written by reader SEVEN-DAY GLITCH” TRADE…

By hippchip, June 30, 2020

Do you know what Gildner and James Altucher are pitching with the Seven Day Gitch Trade?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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eb0079
2 months ago

I’m also interested to know !

👍 40
miroku000
miroku000
1 month ago
Reply to  eb0079

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.

miroku000
miroku000
1 month ago

There is a sample of the trades in this image:
comment 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.

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