I don't believe his backtest. Definitely overfitted. Having over 40 stocks is going to replicate an index return. That's too large a sample, especially if it's equally weighted. It will basically track the index. No way he can produce a sharpe > SPX with 40 tickers.
More Fish ... Bitcoin & The Thirst for Volatility "It's going to be great volatility. And for someone like me, who cares what it is, as long as it moves, right? Thats going to be the best opening range trade to do because all you need is volatility". Will you be a trader of bitcoin? "Me? All my idiots will be. All the idiots, for sure .... because what a trader wants at heart is volatility". https://www.cnbc.com/2017/12/05/mar...lver-run-in-1970s.html?recirc=taboolainternal
Fish should have launched "UBTC" and "DBTC", the first 3x Bitcoin ETFs. Could have probably charged 4% annual fees.
Still awaiting the first trade. Free box of girl scout cookies to the first man or woman who steps up to buy this.
Maybe you should arrange orders with someone else and just trade against each other, Mav. Then split the difference.
What’s going on in the major indices and sectors? Well….. of the eleven Indices I follow, five were positive and six were negative. The SP-500 Value Index (IVE) was not only last week’s best performer, up .53%, but the last two weeks as well. Check out the first attachment to see results. The worst performer was SP-600 Small Cap Growth (IJT) down -1.18%. The worst performing Index year to date is SP-600 Small Cap Value (IJS) only up 9.02%, compared to the Nasdaq 100 which is up 30.45% YTD. Best of the 22 Sectors was Retail (XRT), up 3.24 %. Retail was also the best performer two weeks ago but is only up 6.03% YTD. If it’s just getting some traction it could be a big mover going into next year. Additionally, you can see on the attached that it moved from Neutral to Bull a week and a half ago. Worst in Sectors this past week was Telecom (IYZ) down -4.01% and -16.09% year to date. Telecom is battling Oil & Gas Equipment (OIH) for worst performing year to date. OIH is down -25.76% YTD. Volatility, as measured using a 20 day ATR; along with standard deviation and multi-year look back, has moved up a skosh in a few of the sectors. You can see on the attached that Banks (KBE), Biotech (XBI), Semiconductor (SMH), Software (IGV) and Technology (XLK) have recently moved from a long time “Quiet” to “Normal”. This week, take a minute to look at Figure 4 of the last attachment (SP-500 Market Type and Volatility Statistics) and specifically the Neutral/Normal box. Out of 13,981 days, Neutral/Normal accounted for 1,039 days (or 7.4%) and had an average daily price change of .092%. Okay ….. but remind me where we are today? We’re in the Strong Bull/Quiet box, 1,494 days (10.7%) with an average daily % change of .127% (see 2nd attachment). Bottom line: The market is very strong, and I’m fully invested.