A Reddit user went viral recently by claiming he was able to double his money in only 10 days following trading advice from AI tools, namely ChatGPT and Elon Musk’s Grok.
He wrote in his post titled “Watching ChatGPT Make Me Money While I Chill and Crack a Cold One!” how he started with only $400 in his Robinhood account with the purpose of determining whether AI could actually make smarter trades than he could.
“Day 1, boom! I doubled my money faster than Kris Jenner signs a new reality deal,” he joked.
After four days, he was so impressed that he split his portfolio into two – ChatGPT got one and Grok got another.
He then gave both as detailed information as he could: stock charts, financial reports, options data and even macroeconomic trends. He asked them for trade ideas to grow his money from “beer- and BBQ budget to Kardashian-level cash.”
After 10 trading days, he executed 18 trades and closed out 17 of those. He stated in his post that both AI systems had 100% success. ChatGPT provided him with 13 winning trades, while Grok provided 5 winning trades…and neither of them lost any trades.
He now can’t wait to run the experiment. “I’m really hyped to see how far this YOLO AI adventure goes over the next six months,” he wrote before popping another beer in the air and drinking it.
The Reddit post has since got a lot of attention – not only from some impressed users, but also some users that are sceptical. Some users viewed the success as motivation. One user wrote, “I was actually thinking about doing this while I was job hunting. This gave me a kick to try it out.”
Another user added: “ChatGPT has already helped my golf game, so why not help me win some trades too?”
But others were hesitant to jump on board the hype train quickly. Many of these hesitant users pointed out that it is not too difficult to make money in a strong market. “Everyone’s a genius in a bull market,” one user wrote.
Another user wrote, “This is fun, but it is basically gambling, don’t kid yourself.”
Many cautioned that taking short-term success at face value has its perils. “Yes, AI can help, but the first test will be when the market turns. And don’t confuse ‘lucky’ with ‘skill’,” offered one commenter.
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Whether it’s beginner’s luck, shrewd use of AI, or pure coincidence in a strong market, this story demonstrates just how quickly AI is shaping the new way of looking at investing. But none of the best tools can guarantee perpetual success.