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Show HN: My cofounder and I created a social platform for investment ideas

info.utradea.com

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Re: Show HN: My cofounder and I created a social platform for investment ideas

#101

Post by XCSme »

aqme28 wrote: post #19
101008 wrote: post #3

What's the difference with eToro?

I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.

I use eToro and I like it.

It allows you to automatically copy trades done by the others. So instead of trading $10k yourself, you automatically mirror the trades done by an experienced trader.

The platform allows you to find and follow many top-performing traders (eg. that usually obtain 20%-50% trading profit during a year). So you just "follow" them and you can forget about it. Personally I'm at 50% profit by following only one guy for about 2 years.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#102

Post by XCSme »

XCSme wrote: post #101
aqme28 wrote: post #19

Earlier quoted context omitted.

I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.

I use eToro and I like it. It allows you to automatically copy trades done by the others. So instead of trading $10k yourself, you automatically mirror the trades done by an experienced trader. The platform allows you to find and follow many top-performing traders (eg. that usually obtain 20%-50% trading profit during a year). So you just "follow" them and you can forget about it. Personally I'm at 50% profit by foll…

As a note, this is the guy that I follow, you can see his trading history: https://www.etoro.com/people/jeppekirkbonde/stats

Re: Show HN: My cofounder and I created a social platform for investment ideas

#103

Post by XCSme »

high_byte wrote: post #28
aqme28 wrote: post #19

Earlier quoted context omitted.

I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.

supposedly Facebook for stock market. more like Twitter imo.

No, that's not the gist. The main idea is that you can mirror the trades done by someone, by doing copy-trading. It is a lot better for unexperienced traders to just follow someone that knows what he's doing and let them trade for them.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#104

Post by jdmoreira »

CharlieMunger wrote: post #93
stuartjm5 wrote: post #2

My co-founder and I came up with the idea for Utradea about a year ago when we realized that we loved discussing our investment/stock ideas and process. This expanded within our friend group, at least to people who were interested in the stock market. We thought it would be great to have a platform where we could have social interactions and combine it with core investment information/data. We didn’t like having to u…

What's wrong with Reddit? For example, the Hardcore Berkshire Hathaway subreddit: https://old.reddit.com/r/brkb/ That's discussion and news, with dozens of value investor moderators and thousands of members. The guy who runs it is a legend (u/100_PERCENT_BRKB). Reddit has great investment communities.

Hello Charlie, I'm a huge fan! (Yes, I know are not the real Charles)

Could you recommend me other good subreddits for a graham / fisher / warren / charlie style of valuing securities and investment?

Re: Show HN: My cofounder and I created a social platform for investment ideas

#105

Post by 55555 »

jacobsenscott wrote: post #94
55555 wrote: post #64

Earlier quoted context omitted.

No. It beats active traders most of the time. Many active traders vastly outperform it -- by over 2X before compounding -- over 20+ year periods, and not by luck. julian robertson, warren buffet, and ~100 of their proteges, as examples. Basically anytime a new understanding of markets which introduces the potential for profit is developed, there's a period of at least a decade or two when small funds can generate ext…

If you beat the market it is by luck. If there was a system everyone would use it, and then that would be the market.

Your belief is the basic reddit tier intelligent belief: Bogglehead, Vanguard, blahblah. I used to believe what you believed too.

Please reread your comment and realize that it also disproves the ability to make money in business (ie non financial markets) consistently other than thru luck and that the efficient market theory is a hypothetical never-reached endstate.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#106

Post by DavidMcDoughnut »

jsomau wrote: post #29

This new wave of social investment platforms is really exciting. Stocktwits is just noise. I'm still shocked Twitter hasn't capitalized on cashtags by at least showing market data. I've recently been a big fan of Commonstock: https://commonstock.com/ it actually allows you to link your broker through Plaid and shows a leaderboard based on actual % gain on positions. That said, I like you bringing more competition to…

Thanks for the shoutout! (I'm David the Commonstock founder). We're sprinting to finish some things to improve content algos and sorting before we grow so it's very cool to see you and @joadha call out the value of that and to stay disciplined focusing on quality over quantity. It's actually the exact reason I started building it as a side project in 2016: I wanted a community for signal instead of noise. The original pitch deck said, verbatim: "stocktwits/reddit/twitter but without all the noise/garbage".

Anyways, Thanks for the kind words! (I'm all for more competition too, btw)

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