Very interesting idea. I'm thinking about creating an AI portfolio manager (private) that invests for the long term.
Some things to watch out for:
- LLMs, by default, don't follow the best practices for trading or investing. Without careful constraints, they can ignore fundamental investment best practices. This is something I learned while building https://decodeinvesting.com/chat.
- I see Claude bought a penny stock SMX. This could be volatile, and the price could change significantly in 24 hours before the next execution at 9:30 am.
- The LLMs are day trading on some volatile securities; while LLMs could be good at day trading, unlike humans (we will find out), this setup has the disadvantage of only trading once a day.
Some things to watch out for:
- LLMs, by default, don't follow the best practices for trading or investing. Without careful constraints, they can ignore fundamental investment best practices. This is something I learned while building https://decodeinvesting.com/chat.
- I see Claude bought a penny stock SMX. This could be volatile, and the price could change significantly in 24 hours before the next execution at 9:30 am.
- The LLMs are day trading on some volatile securities; while LLMs could be good at day trading, unlike humans (we will find out), this setup has the disadvantage of only trading once a day.