These trading strategies are up 40% or more. Here’s how you can copy them with a single click
Last year, I created “the Neckbeard Index 2”.
Unlike most trading strategies that use technical indicators, fundamental indicators, or price action, this trading idea was based on the idea that you can find strong investment ideas by just paying attention to social media and the broader market sentiment.
This tongue-and-cheek portfolio sought to buy and hold stocks that are representative of Reddit neckbeards. It included stocks like Reddit, GameStop, Domino’s, and NVIDIA because these companies (in one way or another), conform to the “Neckbeard” stereotype.
While the Neckbeard Index was strong in the backtests, my goal was to deploy it live and see how well it would fare for real-world trading.
I didn’t expect it to gain over 90%.
Press enter or click to view image in full size The Live-Trading Performance of “the Neckbeard Index 2”. Click here to see the results yourselfSince deploying this strategy on May 19th, 2024, this portfolio earned 91.97%. Its sharpe ratio (or risk-adjusted returns) is 1.91, which is astounding. And the maximum drawdown, or the percent gain from top to bottom, is modest, at 30%.
What’s crazy is if you would’ve copied this strategy or made your own variation, you could’ve nearly doubled your account value in a year.
So I made it possible to copy any trading strategy with the click of a button. Here’s how.
Want to copy this portfolio yourself? Check it out on NexusTrade
Not Just Simply Copy Trading
When I say that you can copy a trading strategy with a single click, I halfway suspect someone to think I am sending them trade ideas via email.
Like we live in the 2010s.
The reality is much more exciting.
A no-code algorithmic trading platform
To start, the platform around this is not a simple trading platform. It’s the world’s only platform that lets you use AI to create, test, and deploy algorithmic trading strategies.
You can test out insane ideas using natural language.
Press enter or click to view image in full size Using natural language to 1. Fetch a list of Fundamentally Strong Biotech stocks (not pictured), and 2. Convert this list into a trading strategy. Read the full conversation here.While other copy trading platforms like E*Toro allow you to copy others, NexusTrade is the only one that allows you to backtest and deploy trading strategies without writing a single line of code.
While I’ve previously built out useful features to help you share your ideas (such as “Shared Conversations”), there wasn’t always an easy way to “prove” your conviction and see the real-time trading performance of your different strategies.
So I created one.
A Community of Shared Trading Ideas
Press enter or click to view image in full size The Community Portfolios page in NexusTradeI created a repository where people can share their ideas with the wider community. It’s called Community Portfolios.
These portfolios are shared by other traders and investors. Some of the portfolios here are up more than 40% and they represent a complete, objective history of how these portfolios performed in the past.
Many of the portfolios on the list are completely free, while some cost a subscription to use. For these premium portfolios, the subscription fee goes to the portfolio owner, incentivizing them to share more and more of their ideas.
Once subscribed, users can copy the strategies, receive real-time order notifications, clone the ideas, and even make their own modifications.
In this context, there’s a difference between “copying” and “cloning”. Allow me to explain the difference.
Option 1: Copy – Set and Forget
Press enter or click to view image in full size When you click “Copy Portfolio”, you can choose to “copy” the strategies and receive a real-time order alerts or “Clone” the strategies and add them to a new portfolioUsers have the option to “copy” portfolios from the community. This option is perfect for beginners who prefer a more hands-off approach to investing.
When users click “Copy”, it creates a “Copy Trading strategy”. This attaches to a portfolio and sends automated trade alerts directly to your inbox.
Press enter or click to view image in full size The UI for “Copying” a portfolioFor paper-trading portfolios, the alerts are fully automated. When the source portfolio makes a trade, the target portfolio will make the same trade at the same proportion.
If you connect a real brokerage (like Alpaca or Tradestation), the alerts are semi-automated, requiring a confirmation for the trade to actually execute.
Once copied, a “copy trading strategy” is created for the portfolio.
Press enter or click to view image in full size My Portfolio’s copy trading strategiesCopying a portfolio is perfect for people who want to be more hands-off or see how a friend’s portfolio fares over time. However for more advanced users, we might want to make our own modification and changes to the strategy.
That’s the purpose of “cloning”.
Option 2: Clone and Make Your Own
As an alternative to copying a portfolio and receiving real-time trade alerts, you also have the option to “clone” the strategies. This allows you to see the exact rules, add more, and make your own custom updates.
Press enter or click to view image in full size Users can instead “clone” the strategies to manage them independently This makes it possible to add more strategies, make modifications, and even share your changes on your own. It’s suitable for the more experienced trader who wants more control and less hand-holding.
Finally (and most importantly), this isn’t just a relationship where you are just taking other ideas.
You can also share your own.
Giving Back to the Wider Community
NexusTrade allows you to share your portfolio to whoever you want. You can keep your strategies secret to yourself, you can share it with a few buddies, or you can share it with the entire world.
Press enter or click to view image in full size You can keep a strategy private (default), share it publicly, or send it to your friendsThe choice is yours.
If you’re a more experienced trader, you can even decide to monetize your portfolio (after a very simple application). This allows you to earn passive income while building your community.
Press enter or click to view image in full size The UI for sharing a portfolio; you can charge a custom subscription fee for your ideas and earn passive incomeIt’s a win-win.
Concluding Thoughts
As a prolific author on Medium with over 55,000 followers, I’ve shared my trading ideas again and again with the entire world.
And now it’s possible for you to do it too.
Portfolios such as NVIDIA and Google and Breakout for Stocks have seen insane gains, particularly when compared to benchmarks like the S&P 500. And now you can copy these ideas for yourself.
But there’s more.
You can create your own strategies, run backtests, and share your ideas with the world. If you find a few profitable strategies, you can monetize them, earning passive income while contributing to a wider, data-driven investing community.
We all know that just because a portfolio does well one year doesn’t mean it will the next – the past performance doesn’t necessarily equal future results. But by evaluating profitable trading strategies and sifting through the noise of what works and what doesn’t, we can all become better, more profitable investors together, without worry about writing Python code for automating our trading strategies.
Everybody wins.
Want to see some of the most profitable algorithmic trading strategies? Check them out on NexusTrade. Your next 90% year might be just a click away.
