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What is The Sharp Plays Trading?
It’s all about the algorithms! Years ago I watched a documentary about Ed Thorp. The documentary discussed how Thorp used mathematics (he’s the father of modern card counting) to beat the game of Blackjack. The documentary was riveting and I was fascinated how Mr. Thorp used math to beat the casino. The most shocking part of the documentary was what I learned at the end… Ed Thorp made money card counting, but he broke the bank taking his math skills to the hedge fund industry! I was damn good at math too, so I though if Ed could find a way to unlock the code of the markets, I could too… or at least I would give it a shot!
So, I decided to see if I could put together my own trading algorithm. I had done it for sports, why couldn’t I do it for the financial markets? To make a very long story short, over the next several years it was my pet project to put together a quality trading algorithm. I read books, talked to people I knew in finance and eventually my model began to take shape. As with any model, it initially failed, but you can learn a lot in the failures, and I did. I kept plugging along until I met a very successful options trader in one of those chance meetings. We chatted about algorithmic trading and I explained the model I was creating. He said he would take a look. Well, one meeting turned into several and my model took off thanks to his insights. Normal model evolution occurred in the years that followed and here I am today.
My financial trading model scans every position in a market. The model uses thousands of variables and runs those variables through 62 different calculations. Each of the calculations is an analytical tool in itself. The algorithm takes those thousands of variables, the results from those 62 different calculations and rates the position on a Bullish to Bearish scale to provide a position assessment. The scale is simple Bearish 5-4-3-2-1-0-1-2-3-4-5 Bullish. A Bullish 3,4,5 is a position I consider trade worthy to go long. A Bearish 3,4,5 is a position I consider trade worthy to go short. Different metrics within the scale help to further filter the potential trade selections. The results speak for themselves and this simple scale has directed all my trading activities for almost 15 years.
After seeing some interest in trading content from The Sharp Plays audience, I decided to make trading content a regular part of The Sharp Plays. It was going to be something I eventually launched. Well, COVID sped up that launch. When the world stopped in March 2020, I decided to fast track the trading content to fill the gaps left by sports. Since then, the trading content has been a tremendous success across the board… whether free or paid trading content… it has all been a grand slam! The TSP Trading content has such a following that it is definitely here to stay! Trading provides the action we all desire as gamblers, but trading is a nice twist from sports wagering. Curious to see the algorithm in action? Check out the free TSP Trading Channel on Telegram at t.me/tspfma! Every morning I update the channel with a brief market commentary and algorithm calculated support and resistance levels. I also discuss open and discuss trades from time to time on the channel. The TSP Trading Channel on Telegram is well worth the price of admission… FREE!!
How has the TSP Trading Content Performed?
Trading content performance, both for any public trades posted to Twitter or Telegram, as well as paid Financial Market Analytics content, is updated daily on The Sharp Plays Trading Performance page.
How is the TSP Trading Content Delivered?
While some publicly posted trading content is discussed on Twitter, the primary platform for publicly posted trading content is the TSP Trading Channel on Telegram at t.me/tspfma. The Financial Market Analytics subscription at TSP.Live/fma is the paid content platform/subscription. Thanks for checking it out and good luck in your trades!
TRADING CONTENT DISCLAIMER –
The Sharp Plays, @TheSharpPlays on Twitter and this Web Site (collectively referred to hereafter as “TSP”), is published as an information service and it includes opinions as to buying, selling and holding various stocks, investments, and other securities. However, the publishers of TSP are not brokers or investment advisers, and they do not provide investment advice or recommendations directed to any particular subscriber or in the view of the particular circumstances of any particular person. The information provided by TSP is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. Visitors to TSP or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so.
At various times, the publishers and employees of TSP may own, buy or sell the securities discussed for purposes of investment or trading. TSP and its publishers, owners and agents, are not liable for any losses or damages, monetary or otherwise, that result from the content of TSP. Securities discussed by TSP should be considered speculative and contain a high degree of volatility and risk.
Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Futures traders must review a copy of the Risk Disclosure Statement for Futures Contracts. Investors need a broker to trade securities & options and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations made by TSP. Due to the time critical nature of stock, options, future, or other trading, brokerage fees, and the activity of other subscribers, TSP cannot guarantee that subscribers will mirror the performance stated on our track records or promotions. Performance numbers shown are based on trades subscribers could enter based on our guidelines.
The results posted for TSP are hypothetical. Results are based on the price when the position was published by TSP, and the price when dropped by TSP. TSP cannot guarantee that any person bought or sold the actual security for the prices listed on the Web Site. Investors may receive greater or lesser returns based on their trading experience and market price fluctuations. The prices listed are for reference only and are in no way intended to represent an actual trade, entry price or exit price.
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