Do people even listen to stock market analyst target price ratings? I feel like their just random numbers and rarely get it right. In fact when iw as playing with various algorithms for investment I had noticed that if you do the opposite of what analysts say on stocks that have certain cahracteristics you actually can make a lot of money
@freemo
I just buy stocks of companies I know and know about the market, otherwise I have absolutely no clue what I'm doing.
@matrix Thats a good strategy to use. I do my own personal stock picks and I use an algorithm I invented. Right now i kinda use them together. I pick stocks I think is good then use my algorithm to tell me if and when im alowed to hold it or not to ensure i only hold it on up turns
@freemo Great. So is it a learning-based algorithm like RL where you model each timestep as an immediate reward and use a model-free algorithm to keep it generic to any market and optimised with specific short-term discount factor for daily profits?
Apologies if the question is too basic since I'm new to algorithmic trading.
@gokulnc Sadly I cant offer up much detail on it. It makes me a lot of money and if i give away how it works I could loose that advantage should it get out to the general public.
Best I can do is tell you i can point it any stock and it tells me when to buy and sell and consistently increases my profits over buy and hold