Stockpickr

Stockpickr: Seeking Buffett's Apprentice

 

Stockpickr tip of the day: In our System Trades of the Day portfolio, we regularly post trades from our various systems in the Active Trader section. In particular, we post trades from the 3x2 system. How has this done since 2007 started? The answer: pretty good.

I ran a simulation last Friday of the trades through last Thursday. Using 2% of equity per trade and running on the 200 most volatile Nasdaq stocks (the full list can be found on Stockpickr's 3x2 System page), the result is that the system is up 7.75% on the year vs. a decline of almost 2% for the S&P.

The other systems that we post in the System Trades of the Day are the QQQQ Crash Plus, the QQQQ Sweet Spot, and the Takeover Targets. However, over the next few weeks we will be adding some more interesting fundamentals-based systems.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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