Your criteria for success was being right "at least part of the day". Based on that criteria, tossing a coin and letting it decide Bullish or Bearish for the next trading day will score a successful prediction rate of over 80%. Which is far higher than the (undocumented) 60% you are claiming for your poll. And unlike your "services", the cointoss is free.
Firstly, Traders-talk is 100% free, though you are free to donate $$'s to support it. The Sentiment Polls on traders talk are 100% free as well. I use them in my work, to be sure, and I've found utility in them.
Now, with regard to your "competition" you're blowing smoke and creating a straw man. I'm not pimping some undocumented data. It's ALL THERE FOR ANYONE TO READ. Do you grasp this? Free, documented, raw data for anyone to use and analyze and thereafter to use new data free of charge ad infinitam. You can fade it, you can go with it, you can contextualize it. *I* have found that the Fearless Forecasters are a poor fade--their opinion tends to be tradably RIGHT before tradeably wrong. Is that good enough for me? No. That's why I have other tools in my box. I'm not selling an indicator, just advising you that this free sentiment different from most.
I know you don't know me from Adam, but I've been at this for 23 years and my specialty is trading sentiment. Some of my sentiment work has been used on Decisionpoint.com for years and years. I'm interviewed regarding my opinions on sentiment with some regularity. I'm not pimping my services here, only establishing that it can be documented that I'm not some pimply-faced kid tweaking you for fun. The converse remains to be seen.
NOW if you want to come over to MY little neck of the woods (traders-talk) and run a little competition of, say, you flipping your coin and taking a trade with real money based upon that while do my trades based upon my read of the sentiment. We can document it real time. How's THAT sound?
Otherwise, it's just a silly statistical game. I've played those. Now a trade real money and let the rest crunch their numbers to get "signals" that they'll never trade anyway.
What I've posted here are two free resources with certain unique and predictive characteristics. I've shared my experience with them. Free. The payback for me appears to be diminutive.
Mark Young
wallstsentiment.com
chartsmarts.com
traders-talk.com
thefreechartoftheday.com |
