Trading With Grok: Day 1 Update
The first update in our Grok powered trading series.
Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto.
In this previous article, we looked at trading using inputs from X’s Grok AI. It’s a pretty non-technical project that's simply a bit of fun more than anything else.
Today, we’ll be looking at the results at the end of Day 1. How did it go? Surprisingly, far better than anticipated. As in, we actually got some green candles. Let’s go check it out.
The Prediction
The original prediction made by the Grok AI thought that Solana would go long.
This was an interesting proposition because, at the time, the market was looking a little flat although it was holding a slight upward swing. Asking for clarification on the matter returned little more than word soup.
Still, an experiment is an experiment, and so we shifted to Zeta Markets where an order was lodged for 1.5 SOL going long.
The Market
The early sentiment wasn’t great. Within a few minutes of placing the order a distinct downward swing was noticed. This would place the order immediately into the red although, for the most part, the swing was pretty minor.
This is crypto though and while anything is possible, volatility is a near certainty. So, it didn’t take long for the candles to change and some movement to start shifting toward the green.
With the Solana Radar hackathon currently still in play, general market sentiment was reasonably strong. This translated to a gradual uptick in price, although these would fail to reach the highs of the previous week.
The Closeout
By the time the closeout point had come around, the price had maintained a slow but steady uptick meaning that the end of the first day would bring us a few dollars up.
This wasn’t a bad result, all things considered. Was it a fluke? Beginners luck? We’ll just have to wait until the next call comes in.
When the trade was closed, there was a nice little Z score bonus from Zeta. The Z score helps determine your leaderboard position which in turn will determine the allocation of ZEX tokens that you’ll receive after each epoch of trading.
While the leaderboard competition is pretty intense at the top, there’s still plenty of wriggle room in the middle and back end of the board. This means that even a modest Z score is enough to push you into a position where you can obtain a small allocation as a reward for your trading.
There are still plenty of rewards on Zeta that are allocated to go to those traders that are active during each epoch, meaning you’ve got plenty of reasons to get your perp on. The ZEX token is also well-placed for strong upward movement as the platform continues to roll out new features.
Join here if you want to start trading.
The Next Order
With Day 1 over it’s time to figure out our position for Day Two. So, it’s off to Grok for our next market prediction. And the result is…..Long.
The price at the time of the prediction was $145.05 meaning that it was squarely in the middle of variations we’ve seen previously in the past few months. While this would usually mean it could go either way, the prediction to go long again was justified by market sentiment on social media and market data.
At this point, it’s fair to say that getting a chatbot to make market decisions for you literally pushes the human (read, emotional) side of the trade out of the equation entirely. Is this a good thing? Time will tell.
Another long order for 1.5 sol was then placed, which we’ll come back and look at in 24 hours. Can Grok call the market again? Or was it purely beginner's luck? Let’s see what tomorrow brings.
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