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> Before you go daytrade on his recommendations you should know that the numbers we are seeing here are heavily influenced by outliers. If you miss out on the t
by spicyusername 5y ago
> Before you go daytrade on his recommendations you should know that the numbers we are seeing here are heavily influenced by outliers. If you miss out on the top 1% of recommendations (~110 stocks out of the 11,000+ buy recommendations he had made), your 1-day return would be -0.062% instead of +0.034.
Pretty big caveat there...
- sjfidsfkds 5y agoIt’s true of many good investment strategies that if you retroactively ignore the best winners (without also ignoring the worst losers) that your measure of performance drops dramatically.