Portfolio Boss

Using ChatGPT to predict stock prices

dan-murphy
Dan April 28, 2023
0 Comments

Corona Del Mar, CA

 

Howdy Friend,

 

Wouldn't it be nice to just type into ChatGPT "what price will Apple stock be tomorrow" and out spits the answer? Yes, that's a fantasy, but I just read a research report with a novel use for ChatGPT's sophisticated language model.

 

(Title: Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models)

 

They used ChatGPT's API to analyze news headlines and rate them as good, bad, or neutral. For example, take a look at this headline: "Rimini Street Fined $630,000 in Case Against Oracle"

ChatGPT rated the headline as "good" saying:

 

"The fine against Rimini Street could potentially boost investor confidence in Oracle’s ability to protect its intellectual property and increase demand for its products and services."

 

Pretty smart answer eh? Now let's skip to the results:

 

Their backtest was only 15 months, but showed that the average stock declined by 0.46% the next day if ChatGPT determined bad news had come out. Good news didn't seem to be very profitable, but that could be a side effect of that 15-month backtest occurring during a bear market. Much of the profits on the short side could also be due to the bear market.

 

Overall, I find the strategy novel and interesting, but it appears to be on par with Twitter sentiment strategies I've seen...which means it severely under-performs strategies that use TAP data.

 

True Asset Price (T.A.P) data shows actual mispricings of ETFs (to the tune of billions per day).

Sentiment is just someone's opinion.

 

I'll take objective truth over subjective opinion any day of the week. Speaking of objective and measurable, something remarkable happened here at Portfolio Boss...my team just told me that they were able to speed up the 3,500 computer cores that make up The Boss SuperAi - by 300%-500%!

 

That means our on demand cloud computing fees are a fraction of what they used to be. I could buy a fleet of Ferraris for what The Boss was costing every month. 

 

But instead, I'm going to pass those savings to YOU! That's right, we're having a good 'ol fashioned salebration on what could be your best money-makin' opportunity ever.

 

Click here and see what all the excitement is about >>


Trade smart,


Dan "Prince of Proof" Murphy

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Disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.

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Portfolio Boss
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EARNINGS DISCLAIMER: I like to provide full transparency and not blow smoke up your behind, so listen up.100% Club members in general are seeing between 91%-100% winning months in back tests just using the Instant Start templates I created for them. These results are out-of-sample (unseen in the optimization phase), so I put a lot of weight into that fact.

I don’t yet have a statistic for the average member as far as gains are concerned. There are a lot of variables because this is not a cookie-cutter program. I do have dozens of brokerage statements on file, and the majority are looking positive.

There were a couple outliers that weren’t good because they went off track. I believe I convinced them of where they went wrong and they are back on track (too much leverage, and some over-fitting to the past). That’s my job :)

There are other factors in play as well such as: Are you actually making the trades? Account size. Is your broker any good or are they fleecing you? Are you using all the leverage available to you, or are you dialing it back like I recommend?

Simply put, I believe the reason we’re seeing the highest preliminary success rate of any program EVER is because:

a) you’re selecting from 100+ supercomputer-built strategies, and the odds of them all failing at once are extremely low.

b) the strategies take advantage of highly unusual edges that very few if any know about.

c) Our Meta ML technology is completely unique in the trading world. Very few understand that all strategies have cycles, and that there are opportune times to trade them. This allows you to treat trading more like a business rather than a hobby.

d) The daily instructions are brain-dead simple to follow, and can be accomplished in just a few minutes.

Government required disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.

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