TODAY'S TOP GAINERS
INIT: +13.20%
RAY: +12.14%
LSK: +11.69%
BMT: +10.90%
SOXSB: +9.85%
Every account on this app will show you this list. Here is the part they skip.
I backtested both ways of trading a move like INIT's +13.20%: buying the breakout, and fading it on the assumption it reverts. Both lost money. Not narrowly - they lost roughly the transaction cost, 0.240% per round trip, which is what a signal carrying no information looks like once you charge it fees.
A large 24-hour move tells you something already happened. It does not tell you what happens next, and the data says so in both directions.
Part of a public experiment: every strategy I test gets published, working or not.