iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

New Weekly Quant Picks After 12pm

Good day

I sold the vast majority of my weekly holdings, selected by the Stocklabs quant, higher by more than 7% for the month. The biggest winner was, by far, GOTU — which made me nearly 90%. If I lived out ten thousand lifetimes, I would never have chosen to own GOTU, let alone hold it for a weeek, on my own.

I own just a SQQQ position, which was a hedge and now it’s a blatant disregard for the bulls tendencies to buy dips. I’ll probably close it out too shortly.

Bottom line: my market prowess is still very much intact. In fact, by forcing myself into an all long book via my quant, I am relived from having to pick stocks and instead keep focused on hedges and tactical trades. Hard to exactly say why, but I feeeeeeel much better trading this way.

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