First AI ETF is out, would you buy at all?

I agree, Pekelo...there's nothing new under the sun. The general concept of the market is as old as Moses.

If you truly want to breakaway from the pack...you have to be a really great discretionary trader.
Make Trading Great Again, Pekelo....high-five

 

When you make a portfolio of 70 stocks it's going to be hard not to perform like a index ETF

 

Unless you pick stocks that aren't diversified over some factor or criteria.

 

I need to get onto that stuff....

 

So far the performance is not good at all

 

This stock drops below its initial price today, so funny!

 

Yeah.. AI in trading... I don't get that.

I don't know how they designed it. But for me personally... if I would look at too many parameters, I suck at trading. Too much info isn't good, and not just because there's a lot of misinfo out there... and info that's already incorporated in price. It's almost like looking at a forest and not seeing the trees... not helpfull.

But companies that develop AI... that's interesting. The big ones are probably already valued pretty high, like google etc.

 

This so called "AI" is still below its initial price while sp500 keeps making new high, is this AI having IQ 50 or what?

 

Just did some simple math, just around 8 trading day this so called "AI" is around 0.8% worse than sp500 now. This is horrible! This AI thing would be annually 25% behind sp500 if you do the math!

 

at this moment today:
DJI: 0% movement
this IQ 50 etf: -0.71%
this IQ 50 (may be only 30) etf is my watching list for shorting!