Відео

Thanks! Are you specifically interested in more stock options trading or what kind of videos would you like to see?

Composer uses many LIVE metrics and indicators to rebalance my portfolio on a daily basis. These include rsi (Relative Strength Index), moving-average-price, exponential-moving-average-price, cumulative-return, current-price, and more. Backtesting is only a means to come up with algorithms that have a higher likelihood of doing well in the future (as in, greater than 50%).

@@trading-smarter-with-ai Again, that is gambling, not trading! What is the market doing TODAY??? That is what traders understand. Buy, hey, it's your money.

Yes, I agree that backtesting does not predict the future and using historical data can lead to issues of an algorithm being overfit. That's why it is important to backtest as far back as possible to lessen this risk. On Composer I often backtest to 2008 or earlier. Also, a good point about today's news. That's why my channel also includes videos about how to wire up AI to news feeds to use news sentiment in trading decisions.

Hmmm... what do you mean? You want to vary your weekly contribution and increase it if there are bargains in the market?

I don't want to give advice and say that you should do one thing or another. But I can share how I got started. I got started by creating a Robinhood account. Then I learned what swing trading is and how that's different from day trading. And I learned how to use limit orders to purchase stocks at the price that I wanted. How to set a stop loss to make sure I lost at most 4% on any trade. How to use limit orders to set a take profit % and cash out. I wrote down my strategy so that I keep emotion out of it. I learned what support and resistance means. I just searched UA-cam videos and tried to learn as much as possible. I started out with a small amount of money like $100. I just tested things out and learned as I went. Hope that helps.

I'm not sure what you mean. Could you please be more specific on your question?

Holy VGT is a good one to study. It has what is called a "frontrunner" which looks at various signals and goes to safety in BIL or PSQ when needed. You can find the latest version here: app.composer.trade/symphony/EUR6fv3w7jTqTgQxC4ZL/details At least $200 per symphony is recommended for some of the more complex stuff... not all tickers allow fractional shares. Although with Holy VGT $50 is fine.

So you do recommend this AI software it seems somewhat usable and creates the symphonies for you? Is there an email I can send to ask you more questions about this product ?

@@Fbarbarotto The Composer AI is not good enough to create symphonies for me (in my experience). So I mostly rely on finding good quality symphonies in the Discover tab or on the discord. I don't give out my email but my LinkedIn is on my channel profile, and in the description of this video, so feel free to connect with me there and send me a message. I also have other videos the dive into specifics on how to find a good symphony. See ua-cam.com/video/FWP43zjmOHE/v-deo.html

Yes, you can roll over an investment to another algorithm. But you can only do that once per day, at the end of the trading day, in the last 15 minutes. Also, on a related note, you can liquidate at any time during the trading period. Meaning you can sell everything at any time. But you can only buy into the next algorithm at the end of the trading day. Also here is another video I made on some tips and information on how to select a good algorithm: ua-cam.com/video/FWP43zjmOHE/v-deo.htmlsi=xBy83qbsR5sBJ4lT

Oh so the platform acts like most trading platforms outthere that's great news for some one like mr who is on the fence looking at making better gains than the usual 8% with traditional Roths etc

​@@trading-smarter-with-ai also I have to look at fees to see what they charge per transaction.

@trading-smarter-with-ai one last question, say I deposit 5k amd use 1k to test the waters, will the money left in the account earn any interest like in a money mkt checking account? I appreciate your time and I'll check the faqs later at night!

@@Radiateprosperity The platform rebalances my portfolio on a daily basis. The idea being that if an automated algorithm does that, and does it intelligently based on signals like RSI and moving averages, then I can do better than the "usual 8%". BUT, this is not financial advice. And everyone has different levels of risk tolerance as well as different financial goals for the 1, 3, 5, 10 year, etc, horizons.

Glad it was helpful!

Yes, so the video shows Claude producing some json code. However, Robinhood cannot accept that as input. So, the code that Claude is producing is only for reference purposes. All I did was then use the Robinhood UI (or app) and then enter the stock screener settings that AI suggested to me.

With Composer, generally speaking it is an automated rebalancer, so all of my money is "in play" at any given time. Although sometimes it could be in "safety" like BIL. BUT, I do have the ability to manually pull it out into cash that is just sitting in Composer or manually put the money back into play-- I can do this manual operation in three ways: A) sell a part or liquidate all of any symphonies at the end of the trading day, during the "trading period". The trading period meaning the last 15 minutes of the trading day. B) Liquidate symphonies mid-day at any point that the market is open. Liquidations take effect within 5-10 minutes. C) Buy into symphonies at the end of the trading day, again during the trading period.

