Can ChatGPT do real-time life day trading? Just feed the live data feed to ChatGPT. Let ChatGPT click BUY SELL buttons as and when it wants to. Then within a few hours/days, we will know how great ChatGPT is. Don't need to write thousands of words to show that ChatGPT can predict the market. Just show bottom-line data and that should suffice.
As in automated trades based on algorithms, but not 100% AI generated without any user input. Not saying this is the case with ChatGPT at the moment, but I have good feeling this could be achievable within the next 10 years.
There is some edge gained from using historical market data(past patterns) that requires putting in the work & the creativity to have thought of it. If lazy noob's are spoon feed this data from AI in the future that edge could perish - or maybe not since you could give noobs the high/low of the day, & they will still find a way to lose.
Bards take, I asked for a confidence rating of 1 to 10. I have looked at the news for the top twenty S&P 500 listed companies, and here are my thoughts: Apple (AAPL) Confidence: 8 Thought: AAPL is expected to report strong earnings for the first quarter of 2023, and the stock is trading at a relatively attractive valuation. Microsoft (MSFT) Confidence: 7 Thought: MSFT is well-positioned to benefit from the growth of the cloud computing market. Amazon (AMZN) Confidence: 9 Thought: AMZN is the dominant player in the e-commerce market, and it is also expanding into new areas, such as cloud computing and logistics. NVIDIA (NVDA) Confidence: 10 Thought: NVDA is the leader in the semiconductor market, and it is benefiting from the growth of artificial intelligence and machine learning. Alphabet (GOOGL) Confidence: 8 Thought: GOOGL is the dominant player in the online advertising market, and it is also expanding into new areas, such as self-driving cars and artificial intelligence. Berkshire Hathaway (BRK.A) Confidence: 7 Thought: BRK.A is a well-diversified conglomerate with a strong track record of performance. Meta (META) Confidence: 6 Thought: META is facing some challenges, such as increased competition from TikTok and regulatory scrutiny. However, it is still the dominant player in the social media market. UnitedHealth Group (UNH) Confidence: 9 Thought: UNH is the largest health insurance company in the United States, and it is well-positioned to benefit from the aging population and the growth of healthcare spending. Exxon Mobil (XOM) Confidence: 5 Thought: XOM is a cyclical stock that is sensitive to changes in oil prices. The stock is currently trading at a relatively attractive valuation, but it is important to keep an eye on the oil price outlook. Johnson & Johnson (JNJ) Confidence: 8 Thought: JNJ is a well-established company with a strong track record of performance. It is also a Dividend Aristocrat, which means that it has increased its dividend for 50 consecutive years. Visa (V) Confidence: 9 Thought: V is the dominant player in the global payments market, and it is well-positioned to benefit from the growth of e-commerce and mobile payments. Mastercard (MA) Confidence: 9 Thought: MA is the second-largest player in the global payments market, and it is well-positioned to benefit from the same trends as V. PayPal (PYPL) Confidence: 8 Thought: PYPL is a leader in the digital payments market, and it is benefiting from the growth of e-commerce and mobile payments. Tesla (TSLA) Confidence: 7 Thought: TSLA is the leading player in the electric vehicle market, and it is well-positioned to benefit from the growth of this market. However, the stock is also volatile, and it is important to do your own research before investing. Home Depot (HD) Confidence: 9 Thought: HD is the largest home improvement retailer in the United States, and it is well-positioned to benefit from the growth of the housing market. Walmart (WMT) Confidence: 8 Thought: WMT is the largest retailer in the world, and it is well-positioned to benefit from the growth of the global economy. AT&T (T) Confidence: 6 Thought: T is a cyclical stock that is sensitive to changes in economic growth. The stock is currently trading at a relatively attractive valuation, but it is important to keep an eye on the economic outlook. Intel (INTC) Confidence: 5 Thought: INTC is facing some challenges, such as increased competition from AMD and the transition to new chip manufacturing technologies. However, it is still a leading player in the semiconductor market. Pfizer (PFE) Confidence: 8 Thought: PFE is a well-established company with a strong track record of performance. It i
AI platforms competing against each other ... at some point with 100's or 1000's of well-funded, individually tuned, platforms competing against each other, it will be hard for any single platform to continually dominate as their newly created 'edges' are discovered and absorbed. As long as markets continue to go up and down, successful traders are likely to be successful, and unsuccessful traders are likely to be unsuccessful.
Markets will always go up and down. The issue is how much chop there is in between those up and down movements. More chop = more randomness. Trading becomes even harder and harder over time, as if it wasn't hard enough already.
%% Good points; but not by predicting. Thats why they call it weather forecasting + not weather predicting. There is also a big difference is between rainstorms + drought. It is true ''predicting '' is a real attention grabbber. RT /JS does have an amazing track record In fairness GWB's article does differently disclose in line 4 , its ''forecasting'', not prediction. LOL Its like they noted in post # ten, this thread.