In my old blog, Digital Breakfast, I posted a few times about my desire to build an Automated Trading System (ATS) using Excel. I figured I’d build it in Excel since I know that software the best and conveniently enough, Interactive Brokers offers an API for Excel. Today, I located my old real time ETF Trend Signal system, which is based on statistical performance measures to generate trend signals, and decided to begin additional back end development on it.
There’s something to be said about buying winners. Winners continue to win, and in the case of stocks, they keep making new highs. I know that AAPL is a favorite holding of Howard and his hedge fund’s strategy of finding and investing select stocks making new 52 week all time highs is a smart. The trick is to buy the right company making the high.
It’s safe to say that Apple is the right company, its emerged as an innovative powerhouse once again.
I heard this first on Bloomberg Radio and then found the article. It’s about the ever increasing use of data mining and AI in the financial markets.
In his cubicle overlooking the trading floor, Kearns, 44, consults with Lehman Brothers traders as Ph.D.s tap away at secret software. The programs they’re writing are designed to sift through billions of trades and spot subtle patterns in world markets.
Kearns, a computer scientist who has a doctorate from Harvard University, says the code is part of a dream he’s been chasing for more than two decades: to imbue computers with artificial intelligence, or AI.
Sometimes trends have intra-trend reversals (which are great selling or buying opportunities) and then quickly resume their trends. Motorola tried to break free from their down trend, and almost succeeded with the introduction of their wildly popular Razr phone (I have one). With no new innovative product followup, MOT resumed its downward trend.
Update Just over 12 years ago I posted about how [Motorola (MOT) was in a downtrend because it couldn’t come up with a new breakthrough product.
Could the trend party in IYR be over? Maybe.
A lot of information can be gleaned from observing a price chart, mostly technical information. A lot of traders/investors forget that fundamental and sentiment information also drives prices up or down.
Learn Stock Trading, Investing, and Risk Management There are a handful of financial and trading books that have made a HUGE impact on my investments. If you want to trade and learn about money and risk management that I suggest you get the Tharp book.
Good Morning. Yesterday’s currency sell-off triggered several of my buy orders as the EURUSD and GBPUSD pairs dropped through support after support. The end result was that I started to pyramid losses. However, I stuck to my trading plan and planned for a long wild ride. In case any new readers are wondering, I will (re)post my trading plan on this blog later today.
Finally, overnight the pairs started to firm up and now my GBPUSD pair is showing a nice profit as it heads back to the magic $2.
EWM was good to me in the past, too bad I sold it!
Update EWM. What a great ETF for investing into the Asia area. This is one of those emerging market ETF’s that I should’ve held onto for the past 13 years. Once again I’m going to repeat what I wrote about passive investing: diversify, buy low cost mutual funds/ETFs, and dollar cost average.
Look at EWM now, trading around $27.
My FXI neural net model continues to show an UP trend. Nice to know! :)
Update I realize that after 13 some odd years, this one sentence blog post with a FXI chart is very much out of context. This post was a simple confirmation of a model I built for trading/investing in this particular ETF. This was the early days of my learning Data Science and boy was my model wrong from the start.
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