At Wizard Trading AI, LLC, we believe in the power of AI to connect historical chart data with human experience to formulate trade ideas. Our vision is to be a leading provider of online AI trade idea content via X, delivering thoroughly researched and backtested trade ideas generated by our proprietary AI system. We are NOT going to tel
At Wizard Trading AI, LLC, we believe in the power of AI to connect historical chart data with human experience to formulate trade ideas. Our vision is to be a leading provider of online AI trade idea content via X, delivering thoroughly researched and backtested trade ideas generated by our proprietary AI system. We are NOT going to tell you that we know where the market is going day to day. If anyone tells you that, they are a lying. We are traders with over 80 years of combined experience. We trade, based on historical data and chart patterns that flow through our proprietary AI system "Meinert."
We upload new trade ideas every day on @wizardtradingai if the conditions are right. We only post trade ideas that our system predicts will be successful more than 62.423% of the time. We also use an experienced group of human traders to analyze the news and market environment to review the trade before posting. We do not guarantee any
We upload new trade ideas every day on @wizardtradingai if the conditions are right. We only post trade ideas that our system predicts will be successful more than 62.423% of the time. We also use an experienced group of human traders to analyze the news and market environment to review the trade before posting. We do not guarantee any results nor are giving financial advice as no one knows what will happen with the market. #Losers average losers #Tightriskmanagement #tightstops #letwinnersrun #scale #takeadvantageofbullmarket #trade in any environment..#thefutureofinvesting
At Wizard Trading AI, LLC, we're more than just an AI TRADING MODEL- we're a team of successful traders that is growing. Want to join us? Please send your experience and past results over the previous 5 year period. If we follow you on X and are involved in #fintwit, then we will pay for you to be a guest on our future livestream. Join us
At Wizard Trading AI, LLC, we're more than just an AI TRADING MODEL- we're a team of successful traders that is growing. Want to join us? Please send your experience and past results over the previous 5 year period. If we follow you on X and are involved in #fintwit, then we will pay for you to be a guest on our future livestream. Join us on X to connect with other traders, share your own videos, and stay up-to-date on the latest news and events. Coming Soon.
We do not like it when our system is compared to gambling. Since we have had that criticism, let's compare our system to poker and sports betting. In poker, you can place a small bet to see your first two cards. WTAI's system lets the market show us its hand and then trades on historical data, chart structure, and current market sentiment. We can fold our hand at any time by using stop losses. Now, let's compare to sports wagering. In sports wagering, you bet $10 to win $10. If the opposing team is up 40-0 in the first quarter, you have to sit and watch the rest of the game on the losing side of the bet. Wouldn't it be nice to be able to "stop" your bet at -5-10% after the opposing team scored 2 touchdowns? WTAI's system, in comparison, lets one risk whatever amount they are comfortable, and if the trade is not working, it stops the loss at -5-10%. Another difference to sports betting is that if, for example, you wager $10, then the gains are not capped at winning $10. The gains can be infinite. (See APPF trade from 1-26-24- up 1054%.) So, that $10 wager could produce a final value of $105.4 and the loss can be capped at $1? Too good to be true? Follow us.
We have a diversified strategy depending on market environment. If we feel that the market is hot, we use a breakout strategy. If the market is consolidating, we use a buy and hold income strategy. One criticism that we can see re: this system is tax consequences. The whole "tax worry" instilled by brokers and the government has a legitimate purpose. The tax structure dissuades an investor from obtaining short term gains. Our theory on this issue is that one should 1) use WTAI in an acct that you can afford to withstand drawdowns and hope to experience outsized gains and 2) dont worry about taxes in this portfolio. This portfolio is designed to increase your account balance. Worry about taxes later.
This portfolio system is driven by AI, but backed by traders with over 80 years experience. And no, we won't tell you who we are...;)
2) Individual Meinert AI Trading Weekly Watch List- currently everything that is currently in our long term positions plus NOW(could be Qualcomm in 90's but hoping we aren't there yet), APP(consolidated for a while and looks ready to run-good chart set up- waiting on volume), TSN(Poultry price article-(waste from plant based soy protein used in alternative energy article may reduce poultry feed costs), TNA/IWM(waiting for small cap rally- eventually-watch for head-fakes with rates), SOFI- earning pivot play), RAMP(ad partership with AMZN). Stop losses set!!!! https://wizardtradingai.com/long-term-winners
We are currently working a research project called "Bull Runs from 1960 Forward" to attempt to predict the next correction. Meinert AI is trying to figure out, through historical chart analysis and AI overlay, when the next correction will be. Hopefully it won't be before we get this project out :)but Meinert AI thinks the market looks a little toppy and might consolidate until earnings either 1) prove companies are benefiting from either AI Spend or 2)show whether other emerging trends are taking shape revenue/sales show that we have new "winners" in this market. Watch for big drops in companies that disappoint market on Anything... Market looking for a reason to sell but will reward winners on AI spend/big revenue/sales beats and higher guidance in time. Always does....Just thoughts.
Will history repeat itself? Let's see...
