SEVEN-DAY GLITCH” TRADE…Do you know what Gildner and James Altucher are pitching with the Seven Day Gitch Trade?
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I’m also interested to know !
One other thing I was thinking about is that maybe some algorithms are re-balancing every 7 days. If so, then it may be that when the price drops like this, they will predictably buy more within 7 days.
There is a sample of the trades in this image:
I have no idea what he is looking for. But I imagine if I were to program something like this, I would try to find a situation where a bunch of algorithm’s stop loss’s were triggered at the same time causing a bunch of sell orders from algorithms to be put on the market and rapidly drive down the price.
Perhaps you could identify them because of their order size or something? For example, there are certain sizes of orders you would keep under. Maybe many algorithms at large hedge funds use similar rules for determining how large an order they can place based on volume. Or, maybe you can calculate a trailing stop loss and see that when the price went just under some particular trailing stop loss suddenly it triggered a bunch of stop losses and crashed.
Or it could even be just looking at stocks who crashed vs their fundamentals.
I have this service and it is awful, regardless of the results you see posted. Why? Because the alerts go out about 5-7 minutes after the markets open every Thursday and almost every recommendation has already moved tremendously away from the recommended price. It’s as if they run a scan in the first 5 minutes of the market to see what is spiking at a price where the option *could* have been bought during that timeframe, then send it out. I’ve had the service for 6 months and have only been able to actually place 12 trades even though I get my order in no later than 30 seconds after the alert. I did make my money back on the service, but I have given up on trying to use it.