I think I found working stock trading system

stockpredictor · Feb 27, 2021

trend2009 said:
where is your tweet account link?

I deleted my account because I didn't get famous

jbusse · Mar 1, 2021

Dna7272 said:
Hello guys,

I am a Finance PhD student, and I found a very interesting trading system that can correctly predict stock movement around earnings announcements. I backtested the idea and it works very well. The system picks stocks with about 80% correctness.

I am thinking of not publishing the idea but start investing with the system with a plan to open my hedge fund in the future.

I will be publishing my picks in this forum to get some recognition, which I think will be useful if I decide to open a hedge fund.

I will not edit any of my posts to keep myself accountable. Hence, if you find some grammatical errors in my post please be a little lenient about them.

My first recommendation: Buy today (2.26.2021) TGT (Target Corporation) before close and keep it until Monday (3.1.2021) close. If the stock does not go up on Monday, you need to keep it until the next day after the announcement (3.3.2021) and sell before close that day.

I do not expect that you invest in this stock based on my first recommendation. Moreover, I do not recommend doing it. But I suggest adding my recommendation to your calendar and see what happens. Probably after about a month when I will have about 20-30 posts you can make your judgment.

I will be publishing my new recommendations as soon as my system picks a new one.

TGT up today. Apparently you're out at the close, but not clear what price you entered.

Cabin111 · Mar 2, 2021

I bought at $193. before the close on Monday...Just sold an hour ago at $174. I stuck my life savings into your plan!! It was on margin and I got a margin call an hour ago!! What do I do now??? Can you help me out on this... Where did I go wrong...Wait, maybe Target was in that 20%. Oh, now I see...

DevBru · Mar 2, 2021

stockpredictor said:
Hey you're not going to get any recognition. In the real world no one will use it as evidence. I tried and it didn't work even when I posted this: https://www.elitetrader.com/et/threads/prediction-based-trading.351176/page-38

If you could show advanced stats from your live performance over the past months/years instead of just a screenshot of a few positions you had, you would have a better chance of getting recognition if your performance is that well.

It's very hard to get recognition and investments since the playing field is so competitive, if you want a chance you need to stand out with your performance but you also need to know how to present and sell that performance. Just saying i can do this with a screenshot of some trades isn't enough.

Even if the performance is just mediocre you could get heaps of interest and investment if you know how to sell it and if you have the right network.

murray t turtle · Mar 2, 2021

Saltynuts said:
Will check out how TGT does between now and 3/3, thanks!!!

%%
Retail buyer??
I prefer WMT/Dollar Stores\not retail. A hedge fund sell may help the bears..........................................................................................Peter Lynch doesnt like buys on stuff we dont know/or even like.

stockpredictor · Mar 2, 2021

DevBru said:
If you could show advanced stats from your live performance over the past months/years instead of just a screenshot of a few positions you had, you would have a better chance of getting recognition if your performance is that well.

It's very hard to get recognition and investments since the playing field is so competitive, if you want a chance you need to stand out with your performance but you also need to know how to present and sell that performance. Just saying i can do this with a screenshot of some trades isn't enough.

Even if the performance is just mediocre you could get heaps of interest and investment if you know how to sell it and if you have the right network.

I'm not sure if the broker shows those statistics.

I did it with 50 trades in a row and I also showed the first page of my most recent 44 page monthly statement. There is a huge supply waiting to be invested. Not sure why it's so difficult to make things happen.

Don't have network unfortunately. However, I should be able to show performance for March if a few things aren't stuck as they currently are... we'll see.

Cabin111 · Mar 2, 2021

Cabin111 said:
I bought at $193. before the close on Monday...Just sold an hour ago at $174. I stuck my life savings into your plan!! It was on margin and I got a margin call an hour ago!! What do I do now??? Can you help me out on this... Where did I go wrong...Wait, maybe Target was in that 20%. Oh, now I see...

Just kidding...I did buy some Target today. You can see my earlier post why I like the company. Started thinking...This really might not be too bad. Not giving estimates for the future sure scared people!! Bought 100 shares at $174.44...I then did a covered call for the Jan 22 $220. I got $6.55 ($655.) for it. Good income and an industry leader. Should be a good hold through a recession too...

DevBru · Mar 2, 2021

stockpredictor said:
I'm not sure if the broker shows those statistics.

I did it with 50 trades in a row and I also showed the first page of my most recent 44 page monthly statement. There is a huge supply waiting to be invested. Not sure why it's so difficult to make things happen.

Don't have network unfortunately. However, I should be able to show performance for March if a few things aren't stuck as they currently are... we'll see.

If you don't have the network then the way how you present and sell yourself and the strategy is even more important, convincing strangers is way harder than convincing people you know.

What broker are you using? Even if your broker doesn't has a performance overview with stats, you could always use third party programs/websites.

Saltynuts · Mar 2, 2021

So way down from Friday's numbers.

stockpredictor · Mar 2, 2021

DevBru said:
If you don't have the network then the way how you present and sell yourself and the strategy is even more important, convincing strangers is way harder than convincing people you know.

What broker are you using? Even if your broker doesn't has a performance overview with stats, you could always use third party programs/websites.

Yeah, that's why I was saying before that I don't need to use price action. I know where the intraday reversal will be days in advance, and demonstrated it multiple times without loss.

Tastyworks, using TDA now though.