Investing club

Discussion in 'Yellow Pages' started by hornmeister, Dec 20, 2017.

  1. reids

    reids First Team

    I haven't! Whilst despicable it also doesn't surprise me one bit (also quick note - the above twitter account sadly isn't perfect - there's usually a few days delay between the purchase and the disclosure which will eat into some of the profits but should still hopefully be a useful tool)
     
  2. cyaninternetdog

    cyaninternetdog Forum Hippie

    Lots of fcukery yesterday at opening timed together with the usual "GME is dipping, heres why" articles on the financial websites. Blatant crime going on.

    Ryan Cohens tweets are getting more bold and more or less calling people out now. They wont take him to court over it as they know what the discovery process will do to them. This saga isnt done by a long way yet.
     
  3. cyaninternetdog

    cyaninternetdog Forum Hippie

  4. reids

    reids First Team

    Been trialling some interesting strategies recently - the post I made about the US Lawmakers on the previous page was interesting, but as they often file weeks or months after buying the shares I found any edge was long gone. However I found this website http://openinsider.com/ that shows when someone high up in a company buys shares in their own company. It shows when they bought the shares and when they filed. I realised that if you look for purchases that were made on the same day (or the day before) and filed after the markets had closed, when the markets open there should be a bounce in price. Because all this info is out in the open, it meant it was possible to do a back-test. So I went back over the past year, there were 300 or so trades that matched the criteria:

    >Filed after markets closed
    >Trade date was within 1 day of the filing date

    I then compared the open price of the next day and the close price of the next day - buying 1 share in every single trade that matched that criteria ended in a slight profit (0.81%) overall which outperformed the global all cap index fund (-3.81%) in the same timeframe. However, I feel that there'll be some fluctuations during the day and it'll be possible to sell for more profit during the day rather than just religiously waiting until the markets close. So i've been trialling it, over the past 3 weeks i've placed 13 trades, have sold for profit during the day in 12 of those trades (and sold at a loss for the last one at the end of the day). So far I'm up 1.53% on that, it's not gonna make me rich by any imagination but will hopefully be a nice system to complement my other money making schemes!
     
    hornmeister likes this.
  5. lowerrous

    lowerrous First Team

    You mean each individual trade makes on average a 0.81% return in one day? Assuming you buy after the market closes, then sell after it reopens on the next day?
     
  6. reids

    reids First Team

    Nah, overall the strategy made 0.81%, not amazing and pretty unexciting but also not bad in a bear market. I buy at market open (2.30pm here) then sell at market close (9.30pm here) if I haven't already taken a profit during the day. I think I can comfortably outperform the 0.81% by monitoring the price during the day and taking profit where I can rather than waiting until end of the day.
     
  7. lowerrous

    lowerrous First Team

    So over what time frame? Per annum?
     
  8. reids

    reids First Team

    I only back-tested it over a year (so up until late june 2021), if I get time this week I'll go back and test it further, 2020 would be an interesting year to test it to see how it dealt with the covid crash and the subsequent bull market that then followed later that year.
     
  9. hornmeister

    hornmeister Tired

    Renewable energy shooting up again.
     
  10. cyaninternetdog

    cyaninternetdog Forum Hippie

  11. cyaninternetdog

    cyaninternetdog Forum Hippie

    You do not own your shares and the stock market is run on an I.O.U. basis. Needs to move to blockchain ASAP, NFTs would prove ownership and hundreds of stocks would not be oversold with phantom shares all over the place. Price movements would be based on real things like the fundamentals of a company rather than short sellers in dark pools running algos to make huge profits off the back of nothing.

    Same as crypto, if it isnt in your own wallet then you probably dont actually own it.
     

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