Earlier quoted context omitted.
Good question! It's a manual process of discovery. As in, I actually go out and hunt down groups talking about stocks and if it looks interesting, I'll add it into the algorithm. I'll then analyse the data over a period of a week or two and determine whether it's worth continuing. If it is, I move it to production and it'll perform as the rest do. If a community is not publicly visible (discord, telegram, etc) I'll a…
Wait, I thought the whole point was to find pump and dumps early. I'm not sure what you're trying to do now. The most interesting (for me anyway) would be to figure out what is going to be on Reddit before it appears by analyzing spam/pump and dump groups etc. If you're analyzing Reddit after the fact, isn't that kinda late?
It might be late in that you might make less money than you would if you were in those groups but I can't say that I'm unhappy with what the algorithm is currently finding. It's primarily built for day trading, so you're in and out of trades that same day. There are times you're out within 30 minutes. The goal is near daily compounding, which leads to higher gains than holding for X number of days.
It has been recording data since 9th of August 2021 and is averaging 4.5648% across 340 stocks. Since Jan 1st this year, it's averaging 5.1779%, and I would like to think that I can get that number higher.
Note that these are perfect values, using the open price and the highest price of the day, they're unachievable consistently, I use them to understand how much potential for profit we could've had.