/biz/ - Business & Finance

>>57243351
>Straight up asking it what it would invest in
Zero chance of an edge. It doesn't even know recent data. GPT is purely a language model, it doesn't know anything about quantitative analysis. It's just completing sentences based on internet text that's already outdated by several months. You may as well randomly pick funds/stocks.

>Daily sentiment analysis trading
There's a chance that something like this could have an edge, but it's possibly already being squeezed out. GPT can summarize the gist of a lot of text and would definitely be able to come up with sentiment. The question is whether the sentiment is actually predictive (either it's not at all, or it has some predictive power that will be priced in by other players by the time you've done your analysis).

>>57243386
Agreed on the first point.

Do you think /biz/ would be interested in a daily thread of the 30 stocks GPT recommends to buy? I have a feeling this could be something too.

Open to other ideas if you have any!

>>57243351
>chuds are still obsessing over muh gtp

>>57243473
>Open to other ideas if you have any!
go back

>>57243480
Stay poor dumbass. Bet you have most of your portfolio in shit-ptocurrencies.

>>57243386
>>57243351
Using ANNs for sentiment is overengineering it. Counting stock mentions weighed by distance to a list of negative and positive buzzwords is sufficient and way more reliable.

>>57243754
Interesting. Has anyone actually tried this for an extended amount of time?

>>57243473
>Do you think /biz/ would be interested in a daily thread of the 30 stocks GPT recommends to buy?
There'd be a lot more work to determine if 30 stocks held for a day is the right number of stocks and holding period. There's also determining the right model pipeline or whether something like this >>57243754 is actually better.
Some kind of back testing would be necessary but comes with the usual possible pitfalls of overfitting and having the outcome mostly determined by odd one-off events.

>>57243351
i already did something like this and have been dca-ing into my gpt portfolio for the past 6 months.

>>57243351
If this actually worked we would statistically have a handful of overnight billionaires.

>>57244342
i asked gpt quesions like what sectors are positioned to increase in the future 10-20 years. it answered with e commerce, cybersecurity, tech. I responded with what stocks would be good for e commerce...give me top 4 it answered with MELI, BABA, AMZN, SHOP. I invested, done. for cybersecurity it answered, OKTA, CRWD, ZS, PANW. For renewable energy NEE, FSLR, ENPH, TSLA. For Tech, GOOGL, MSFT, NVDA.

>>57244342
Tell us more. What is your setup? The more I am thinking about this the more important it is to specify which sites you tell it to scrape. I am thinking the big stock news sites, MAYBE biz and a few reddit subreddits. Definitely not wallstreetbets though.

>>57244312
Yeah you are right. Lots of what ifs. I feel like 30 is a nice round number that I'd be able to double check on a daily basis to make sure it isn't giving me bad data. It isn't too narrow but it isn't too huge a number to be unmanageable. Determining the pipeline for where it scrapes it's data from is also a huge question.

>>57243473
Yea please do anon but remember it’s pozzed

>>57244410
Just noticed your second post. I am more leaning toward the market sentiment idea instead of just asking it to throw out names have it scrape forums and news websites, buy what it spits out and rebalance daily.

It's data is two years old.

>>57244445
I'm a newbie when it comes to this all, i didn't even know you could tell it to scrape sites it pulls data from (even a blind squirrel finds a nut). this is my return... not too bad, i'm curious to see where it goes. again it isn't huge, i'm not investing big into GPT hand picking stocks. i asked it very basic questions it could reliably give a response too, and i invested in companies i had some familiarity with.

>>57243351
>Straight up asking it what it would invest in.

...i did this this morning with deepai and it told me to invest into msci world index etf.

>>57244488
It's data is two years old. Yes. But you can ask it to search the web / scrape new threads on forums for up to date information. /smg/ would be a good candidate for this project.

>>57244484
anon there's also flow gpt which someone mentioned on /biz/ before. it gives you access to other ai chat bots if you were curious about other ones.

>>57244514
I think my plan is retarded enough to actually work. Going to build this thing in my spare time. Checking this thread periodically throughout the day while at work to see if anyone shares any good ideas for it.

The more I think about it the more I like it. A GPT plugin that would scrape /smg/ and news sites daily to give me what to invest in for that day.

>>57244568
Thanks for the suggestion anon. Will definitely look this up. Supposedly OpenAi has a new GPT store as well. Will check if anything similar exists on there once I am done with work.

>>57244584
>A GPT plugin that would scrape /smg/ and news sites daily to give me what to invest in for that day.

.. i asked chatGPT and it told me it has no direkt access to the internet! so how do you feed gpt with the data?

>>57244742
I asked it as well and it said it was possible with plugins.

>>57244742
>>57244934
You don't necessarily need it to have access to the internet directly, you basically need to provide it with a text input (e.g. headlines from the internet) and see what it says.
There's an API which would fit into a script nicely, but I think that requires a subscription.
I've not tried plugins, but if they're pre-written ways to get stuff from the internet as GPT input they're probably not flexible enough to experiment with the inputs you want.

>>57245063
Yeah. Did some digging during my break and it isn't as simple as you'd think.

Do you think it's worth it for me to get a subscription and play around with it? Would suck to pay them 20 bucks and just find out it isn't really feasible yet.

>>57245063
Also found the following post on reddit:

https://old.reddit.com/r/ChatGPT/comments/14oouiy/stealing_the_gpt_portfolios_27m_trading_strategy/

I know reddit sucks but looks like there are people doing similar things to what I want to do out there.

Got another update for anyone following this thread. Looks like someone already built out exactly what I was talking about. Only drawback is that it seems to be limited to reddit. Wish we could choose which forums or news sites it scrubs for data. but it's a great start. Check it out:

https://monkeemath.com/

>>57243351
The Open BB guys have started doing #2:
https://openbb.co/blog/creating-an-ai-powered-financial-analyst

>Our Platform aims to empower the OpenBB Copilot, an AI-powered financial analyst, to perform tasks ranging from knowledge retrieval to fully autonomous analysis. The architecture involves task decomposition, tool retrieval, and subtask agents, showcasing impressive results in both deterministic and non-deterministic workflows. Read on to explore its capabilities and don't forget to watch the demos.


I'm more interested in leveraging AI to autopilot portfolio allocations based on technical, seasonal and cyclical indications (primary and cycle trend following and some wyckoff methodologies)

>>57245564
That's another promising one. The one I found seems to be completely free though.

>>57245587
I'm no dev guy and know sh!t all but I would think the quality of the community will determine the ultimate success. Since the code is open as well you can easily just leverage what's in OpenBB instead of paying for their extra services:

>As can be seen above, the results are extremely impressive. We achieved this with a couple of weeks of work, but there are still a lot of areas that we can improve and in which we are currently working on. However, the current results make this an extremely exciting space to be. All this work is open source and can be found on GitHub here.

https://github.com/OpenBB-finance/openbb-agents

>ask chatgpt what sticks to invest
>suggest jnpr, cien, yahoo, ibm, and dell
>lose everything

>>57244546
>It's data is two years old.

Grok would prob have more up to date info as I assume it uses Twitter to construct its LLMs.

>>57243386
>You may as well randomly pick funds/stocks.
That's a legit strategy and I'm tired of pretending it's not.

>>57245532
>>57245564

>I'm more interested in leveraging AI to autopilot portfolio allocations based on technical, seasonal and cyclical indications

>https://www.youtube.com/watch?v=9Y3yaoi9rUQ