Last year you said my stock algo was a scam and now it's exponentially better
Last year, I shared Feetr with this community. I was told that if this worked, I wouldn't share it with people, that it's a scam, that it's too good to be true, that it's misleading, that it's because we were in a bull run.
Now it's better than ever. During a recession.
This is the image I used to advertise it:
Here is Wednesday, Thursday, and Friday of last week (for brevity, all stock picks can be seen at feetr.io):
What Feetr is
Feetr is a stock discovery algorithm weaponised to find the stocks with the best chance of massive returns. Last month it averaged 21% DAILY INCREASE across 96 stocks.
It'll cost $8.99 per month.
Why should you care
You're probably here for one of two reasons: 1) You have passions that you want to pursue but can't because of your job or 2) you're sick of making someone else money.
Imagine you could start a company without needing to worry about paying bills? That's what I want for you. I want you to be in the best possible position to succeed.
I believe in the concept of a Universal Basic Income but I do not believe that it will ever be passed by a government so here I am implementing one.
Current state
Feetr launches in a couple of weeks but right now it's free. Has been for a couple of months.
If you want to follow along, stocks are posted to @feetr_io but I have a daily thread discussing stocks over at @0xsmcn if you want more info.
If you're new to investing or day trading, I recommend paper trading. Eventually we'll have buy/sell signals but right now you're in control of when and if you trade.
Current top 10:
Seems like if this worked you wouldn't share it with people... Kinda seems like it's a scam because it's too good to be true, or maybe just misleading... Either way, I'm definitely gonna try it out! Thanks! xD
The email came through with only the top and I was about ready to punch you in the throat.
I kid.
Thank you very much! If you are new to investing, I would highly recommend paper trading and getting a feel for how the stocks move without using real money. We get good stocks every day, no need to feel like you missed out on one.
Haha! Sorry if the humorous tone didn't come through in the text xD
I looked through the comments on your previous post, and can completely understand the confusion/upset responses. I think there's some small flaws in the way you presented it, and when it comes to money people get pretty huffy about small flaws being signs of big scams.
As others mentioned, the claim of returns is a little misleading when there's only half the job being done. A bot to help pick stocks does nothing to help sell stocks, you very fairly cover this in your FAQ and in your comment responses, but I get how at first glance your initial pitch can feel deceptive. This is because you're essentially claiming the full package by regularly referring to the maximum possible returns from your picks, but provide no mechanism for achieving those maximum possible returns (and anyone who knows anything knows a human certainly isn't going to certain when the peak is on any given stock). This makes your advertisement images feel misleading, since they imply the software can do something that nobody can actually do with just the software. Again you clarify this elsewhere, in comments and the FAQ, but this can come off as:
"Hey you want some free money?!* Sign up here for 50k% returns! It's only a few bucks a month because I'm so moral and don't use it!**"
*no free money.
** I've personally made 700% returns.
Just looking over it from yesterday:
$BVXV | OPEN: 3.0 | HIGHEST: 3.1 | INCREASE: 3.33%
This is a claimed 3% gain... But that's based on an open of 3.0 and a peak of 3.1 literally two minutes after market open... Then it was downhill all day. Claiming this is a winning find can come off as pretty sketchy. This is because anyone who decided to invest in this suggestion and didn't have a perfectly precise sell time in the one minute window of the only peak, went on to lose over 15% of their investment in a day.
$HKD | OPEN: 23.0 | HIGHEST: 25.5 | INCREASE: 10.87%
Same deal here. 10%+ is a fantastic quick day trade, but if you don't know exactly what you're doing and don't have absolutely excellent awareness and timing, you're likely to miss the ~10 minute window there was to get back the investment at a neutral or positive gain. If someone decided to bag hold based on this suggestion, they'd go onto lose about 35% of their investment.
So when you say it averages 21% daily (or any comments like that), it's easy to claim that as lying, because the software doesn't pick when to sell these stocks and you're acting as if it sells them at the peak. You're assuming half the equation is impossibly perfect (despite it not even existing) and advertising based upon that. It makes it feel like a product pitched for newbies to use, where as it's a useful information tool for people with already advanced understanding of how the market works.
Some good points there. I've answered them elsewhere but you absolutely deserve a response.
The main one is that we track the open and highest price to determine how the algorithm performed. We need an idempotent way of measuring performance. We're open about the fact that you will not achieve those results on a regular basis, and that it's even possible to outperform them. When we say a stock achieved X%, we're not saying a person should have, we're saying that a stock that the algorithm picked went up by X%. The higher the percentage increase the more chance someone has to take profit. So if we average 21% across 96 stocks in a month, that is ample room for someone to profit.
Here's a calculation I love to throw out: there are 252 trading days in the US. Say you earn 1% profit each day and invest that profit, and the original sum, into the next day, and continue doing that. You make 1227.40% returns. If you do the same but you make 3% every day, you make 171783.17%. Of course, this calculation does not take market caps into account, nor does it take periodic losses in. It's just an example to show how exponential compounding interest can be.
We're also very open about the stock picks, everything that gets suggested gets displayed. You can go over them to your hearts content, not every stock every day is a winner, we have never once suggested that. Yesterday, 3/4 went above 10%. Today 1/2 did.
Trading is a learnable skill, and it's easier to learn when you have stocks that move by good amounts. It's free right now because I want people to learn.
Thanks for the response!
I've been trading for about a decade and somewhat familiar with the basics, so I definitely see the value in the tool. I was just attempting to explain (my opinion) that a large part of your target audience (especially if you're trying to help people people learn) likely won't be as familiar with the subject, and probably often react negatively (destroying your chances of hooking their attention) due to some of the points I mentioned. More of a writing/marketing issue than the product, as I see it. Sorry for repeating what others have already said, I only scrolled through some of the previous comments.