Has someone tried to use ChatGPT to help in trading?

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Quote from: JooBra on February 13, 2023, 02:06:30 PM

It's limited very limited. I have tried it at many things. The only way you can make money with him is if you make youtube videos about it ahaha. Beside that it's good to write some school work and similar things. But this is only version one, it will get better and better.

I think that thanks to ChatGPT, spammers on the forum will move to a higher level, which will allow them to publish more meaningful messages that will allow them to participate in the signature campaign. But using ChatGPT for trading will require some knowledge about trading that will be based on fractals.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

Actually chatgpt is used for exactly all the things you mentioned here. Chatgpt is not capable of being used in cryptocurrency trading, it is designed to answer questions and provide information. In this case, even if you don't get help from chat gpt directly, if anyone asks information or questions to chatgpt for details about the analysis of a signal, it can help by answering. so chatgpt can use only in this case but you can yse it directly on your Cryptocurrencies trading.

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Quote from: LUCKMCFLY on March 13, 2023, 10:31:38 AM

What I see is that ChatGPT is the AI option that they launched for everyone to participate and get excited. In fact, AI is very fashionable now, haven't you noticed that now everything is AI? Even so, when they still need to develop a lot, then considering the capacity that gpt chat has, it is not capable of making predictions, in fact for some countries they do not even have it free, and of course there are many AI robots out there on the web , but how to know if they are really AI? it can be robots that extract information from wikipedia and that is something unreliable.

Option or a new addition to the existing AIs that we already have before. There are no restrictions if who can use it or where can we use it, that is why almost all people use this all new AI product called ChatGPT in almost everything they can think of including trading. To call it fashionable seems a little funny because how is this related to fashion lol? Maybe you mean to say trendy because we always hear these words anywhere and it also dominated the crypto world.

ChatGPT is still new and its devs are doing their best in order to improve it but I still don't think that they will be able to make trading a profitable activity in the future. There is no way that these AI can detect if what can happen in the future.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I think the previous ChatGPT version was not that much interactive with the complexity of trading. However, there is news coming to that new version of the ChatGPT is in fact 100x more powerful AI tool as compared to what we had earlier. That is really scary to know because it can process far more complex data such as video processing, animation, multiple interactions with left-out chats, and memory of the same.

I am definitely sure that trading would be another level achievement for the ChatGPT. It can fetch any sort of information throughout the world and it may just get its hands on insider information and make us win any trade. This is really happening and considering the way this AI is developed the possibilities are endless now.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I specifically don’t use scripts for trading. I don’t know the reason, but specifically I feel like it is not safe. I mean at the end of the day, it’s my money only, which is going to be at stake, so why be in auto pilot with pre defined commands in trading. Yes you can use ChatGPT to gain knowledge of the coins and recent price hikes. It will just do quick search from the internet and tell you the latest updates about the coin. In that perspective you can use that and there is no harm in that. But completely giving access to your funds to AI is not safe in my opinion.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

Not ChatGPT, but I have seen people claim to record massive success trading forex with AI/bots. I said forex because I have heard of bots trading forex not cryptocurrency, I do not know if these bots will also work in crypto trading as well. Since you are asking this question, are you developing an interest or curiosity about trading with AI and bots, if it is so, I will say that it is important to your trading that you at least try to have some knowledge on your own and not start your trading by depending on AI or bots to help you make profit. You will be a trader longer if you learnt to trade well than when you start trading by depending on AI/bots. If they begin to fail you, and there are no other AI and bots that can work, you may just stop trading.

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Quote from: lalabotax on February 19, 2023, 04:45:25 PM

Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

CHatGPT by OpenAI is exactly a very advanced technology, moreover, this may be quite harmful for us if we cannot optimize our ability, to be probably taken by ChatGPT. They can do many things as we instructed and will help us more than we expect. They are thinking about it.

But so far, I am still not using ChatGPT for any trading cryptos. For, trading crypto is risky. There may be a crypto trading bot using AI, but not from ChatGPT. this is because I still cannot optimize how the use of this. But I see some people are trying it on YouTube. Are they really working promisingly?

