Best Pennystocks: A Stock Trading Robot?
Interested in the First Commercially Available Stock Trading Robot? Are you looking for the best pennystocks? Who isn't right? What I am about to share with you, is a very unusual story. I have been involved in many forms of investments including trading stocks for a long period of time. I thought I had heard of everything until what I am about to talk about. This is something my graduate studies did not talk about nor did any of the other traders I spent time around. I am always looking for the best pennystocks. As any good trader does, I am always looking for an edge.
Looking for the best pennystocks, I am sure you can relate. Well, let me get on with the story and let you decide for yourself. The story starts with two "computer nerds", named Michael and Carl. They developed the first commercially available stock picking "robot". Michael (the computer programmer) named the robot "Marl".
Marl came about after Michael developed the famous "Global Alpha" computer stock trading model, while contracted to Goldman Sachs. A piece of software which most years is responsible for. $4,000,000,000 + Annual Trading Profit. After the software project finished, Michael searched for a different means to earn money. Unfortunately he had completed a Non Compete and NDA agreement with Goldman Sachs, which disallowed him to originate software which trades derivatives and similar financial instruments (like Global Alpha). After three weeks of being briefly unemployed, Michael who was financially comfortable . chose to start a new project. Michael developed software to trade in the very volatile penny stock market where stocks can increase 400% in a matter of hours. Michael worked with fund manager Carl Williamson to create the bot. "Marl" works by analysing each stock using "technical analysis".
In other words, analysing a stocks previous price movements to predict the stocks future direction. The different changes in price (when made into a chart) form what stock traders call "chart patterns" and it is precisely these price patterns Marl is searching for. When initially activated, Marl will utilize its own database to conduct a scan of stocks trading on the OTC and Pink sheet exchanges. At that time, Marl is searching for companies whom are forming bullish trading patterns (stocks about to increase). Carl assisted Michael program the bot to search for (in split second timing) unique trading patterns from a wide range of 6578, stored in Marl's internal database. If Marl recognizes a clean, uncongested chart pattern, that has shown to yield a good risk/reward - Then the stock will become part of Marl's "Watch List". The group of these "watched stocks" will be forming bullish patterns (indicating the stock is about to rise). This watch list has a couple of distinct advantages. First and most noticeable is that Marl can very easily scan hundreds of the best pennystocks at the same time. Secondly, Marl is programmed on an "evolutionary framework".
In other words, while Marl is observing hundreds of stock patterns it actually discerns the most likely direction of stock prices under hundreds of situations. Bottomline: The longer Marl is allowed to run on a computer. The More Advanced he Becomes! The average professional stock trader can analyze a stock chart about every eight seconds. when searching for an opportunity. On the other hand Marl can analyze 7 charts every second. Why Does This Matter? It means that Marl can be extremely selective, going until all the correct criteria line up until a trade recommendation is made. Often Marl will disregard profitable trades. In favour of a potentially more profitable trade occurring at the same time. After creating Marl to version 1. The two input a trading capital of $1000 and set it running. Marl spent 13 hours analysing over 6,000 small capitalisation firms. After those 13 hours Marl made his first ever stock recommendation. LPTC.OB Trading at $0.74 Per Share. Within three hours the stock brought a 42% increase! From there stories go on and on. You can read about all of this in more detail at the website given at the bottom of the page but before we bring this to an end let me describe some bottom line facts: Since its introduction in early 2007, Marl has been responsible for creating 86 millionaires and 13 multi-millionaires. Since the newsletter was started 4 months ago.
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