ChatGPT
I'm curious, how many of you are incorporating AI tools like ChatGPT in your trading strategies? Whether you're applying it for fundamental analysis, technical analysis, or a combination of both, I'd love to hear the types of prompts you're using. Has AI given you any kind of competitive edge in the markets? Feel free to share your experience!
LLM's don't make money trading, if they did you wouldn't have access to them. If ChatGPT gave any edge, then it wouldn't be available to everyone for $20/month. They would use it themselves and make billions, rather than losing billions.
LLM's aren't AI. It cannot come up with any new ideas. At best you can ask it (or rather a local LLM with an Agent that can go online) something like "I want to trade using RSI, the pair is EURUSD, what would be my best course of action" and it can recommend something. But you cannot just ask "what's a profitable EURUSD trade" any expect any sort of reasonable answer.