What I see is that ChatGPT is the AI option that they launched for everyone to participate and get excited. In fact, AI is very fashionable now, haven't you noticed that now everything is AI? Even so, when they still need to develop a lot, then considering the capacity that gpt chat has, it is not capable of making predictions, in fact for some countries they do not even have it free, and of course there are many AI robots out there on the web , but how to know if they are really AI? it can be robots that extract information from wikipedia and that is something unreliable.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

CHatGPT by OpenAI is exactly a very advanced technology, moreover, this may be quite harmful for us if we cannot optimize our ability, to be probably taken by ChatGPT. They can do many things as we instructed and will help us more than we expect. They are thinking about it.

But so far, I am still not using ChatGPT for any trading cryptos. For, trading crypto is risky. There may be a crypto trading bot using AI, but not from ChatGPT. this is because I still cannot optimize how the use of this. But I see some people are trying it on YouTube. Are they really working promisingly?

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Quote from: kamvreto on January 24, 2023, 03:27:42 PM

...Maybe this is the most sophisticated and smartest AI robot at the moment, it can replace a programmer.

Considering the fact that ChatGPT was interviewed by Google for the position of a junior engineer with a salary of 183 thousand dollars, this is really an indicator of a high level of intelligence - https://www.pcmag.com/news/chatgpt-passes-google-coding-interview-for-level-3-engineer-with-183k-salary. I think that this level of intelligence will allow ChatGPT to further improve its knowledge.

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Am not really a fan of trading bots because everyone knows they lag, but for my research I did make use of YouTube to get some answers and the numbers are disturbing!!

How the heck can a trading bot have 30,000% profit or 42,000% profit and you are out there telling the world you have the recipe to success this topic of ChatGPT is turning out to be a scam.... Though the best I have gathered is the the bot suggesting the best possible strategies to trade or use indicators which sounds more realistic than ChatGPT doing the trades itself.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I think that Chatgpt can be of any help in trading because it has limitations, so far it only knows the data till 2021.
So it's completely unware about the data and incidents after 2021. So in this case till now it will not to able to share knowledge with you which published after 2021. So I think those all videos and scripts are fake who promote that chatgpt can help out with trading.
But I think it can help you in this case showing the step how you can learn the trading professionally and it can give the suggestion from the starting step to end, so it can help to trading only in this way.

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Quote from: JooBra on January 24, 2023, 01:38:10 PM

I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?

I have not actually, but I have seen a video on YouTube regarding this topic. From what I know, you can not directly ask the AI to predict it for you and even if you as it with some trick question, the answer is just random, or it can't be accurate.
As in the video, I saw the ChatGPT predicted the price will be $17500 and as the video was few days old, I was able to verify it. The prediction was way off. It was $16800 on that day.
But if you can make it write codes to create trading bots, then that's some other topic. As I have no knowledge in coding, I can't tell whether it is helpful or not.

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Quote from: x88 on February 11, 2023, 07:32:35 AM

I know someone use ChatGPT on researching new project. However It's limited to use it on daily trading.

It's limited very limited. I have tried it at many things. The only way you can make money with him is if you make youtube videos about it ahaha. Beside that it's good to write some school work and similar things. But this is only version one, it will get better and better.

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I know someone use ChatGPT on researching new project. However It's limited to use it on daily trading.

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I think that many when the GPT Chat went on the air, the first thing they thought about was using it for trading, I asked questions, but I know that it is not an AI to make predictions, it has very good information, but I think it is still very limited, I would have I liked that it had that option of predictions, because that way you could do beta tests, but I know that people would not use it for those purposes but to earn a lot of money, so I think they evaded it that way to avoid a great world disorder, a great uproar where all things got out of control but I couldn't deny that there are already many people using some AI for these purposes.

