Wasn’t there an article that looked at and showed that no, there are no stock market specialists. An “experienced” stock trader was just as accurate in their predictions as regular Joe that’s just guessing. In that sense LLM should be just as effective (if not more) at making profit.
You can never predict the stock market, because the market depends on a lot of outside influences you might not know about. Maybe some disaster wipes out the only supplier for a critical part of your top performing stock tomorrow, so he cannot deliver goods anymore. Maybe a single big investor dumps all his stock overnight, sending the value down. Maybe some law or sanction is passed that changes how the company must operate. Maybe some other trading bot decides to buy or sell a huge number of shares.
No computer or AI can account for all of the outside factors and accurately predict the outcome each time. Each “Trading AI” is just snake oil that lives of your fees and commissions. If it was working as advertised, they would not need your money, but could make infinite riches by just trading their own stocks.
Wasn’t there an article that looked at and showed that no, there are no stock market specialists. An “experienced” stock trader was just as accurate in their predictions as regular Joe that’s just guessing. In that sense LLM should be just as effective (if not more) at making profit.
You can never predict the stock market, because the market depends on a lot of outside influences you might not know about. Maybe some disaster wipes out the only supplier for a critical part of your top performing stock tomorrow, so he cannot deliver goods anymore. Maybe a single big investor dumps all his stock overnight, sending the value down. Maybe some law or sanction is passed that changes how the company must operate. Maybe some other trading bot decides to buy or sell a huge number of shares.
No computer or AI can account for all of the outside factors and accurately predict the outcome each time. Each “Trading AI” is just snake oil that lives of your fees and commissions. If it was working as advertised, they would not need your money, but could make infinite riches by just trading their own stocks.