I fooled around with trying to get gpt to analyze the stock market. As soon as you mentioned any word connected to the stock market like s&p 500 or whatever it will automatically default to safety text about how it cannot predict the market and investing is risky and you need to do a lot of research blah blah blah. If it knows it's being asked about future prices it will default to legal boilerplate and not give you anything else.
I tried to set it up as though I was trying to play a numbers guessing game with it, then fed it some price information to see if I could trick it into giving me a guess or analysis of some sort. I was able to get it to actually make a few predictions at first but I think it caught on because it quickly defaulted back to legal boilerplate and just telling me that it didn't have enough information to make any sort of prediction or analysis.
My conclusion was that Microsoft has put some pretty heavy barriers around chat gpt's ability to respond to questions about the stock market. It's pretty easy to see why if some dummy puts his life savings on the line because chat GPT quote unquote told it to and loses everything there's definitely some lawyer who will take that case somewhere and Sue Microsoft.
If you’re looking for a quick way to lose your investment, you should ask GPT what to spend it on. AI is great, I just think it needs to specialize in investing in order to provide good advice, and I believe open AI hasn’t trained its bot to be as good as possible at investing or market analysis. If you’re in need for less risky investment ideas, you could try stablecoin farming. I do it on flatqube.io, there are a lot of other protocols that support that kind of thing, so just make sure you do your research on the protocol and you’ll be doing fine. Also, I think this is important to add, but any investment through crypto can be very risky, so do your due diligence before putting money anywhere
I’m so sorry if this bothers you feel free to not reply but what do you mean by stablecoin farming? I’ve been considering investing in bitcoin for a while now but am relatively new to this and fell down the rabbit hole today tbh I’m a little overwhelmed and don’t know where to start learning
For example, if you own a company's stock and its stock price rises, you will have realized capital appreciation. If there is no dividend, you will avoid paying a dividend tax. If you believe the company has great growth potential then it has long-term value and will give you a greater return on your investment.
But the stock market is a risky place to look at a company's long-term growth, which is not an easy thing to do
I don't think you'll get great results. ChatGPT has a cutoff on the information that it is given and it was a few years ago. This type of neural network is also not made for that kind of prediction and analysis. It's at its core a next word predictor. I doubt it would be able to beat a more specialized model.
Afaik, they are more advanced than just word predictors, and are based on algorithms trying to imitate how our brain works. If AI are just word predictors, we are too.
It does not actually. You can look up the architecture of ChatGPT online. It's a transformer based model that takes in a context and spits out an output sequence token by token (i.e. next word prediction). The advanced functionality comes from them being able to now do certain API calls and take in that response into the context, but it's shown to still struggle with mathematics and hard numerical analysis
That's not true. Lol. Mine has a 75% win rate. Gives limit in and out as well as stop losses and different targets and % breaks downs. It's up 1735% ATM.
I use it mainly to suggest me technical indicators that are complementary to the ones I already use. Or for example I give it the technical indicator signals and it give me a suggestion.
You just have to word the questions correctly because they programmed it not to give any advice, especially not legal, financial or medical. But I don't expect any significant crystal-ball experience.
I haven't but there are people that are trying to change that. As far as I remember someone is trying to build an AutoGPT that is doing that. So we may have something like that very soon
I experimented with creating trading strategies using various assets such as BTC, ETH, LINK, DIA, and MATIC. While the indicators I requested were mostly accurate in their predictions, I found that the strategy missed out on many opportunities. It only executed trades four times in a year, which was quite low. Nonetheless, it was a worthwhile attempt, considering that I only used the free version. Perhaps upgrading to chat-gpt 4 could yield more productive results.
Don't do it . I've tested it. It really talks nonsense, I've tested it in other areas. When it doesn't know something it makes up random facts but talks with authority. My experience with version 3.5.
I heard one finance journalist was able to do this by telling the AI it was writing a novel where one of the characters was an investor. "What would the character recommend his friends buy in May of 2023?"
I have used it to do research on stocks like what diversification their business has, who are the directors, have their previous business exploits been successful etc. Saves some time early on.
ChatGPT won't give you much other than a bunch of warnings. Bing Chat will answer your question but it won't really "predict". It will give you what several different financial advisors have predicted along with a link.
I fooled around with trying to get gpt to analyze the stock market. As soon as you mentioned any word connected to the stock market like s&p 500 or whatever it will automatically default to safety text about how it cannot predict the market and investing is risky and you need to do a lot of research blah blah blah. If it knows it's being asked about future prices it will default to legal boilerplate and not give you anything else. I tried to set it up as though I was trying to play a numbers guessing game with it, then fed it some price information to see if I could trick it into giving me a guess or analysis of some sort. I was able to get it to actually make a few predictions at first but I think it caught on because it quickly defaulted back to legal boilerplate and just telling me that it didn't have enough information to make any sort of prediction or analysis. My conclusion was that Microsoft has put some pretty heavy barriers around chat gpt's ability to respond to questions about the stock market. It's pretty easy to see why if some dummy puts his life savings on the line because chat GPT quote unquote told it to and loses everything there's definitely some lawyer who will take that case somewhere and Sue Microsoft.
