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A comment on ChatGPT Trading Algorithm Delivers 500% Returns in Stock Market.

Re:ChatGPT Trading Algorithm Delivers 500% Returns in Stock ... by rafamvc on Sunday June 04, 2023 @10:52AM (#36186041)
The timeframe was only 1 year, therefore this is a rather inconclusive test. It warrants more investigation, but if a hedge fund understands that feeding good news or bad news to an AI makes the stock market move, eventually they will control the news factory to control the AI.

It is a neat trick though. I can't read that fast and I can't make 500%.

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Re:ChatGPT Trading Algorithm Delivers 500% Returns in Stock ... by emmender on Sunday June 04, 2023 @11:10AM (#36186215)
the stock market for short-term traders is a zero-sum game.

if there is a chatgpt trick that produced alpha, it would be adopted by every hedge-fund reducing its effectiveness (and alpha generation).

so, these sorts of tricks depend on suckering retail traders who as a group are the losers. but the stimmies have run out, and so will these tricks.

[ Parent | on HN ]