this post was submitted on 06 Feb 2024

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Tesla is the worst-performing stock in the S&P 500 this year (qz.com)

submitted 2 years ago* (last edited 2 years ago) by psychothumbs@lemmy.world to c/news@lemmy.world

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[+] helenslunch@feddit.nl 7 points 2 years ago* (last edited 2 years ago) (2 children)

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[–] jj4211@lemmy.world 3 points 2 years ago

Also, stock prediction can change the thing being predicted. Once a critucal mass of people believe in a certain prediction strategy, then their own actions screw up the prediction. It's not like predicting some natural or external thing.

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[–] 520@kbin.social 2 points 2 years ago (1 child)

Oh yeah, this thing will never be able to predict events like GME or that kind of thing.

The thing is though, I don't have to beat the first couple or even the first 50 trades. I just have to beat the babdwagoning masses by detecting upticks and downward trends, something my software can do and act upon faster than any human.

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[–] SatansMaggotyCumFart@lemmy.world 5 points 2 years ago (1 child)

Teach it how to short sticks and it can lose you infinite money.

It’ll be like wallstreetbets AI.

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[–] 520@kbin.social 2 points 2 years ago (1 child)

Haha maybe you're right. But it hasn't done me dirty yet, in fact it works pretty solid.

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[–] SatansMaggotyCumFart@lemmy.world 1 point 2 years ago (1 child)

Teach it to short automatically and get back to me.

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[–] 520@kbin.social 2 points 2 years ago (1 child)

Oh it can signal shorts already. I'd just need to plug it into a specific trading platform to execute it automatically (right now it just notifies me on its advice; I'm in the manual testing phase)

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[–] SatansMaggotyCumFart@lemmy.world 3 points 2 years ago

Pull off the safeguards and let ‘er rip.

YOLO.

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