A Demonstration of how ChatGPT can reproduce a document just by looking at an image of it

[RoosterRedux]

I thought some of you might find this useful:

I might be naive about what AI technology can do, but the following amazed me. I use AI every day to do research (yes, I confirm what it says by multiple sources) and in writing VBA code to analyze stock and options prices, volume, technical indicators, etc. I am increasingly shocked by how much time it saves me and how much it has helped me in accomplishing heretofore difficult to impossible tasks.

I found an image online of a checklist that might be useful in my work (before starting any stock market trading for the day). As an experiment, I submitted the image to ChatGPT 4o (to which I subscribe) and asked if it could reproduce the document in the image for my use. My question and ChatGPT's response are below the question and image.

Me:

Can you transcribe the text (not the handwriting or check marks) on the document in this image so that I can copy and print it in MS Word for my own use?

ChatGPT 4o:

Certainly! Here is the transcribed text from the document:

The Stock Insider Morning Mental Checklist

PERSONAL PREPARATION (Tick 'Yes' or 'No'):

1. Did I get enough quality sleep? Am I feeling rested and alert?

2. Am I feeling well? Am I not ill?

3. Am I mentally calm and focused? Am I free from stress?

4. Am I confident in my trading strategies and risk management plans?

5. Do I feel composed and not overwhelmed by the market?

6. Am I analyzing the market logically and without bias?

7. Am I managing my trading size appropriately given today's market conditions?

MARKET OVERVIEW

1. Do I know top market headlines and potential impacts?

2. Have I reviewed economic reports or events scheduled for today?

3. Am I aware of key technical indicators today and their expected impact?

4. Are there news supporting the current market trend?

TREND ANALYSIS

1. What was the trend during the overnight session?

2. What is the overall trend?

3. Are short-term trends aligning with long-term trends?

4. Does my personal bias align with these trends?

5. Are current trends conducive to my risk management strategy?

STRATEGY OVERVIEW

1. Review all relevant charts and technical indicators.

2. Ensure all stop-loss and take-profit levels are set correctly.

3. Confirm execution plan and trading strategies for the day.

4. Identify key support and resistance levels for the assets I'm trading.

After all of the above, do I feel that I should trade today? Yes [ ] No [ ]

PREPARE FOR TRADING

When the market opens:

• Reduce open positions by 50% and limit new trades to high-confidence ones.

• If daily profit targets are met, risk only a small portion of the gains.

• Acknowledge that afternoon trading may be less volatile and adjust strategies accordingly.

[RoosterRedux]

I use it to write code (VBA in Excel) to reorganize/manipulate and analyze data I download from my trading platform.

Like any code, you will test and debug it...so when you're done, it's perfect.

As an aside, I had a beatch of a time downloading minute-by-minute prices from my trading platform (ThinkorSwim) and used AI to help me navigate that process.

As you probably know, AI's responses are only as good as your questions are clear and concise. I'm getting much better with my questions now that I'm getting some experience.

[Bob434]

Thanks for the explanation. I wonder what it would give for answer to “what are the best stocks to invest in” or “what stocks are making congress people rich” . There is an app that tracks what congrescritters invest in. Some teenager started investing in the same stocks Nancy and her husband were investing in and apparently has done very well.

[Bob434]

Just asked it which stocks are most profitable currently- here’s their stick answer:

“A question that’s always on everyone’s mind! While it’s impossible to predict the future with certainty, I can give you an overview of some of the most profitable stocks in various sectors, based on historical performance and current market trends. Please keep in mind that past performance is not a guarantee of future results, and it’s essential to do your own research and consider your individual financial goals and risk tolerance before investing.

Here are some of the most profitable stocks across various sectors:

1. Technology:
* Amazon (AMZN): A leader in e-commerce, cloud computing, and artificial intelligence.
* Microsoft (MSFT): A dominant player in software, gaming, and cloud services.
* Alphabet (GOOGL): The parent company of Google, with a strong presence in search, advertising, and emerging technologies.
2. Healthcare:
* Johnson & Johnson (JNJ): A diversified healthcare company with a strong presence in pharmaceuticals, medical devices, and consumer products.
* UnitedHealth Group (UNH): A leading healthcare services company with a strong presence in insurance, healthcare IT, and medical research.
* CVS Health (CVS): A pharmacy benefits manager with a growing presence in retail pharmacy and healthcare services.
3. Finance:
* Visa (V): A leading payment technology company with a global presence in digital payments.
* Mastercard (MA): Another leading payment technology company with a strong presence in digital payments.
* JPMorgan Chase (JPM): A leading bank with a strong presence in consumer and commercial banking, investment banking, and asset management.
4. E-commerce:
* Shopify (SHOP): A leading e-commerce platform provider with a strong presence in online retail and digital commerce.
* Etsy (ETSY): An e-commerce platform for handmade and unique items.
* Chewy.com (CHWY): An online pet supply retailer with a strong growth trajectory.
5. Consumer Goods:
* Procter & Gamble (PG): A consumer goods company with a portfolio of well-known brands like Tide, Pampers, and Gillette.
* Coca-Cola (KO): A beverage company with a global presence in soft drinks, juice, and water.
* PepsiCo (PEP): Another beverage company with a global presence in soft drinks, snacks, and beverages.
6. Industrials:
* 3M (MMM): A diversified industrial company with a strong presence in healthcare, electronics, and construction markets.
* Boeing (BA): An aerospace and defense company with a strong presence in commercial aircraft manufacturing and defense contracting.
* Union Pacific Railroad (UNP): A leading railroad company with a strong presence in freight transportation.

