TikTokers Are Trading Stocks by Copying What Members of Congress Do
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Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#2And guess what? This following of "smart money" is in fact a self-fulfilling prophecy: after let's say Pelosi/her husband bought some stocks some large group of retail traders jump in and pump the price higher.. It likely has a negligible effect on highly liquid names like AAPL or GOOGL but might cause a significant price move for a smaller/less liquid names
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#3Everybody made huge stock gains in the last year, it was hard work to fuck up in that market. It's not a hint for inside knowledge if you ask me and not a guarantee for future gains to follow another ones portfolio.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#4I'm not a market expert, but... my gut tells me this would have some kind of corrective effect, wouldn't it? Amplifying the inside information, allowing others to capitalize on it, would even out the unfairness of the privileged position in some roundabout way, wouldn't it?
Obviously scaled by the number of people actually doing this, and with how much money
Or- would it have the opposite effect? Would it actually give even more money to the congresspeople?
At the very least it should raise awareness of the problem by amplifying its impact on the market
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#5And guess what? This following of "smart money" is in fact a self-fulfilling prophecy: after let's say Pelosi/her husband bought some stocks some large group of retail traders jump in and pump the price higher.. It likely has a negligible effect on highly liquid names like AAPL or GOOGL but might cause a significant price move for a smaller/less liquid names
And by doing that, we're further enriching members of Congress. We should be taking a mass oath to sell any stock they buy. Then, of course, they'd only invest in potential opponents' corporations. It could turn into a real arms race.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#6Sadly the gap between trades and reporting may eliminate the gain from this otherwise smart strategy.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#7I'm not a market expert, but... my gut tells me this would have some kind of corrective effect, wouldn't it? Amplifying the inside information, allowing others to capitalize on it, would even out the unfairness of the privileged position in some roundabout way, wouldn't it? Obviously scaled by the number of people actually doing this, and with how much money Or- would it have the opposite effect? Would it actually gi…
> I'm not a market expert, but... my gut tells me this would have some kind of corrective effect, wouldn't it? Amplifying the inside information, allowing others to capitalize on it, would even out the unfairness of the privileged position in some roundabout way, wouldn't it?
Wouldn't it just help the Congressmen's portfolios? A bunch of people buying after they do would help drive up the price of their investments.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#8I'm not a market expert, but... my gut tells me this would have some kind of corrective effect, wouldn't it? Amplifying the inside information, allowing others to capitalize on it, would even out the unfairness of the privileged position in some roundabout way, wouldn't it? Obviously scaled by the number of people actually doing this, and with how much money Or- would it have the opposite effect? Would it actually gi…
It would have the opposite effect. If everyone buys stock after you do, you make money because the stock price goes up. I would love it if everyone followed my stock purchases after the fact.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#9Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#10I'm not a market expert, but... my gut tells me this would have some kind of corrective effect, wouldn't it? Amplifying the inside information, allowing others to capitalize on it, would even out the unfairness of the privileged position in some roundabout way, wouldn't it? Obviously scaled by the number of people actually doing this, and with how much money Or- would it have the opposite effect? Would it actually gi…
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