June Gloom for the Markets?
Corona Del Mar, CA
Howdy Friend!
Good morning from Southern California where we've entered the "June Gloom" phase on the coast.
Lots of fog in the morning.
It typically lasts a month or so until the ocean heats up.
Many traders and investors take the old "sell in May and go away" mantra to heart...so they expect a June Gloom in the stock market.
That's where a short-term study showed negative returns from May through October.
They're shocked when I reveal my study -- which went back further than anyone...back to 1800 -- and I showed that ALL months are positive on average.
They made the mistake of excluding all data prior to 1950. They didn't use enough data to make the study statistically significant. You'd have missed out on some big gains following that dumb Wall Street axiom.
// Quick aside: I'm willing to bet a lot of people didn't have access to data prior to 1950. They get a pass. On the flip side, it's fraud when you see rising wildfire burn acreage since 1983. They completely exclude data from 1916-1982 to further their agenda as you can see here //
As a reminder to folks that are new to scientific trading strategies...
They don't factor in any news or other of the million things people talk about regarding their trading system (or more likely a lack of a trading system).
Everyone's opinion is like a unique spice.
A little oregano here, some pepper there, a dash of garlic.
But if you add those spices to a batch a chocolate chip cookies, you'll be throwing them in the garbage after the first bite right?
In other words, don't mix and match trade signals with ANYTHING if you want to be a good systematic trader (unless of course you THOROUGHLY tested that addition and it measurably helped).
OK, I'm going back to work on the new Cyber Code plugin for The Boss SuperAi strategy builder.
My A-Team (that's what I call the engineering team) is actually ahead of schedule so I can turn the A.I loose on building day trading strategies.
More from me soon!
|
|
Wondering how to get started?
Step 1: Get a free copy of my book: Artificial Intelligence, Real Profits here >>
Step 2: See a demo of The Boss "SuperAi" Strategy Builder.
During the presentation, you'll learn: How to Generate Consistent Retirement Income Using "SuperAi-Designed" Trading Strategies. Click here >>
Download Portfolio Boss Software >>
Step 3: Online training to vastly improve your trading with Ai.
Watch the podcast >> | Read the blog >>
Step 4: Additional Resources
The Relaxed Investor (Downloaded by over 200,000 readers)
Disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.
Responses