I’m a 20yo investor and use a small amount of my yearly income for higher risk trades each year while I build up most of my portfolio in ETFs and such. I’m a full time student and part time worker so I don’t have ample time for complex trading strategies or day trades.
I like a basic mean reversion strategy you probably already know, just using RSI (13) and Bollinger bands (30) to catch reversals. I also look at news, try reading basic candle patterns, look at volatility percentiles, and avoid trading earnings for more safety. I look for these signals on the daily charts and plan to trade mostly ITM options with 50D or more expiration dates. I’ll be papertrading for a few months for practice. But it’s annoying screening for these requirements in my brokerage so I was thinking of using Claude to code me a program that would flag stocks that meet these requirements for me along with collecting news and research on the stocks, filtering out undesirables.
But I honestly don’t even know if this strategy truly will work or be worth the time investment. If I do it right, will my setups be reliable or am I setting myself up for failure? Do you notice any flaws in my line of reasoning or ways I could be improving this?
It’s hard to get reliable info on strategies that actually work well since everyone safeguards their secrets behind paywalls and courses that I won’t ever give in to.