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| — | wiki:projects:youtube_videos:stock_analysis [2022/04/10 15:00] (current) – created jeff | ||
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| + | ====== Stock analysis ====== | ||
| + | * I don't really do stock analysis | ||
| + | * Also I'm not a professional trader | ||
| + | * I'm a senior software developer | ||
| + | * Don't take any of this advice to invest in stocks. | ||
| + | * Second, Interactive Brokers is terrible for anything beyond placing a trade | ||
| + | * their data feeds are sourced from third parties. | ||
| + | * Which you can just go to their third party and get the data directly | ||
| + | * in a better format | ||
| + | * If you are determined to use interactive brokers | ||
| + | * learn software development and check out my video on writing code for interactive brokers. | ||
| + | * It's not worth the time or effort to use their software to do analysis | ||
| + | * Their data is available else where and is more easily accessible than through interactive brokers. | ||
| + | * So, If you are still watching, | ||
| + | * I'm going to walk through how I would analyze a stock | ||
| + | * and perform calculations on the historical data | ||
| + | * If I were to analyze stocks | ||
| + | * this is the process I would use | ||
| + | * First, I follow the news every day | ||
| + | * multiple sources of news | ||
| + | * I also follow what startup companies investors are investing in | ||
| + | * This gives me an idea of what specific markets to invest in | ||
| + | * right now, commodities are going up in price. | ||
| + | * oil may be going down if biden starts dumping the US oil reserve onto the market. | ||
| + | * The housing market just reached it's peak and is going into a downturn | ||
| + | * With this news, I can start looking into specific stocks that capture these prices | ||
| + | * so I search for housing stock market index for example | ||
| + | * Then take this stock for example and look at it's details | ||
| + | * well it looks like it's on a down trend | ||
| + | * which the housing market is on the down trend | ||
| + | * probably wont go back up until march of next year | ||
| + | * but this stock seems to have a lot of ups and downs | ||
| + | * so maybe it's good for day trading | ||
| + | * we can get the data and put it in excel | ||
| + | * this will allow us to run algorithms on it | ||
| + | * But do I really need excel to do this? | ||
| + | * What about trading view? | ||
| + | * So I would waste time looking at trading view before writing my own algorithms | ||
| + | * See if I can spot patterns with existing algorithms | ||
| + | * Once I've done that | ||
| + | * I would then work on creating some code in excel to trigger off those patterns | ||
| + | * then I can run a back test on the algorithm and see how well it works | ||
| + | * Once you have it setup | ||
| + | * just open excel once an hour, once a day | ||
| + | * however often | ||
| + | * and see if your algorithm triggered for the given stock you are following | ||
| + | * If you want real automation | ||
| + | * Use trading view and pine script | ||
| + | * Trading view can alert your phone | ||
| + | * or lead programming and fully automate so you don't even have to worry about it. | ||
| + | * anyway, that's all I have. | ||
