Data gets pulled from the Alpaca News API in the morning, then it gets sent to all three models. You can see a summary of the prompt used to determine the recommendations here: https://news.ycombinator.com/item?id=42560034 It currently makes up to recommendations, since not all stocks support fractional shares (I'm only doing $5 per trade). As part of the buy recommendation, a holding period is suggested as well. Onc…
How often is the holding period updated for a stock that’s already been purchased?
Currently it is never updated again with new info, this is one of the things at the top of my list to implement
> or just a stocktrader haha Many quant trading firms make 50%-100% annual returns, each year, over the past 15-20 years. The secret is leverage. And they do not accept outside investor money. Many hedge funds outperform the market. However, the returns after fees, to the passive outside investor underperform S&P500. But yes, publicly traded active ETFs generally underperform. But counter example is VGT or QQQ, both…
>> Many quant trading firms make 50%-100% annual returns, each year, over the past 15-20 years 100% annual returns on 1 million dollars for 20 years is 1 trillion dollars. No one is making that type of return.
However, the medallion fund has averaged 66% for 30 years before fees. Analyzed naively, that would be $4T from $1M - but it's not, because in order to keep it working, they have to cap the size. Many strategies only work when you don't affect the market too much. So for the rare continually successful, market beating funds, it's probably better to think of them as generating something like a fixed dollar return per year. So they have a very effective money machine, but it's minting billions, not trillions.
Data gets pulled from the Alpaca News API in the morning, then it gets sent to all three models. You can see a summary of the prompt used to determine the recommendations here: https://news.ycombinator.com/item?id=42560034 It currently makes up to recommendations, since not all stocks support fractional shares (I'm only doing $5 per trade). As part of the buy recommendation, a holding period is suggested as well. Onc…
How does one trade $5 when the stock price is higher? Also what are fees on this kind of trade, and whith whoom
Done with Alpaca API, not trading fees
I only trade stocks that support fractional shares
Going to follow along to see how the results look in the months to come. I've been working on the same concept for the past 2y now and have our performance results here: https://trend.fi/performance
ChatGPT does a good job of imitating the average crypto influencer. They don’t know what they’re saying either, and 99% of crypto investors would be thrilled by the prospect of a “pivotal Phase 3 Bitcoin ETF trial” that will “drive trust value realization”. Sounds great, can’t miss out on that! The hallucinations are simply a mirror of a community that thrives on this nonsense. When nothing is real, you can’t blame t…
This made me chuckle. You made a very interesting point that if LLMs are copying hallucinations those hallucinations are not infact hallucinations.
If you believe (as many HNers do, although certainly not me) that LLMs have intelligence and awareness then you necessarily must also believe that the LLM is lying (call it hallucinating if you want).
ChatGPT does a good job of imitating the average crypto influencer. They don’t know what they’re saying either, and 99% of crypto investors would be thrilled by the prospect of a “pivotal Phase 3 Bitcoin ETF trial” that will “drive trust value realization”. Sounds great, can’t miss out on that! The hallucinations are simply a mirror of a community that thrives on this nonsense. When nothing is real, you can’t blame t…
When I'd watch the financial news on TV, they would always bring on the "technical analyst", show a graph of the stock price, and then hand-draw some lines on it, and then spew out various technical terms for it guaranteed to impress. Me, I always regarded technical analysis as drawing pictures in clouds. If any of those analysts were worth spit, they'd be working for a hedge fund, not the network.
> drawing pictures in clouds.
Well phrased and it's how the stock market works, not only by technical analysts but everyone else playing: make a story in your head, place your bets, majority rules.
Some even believe that's how reality works in general. Sometimes belief or need could be a factor[0].