Are you actually using AI yet?

[IsaanT]

I now use the paid version of ChatGPT.  It isn't faster but the crucial difference for me is that you can upload documents, data, screenprints, etc. and it can interpret and analyse them.

Apart from all the other things that others benefit from, I have been using it intensely over the past few days to help me develop a successful stockmarket trading method.

Firstly, I should point out that I didn't benefit from asking it how to make money on the markets (I tried that, somewhat retrospectively, yesterday to satisfy my curiosity and its suggestions were not good performers).

My approach was to develop the shell of an approach myself, describe it to ChatGPT and then upload historic market data for it to back-test according to my instructions.  It would then produce a performance summary and a fully-documented spreadsheet that I can download.  The original shell of an idea still remains but it has been refined continuously based on test runs.  I should also point out that it is not fiendishly complex - quite the opposite: I could explain it in five minutes and a ten-year old could recognise the buy and sell signals on a chart visually.

Again, it couldn't come up with my answer by itself but it has been a tireless assistant to crunch the numbers, write the Python code for APIs, provide insight into the times and effectiveness of different trading sessions for specific markets around the world, make helpful and challenging suggestions, etc.

I know some of you might be wondering about its accuracy, and whether I could rely on the results.  That would be a good question.  I have used the spreadsheet results to manually verify that theoretical trade successes - and fails - would, indeed, have occurred.  It took a while but the latest model is pretty bullet-proof.

The bottom line?  If you started with 1,000 units of currency (pounds, dollars, baht, etc.) and traded Gold, USDJPY and GBPUSD for the last six months, you'd have 12,000 units of your chosen currency now.  I compound the returns - the results start getting exponential after a while...  Although the method is not fully complete yet (I'm a pragmatic perfectionist), I saw a strong signal on Gold a couple of days ago so did a small trade and it's paid for my ChatGPT subscription for the next few years.

Other uses?

a) I used it a while back to write a specific usufruct agreement - in Thai and English - for my land (I'm aware of a friend who paid a Thai lawyer around 60,000 Baht for essentially the same thing)

b) It provides insightful information when I ask it about cultural differences between the UK and Thailand, particularly for certain situations that occur (I know Google can do similar but ChatGPT just does it at another level)
b) It produced a tailored exercise programme for me to meet specific aims a couple of weeks ago, and I'm already feeling and seeing the improvements

There is so much more but there's no need to reproduce what's already been said by other enlightened users.

The key to success is to ask detailed questions.  Invest the time to craft the question and you will reap the reward in the answer.  It benefits from knowing context, constraints (budget, time, resources, etc.), aims and/or objectives, personal preferences, etc. (just like if you asked a carefully-formed question to a human - it isn't rocket-fuel science...).

As an example, if I said 'Suggest a simple meal I can cook for dinner tonight' you can probably now guess the response.  However, if I said 'Suggest three simple meals I can cook tonight so I can choose one to use.  It needs to feed two people and I am limited to 30 minutes for preparation and cooking.  I have eggs, milk and butter in the fridge, various meats in the freezer and could pick up other ingredients locally in preparation.', you'll get a much better response.  And if you baulk at the time taken to prepare the question thoroughly, don't worry - AI just isn't for you. 😉
 

[IsaanT]

1 hour ago, Harrisfan said:

Pai and Tao make the top 10 food cities. AI is a joke.

Read my next post (above)...

C'mon, you can do better if you try.