I've spent 10 years analyzing markets. ChatGPT might be better than me, and that terrifies me.
I’ve been trading for a decade, five of those years full-time. My approach has always been based on experience.. Price action, key levels, and reading market sentiment. It’s worked well. But now I’m seriously questioning how much of an edge I have.
Last night, on a whim, I asked ChatGPT to generate trade setups for various assets.. entry points, stop losses, and targets for the next session. The results are genuinely unsettling. Around 2 out of 3 trades were highly accurate, all with a risk reward ratio above 1.5. If you exclude entries that weren’t triggered, the stop loss rate was under 33%.
At first, I figured it might just be referencing past data. So I asked it to generate fresh levels at midnight for EURUSD, EURAUD, S&P500, BTCUSD, and USDCHF. The results:
USDCHF: Entry hit, target reached.
EURAUD: Entry hit, target reached.
S&P500: Entry hit, target reached. (This one was really precise.)
BTCUSD: Entry never triggered.
EURUSD: Entry hit, currently losing.
I’m not saying AI is perfect, but I’ve spent 10 years looking at graph's, and I don’t think I could ever be this consistent. If a free AI tool can already do this, what does that mean for financial analysts, hedge fund managers, and even long-term investors?
Are we looking at a future where AI outperforms human market analysis entirely? And if so… where does that leave us?