FAQs Frequently Asked Questions
Market Lab Report
Q: I see some platform providers enable organizations to apply AI prompts to their secure, proprietary knowledge database, and I can’t help but wonder if you and Gil have tested this with your own work.
Q: I see some platform providers enable organizations to apply AI prompts to their secure, proprietary knowledge database, and I can’t help but wonder if you and Gil have tested this with your own work. Can AI replicate your performance using your rules, tools, tactics and techniques? Have you tested that? Or can your work already be scraped by AI?
If it was possible, do you think AI together with your trading strategies would benefit or corrupt your work? Maybe the art of it cannot be replicated, so maybe it’s not worth questioning.
A: The creative aspect of knowing which stocks to buy or sell, when to buy or sell, and how to position size or pyramid depend on one's personal risk tolerance profile and trading personality. The phrase "Know thyself" is key when it comes to trading. AI can profile a trader's personality, risk tolerance, and perhaps provide suggestions, but the myriad of stock screens we create are equivalently efficient. What is key when executing trading strategies is that one sticks to one's discipline and knows the rare time to override their rules at critical moments. One must also continue to monitor new data on a real-time basis so one stays on top of any material change that may occur in the markets which may cause them to fine-tune or even replace some of their strategies. AI has not come this far as this is a form of artificial generalized intelligence (AGI) which is still a number of years off. That said, aspects of generative AI can be helpful perhaps in data aggregation and assimilation. But the platforms we use already do this sufficiently well.
If it was possible, do you think AI together with your trading strategies would benefit or corrupt your work? Maybe the art of it cannot be replicated, so maybe it’s not worth questioning.
A: The creative aspect of knowing which stocks to buy or sell, when to buy or sell, and how to position size or pyramid depend on one's personal risk tolerance profile and trading personality. The phrase "Know thyself" is key when it comes to trading. AI can profile a trader's personality, risk tolerance, and perhaps provide suggestions, but the myriad of stock screens we create are equivalently efficient. What is key when executing trading strategies is that one sticks to one's discipline and knows the rare time to override their rules at critical moments. One must also continue to monitor new data on a real-time basis so one stays on top of any material change that may occur in the markets which may cause them to fine-tune or even replace some of their strategies. AI has not come this far as this is a form of artificial generalized intelligence (AGI) which is still a number of years off. That said, aspects of generative AI can be helpful perhaps in data aggregation and assimilation. But the platforms we use already do this sufficiently well.
| First published: | 9 Aug 2023 |
| Last updated: | 9 Aug 2023 |