Investing General Discussion

Gravel said:

Doesn't that make the IWM drop that Jysin posted seem a bit more concerning then?

Yeah, the tech companies are driving the big indexes, but IWM is what actually matters and if it's going to fall off a cliff, well, the market is fucked.

Click to expand...

IWM needs to participate for the rally to have legs. I wish we had a better bear market capitulation and economic reset. We are still now stuck feeling late cycle. I've been taking a bullish stance because that's the chart/data in front of me, but a breakdown of IWM here would change my view towards being more protective. to be more clear/precise, a weekly close of IWM below the 200d would be a red flag for me to change base assumptions. People may focus on NVDA declines but that is meh to me, a 20% correction in NVDA in my mind would be meaningless to overall outlook., if anything it would probably make me more bullish.

Tuco said:

Does this allow you to set time or fast forward? Ex: simulate trading sessions over the last week? What I did a decade ago was write some basic algorithms from a book I read (Technical Analysis of the Financial Markets), then set parameters for the algorithms and run it over a year from stock market trading data. I lost my shirt everytime and gave up on being a trader . Is there any simulation product that supports that use-case?

Click to expand...

Pretty sure it does, I don't use it though because like Chamath I'm in the arena! I'll save you time and write the code for you now that will be your best bet.


function authenticate(username, password) {
if (username === 'your_username' && password === 'your_password') {
return true;
} else {
return false;
}
}

function checkBalance(username) {
// Simulated balance checking logic
if (username === 'your_username') {
return 10000; // Assuming you have $10,000 in your account
} else {
return 0;
}
}

function placeOrder(username, stockSymbol, quantity, price) {
// Simulated order placement logic
console.log(`Placing an order for ${quantity} shares of ${SPY} at $${price} per share.`);
}

// Your buy function
function buyStock(username, password, SPY, quantity, price) {
if (authenticate(username, password)) {
const balance = checkBalance(username);
const totalCost = quantity * price;

if (balance >= totalCost) {
// Sufficient balance to place the order
placeOrder(username, SPY, quantity, price);
console.log(`Order placed successfully.`);
} else {
console.log(`Insufficient balance to buy ${quantity} shares of ${SPY}.`);
}
} else {
console.log(`Authentication failed. Please check your username and password.`);
}
}

// Example usage
const username = 'your_username';
const password = 'your_password';
const stockSymbol = 'SPY';
const quantity = 10;
const price = 150.0;

buyStock(username, password, SPY, quantity, price);