Trendcost is an application that predicts the most recent trend of stocks listed on the New York Stock Exchange. We believe that everyone deserves the right to make educated investment decisions going into every day the stock market is open.
My name is Kyle Coleman, and I am currently Business Intelligence Analyst on a Data Engineering team at Travelers Insurance. Outside of my data-oriented day job, I am natively a fullstack developer, with experience in building applications from end to end. I am interested in the convergence between the investing and software data. Combining data with programming, Trendcost was built.
Origins of Trendcost
In July 2018, I asked myself the question, “Can the stock be predicted?” I chose to delve deeper into the question as part of my undergraduate senior research project at Eastern Connecticut State University. I learned based on an array of books and research papers about day trading and about how to read candlesticks. The tool I originally intended to construct was to predict the trend of the penny stocks large in volume and most volatile. However, this method required extensive processes to be conducted and those exceeded the request duration limit. From then, I had to change my existing process.
I decided to simplify the existing code to just candlestick chart technical analysis. I also didn’t want to force users to one list of stocks when there are thousands out there in existence. The user would not be as acclimated to penny stocks as they are to household company name stocks, such as Apple, Snapchat, Tesla. Therefore, the basis of the project’s idea shifted and here we are today, with the latest Trendcost version.
How do I use this?
It is recommended that you use Trendcost as a tool on top of other investment tools as it is not 100% accurate (no investment tool is 100% accurate) and the market can change at any point in time.
The easiest way to use Trendcost is by conducting the following:
- Have a trading account with a brokerage. If you do not have one, I recommend Robinhood as they allow you to make UNLIMITED, FREE trades.
- Have a list of stocks ready that you're comfortable investing in.
- One by one, enter each symbol into the text field.
- Once you make it to the next page, it will say "Trending Up" or "Trending Down" as of certain date.
- For example, if a stock says it is "Trending up: 03/19/19" and it is 03/20/19, there is an 85% chance that it is trending up (today).
- In the case that the trend is in the opposite direction, there is a 70% chance that the stock will trend down (today).
- Since you know the trend, I recommend investing in options as your profits are totally dependent on the trend. "Calls" are associated with Trending Up and "puts" go along with Trending Down.
- Once you've made your investment, if it’s an option, sell before the expiration date and if it’s shares of a stock, sell when you’ve acquired the profits you’re satisfied with or before you’ve lost more than you wanted.
- Keep in mind that you are limited to three day trades in a week. A day trade is when you buy and sell a stock or option all within the same day.