How to turn $100,000 into $6 Billion+ on inspectd.com
I think inspectd is good technical analysis practice. Obviously there are a lot more factors that come into play with real trading - but the tool does allow you to practice predicting charts.
Here is how I turned $100,000 into billions this morning (nearly 100,000% return) on inspectd:
1) I hit the skip button A LOT.
2) I only went long (bought) - and never shorted (sold).
3) I simply waited for a chart with an uptrend before buying
Trade with the trend - that’s it. Pretty simple.
Here’s the video:
Note: I am sure that there are ways to game this site (e.g. looking at the source and trying to get the stock info), but I didn’t cheat it. It would take too long to do by hand and it would also take too long to try to write a program to do it.
March 22nd, 2008 at 10:52 pm
That is pretty awesome. You are a stock-trading samurai.
March 22nd, 2008 at 11:41 pm
Nicely done. I like how you skip all the noisy charts, pause briefly to analyse the trending ones, quick decision and then repeat again and again.
March 23rd, 2008 at 10:30 am
workpost: thanks man
eyal: yeah it is pretty simple - just look for the trends before hitting ‘buy’ - I think anyone can do it. But what it proves, in my opinion, is 1) that the efficient market hypothesis is BS, and 2) TA works.
March 23rd, 2008 at 11:00 am
I don’t know what timeframe they sourced the charts from, but I was assuming a short-side strategy would work best since the market has been down over the past year.
March 23rd, 2008 at 1:13 pm
Just like my real life trades!
Many of the up-trends that I bought reversed, causing a loss. Many of the down-trends that I skipped ended up bouncing for double-digit gains.
March 24th, 2008 at 6:17 am
Well I followed your lead, only trending longs, no shorts and I just end up breaking even or losing. I get the feeling trading is more art than science. At the very least my definition of an uptrend must be screwed. In any case my hat’s off to you. Well done. Oh but to have such skills…
March 28th, 2008 at 6:27 pm
I got curious and tried it. The results after two hours…
Account: $13,920,353.56
Profit: $13,400,260.40 (since registering)
Trades: 465
Winners: 269 (57.8% of trades)
Average Profit: 1.81%
Standard Deviation: 14.82%
Worst trade: -65.73%
Best trade: 115.23%
Days In Market: 9,433
Not sure how to read the “standard deviation” number, the rest is self-explaining. I guess I’ll try the advanced version or a depot with virtual money and current stock prices just for kicks.
April 5th, 2008 at 9:10 pm
Very cool. I’m playing over there right now, and can’t quite get the knack of it. Were you looking at volume also or mostly looking long upterm trends? did you ignore the low price stocks?
April 6th, 2008 at 4:52 pm
Shane, I was looking at volume also and I did not ignore low priced stocks.