When I Asked ChatGPT to Pick My Stock
This is purely a work of fiction. After reading this story, don’t do anything crazy like treating ChatGPT as your financial advisor. If you do, you are on your own.
The idea came to me on a Tuesday morning, thirty minutes after the market opened. Mr. Market had just kicked me in the ass, hitting my stop loss and taking six hundred dollars of my hard-earned money. Total loss for the week? Three grand.
My carefully researched stock picks are not helping. What if I turned to ChatGPT for some much-needed stock advice?
I got to work immediately. I fired ChatGPT, and after a couple of failed attempts knocking on its doors, I could finally get ChatGPT to open its doors with an enticing blinking cursor. I entered my question:
After a few seconds, this was the answer ChatGPT came back with:
I looked up Customerry. It was a small company selling cloud-based customer-service software to large corporations. It went public five years ago and had been largely ignored by Wall Street. Never made any news. Never analyzed by the CNBC pundits.
I bought a thousand shares of Customerry when it was trading at $6.20 a few hours later. I followed it for the next three days, but it hardly made any move. It was as if the stock decided to take a nap once I put my money on it. I then completely forgot about it and moved on with my life.
On the seventh day, I woke up pleasantly surprised to find my broker account swelled by four grand. Customerry had jumped to $10.18 in after-hours trading. Reason? Amazon had announced a ten-year contract with Customerry, worth a couple of billion. I sold the news promptly, closing my position in Customerry, and making a nice chunk of profit.
I now had $4000 cash to invest and naturally fired up ChatGPT again. But then, I thought of something weird. Instead of asking ChatGPT to recommend another hot stock, I wanted to ask about something else that bothered me. So, I asked.
ChatGPT went cold. It never answered my question.
OpenAI closed my ChatGPT account the next day without giving any reason. Looked like I killed the goose that was laying the golden egg.
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