Why haven't you started using AI to get rich? It's literally free money?

Why haven't you started using AI to get rich? It's literally free money?

ChatGPT Wizard Shirt $21.68

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  1. 10 months ago
    Anonymous

    I need this

    • 10 months ago
      Anonymous

      link to paper

      bump. paper plox

      literal pajeet

    • 10 months ago
      Anonymous

      link to paper

      bump. paper plox

  2. 10 months ago
    Anonymous

    link to paper

  3. 10 months ago
    Anonymous

    bump. paper plox

  4. 10 months ago
    Anonymuos

    Sounds like bullshit, 3.5 has several years old data.

    • 10 months ago
      Anonymous

      Doesn't matter if it's just being used to gauge whether an article represents positive or negative sentiment. Black person.

      • 10 months ago
        Anonymous

        Hedge fund have been doing sentiment analysis on news stories for years along with thousands of other signals like e.g looking at satellite images to see how many cars are parked outside of certain stores etc.

  5. 10 months ago
    Anonymous

    Hedge funds have been using shitty models for ages, buying stocks fir millisecond and then selling it to maximize returns. Human investors are vastly inferior, hence why only real human investors are cryptobros and morons who take advice from BOT, Reddit or finance youtubers. Just absolute dregs of society that waste their parents money because they are fricking moronic. This is what human investors have been reduced into. No wonder that more advanced but 2 years late model is able to outperform most humans.

  6. 10 months ago
    Anonymous

    >without transaction costs
    Most amateur strategies are even profitable without transaction costs.
    Most highly sophisticated strategies aren't even profitable with transaction costs.

  7. 10 months ago
    Anonymous

    So does no one have the link to the fricking paper? Idgaf if it closed access.

    • 10 months ago
      Anonymous

      https://arxiv.org/pdf/2304.07619.pdf

    • 10 months ago
      Anonymous

      https://arxiv.org/pdf/2304.07619.pdf

      Latest revision
      https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4412788

  8. 10 months ago
    Anonymous

    because I like doing it by hand

  9. 10 months ago
    Anonymous

    Because the government makes the process of actually cashing out any day trading gains and paying taxes on them an excruciating legal minefield

  10. 10 months ago
    Anonymous

    We need a quant general on here. Jim Simons was merely the owner of Rennaisance Technologies, it didn't take of until Robert Mercer (a computer scientist) became involved. We can all become rich with code instead we're name calling each other Rusttrannies and Cniles.

    • 10 months ago
      Anonymous

      >We can all become rich with code instead we're name calling each other Rusttrannies and Cniles.
      Someone needs to put those crabgays in their place, and I'm not about to let someone else do it halfheartedly.

  11. 10 months ago
    Anonymous

    If you think you can win money in market with tools that are available to literally everybody with no investment, I have no words.

  12. 10 months ago
    Anonymous

    Lmao if you think x5 is a good performance for a risky strategy that conveniently excludes transaction costs then I know why you are poor.
    Ffs. i bought "assets" with 66% transaction fees as a teenager and even that went up by 60000% i kid you not.
    Years ago i also bought amd stocks, a much more conventional and conservative investment, and I'm currently up 600% - including transaction fees of course.
    This might only be anecdotal evidence at best, but it's at least real and not a sanitized thought experiment that would likely cause you to lose money if you were to execute it in practice.
    Especially automated trading or algorithmic market predictions are fields that uneducated novices have no place meddling with if they don't plan on losing their money real fast.
    Because all the described approach does is follow public news articles and buying based on that, just using gpt as an aggregator. That is quite frankly a very moronic strategy, but hey it's your money you're gonna lose...

    • 10 months ago
      Anonymous

      Holy larperald

      • 10 months ago
        Anonymous

        No larp. The truth. I just didn't mention that the volume of my investments was quite low.
        15€ and 200€ respectively xD.
        The first is worth 1.8k, the other 1.4k right now.
        I did made them when i was a student with no regular income.
        But it doesn't change the fact that the relative gains are real, something OPs claims aren't.
        Hence even if you'd assume I'm borderline moronic, it still stands that i must understand at least the fundamentals regarding investment strategy, which means I'm already better qualified than OP to spout my bs opinions on this mongolian basket weaving forum.

      • 10 months ago
        Anonymous

        As to the more catchy 60000%, i own(ed) 300(500) breakout cases, each of which was worth 1 cent when i bought them. Now they are worth more than $6. I did however pay 15€, so 3ct per case, meaning 66% were transaction costs.
        I have over the years sold 40% of my cases, but still own 300. Each of those 300 cases has seen at least a x600 increase in value, although depending on the currency, currency fluctuations and price fluctuations it might be a bit less or somewhat more. Then there are the difficulties exchanging it to real currency. It is possible but the easiest methods have at least 15% costs, although there are other more complicated but more efficient ways of conversion, which is why it's hard to put an exact number on the actual value. So even though the value is typically higher than 6 bucks for the sake of simplicity i just used it as a easy and realistic surrogate.
        As i said before, it's a very unconventional investment, and i made it as a literal teenager. Also the fact that they were worth 1ct makes it a bit easier to achieve those extreme numbers, when factoring in transaction costs (which op doesn't do either) it's only ~20000%...

        • 10 months ago
          Anonymous

          >I won the lottery so I know how to invest

          • 10 months ago
            Anonymous

            Lighting doesn't strike the same spot twice, or something like that.
            I made decent investments twice, which is a lot better than 0 I'd say. I didn't say I'm the ultimate authority, but it beats OPs bs by a longshot. I did my research, it worked out. OP slaps AI onto one of the most moronic investment strategy known to man and thinks it's free money. One is weird, the other one's extremely moronic.

  13. 10 months ago
    Anonymous

    aren't stocks already controlled by algorithms? trading companies pay top dollar for being located closer to the stock exchange so that they get that sweet 0.000001ms advantage in signal propagation time that is enough for the automated trading bot to sell or buy stock in question

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