learn from their own experience. Thus, today, they offer indisputable benefits to users by allowing:

• Pattern detection. AI software analyzes historical data and sees recurrent patterns in stock price dynamics to identify the right strategy for an investor.
  
• Predictive sentiment-based trading. AI programs can incorporate data from news and social media into their analyses, making decisions based on the dataset much more extensive than conventional technical analysis would allow.
  
• Speed trading. With every millisecond counting in stock trading, trading AI apps can save you time and money by facilitating instant decisions and actions.

It's a good thing that AI has not advanced to the point of having original creativity. If it did, we would be all doomed but don't rejoice too soon, the AI is getting there. I read an article somewhere that stated that they did an experiment with an AI to test its creativity. What they did was they read an unfinished story to the AI and asked AI to finish it. AI was able to finish it flawlessly and when they read the half-human-created half-AI-created story to a group of audience alongside a story completely created by human, NOBODY in the audience could tell the difference. And this is about 8 years ago and I am sure AI has advanced a lot by then. It's only a matter of time before AI would be able to compose a symphony, create a play, choreograph a dance piece, write a novel and create a trading system, basically being on the same level as us.

The most successful hedge fund of all time has been one hundred percent automated for decades: Medallion Fund from Renaissance Technologies.

Medallion has earned well over sixty percent a year for over thirty years with only one losing year. The fund size is capped at ten billion as it can bot find enough large edges to hold more money. Medallion threw out outside money many years ago.

 

[Pekelo]

The most successful hedge fund of all time has been one hundred percent automated for decades: Medallion Fund from Renaissance Technologies.

I am sure they didn't type into Altavista: "profitable trading system"

 

[virtusa]

The most successful hedge fund of all time has been one hundred percent automated for decades: Medallion Fund from Renaissance Technologies.

But that has nothing to do with chatGPT. Many people have fully automated systems.

PS: How do you know that they have been one hundred percent automated for decades? Did they tell it to you?

 

[unconventional wisdom]

keep in mind, chatgpt has a hardstop for new data from september 2021.

 

[unconventional wisdom]

 

[Nobert]

View attachment 306708

Good luck to the retail folk following it's guidance, they will need it.

 

[Sprout]

One can use chatGPT to diagram and build system components...

 

[Sprout]

View attachment 306707

keep in mind, chatgpt has a hardstop for new data from september 2021.

It might not matter. A noob here, and have been researching more deeply how it works.

expand see more for the timestamps


One can feed it gists or knowledge graphs a la the matrix "downloads" "...I know kung fu"

https://neo4j.com/graphgists/modelling-the-top5s-securities-of-the-stock-market/

These are some of the types of knowledge graphs that it can access.

tbh, many of the comments on this thread are in the class of not knowing which questions to ask.

 

[Sprout]

ChatGPT is programed by Disney types.
It filters its search, to show only what it wants you to know=Woke Wikipedia.

 

[Sprout]

Should you use ChatGPT to learn how to build a "profitable" trading system? Yes.

Should you use ChatGPT to build a "profitable" trading system? No.

Why? Technology has already made us less reliant on our grey matter, hence making us dumber. Why make matters worse.

While already rung up, I gave extra change to a cashier to get less change in return. She froze and could not process what just happened.

However, there will be those that recognize the opportunity. I've been stimulated to ask questions I've never asked before in domains that I did not know existed.

This reminds me of a blurb; Lex Fridman had a great interview with Neal Stephenson author of Snow Crash, Cryptonomicon et al. Neal was also the first employee of Blue Origin and was tasked to develop alternative propulsion systems. He quickly discovered that he could spend much mental capital "inventing" or he could poke around and discover someone else had already invented it and "did all the math."

In was an epiphany for me.