Luke Lango is back with something he's calling one of the most important projects ever conducted in the world of finance.
At the center of this groundbreaking “Prometheus Project” is artificial intelligence, or AI, which promises to give us the ultimate edge over the market.
The Teaser
Prometheus may be the name of a sci-fi horror film, but Luke claims it's also the answer millions of investors and retirees are looking for.
Luke Lango says he has invested millions of dollars spearheading this two-year-long project and it's finally ready for primetime. In the past, we have reviewed and revealed his “Project Dojo” Stocks and ChatGPT Loophole teasers, among others.
Well, it was bound to happen sooner rather than later.
I'm talking about an automated AI trading program and this is the first time I've had the pleasure of reviewing one here. Raise your glass of leftover New Year's champagne in celebration.
What exactly is the Prometheus Project?
The presentation describes it as an “AI program that can pinpoint the moment a stock is about to surge in price.”
Prometheus Project Origins
Like many startups and grifts, Prometheus started with an idea, a marker, and a whiteboard.
One day, Luke was sitting around thinking about how frustrating it is to miss out on stocks that appreciate – a big frustration for every serious investor.
This is when a lightbulb went off and Luke asked “What are the common traits of every stock that has gone up 100% or more in four weeks or less?”
A daunting task for sure.
But Luke admits he is crazy enough to spend millions of dollars and years trying to solve one of the greatest mysteries of the financial markets.
So, he set about doing just this by recruiting some of finance's most talented programmers and data scientists, who compiled nearly a decade’s worth of data on 6,000 individual stocks to train their model on.
Thanks to AI, we now can effectively analyze and interpret all that data to our advantage.
This is the promise of Prometheus, using AI to our advantage to consistently score quick one-baggers and possibly much more.
After conducting months of rigorous backtesting, fine-tuning, and millions of dollars invested, the results were in…
As an early example of the model in action, Prometheus predicted RMC Technologies (Nasdaq: RCMT) would surge in price on March 21, 2022, with mathematical precision.
This isn't the only example cited either.
On October 31, Prometheus predicted ClearOne Inc. (Nasdaq: CLRO) had an 83% chance of having a price surge. Almost immediately the stock took off, jumping 212% in just a few weeks.
If this new Prometheus AI is as good as advertised, it could change how millions build wealth through the stock market moving forward.
The Pitch
After a two-year process of developing, training, and testing, Prometheus is 100% ready to go. The proprietary AI system has identified four stocks that could double our money or more and Luke has included their names and ticker symbols in a new report called Four Explosive Stocks to Double your Money in 30 Days.
He says we need to buy these stocks ASAP if we want to capture the full upside, and the only way to do so is by becoming a charter member of his new AI Trader service.
This service will be the home for all of Prometheus’s stock recommendations and alerts moving forward, and a one-time payment of $1,799 will make you a charter member.
Besides the four stocks we need to buy ASAP, the biggest benefit of becoming a founding member is full access to The Trading Room. It is here where Luke will go live every week to tell readers what opportunities the Prometheus AI system has uncovered.
Can AI Predict When A Stock Is About to Surge in Price?
Now that we know a bit about Prometheus' backstory, I'm sure you're dying to know how exactly it finds these explosive stocks.
Let's dive in.
Step One: Define the Outcome
The end goal is to find stocks that go up 100% in 30 days.
You can’t be vague with AI instructions. You have to be specific.
However, while Prometheus set out to find stocks that can climb 100% in four weeks, it has uncovered stocks that climb way higher than 100% because of the law of financial motion. A welcome consequence.
Step Two: Input Data
When it comes to AI you want to give it all the information you can.
That way it can see the connections humans can’t.
The last thing you want to do is set your sights too narrow. So, Luke and his team input data on 6,000 individual stocks. From small and mid-cap stocks to large-caps.
Step 3: Test, Test, Test
Now that Prometheus’s engine is revved up, it's ready for a test drive.
Ultimately, Luke says they ran over 320,000 backtests before finally going live with the model.
Step 4: Real World Trials
Finally, you need to see if the system can stand on its own two feet.
Luke initially launched a service called Breakout Trader, which was the testing ground for Prometheus.
We never reviewed this here at Green Bull, so we'll have to take Luke's word for it that it produced some winning recommendations.
But now with Prometheus up and running, Luke announces that the odds of getting in front of the fastest-moving stocks in the world have been drastically increased.
The Four Explosive Stocks to Double Our Money in 30 Days
Luke teases four different stocks on the verge of explosive gains, with Prometheus scoring all four stocks above 90.
Unfortunately, no details are provided on these “urgent buy” breakout stocks. So instead, I will take a look behind the hood of the Prometheus system to determine if it is worth our time and money.
Virtually Risk-Free AI Trading?
AI trading software and bots are all the rage.
Every big outfit, from Ken Griffin's Citadel hedge fund to the money-center banks, and even ChatGPT is getting in on the AI trading fun.
How does the AI-powered Prometheus algorithmic trading system stack up?
In a separate teaser, I found promoting the system from September, I was able to pinpoint what makes it tick.
Prometheus looks at more than 50 technical and fundamental factors, including stage analysis, to determine the probability that any given stock will soar over the next few weeks.
Simply provide Prometheus with a stock and it spits out the probability that the stock will appreciate. The higher the score, the greater the likelihood of a near-term breakout.
As far as I can tell and I'm no AI trading expert by any means, Prometheus is an elaborate system that falls short when it comes to supplying the most important factor in any automated trading system – real-world backtest results.
By my count, only three stocks are cited as Prometheus recommendations that produced triple-digit gains. RMC Technologies, ClearOne, and Pacific Biosciences of California (Nasdaq: PACB). No month-by-month back-test results are provided, which they no doubt would be if the results were anywhere near average, never mind anything more.
For this reason, I'm out on Prometheus until more comprehensive back-test results are published.
Quick Recap & Conclusion
- Luke Lango is promoting a groundbreaking “Prometheus Project” which promises to give us the ultimate edge over the market by using artificial intelligence.
- Prometheus is an AI program that can pinpoint the moment a stock is about to surge in price with precision by analyzing more than 50 technical and fundamental factors.
- The proprietary AI system has identified four stocks that could double our money or more and Luke has included their names and ticker symbols in a new report called Four Explosive Stocks to Double your Money in 30 Days. It is ours if we become charter members of Luke's new AI Trader service, which takes a one-time payment of $1,799.
- No details are provided on these “urgent buy” breakout stocks, so we took a closer look at the Prometheus system instead.
- Prometheus is comprehensive when it comes to the amount of data it analyzes, but it falls short when it comes to the one thing that really matters – real-world back-test results.
Would you entrust your money to an AI trading system? Let us know in the comments.