Key insights
- The article discusses the use of AI tools like Claude, GPT, and Gemini in financial research and trading. The author outlines personal methods for data entry, summarizing financial documents, validating assumptions, and seeking trading signals. While the author aims to leverage AI for an edge over Wall Street, the current application described is more focused on learning and efficiency rather than direct, high-impact market prediction. Therefore, the immediate US market influence is neutral.
I think I’m like a boomer with regards to using AI. So I hope yall smart portion of the regarded community kindly share your wisdom. And i also wanna share my approach so some dumber regards can improve their approach too.
This is what I do so far with AI:
For modeling: I mostly just use Claude on excel to do data entry and formatting when I play around with dcf or 3 stmt model just to learn what drives growth.
For reading: there are tons of good write ups on fintwit and Reddit, so I use gpt to summarize these posts and 10Ks and earnings call transcripts.
For assumptions and consensus: I ask Gemini to vet my growth assumptions and if they match consensus or what management thinks.
For charting and execution - I wanna improve this part with automation and scripting - but so far I just feed the chart to chatgpt and ask it to tell me the best entry.
This is have I’m starting to do: I wrote a script on vs code that helps me download the 10k and financial statements to my pc when I enter the ticker. And I’m thinking about enhancing that to tracking insider purchases and so on.
I think it’s time us retards use AI to one up the Wall Street idiots.