@jackschwager@gfc4@Qullamaggie@TheOneLanceB@TheShortBear Looking forward to this book! Jackβs legendary pedigree along with George Coyleβs breadth of trading knowledge will be an awesome combination to tell these traderβs stories! ππΌππΌπ
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 legendβs 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!
@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 OβNeil. Always seems the precise rules are a bit fuzzy.
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
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
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
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! π
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. π https://t.co/sxr2UPELRh
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
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