Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
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Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#2Built my first "real" webapp to help retail traders figure out whether to trust the people posting trading ideas on Reddit. It links each post to its performance and lets you see the prior trading ideas suggested by each person.
Not much of a developer but I've got several years of experience in the quant finance industry. Seeing people talk about plowing their rent money into an idea when the ideas are hardly financially sound was really frustrating. At the end of the day, it was my non-technical friends and people like them being sucked into these pump and dump schemes.
Happy to get any feedback. Here's an example page if you're not sure what to click:
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#3Whats the time scale you are looking at to estimate accuracy? It seems to be real/near real time which can skew things from what idea turned out to be right to what idea got the biggest amount of suckers to buy into a pump and dump scheme since the stonks/wsb subreddits now have enough members to push the needle especially on relatively low trade volume securities and stocks.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#4Fun tool. Thanks for putting it together.
It's interesting to crawl through some of the entries from leaderboard people. It seems like most of their bets are neutral or slightly random, but then they'll be propped up with a lucky call on GME from January or some other single-stock pick.
For example, this poster apparently just spammed GME posts during the run-up and got lucky, but if you followed their other calls (REAL and AI) you'd be deep in the red. Their GME spam puts them in the top 3 medium traders with a 236% 1-month return, but everything else they've posted has performed terribly: https://duedilly.io/trader/r.Ottikarottiii/
It would almost be more helpful if there was an option to subtract out the well-known meme stocks like GME. Some of these leaderboard entries have not so great results for their own calls, but they happened to post about GME at just the right time to dominate their average.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#5Cool website. Percentage is a good place to start, but if you want to get closer to the alpha of a given idea, dividing the percentage return by its beta to the benchmark, then subtracting the return of the benchmark over the same period will get you closer.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#6Fun tool. Thanks for putting it together. It's interesting to crawl through some of the entries from leaderboard people. It seems like most of their bets are neutral or slightly random, but then they'll be propped up with a lucky call on GME from January or some other single-stock pick. For example, this poster apparently just spammed GME posts during the run-up and got lucky, but if you followed their other calls (R…
I'd say that's how most people outperform, they get a lucky break with a stock that goes x10 or something.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#7This was really fun to browse! Consider adding a section for “worst traders” and “worst stocks” just for fun.
For example, CLOV is a wsb matador.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#8Mēh
So long as you only use money to loose, never use margin...
Trading stocks is not a way to make money. Want to make money? Invest in yourself and work for it.
Stocks can be a part of your portfolio - but do not take investment advice from Hacker News commenters!
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#9Does the r. in front of everyone's name stand for Robot?
This is cool. If you follow /r/wsb, you know half the damn sub has the idea to create this site once a week. But you actually did it. Great work.
Re: Show HN: Duedilly.io – Accuracy of Reddit Trading Ideas
#10Maybe this isn't ideal for the homepage
> Okay Retards, I will make this long because apparently you Apes seem to like long posts, even when a YOLO opportunity like this
But what do I know, I'm just a triggered liberal.
Edit: I understand how they use the "r" word on WSB as it's been in the mainstream news for a year. I'm saying that it reflects poorly on a business, signaling that it failed due diligence, on there homepage of all places.