1. Does TINO IQ finds buy and sell recommendations for “all stocks” everyday ?
TINO IQ’s algorithm’s scan all stocks every day. If an algorithm finds a pattern, then TINO IQ’s quality module, verifies the effectiveness of this pattern as suggested by the algorithm. Once the effectiveness of pattern is validated, the stock made available on TINO IQ app. Generally less than 1% of the stocks pass through this rigorous test on a daily basis.
2. Do you analyze penny stocks ?
TINO IQ’s database currently has only blue chip stocks with a good trading volume. This enables our clients to trade-into/out of the trades easily. We can add some penny stocks with good volume.
3. How do I know what TINO IQ is saying is correct ?
Very few stocks pass through our strict quality checks and we are not like many companies who claim success if 1 out of 100 predictions work. For us every prediction should work. We openly provide all metrics to the user where they can see what happened in last 20 years when Algorithm X gave buy/sell signal for Symbol Y.
4. Why don’t you trade it yourself ?
Yes, we can and we do – However it’s not possible for us to trade in all the market’s / stocks everyday. If we trade any stock, the symbol is not shown in prediction list. This is to ensure we don’t have any conflict of interest
5. How are you better that other companies ?
We don’t predict too many stocks and our proprietary algorithms capture trading pattern from multiple angles. This enables us to find small and actionable trading opportunities. We have spend many years building algorithms which track patterns where people are trying to do artificial manipulation of stock. All these algorithms help our clients to make a rational decision when pressing that buy/short button. We would have to fill up a page telling more features, Please take a look around our site and see for yourself.
6. I like the BUY recommendation, however next day stock already gapped up ?
Market’s move everyday, so getting a good entry/exit point is vital. If the stock has gapped up then you should wait till price of the stock is at or below the suggested price. If you don’t get this price in 1 or 2 days, it’s better to skip this trade and look for other stocks.
7. Can you explain algorithms, how they work ?
Kindly refer to http://tinoiq.com/why_tino_iq for details on algorithms.
8. Which stocks do you Analyze ?
For our first release we would be having all stocks of Dow 30, S&P 500 and Nasdaq 100 Index. Additionally we have some ETF’s from Vanguard, Proshares and IShares. We would keep on adding more stocks/ETF’s regularly to TINO IQ
9. Can a stock be in both Buy and Sell list ?
Yes. This means that stock is expected to be volatile in next few weeks and would trade both up/down. In our research, we have found putting limit orders ahead helps make the right decisions.
10. What do you mean by 1 week expected return ?
Let’s say prediction is for stock to gain 2% on 10/1/2015 when stock was trading at $100. This means stock is expected to touch $102 within next 5 days. We would strongly recommend you taking immediate profit when it reaches $102 as stocks can come back to $100 or go even down. Similarly stock can go up to $105 or $110. We believe in taking consistent, predictable profits as compared to hitting jackpot one day and loosing it the other day.
11. How do I understand probability number ?
You toss a coin and want a head to come. The probability of that happening is 1 in 2 outcomes. Hence probability is 50%. For predicting TINO IQ’s result we calculate all the possible outcomes and present this number to you as probability.
12. Can I do option trading based on TINO IQ’s recommendations ?
Many of our customers are using TINO to trade option, However people are trading options on own risk as we believe, for options trading we need to consider factors like time decay, implied volatility and more in a different way that stock trading. We are working on a module specifically catering to option trading recommendations, targeted to release in ( Let’s keep that secret 🙂 )
13. I bought AAPL yesterday and sold it yesterday at predicted price ? There are still 4 more days to go, Can I repeat the trade ?
No. The algorithms look at patterns each day and then compute the probability of a stock going to expected price within next 5 days. Once the price has been achieved the algorithm has already done it’s work. If you are trying to repeat the trade, you are trying your luck.
14. Which is your best algorithm ?
Every stock has a character to how it responds to market forces. This character changes depending on people trading the stocks or events happening in that company. Each algorithm captures this character in a different way. Think of algorithms as tools which can help you find the pattern on a stock today
15. The prediction accuracy chart shows 70% accuracy for past few years, however stock is having 99% accuracy today ?
We treat our predictions very strictly, even if the stock misses it’s prediction by 1 cent during prediction period, we consider it a failure. We think, It’s better to be conservative rather and save money – hence we follow this strict approach.
The probability number today is not an average of the past predictions. It a number generated by algorithm today based on today’s market conditions.The Quantum Analytics chart is very useful in understanding how the algorithm has been successful in predicting the stock in past.
Think about it, how many companies show you predictions they have made in past and what happened to those predictions ?? Remember, Dot-com boom, housing bust etc. Companies just give reason to say why their predictions were not right. By the time they give predictions, it’s too late – people have already lost money.
This is why we are being honest and transparent about every single prediction we make.
16. What’s the practical use of correlation screen ?
While analyzing a stock you might come across, “I want more of these kind of stocks”. This is where correlation comes into picture. In the correlation screen you can find stocks which are having similar trading pattern as your stock.
17. I see correlation for 12 months, however not for 6 months, how is that possible ?
Let’s take an example, Stocks X and Y had 98% correlation from Jan-Jun however had only 84% correlation from July-Aug. TINO currently shows correlation of over 90% hence you would not see correlation for 6 months.
18. You started algorithms in 2006 and building app in 2015 ?
Yes, In the initial years, we did not got any good results. Actually after working on it for nearly 7 years, we thought of giving up. However in early 2015 we started getting some good output and then started of building an app. We are fully dedicated to continue building better algorithms and would continue to build new and improve existing algorithms.
19. When can i see the prediction for next day ?
Around 9:00-10:00 pm PST you can see predictions for next day. If there are any data issues, then we try to get predictions engine working before 6:30 am PST. You do not have to open and close or login/logout to see the new predictions. The predictions would come automatically
20. Do I have to invest large amount to make gain ?
Trading of anything is a risk – Think Trading is a game and money is just exchanged from one hand to another – So for you to win someone is losing. At TINO IQ our philosophy is to have to lot of good small trades rather than one large trade. Putting a lot of money on one trade is risky, hence please look and understand quantum analysis chart “before” making any trade. As you would start getting more comfortable using TINO IQ algorithms, you would understand which algorithm to choose and where to put the bet. Please see http://tinoiq.com/live-portfolio to see how we are ahead of literally every hedge fund out there.
21. Do you have stop loss ?
Yes and No. We have it for few algorithms and are working towards making it available for other algorithms
Click on the link to download actual set of questions and answers by one of the user. He compiled all questions together and put in this document: New Memeber FAQ