Many analysts have compared our current market to the 1970's. Let's pretend we are in late 1969. According to Grok," in late 1969 to early 1970, The S&P 500 and Dow Jones Industrial Average (DJIA) experienced a decline. The S&P 500 dropped from 97.97 to 86.84, and the DJIA fell from 814.39 to 763.83. The environment was as follows:
After the drop in early to mid 1970, a "Bull Run" ensued. In the period from October 1, 1970 to March 30, 1971, the stock market experienced some significant events and trends. During this time, the Dow Jones Industrial Average (DJIA) saw a substantial increase.
The DJIA, a widely-used indicator of stock market performance, rose from 734.0 points on October 1, 1970, to 905.1 points on March 30, 1971. This represents a growth of about 23.3% in just six months.
One of the key drivers of this growth was the expansionary monetary policy implemented by the Federal Reserve. The Fed lowered interest rates and increased the money supply, which encouraged borrowing and investment.
Additionally, the economy was recovering from a mild recession in 1970, which contributed to the stock market's growth. The Gross Domestic Product (GDP) increased by 0.8% in the fourth quarter of 1970 and continued to grow in 1971.
The stock market's performance during this period was also influenced by political events. In 1971, President Richard Nixon imposed wage and price controls to combat inflation, which had a mixed impact on the stock market.
Overall, the stock market saw strong growth in the period from October 1, 1970 to March 30, 1971, driven by a combination of monetary policy, economic recovery, and political events.
From March 30, 1971 to May 1, 1971, the growing economic issues of the time, such as inflation and the weakening of the U.S. dollar against other currencies. The decision to end the gold standard, in particular, had a profound impact on the global economy and the stock market.
During this period, the Dow Jones Industrial Average (DJIA) experienced a decline. On March 30, 1971, the DJIA closed at 883.77 points. By May 1, 1971, it had dropped to 864.61 points, representing a decrease of about 2.17%.
On March 1, 1971, the DJIA closed at 890.62 points, and by April 1, 1971, it had dropped to 875.62 points, representing a decrease of about 1.7%.
Another factor that contributed to the decline in the stock market was the increase in inflation. In March 1971, the Consumer Price Index (CPI) rose by 0.3%, which was higher than expected. This increase in inflation led to concerns about the future of the economy and the potential for higher interest rates, which in turn led to a decrease in stock prices.
According to Grok, "The stock market performance from January 30, 1971, to February 12, 1971, saw a significant increase in the Dow Jones Industrial Average (DJIA). During this period, the DJIA rose from 848.30 to 941.10, representing a growth of 11.1%. This period marked a strong bull run for the market, as investors were optimistic about the economic recovery following the 1970 recession.
During this time, several key events and factors contributed to the market's performance. One of the main drivers was the continued expansionary monetary policy by the Federal Reserve, which aimed to stimulate economic growth and reduce unemployment. Additionally, the signing of the Rail Passenger Service Act by President Richard Nixon on October 30, 1970, which led to the creation of Amtrak, was seen as a positive development for the transportation industry.
The market's performance during this period was also supported by strong corporate earnings and a general sense of optimism among investors. However, it is important to note that past performance is not indicative of future results, and the stock market is subject to various risks and uncertainties."
Wizard Trading AI Team-
Several key differences and similarities emerge. First, we aren't technically recovering from a recession. GDP grew by 3.3% in the fourth quarter. Second, the dollar really hasn't weakened. Don't you believe that a weakening dollar will help stocks in the current environment? We do. Similarities are that we do have major political events on the horizon and we are currently in a "conflict" in the Middle East. Inflation is a major concern.
Also, according to Grok and verified by the team, "the stock market performance from October 2023 to January 30, 2024, has been quite positive, with the S&P 500 showing an overall upward trend during this period. The market has been supported by factors such as strong corporate earnings, a stable economic environment, and a relatively low-interest rate environment.
However, there have been some fluctuations along the way. In late October 2023, the market experienced a brief dip due to concerns over rising inflation and the potential for interest rate hikes. However, these concerns were short-lived, as the Federal Reserve maintained its accommodative monetary policy stance and inflation remained within the target range.
The market also experienced some volatility in early January 2024, as investors reacted to news of a new COVID-19 variant that was spreading rapidly in some parts of the world. However, the market quickly recovered as it became clear that the variant was not as deadly as previous strains and that existing vaccines were still effective in preventing severe illness."
Overall, the stock market has performed well during the period from October to the end of January, with the S&P 500 showing a gain of around 8% from October 2023 to January 30, 2024. This performance has been driven by strong earnings growth, particularly in the technology and healthcare sectors, as well as a supportive economic environment."
Wizard Trading AI Team- If we are in 1971, we see nothing catastrophic on the horizon. Maybe a mild drop. If we are in 1971, for the next 12 days, we will see an 11% growth in the S&P. Are we there? We don't know. Let's see. Truth in research. More to come. We have looked at other Bull periods and feel we are safe until April 1, 2024,- read the entire article for free with no subscription required, please follow.past performance does not guarantee future results and all of that crap... Be sure to follow us @wizardtradingai
We post Wizard Trading AI, LLC's AI stock and options trade ideas on "X" for free@wizardtradingai. Our team has worked tirelessly for over two years to perfect and backtest this Artificial Intelligence based trading system. This system incorporates the philosophies of legendary super-performer stock and option's traders and classifies that data, along with current market conditions and history, to attempt to beat the market through historical perspective. We don't want your money, just your ears.