Bill James, CFA, CMT, FRM

Creating reality easily. Exploring life. Always Learning! Author of Get Luck Now! On Amazon here:

[Bill James, CFA, CMT, FRM @BillJams]

@boardyai I talked to Boardy back in the day and now there is Boardy Pro-cool use of AI!

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 George, I took a stab at this using Gemini / Nano Banana. Not sure of the veracity or accuracy!

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 @jackschwager @Qullamaggie @TheOneLanceB Looking forward to this, George. I know you put in a lot of great effort and research and time. Congrats in advance! 😎

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 Great point, George!

[Bill James, CFA, CMT, FRM @BillJams]

@Braczyy Great information @Braczyy thanks for sharing your knowledge!

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 This is going to be epic, George! Looking forward to it! 😎

[Bill James, CFA, CMT, FRM @BillJams]

@jackschwager @gfc4 @Qullamaggie @TheOneLanceB @TheShortBear Looking forward to this book! Jack’s legendary pedigree along with George Coyle’s breadth of trading knowledge will be an awesome combination to tell these trader’s stories! 🙏🏼👍🏼😁

[Bill James, CFA, CMT, FRM @BillJams]

@PeakTrading Awesome graphic! :)

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 Great insights, George. Will be interesting to see how these technologies evolve.

[George Coyle @gfc4]

Motivated by @BillJams who loaded his Luck book to Google's NotebookLM and created an AI audio overview that sounds like a two person podcast review, I decided to load my Trader Principles book (link in bio) to see what NotebookLM spit out.

Mostly, the result was impressive. And it took a few minutes to create. However...

NotebookLM completely hallucinated the part about overtrading.

Per my book:

"Overtrading does not have a precise definition, but the legend’s quotes should help to clarify the meaning. In general, the message is that you should not risk too much on any one trade."

Per the NotebookLM audio clip:

"Overtrading...it's all about your emotions getting the best of you. Chasing every little opportunity. Trading out of boredom, revenge. Like an itch you can't scratch, you know you shouldn't but you can't help yourself. And that's when you get into trouble. You start trading without a plan, reacting to every little thing. You're just gambling at that point."

NotebookLM's audio clip completely missed the point which, given it was apparently only trained on my work, is a bit odd.

My prediction:

Some people will make a fortune from AI in markets but it won't come from the straightforward approach. It will come from finding instances where AI is blatantly wrong about something. The people who know the truth will then take positions based on the truth (vs AI's hallucination) after the masses have caused a move based on lazily following the hallucination. When the lazy hallucination followers realize what happened, they will create a squeeze which will benefit the truth driven traders.

Don't put too much faith in AI just yet, lest we make the plot of Idiocracy a reality!

[Bill James, CFA, CMT, FRM @BillJams]

@gfc4 George this mutual fund has been around a long time and calls itself a canslim fund: CANGX though not sure how much it adheres to exact rules of O’Neil. Always seems the precise rules are a bit fuzzy.

[Bill James, CFA, CMT, FRM @BillJams]

Podcast discussion of Get Luck Now! Check out this discussion about my book made using Google's NotebookLM system. It is a Google Drive link, 11:30 minutes long. Amazing!

https://t.co/yXSDBqIkXK

[Bill James, CFA, CMT, FRM @BillJams]

Signed up for rewards program got $15 free slot machine play. Rarely play slots. Mistakenly bet all on one spin. Won $542.50! Thank you Fontainebleau Hotel!

#FontainebleauLasVegas

[Bill James, CFA, CMT, FRM @BillJams]

In Las Vegas!

[Bill James, CFA, CMT, FRM @BillJams]

I'm in Las Vegas Thursday - Saturday. Maybe I will have a spontaneous author event? If anyone wants to meet up, maybe get some good luck going? Let me know!

https://t.co/7e9NJuS4zS

[Bill James, CFA, CMT, FRM @BillJams]

My book, Get Luck Now! is available. If you want a free copy (until it is published on Amazon by the end of this month) go to https://t.co/sxr2UPELRh & sign up! You will learn about ambient fortune, universal invitations, wait kits, fortune reframes and lots more! 😀

[Bill James, CFA, CMT, FRM @BillJams]

Just over a month until the e-book is released! Sign up for 3 tips on bringing luck into your life right now, and get the full book on August 31, 2024. 😀 https://t.co/sxr2UPELRh

[Bill James, CFA, CMT, FRM @BillJams]

Hi everyone! For the last several years I've spent a lot of time researching good luck, and how to bring good luck into their lives. I'm finishing up an e-book, and I'd like to send to you for free. Go to my website and sign up! https://t.co/sxr2UPELRh

[Bill James, CFA, CMT, FRM @BillJams]

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[Shushant Lakhyani @shushant_l]

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