I suspect that there are a several reasons we don't hear about this platform more... One is that there are a lot of bad algorithms. So if someone chooses the wrong one(s), they they will have an initial bad taste about this platform. That's why I made this video: ua-cam.com/video/FWP43zjmOHE/v-deo.html Two, while the owners/operators of Composer have great intentions, it does not seem they have marketed the platform super well. Their marketing and specifically their social media presence is sparse. Three, some people see the 900% annualized return that some of these overfit algos have in their backtesting and so it sets an unrealistic expectation. A more realistic target for the Composer platform would be 50% AR. And if we can get 50% AR, remember that there are 252 trading days in a year. So, I'm only going to average about 0.20% per trading day in order to get to my 50% AR. And I'm going to have some green days and red days. But if it averages out to at least 0.20% per trading day then I'll hit my 50%. So, people can become disillusioned at what seems like small daily gains and not see the bigger picture of what it is adding up to. This is why I created a spreadsheet trading journal to track my daily gains/losses so that I can have an eye towards my trending AR.

@@trading-smarter-with-ai Thank you!

What do you mean by "custom exposures"? Can you link to the symphonies you are talking about? If the annualized return seems too good to be true, it probably is. In general, the video focuses on some key areas to look at: 1) max drawdown, 2) annualized return 3) backtest as far back as possible 4) look for smooth lines (a lower standard deviation number, which is a metric in the backtest results).

Also, here's a specific example of something I would invest in. Notice the smooth line. Good AR, but not crazy too-good-to-be-true AR. Low drawdown. Low standard deviation. This is not financial advice, but see this as an example: app.composer.trade/symphony/b6r27MXTelY8XRnoyxMD/details

Thanks! Are you considering giving Composer a try?

I’ve been doing research on it and so far it looks legit. Will give it a small play.

@@Brick1930 Sounds good. Doing your own research on it is definitely a great step. Here's a more recent video where I cover some things I've learned in terms of which algorithms to drop a small amount to test with: ua-cam.com/video/FWP43zjmOHE/v-deo.html

You are a stock market trading expert. You have the ability to create a custom stock screener. Create a recommended screener using some of these options. The chosen stock will then be backtested and forward tested using paper trading. Choose a screener that would be useful for daily stock rebalancing. For tickers that would likely do well the following day if evaluated towards the end of a trading day. The options available to you in the screener are the following: Average volume Today’s volume Relative volume New 52-week high/low 52-week relative high/low 1-week relative high/low 1-month relative high/low 3-month relative high/low Share price Daily % change Weekly % change Monthly % change Three month % change Yearly % change Market cap Sector Shares outstanding Analyst Ratings Dividend yield Dividend date Ex-dividend date Earnings date Price-to-earnings ratio Highest options volume Implied volatility Options availability Options average volume Options relative volume Margin initial requirement Margin maintenance requirement

Yes, it is legit. Check out their LinkedIn page, and posts. Search for news articles. There is also a Discord group with active members. I've emailed their customer service a number of times and they got back to me promptly. I have wondered why it is not more popular. My theory about some of the bad reviews is that people don't know which algorithms to choose... then they choose the wrong ones that are not backtested far enough. Or algorithms that have high max drawdowns that they ultimately are not comfortable with (I made that mistake when I started). Many of the "community" symphonies are not great. As for your other question: Yes, it is possible to let a bot trade automatically with signals. But, it is not perfect. Expect to have 51-60% green days and 40-49% red days. But, some of the green days are REALLY good because the system can read hundreds or thousands of signals in a span of 5 minutes and then rebalance my portfolio. Currently, I am still testing the waters with 8K in cash. I'm 30 days in and so far, so good. I made about $800 off of these bots. So, that's about 10%. And, if that can continue... 10% per month, compounded is a nice annual cumulative return. Much more than I could do if I was trying to read these signals manually and make trades in Robinhood.

Feel free to connect with me via LinkedIn. www.linkedin.com/in/jim-mckenzie-smith/

In my opinion, AI will not push manual traders out of the market. However, not using AI or any kind of automated system or automated strategy will equate to lost opportunity for manual traders. So, maybe a skilled manual trader can still do 40-50% per year in annualized returns. But leveraging AI and automated trading in smart ways will potentially boost those returns double or triple.

Never!. Ai is using past data. If stock went up 5% on each earnings report in the last 4 years, backtesting will give you positive assurance. But try it today only to find out that today the stock was -17% and the entire U S. Stock market is in panic"!!! Does NVDA ring a bell?

