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How to Find Stocks Which Will Double...
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Last updated: 10/2008
How to Find Stocks Which Will Double...
"WARNING: Do Not Read This Unless You Are Already Rich!"
... Or Curious About The First Commercially Available Stock Trading "Robot" Which Earns $346.77 Per Week (Managing $1000 Capital).
Article by: Tom Hunter
What I am about to share with you, is a very unusual story.
Unusual?- because it is about 2 "geeks", named Michael and Carl. Who developed the first commercially available stock picking "robot". Michael (the programmer) named the robot "Marl".
Above: Carl and Michael Programming "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
With this software project completed, Michael looked for a new way to line his pockets. Unfortunately he had signed a Non Compete and NDA agreement with Goldman Sachs, forbidding him to create software which trades derivatives and similar financial instruments (like Global Alpha).
After 3 weeks of being temporarily unemployed, Michael who was very wealthy and very bored?- Decided to start a new project.
You' see Goldman Sachs and most other large investment funds are at a major disadvantage. They often manage portfolios of up to $10,000,000,000 (ten billion dollars) ¨C and because of this when they invest in stocks their scope is limited to just a few of the worlds largest firms (Coca-Cola, Google).
This problem is widespread amongst fund managers whom manage large amounts of capital. In fact Warren Buffet (Whom manages $53 billion) has the exact same problem.
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Michael knew he could take advantage of this. By developing software which can run on any home computer, and manage funds between $100 and $500,000.
With managing such a small comparative amount, Michael's software could yield much higher returns. In fact it is designed to trade in the volatile penny stock market where stocks can increase 400% in a matter of minutes.
Michael worked with fund manager Carl Jenkins to create the bot. "Marl" works by analysing each stock using "technical analysis". Which means analysing a stocks past price movements to predict the stocks future direction.
Below is an example stock chart. For all it looks like something NASA would be proud of?- it is merely showing the stocks changes in price against time.
The various changes in price (when made into a chart) form what traders call "chart patterns" and it ...
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