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I just used ChatGPT to create an algo to trade Robinhood's Q4 earnings
Before everyone shoots me down, I’ve been an algo trader for the past 10 years and can code my own strategies, but this week I thought it would be a good exercise to give ChatGPT a shot at creating an algo strategy for trading around Robinhood’s earnings based on my inputs. Here’s the basic game plan: 1. **Pre-Earnings**: Assessing market sentiment and weighing mixed analyst expectations. 2. **Post-Earnings Action**: Ready to react to the price action. 3. **Risk Management**: Tight stops in place to protect against market reversals. 4. **Momentum Watch**: Keeping an eye on volume spikes and momentum—if it shows up, we’re riding that wave Looking forward to seeing what happens when AI takes a swing at the markets. I will share the results for transparency in subsequent posts in the group so stay tuned for updates – it’s either going to be brilliant or a valuable lesson which all can observe. Anyone else here trading HOOD this week?2
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