Tech Watch | InfoWorld Staff | InfoWorld | Day-trade grid-style with Gstock | September 27, 2006 09:18 AM

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Day-trade grid-style with Gstock

September 27, 2006 | Comments: (0)

Day-trade grid-style with Gstock

GStock.com launched Wednesday what it said was the first-ever virtual supercomputer dedicated to stock picking.

The company said its new site harnessed the computing power of Internet-linked volunteer computers around the world, calculating and scanning stocks 24 hours a day, with over one billion strategies tested per stock, for "profitable trades with a high degree of certainty", said Oren Rossen co-founder of GStock.com.

So, just how certain is it? The company said it tested over a two and a half year period and it yielded an average 5.1% return per trade over a 53-day period, with 21,000 of the 30,000 trades -- or 70 percent -- yielding profits.

Tal Schwartz, Ph.D in Finance and Economics Instructor, California Institute of Technology, said in Gstock.com's press release: "Building a virtual supercomputer to test billions of algorithms in search of profitable investment strategies is certainly a tremendous leap forward in personal finance and portfolio management."

I'm looking for some analysts to comment and will post their response if I get one.

Hey day-traders: Would you trust your investing to a grid-style supercomputer? Talk back to us.

Posted by Mike Barton on September 27, 2006 09:18 AM

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COMMENTS

The "keyword" of this project is "strategies" - what strategies are they using. Power of a good prediction is not depending solely on the power of calculations and super-calculations, but in the power of the strategy.

I doubt that someone having a good strategy would share it with everyone ...

Posted by: Gigel Chiazna at December 8, 2006 04:13 AM

I downloaded the software: this project is a farce, it doesn't calculate anything, it doesn't work!.. Look at the Google's stock analysis:
http://www.gstock.com/s=goog

A 10 years old kid will do better...

Posted by: jcn50 at July 2, 2007 08:42 AM

I bare the difference... I looked at the url you posted and I couldn't trade like that... it's not a buy & hold strategy. It's buy here, sell there - swing style, and i tried swing trading with very poor results, so i know how hard it is, and their success is impressive. no-one can be right all the time. If it was like that, i'd call it fake on the spot, but it isn't. As for strategies, I understand where they are coming from. I tried trading forex and developed my strategies, but when i tried them on stocks or commodities, they didn't work at all... so having a strategy tuned to a stock is an interesting concept. I'm going to try this thing.

Posted by: Ozomi at July 30, 2007 06:39 AM

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