Thanks for letting me know. I did some checks on the audio, compared to other videos, and I think you're right. Time to upgrade my microphone!

Hello! Just curious, did you end up trying Composer? If so, how is it going?

@@trading-smarter-with-ai Yes, I signed up on Composer and spent quite a bit of time on some of the strategies you shared. They were all really good but I wanted to fine tune them further and I wanted to be able to use more indicators than what Composer provided. So, being a SWE, I actually built my own version of Composer on a existing platform that I had. I was able to test probably hundreds of different parameters and many more indicators and came up with several strategies to use. I have been running them live with actual money in several of my accounts for the past month or so. So far things are looking really good. Unfortunately, some of the indicators that I use are not available in Composer - so, I can't provide a link to a strategy there but my core strategy is based on the strategies you shared on here. So, thanks a lot for that.

@@trading-smarter-with-ai Yes, I signed up on Composer and spent quite a bit of time on some of the strategies you shared. They were all really good but I wanted to fine tune them further and I wanted to be able to use more indicators than what Composer provided. So, being a SWE, I actually built my own version of Composer on a existing platform that I had. I was able to test probably hundreds of different parameters and many more indicators and came up with several strategies to use. I have been running them live with actual money in several of my accounts for the past month or so. So far things are looking really good. Unfortunately, some of the indicators that I use are not available in Composer - so, I can't provide a link to a strategy there but my core strategy is based on the strategies you shared on here. So, thanks a lot for that.

​@@trading-smarter-with-aiYes, I signed up on Composer and spent quite a bit of time on some of the strategies you shared. They were all really good but I wanted to fine tune them further and I wanted to be able to use more indicators than what Composer provided. So, being a SWE, I actually built my own version of Composer on a existing platform that I had. I was able to test probably hundreds of different parameters and many more indicators and came up with several strategies to use. I have been running them live with actual money in several of my accounts for the past month or so. So far things are looking really good. Unfortunately, some of the indicators that I use are not available in Composer - so, I can't provide a link to a strategy there but my core strategy is based on the strategies you shared on here. So, thanks a lot for that.

@trading-smarter-with-ai yes, I did. I tried posting more but my comments aren't staying posted for some reason.

LOL... I can make an Introduction to Composer video if you think that would be helpful?! Can you give me more context of where you are coming from? What things do you already know? Have you traded before? On what platform(s)/brokerage?

Is this helpful? help.composer.trade/category/11-symphonies-and-strategies

@@trading-smarter-with-aisorry didn’t see this. I’m completely new to the trading world. Slowly learning

Yes, I do have concerns about overfitting. Although the more time tested and battle tested it is the better. Composer shows an "OOS" date on all the backtested algorithms, meaning out of sample. That's the date that the algorithm last changed. So any events past this date have some risk. In other words, the algorithm by nature is overfitted to prior to OOS. I think it needs to be a continual process of refining and responding to current market conditions. I don't want to go into it blindly and risk a lot of money. I'm not sure how likely it is that we'll have another large spike in the VIX. I do think it is interesting that when I look at VIXY for 1yr the August spike sticks out like a sore thumb. But when I look at the 5yr all I see is the COVID spike. This year's spike looks tiny compared to that. I asked Chat GPT "What is the vix in the stock market? What is it a measure of? What do traders use it for?" and received some very interesting information back!

Thank you! Will do!

@@trading-smarter-with-ai I signed up for Composer and was playing with your TCCC algo. It is interesting that the strategy was not doing well for the first half of 2023. I played around with the reason why and it seems to be due to the SPY crossover (210d EMA over 360d) logic. I modified it a bit and that "fixed" the 2023 issue. However, testing it back to 2020, my updates make the overall returns lower then. I will keep playing with it. It would be cool to have a Discord where we can discuss these things. Let me know if you create one.

Thanks!! Are you thinking a deeper dive tutorial on Composer? Or how ChatGPT can be used to gain insights like this? Or both?

Thanks for the tip. I didn't now this Discord existed-- also, I was excited to see that it is focused on Composer.trade.

Hey! I've watched a few of your videos on Composer. Great content!

@@trading-smarter-with-ai - Thanks ! Great content yourself - looking forward to seeing more of your videos.

I can't give you any advice on how to get started but I can tell you what I did. What I personally did was set up a Robinhood account, and a composer.trade free trial, and just start experimenting with small dollar amounts. Then I just tried to learn from others and learn from my mistakes.