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TradeSmith has launched an AI-powered trading system called TradeSmithGPT aimed at empowering everyday investors. This system reportedly utilizes advanced algorithms and backtesting, achieving potential gains of 776% in as little as 17 days. In 2022, hedge fund Citadel leveraged similar technology to record the largest annual profit of $16 billion.
About 70% of daily trading volume in U.S. stock markets is automated. TradeSmithGPT aims to give individual investors access to insights previously available only to institutional traders. The system has flagged trade opportunities for investments like Spotify and RingCentral, yielding gains of 153% and 102%, respectively, within weeks.
Key Dates: The live demo for TradeSmithGPT is available for a limited time, with new trade opportunities expected on July 1.
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