I think I found working stock trading system

[JSOP]

Okay, so, your system is that if the trade loses money, then you keep it until, what, it hopefully makes money the next day?

And this is the pinnacle of your PhD finance studies?

Hey if it works, that's pretty good. A stockpicking system for earnings with 80% success rate.

 

[themickey]

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.

Post editing has a 30 minute window, after that, cannot edit. (Either 30 or 60, thinking its 30).
How many trades per year would this system pick? Is it any stock making earnings announcements?
Are you trading real money on these picks?
How many years you been trading and how long since you discovered this method?

 

[trendmomentum]

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.

A. k. a Reversal in PEAD. Good luck.

 

[lindq]

Well, no. It is just not very well informed people can move stocks down before the announcement.

I was rude. Good luck to you. We all start somewhere.

 

[Overnight]

Post editing has a 30 minute window, after that, cannot edit. (Either 30 or 60, thinking its 30)...

It is 60 minutes.

 

[trend2009]

if your system only tests buy signal, how can you rule out the influence of general bull trend in the last 10 years?

 

[RaymondGalla]

Sounds interesting, it would be cool if it really works in the future.

 

[JSOP]

Post editing has a 30 minute window, after that, cannot edit. (Either 30 or 60, thinking its 30).
How many trades per year would this system pick? Is it any stock making earnings announcements?
Are you trading real money on these picks?
How many years you been trading and how long since you discovered this method?

No it's a 60-min. window. I know because I use it often.

 

[d08]

Does it go long only? If yes, what sample size did you use to backtest? I smell bull market bias.

 

[R1234]

I was trading something like this in years past based on painstakingly constructed backtests using historical earnings data for the S&P 500 stocks. It worked for a while but then I shelved it around 2017 when it abruptly stopped working. I've seen other earnings systems also stopped working after 2017. Have you done backtests across a large stock universe?