Portfolio Boss

Nvidia Insiders Selling! Wait, does that even matter?

Dan September 7, 2023
0 Comments

Corona Del Mar, CA

 

Howdy Friend,

 

Oh man, the CEO of Nvidia is selling shares. $42 million worth. (Although his net worth is $43 billion, so pretty much a drop in the bucket...how come no one noticed that?). Does that finally mark the top? Wait, does insider buying/selling predict anything?

 

You should never assume something works -- an idea must be tested. Just because insider info is published everywhere, and even available as a trading service doesn't mean it actually works. Heck, traders draw trend lines and chart patterns on stocks every day of the week, even though that is 100% without a doubt a pseudoscience because it is not repeatable. (that, and I accidentally disproved it using a supercomputer network...18 months of my life -- and two other employees -- that we'll never get back).

 

Lucky for us, there are plenty of studies on insider transactions. They all point to one conclusion: They're not very predictive. You're better off using price-based strategies. Are you surprised anymore that Wall Street is full of quackery? Jump on over to Google Scholar search and see for yourself.

 

So what is a trading strategy with 633 round-trip trades saying?

 

NVDA is still on a buy:

This strategy is part of the Josh 100 collection, and uses BlackRock mispricing data for signals.

 

It doesn't care about the Fed, the fundamentals of NVDA, the spike in bankruptcies, decline in commercial bank lending, the price of cardboard, Baltic Dry shipping, arctic oil drilling rights, rumors about fake NVDA customers, China, pivot numbers, global melting, zero day options, ISM manufacturing...and the whole cornucopia of data that's unproven to have any predictive ability whatsoever.

 

Want access to this strategy and 99 others?

 

Click here to grab your 30-day trial now >>

 

P.S. As you might imagine, spots are filling up fast. We only have the capacity for 75 trials at this time due to a limit on compute time from our cloud provider.

 

When those spots are gone, they're gone.

 

P.P.S. Here's another brokerage statement that just came in from August:

Trade smart,

Dan "Prince of Proof" Murphy

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EARNINGS DISCLAIMER: I like to provide full transparency and not blow smoke up your behind, so listen up.100% Club members in general are seeing between 91%-100% winning months in back tests just using the Instant Start templates I created for them. These results are out-of-sample (unseen in the optimization phase), so I put a lot of weight into that fact.

I don’t yet have a statistic for the average member as far as gains are concerned. There are a lot of variables because this is not a cookie-cutter program. I do have dozens of brokerage statements on file, and the majority are looking positive.

There were a couple outliers that weren’t good because they went off track. I believe I convinced them of where they went wrong and they are back on track (too much leverage, and some over-fitting to the past). That’s my job :)

There are other factors in play as well such as: Are you actually making the trades? Account size. Is your broker any good or are they fleecing you? Are you using all the leverage available to you, or are you dialing it back like I recommend?

Simply put, I believe the reason we’re seeing the highest preliminary success rate of any program EVER is because:

a) you’re selecting from 100+ supercomputer-built strategies, and the odds of them all failing at once are extremely low.

b) the strategies take advantage of highly unusual edges that very few if any know about.

c) Our Meta ML technology is completely unique in the trading world. Very few understand that all strategies have cycles, and that there are opportune times to trade them. This allows you to treat trading more like a business rather than a hobby.

d) The daily instructions are brain-dead simple to follow, and can be accomplished in just a few minutes.

Government required 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.

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