▶ Full Post Text
I've been chatting with chatGPT lately and he repeats some patterns when I ask about his opinions about stocks and ETFs. I only use it for gathering news and make decision myself, but I like to know his take on it too.
So these repeated patterns piqued my interest whether other people in the community go by some "laws" that maybe I'm not aware of. Soo..yeah, pls teach me masters
Some rules GPT repeats over and over are (without me asking for them)
\- ETF is not good if it's too concentrated (10 companies make up for over %40-50 of the whole ETF) <-- wanted to buy CIBR, but 10 companies makes of 60% of the ETF, so this speaks to me because I buy ETF for diversification, and high concentration defeats this purpose
\- If the price is only within 20-30% from 52w highest point, don't invest the whole sum right away - instead buy in 3-4 segments (suggest % below 52h HIGH), and mentions some re-test zones "wait for price X - it's a retest zone, hold if it goes down, buy if it gains positive upward momentum for a few days" <-- and some time period too not wait forever that if X doesn't happen within X weeks, buy
\- future key events, whether I should hold, buy or sell based on the events in this year, or what outcome will mean what for the stock price (speculations ofc)
In general my GPT is very stingy, almost never gives me "yeah dude this is strong buy go for it", always listing more risks than advantages, never "good to buy", always "I mean yeah kind of, if things go right" xD which I guess is good, I take it only as an opinion not facts