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Quote from: Cryptomultiplier on January 30, 2023, 04:45:36 PM

One hard thing to do is to make a decision. It is especially harder when it concerns financial investment or earnings. Trading is one sure activity that requires one to be very decisive and responsible for the decision. ChatGPT cannot help one make decisions to this effect.
Any computer or man made tool or tech which can provide answers to some questions we ask it now, is all but 'garbage in, garbage out. Those that can predict trends like for stocks, had the algorithm built into them. It just calculates based on the telementary of its algorithm with the figured it is provided with.
It is so much so that google, calculators, some social media sites provide stored answers; asking these tools to help one make a decision on future outcome of events, based on its result right now is absurd.

Yep it is still all you depends on how you decide things. I believe that AI is there to help you support your decision and add some validation on your final conclusion. We know that AI feeds on the information we gave them and those information are the one we are using to make a decision on the things we want to know, I will personally use it to support my final decision. AI is helpful and can even be used in trading, It's a waste if we don't use the technology we currently have which is a really good tool in decision making.

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One hard thing to do is to make a decision. It is especially harder when it concerns financial investment or earnings. Trading is one sure activity that requires one to be very decisive and responsible for the decision. ChatGPT cannot help one make decisions to this effect.
Any computer or man made tool or tech which can provide answers to some questions we ask it now, is all but 'garbage in, garbage out. Those that can predict trends like for stocks, had the algorithm built into them. It just calculates based on the telementary of its algorithm with the figured it is provided with.
It is so much so that google, calculators, some social media sites provide stored answers; asking these tools to help one make a decision on future outcome of events, based on its result right now is absurd.

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Quote from: dothebeats on January 30, 2023, 02:11:18 PM

I tried asking something along the lines of your question and it returned me the same result. Honestly, props to the creators of ChatGPT because they don't try to milk the popularity of their AI. They are blunt with the limits of its technology and does educate the user as to why it's not advisable to let someone decide for your financial moves. There are some specialized AIs that can predict prices for stocks within the next few minutes, and an hour at most. They use this highly in stock trading and is constantly being updated to match with the current scenario in the stock market. Perhaps, if these AIs go public, people can use this and try whether what information it gives out is useful or not.

That is both for their moral reasons I am sure, but it is also because of legal reasons. Can you imagine if chatgpt gave financial advice? That would mean that if you end up following what it says and you lose money, there is a good chance you could sue them and if they allowed such a feature that means millions may have done it and millions would sue. They wouldn't want a headache like that, I am certain that they wanted to just be okay with it and they just wanted to keep it going.

This way they would be able to get rid of any potential bad lawsuits coming their way. I am sure they also wanted to avoid that for moral reasons too, but that wasn't the first reason for sure, it was legal reasons first.

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Quote from: Alone055 on January 28, 2023, 12:48:34 AM

I've tried it after reading your post to provide an example of what it says when asked about future predictions of cryptocurrencies, in my case, I asked it about the price of Bitcoin after a week from today, and here is what it said:

I tried asking something along the lines of your question and it returned me the same result. Honestly, props to the creators of ChatGPT because they don't try to milk the popularity of their AI. They are blunt with the limits of its technology and does educate the user as to why it's not advisable to let someone decide for your financial moves. There are some specialized AIs that can predict prices for stocks within the next few minutes, and an hour at most. They use this highly in stock trading and is constantly being updated to match with the current scenario in the stock market. Perhaps, if these AIs go public, people can use this and try whether what information it gives out is useful or not.

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Quote from: Jawhead999 on January 25, 2023, 07:45:49 AM

ChatGPT isn't a trading tool, it's simply just create a random paragraph from an article or someone thought, if you think ChatGPT is credible and you can trust your money with this bot, I have no words to say for you.

There are many people really want to make money quickly without doing anything, but most people are just stupid for believe anything about automatic tool or robot trading that they think it will work without any understanding behind the tool.

It’s like that every opportunity that comes, people will seize for it even if they end up believing that ChatGPT is a way to make money in trading. But the problem is they don’t even know what ChatGPT is all about and I think it’s never gonna work in trading as trading will never be fixed and will always follow an uncertain market. And since ChatGPT has it’s also limits too, though it’s goodly set for business and in other massive learning ideas, but when it comes to trading, i just think this chatbot is never enough to predict a successful trading.

Topic: Has someone tried to use ChatGPT to help in trading? (Read 902 times)