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by brockwhittaker
2170 days ago
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You’re being downvoted because you’re mentioning a strategy. This is not educational. Furthermore, as someone who does a lot of quantitative research on the market I’m not convinced at all that your strategy will beat the market when adjusting for risk. You also say things that are unintelligible to someone who knows nothing about the market. Buy undervalued stocks? What does that mean? Most people think stocks with lower share prices are cheaper — let alone something that’s not dead wrong like evaluating based off P/E ratio, which is still incredibly wrong. So I’d recommend against giving trading advice to someone asking for how to educate themselves. |
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I was just giving 2 cents on practical learnings, which is indeed not an answer to his posed question. But perhaps useful in the idea behind the question ( starting with trading stocks).
Most important take-away from it: you can lose a lot.
Additionally, I always asses for risk. Eg. I lost 0€ because of Covid, because I had no stocks when the markets dropped.
I didn't mention how to pick stocks though, which is the most important thing. Since there are multiple reasons why you would pick a certain stock.
Eg. Markets re-open worldwide => I bought WTI on 29/04, endresult was 40%.
I'm positioning myselve right now to multiple market scenarios with an expected (gamble) vaccine in December 2020 ( which is pretty early, I know) and where the vaccine test results come in at the end of the summer. I'm also taken into account the pumped up market by the US government and potential geopolitical issues.
These things can't be done by a AI/ML right now. There is literally no precedent for it.
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Just a question, what would your general strategy be? I did check out technical indicators in the past, but I have a hard time believing in it.
In the end, I believe the stock market is about emotions in a numbers "game". It's not that quantitive as most people think.
What's your take on that statement?