Please remember to:

1. Diversify your portfolio: Spread your investments across different sectors to minimize risk.
2. Research thoroughly: Investigate each stock’s financials, management team, industry trends, and competitive landscape before investing.
3. Set clear goals: Define your investment goals and risk tolerance to make informed decisions.
4. Monitor and adjust: Regularly review your portfolio and rebalance as needed to stay aligned with your goals.

Remember, investing always involves risk. It’s essential to educate yourself on the stock market and consult with a financial advisor if you’re new to investing.

Sources:

* Yahoo Finance
* Morningstar
* Seeking Alpha
* The Motley Fool
* Investopedia

Please consult financial advisors or investment professionals before making any investment decisions.”

[hecticskeptic]

Here’s my attempt at the same article using AI.....
~~~~~~~~~~~~~~~
While nothing should be surprising these days, that still seems unbelievable. There are so many things this brings to mind...
- You said the “CRY MORE: NBC Whines Biden.... “ article was generated by AI. For you, what was the first clue that made you suspicious?
- Is there a filter one can put articles through to find out if they are AI generated? I assume there is no such filter but if there, how would one know they can trust that filter?
- I think for many of us, what we are watching with AI shows that like any tool, it can be very frightening... or it can be very useful. For me, I’m looking around our company and wondering “how can we be using AI in a way that puts out a much better product while reducing costs?”
- The last thought that comes to mind is what Jesus said in Matthew 24 when the disciples went to talk to him when he was on the Mount of Olives…..

Matthew 24: And Jesus went out, and departed from the temple: and his disciples came to him for to shew him the buildings of the temple.
2 And Jesus said unto them, See ye not all these things? verily I say unto you, There shall not be left here one stone upon another, that shall not be thrown down.
3 And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?
4 And Jesus answered and said unto them, Take heed that no man deceive you…..

The sign of the end of the age can all be summed up in one word….’deception’. If we are don’t think we are living in the ‘age of deception’, I don’t know what would convince anyone.

[RoosterRedux]

"Most profitable" is too broad a question. More important than profitability is market performance. Start there and figure why the market likes some companies so much.

Look at Nvidia for example. It looks grossly overpriced compared to some but it keeps on going up. There's a reason.

I suggest you go to NASDAQ.com (NVDA) and take a look at all the historical data available. The same data is available for all or most NASDAQ-listed companies.

You have to get deeply into the weeds. Anyone can do it, but most people want to take the easy way out.

Also, there's much more to a company than is visible in its financials. A company's market value is the present value of future expectations. Financials are historical...and the past is not necessarily indicative of the future.

[RoosterRedux]

I invest in AI. I used to maintain a broad portfolio but then decided to dig into the NASDAQ 100 to determine which segments were the best and most durable market performers.

AI came out on top by a mile. Not all AI companies BTW...just a few. Must be very picky.

That was several years ago.

I completely changed my portfolio and my return skyrocketed.

[Bob434]

Thanks for the advice- I’ll see if I can refine a search question more- we got stung by CA (Computer Associates) back in the day-

Here is a b,urban about the fraud in the company

“How Serious Was the Fraud at Computer Associates?”

https://knowledge.wharton.upenn.edu/article/how-serious-was-the-fraud-at-computer-associates/

That was my first and only venture into th3 stock market. BAd timing, and bad luck all around- my friends call me jonah.

[RoosterRedux]

You might take a look at ETFs. That’s a great way to invest. I’ve owned QQQ for years and have been very pleased with its performance.

[Bob434]

thanks I’ll check those out- gonna start smaller this time- and not all in one place-

[RoosterRedux]

and not all in one place

That's a great idea. Take a look at the ETF "QQQ." It tracks the NASDAQ 100.

[Bob434]

Thanks, looking at it now- seems like the AI i questioned got some of it’s info from QQQ or maybe similar- as same companies are listed on QQQ site

[minnesota_bound]

Ask what stocks to buy that will go way up.

[RoosterRedux]

The more general the question, the poorer the response.

If you make a spreadsheet of companies' stock prices for the last six months (from NASDAQ.com for example), and shared an image of that in your question and asked it, "which of these stocks has had the greatest percentage increase in stock price and please provide the % increase by company," it would probably be able to provide a useful answer.

[RoosterRedux]

The more general the question, the poorer the response.

If you make a spreadsheet of companies' stock prices for the last six months (from NASDAQ.com for example), and shared an image of that in your question and asked it, "which of these stocks has had the greatest percentage increase in stock price and please provide the % increase by company," it would probably be able to provide a useful answer.

When I use ChatGPT to provide me a VBA code for manipulating stock price/volume/stat data in Excel, I often take a screenshot of the result of that code from Excel and highlight the potential problem areas in red and ask ChatGPT, "Take a look at the numbers in red...they seem to be incorrect." When I do that, GPT can recognize the problems (if any) and rewrite the code to fix the problem it sees.

This is just my experience so far of course, but you have to look at an AI platform like a very young and inexperienced but incredibly smart assistant. If you ask it vague questions, it doesn't have enough experience to know what you want. Given that AI can't think per se, you have to do the thinking when preparing your question. If you give AI a very carefully thought-out question, you get a very precise answer.

Bottom line, AI will make a person much smarter because it is a tool that greatly expands that persons abilities. But it cannot know what you want unless you ask the right question.