Using ChatGPT to Trade Stocks

[{"selector":"#anim-98053c44-0090-4ad1-a554-c66228101716 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Chat GPT is a language model, not a stock analysis system, and relies on pre-2021 data.

[{"selector":"#anim-94fc2f0a-900a-4d8d-a015-78e587b7ada8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Research studies comparing Chat GPT's performance with stock trading show mixed results.

[{"selector":"#anim-0e5af39e-2b88-4fc0-a7d4-0548d39b514d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The 500% return claim lacks consideration for transaction costs, taxes, and other factors.

[{"selector":"#anim-3cc4f3ac-a41d-436a-94e7-ece4e47364de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Chat GPT's ability to predict stock trends is based on sentiment analysis of news headlines.

[{"selector":"#anim-cbdb6f7c-f39c-4d65-abea-acfe54a810a7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.493374330715138%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Many TikTok and YouTube videos showcasing Chat GPT trading are potentially scams or misrepresentations.

[{"selector":"#anim-c5bbba96-254e-4015-9f07-669a09914255 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Investing solely based on Chat GPT's recommendations can be risky, as it lacks the sophistication of dedicated stock analysis tools.

[{"selector":"#anim-916472c4-f83b-4fa9-9f61-ae4337624817 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] while Chat GPT is an impressive AI tool, it's not a guaranteed way to succeed in stock trading, and caution is necessary when considering its recommendations.

[{"selector":"#anim-4835456e-c258-4f9e-8f37-7ca850fe4f3e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Transaction costs, taxes, and liquidity issues are often overlooked when evaluating ChatGPT's trading performance.

[{"selector":"#anim-812815f5-b6c4-4604-87cd-f0ca791a3e18 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.15492948131752%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Use Mission Control by pressing the F3 key or swiping up with three or four fingers on your trackpad. Then, drag the desired app's window to the top of the screen to create a new desktop.

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[{"selector":"#anim-efce6662-1522-4083-8f17-573979c116c6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SWIPE UP