/biz/ - Business & Finance

>>	Anonymous Tue Mar 17 14:28:33 2020 No.17886143 [View] File: 66 KB, 540x636, 1531621619657.jpg [View same] [iqdb] [saucenao] [google] Bought back into SQQQ.

Anonymous Sat Oct 10 11:58:43 2015 No.921095 [DELETED]

[View]
File: 67 KB, 540x636, tumblr_no3c7roeDG1uudk2uo1_540.jpg [View same] [iqdb] [saucenao] [google]

After being immersed in algo trading for 1 year I have come to the conclusion that

>you can't predict how a company is going to do without insider knowledge. Valuation, momentum and growth methods are pretty much akin to astrology. They're plain and simple useless. If it "works" for you, then you just got lucky.

HOWEVER

>if you know how to interpret economic and political signals, you can make a quick profit by betting against the sheep.

I made a profit of 556.78% profit by betting against the biotech fad. Shame though I didn't have enough capital to compound on the gains at the time.

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