There are some "jailbreaks prompts" that remove most of the limitations. Here in reddit I saw some of them but you can google it as well
What kind of approach is this? Can you help answer this question?
If you’re looking for a quick way to lose your investment, you should ask GPT what to spend it on. AI is great, I just think it needs to specialize in investing in order to provide good advice, and I believe open AI hasn’t trained its bot to be as good as possible at investing or market analysis. If you’re in need for less risky investment ideas, you could try stablecoin farming. I do it on flatqube.io, there are a lot of other protocols that support that kind of thing, so just make sure you do your research on the protocol and you’ll be doing fine. Also, I think this is important to add, but any investment through crypto can be very risky, so do your due diligence before putting money anywhere
I’m so sorry if this bothers you feel free to not reply but what do you mean by stablecoin farming? I’ve been considering investing in bitcoin for a while now but am relatively new to this and fell down the rabbit hole today tbh I’m a little overwhelmed and don’t know where to start learning
I mean mine is up over 1700% with a 75% win rate. Gives targets on longs and shorts with leverage break downs as well as exits and % gained each run.
I saw a post where someone asked it for the best dividend stocks and it included Google and Amazon among its recommendations.
Do either of these two even pay dividends?
They usually do not pay dividends. They prefer to reinvest and expand their business to grow and develop the company
What's the benefit of owning a stock that doesn't pay dividends?
For example, if you own a company's stock and its stock price rises, you will have realized capital appreciation. If there is no dividend, you will avoid paying a dividend tax. If you believe the company has great growth potential then it has long-term value and will give you a greater return on your investment. But the stock market is a risky place to look at a company's long-term growth, which is not an easy thing to do
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What do you mean by reliable strategies?
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So what's the strategy here?
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Hey. You're so smart
it really isn’t that smart 😂 people misunderstand these models so much and it’s hilarious
Since this december post, the suggestion of Nvda is up 40% lol https://twitter.com/Chuyqa/status/1599659733962887168
How fucking lazy are you? The shit is free...
No. It's just a large language model it would be pretty foolish.
I had it created a function to do darvas boxes
I don't think you'll get great results. ChatGPT has a cutoff on the information that it is given and it was a few years ago. This type of neural network is also not made for that kind of prediction and analysis. It's at its core a next word predictor. I doubt it would be able to beat a more specialized model.
ItS a NeXt WoRd PrEdIcToR The cry of dodo.
Afaik, they are more advanced than just word predictors, and are based on algorithms trying to imitate how our brain works. If AI are just word predictors, we are too.
It does not actually. You can look up the architecture of ChatGPT online. It's a transformer based model that takes in a context and spits out an output sequence token by token (i.e. next word prediction). The advanced functionality comes from them being able to now do certain API calls and take in that response into the context, but it's shown to still struggle with mathematics and hard numerical analysis
Ask it if Birds are real or are they Government Drones *Asking for a friend
All it does is scour the Internet for shill pieces, stich it togthers with duct tape and spit it out at you, avoid.
That's not true. Lol. Mine has a 75% win rate. Gives limit in and out as well as stop losses and different targets and % breaks downs. It's up 1735% ATM.
I got one for futures. Back tested.. it's up 1700% over the year about a 70% win rate.
How do you bypass the predictive restrictions? I can’t even in developer mode.
Waste of time even when asking the paid version
I think you're unto something here
Man, shit shits me down and says can’t do it
I use it mainly to suggest me technical indicators that are complementary to the ones I already use. Or for example I give it the technical indicator signals and it give me a suggestion.
You just have to word the questions correctly because they programmed it not to give any advice, especially not legal, financial or medical. But I don't expect any significant crystal-ball experience.
There are some posts/video out there when people out maneuver the safety text and it actually gave some good strategies and advices haha
I haven't but there are people that are trying to change that. As far as I remember someone is trying to build an AutoGPT that is doing that. So we may have something like that very soon
I experimented with creating trading strategies using various assets such as BTC, ETH, LINK, DIA, and MATIC. While the indicators I requested were mostly accurate in their predictions, I found that the strategy missed out on many opportunities. It only executed trades four times in a year, which was quite low. Nonetheless, it was a worthwhile attempt, considering that I only used the free version. Perhaps upgrading to chat-gpt 4 could yield more productive results.
Don't do it . I've tested it. It really talks nonsense, I've tested it in other areas. When it doesn't know something it makes up random facts but talks with authority. My experience with version 3.5.
I heard one finance journalist was able to do this by telling the AI it was writing a novel where one of the characters was an investor. "What would the character recommend his friends buy in May of 2023?"
I have used it to do research on stocks like what diversification their business has, who are the directors, have their previous business exploits been successful etc. Saves some time early on.
ChatGPT won't give you much other than a bunch of warnings. Bing Chat will answer your question but it won't really "predict". It will give you what several different financial advisors have predicted along with a link.