Loading ...GDX weekly — stripped down
The simplified version. LOL.
Two ways to read this. White bands stay out (or short). Blue – wake up. Green – leveraged longs.
OR
Second pane … buy the blue ovals. Tighten stops on the orange ovals. Hedge or get out on red ovals.
No judgment calls here, all done via algo’s that I program with rules.
Always a work in progress too.
This is great. Would like to see you keep this updated for us. Is this proprietary or would you be open to share your work?
I have a brilliant colleague who is a quantitative geneticist (they are used to crunching huge data sets to see patterns) that is an expert in machine learning. I’ve always told him that he could easily start a quant fund, he is that talented. He is just getting into trading stocks but is seeking to come up with his own “system” (whether that constitutes AI, algorithms or machine learning is outside of my ken). I converse with him a few times a week and its going to be interesting to see what he comes up with.
I try to post my thoughts at key junctures.
So my commentary attempts to interpret what I’m seeing here.
The market can be deceptive, especially at key reversal zones.
It is proprietary yes. With lots of proprietary elements not found on most charting platforms. The real chart has 12 panes, all in use underpinning the rules in force here.
Re the quant fund idea, I decided 15 years ago to NOT become a day trader.
Half of all options volume today is zero day expiry!! And now we have ChatGPT. I can’t outgun AI traders.
I want to play the Livermore trades. Buy and hold and sleep.
PS … appreciate the interest, but even with this, I’m reacting at turns and not really knowing they are directly around the corner. Good trades still involve reacting quickly and tight money management (stops inside 10%). Tough with leveraged ETFs.
I’ve often though that if the AI system had a large enough data set to learn from, it could predict the future.
To me AI poses an existential threat to “the purpose of human life.” If AI and robots can do any job better than any human, what’s the point of a human bothering to learn anything (other than to train the AI, and even that job has a limited shelf life)? The value of human labor goes to zero.
Very Nice pedrodeleon