111–120 of 196 posts
Everybody 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.
It was actually pretty easy. Just sell after it dropped 15% and then wait for it to drop another 10%.
I built something (DueDilly) that works in a similar way by monitoring the performance of Reddit user's stock recommendation and tracking how each idea performs and which users do well. You can choose to trade alongside them based on their track records.
My site: https://duedilly.io/
Previous Discussion in my Show HN: https://news.ycombinator.com/item?id=28244744
There are various academic papers that also discuss it like: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3873884
Earlier quoted context omitted.
Yeah, it's even big market. "Successful" traders start paid newletters with stock alerts so people can follow their trades.
Thats just a "legal scam" and you know because if they would actually be successful trading they would not bother selling newsletters.
Trader A buys a 50,000 person email list.
Sends 25,000 an alert that XYZ is going through the roof
Sends 25,000 an alert that XYZ is going through the floor
If XYZ stays flat, he repeats the process a bit later.
Whichever side loses is eliminated.
He repeats the process with 12,500 on each side of the position (more because presumably more people will sign up for his "picks") and you keep going from there.
Earlier quoted context omitted.
Ehh, Nancy Pelosi beats most hedge fund managers consistently year over year. https://unusualwhales.com/i_am_the_senate/pelosi
* Nancy Pelosi's husband, Paul Not saying she didn't give him info, but she didn't do the actual trades. He's an investment manager. > Paul Pelosi, investment manager and the husband of House Speaker Nancy Pelosi, purchased up to $11 million worth of mega-cap tech stocks in May and June, according to a financial disclosure form filed last week. https://markets.businessinsider.com/news/stocks/nancy-pelosi...
This is unlikely to work because of the timing delay. Suppose a member of Congress has access to inside information and trades on it. They have 45 days to disclose the trade. By the time the trade is disclosed, the market has already moved: if Pelosi or McConnell or whoever bought low so they could sell high, a month later the increase is probably already baked in.
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? 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…
This is a bit like a popular hedge fund strategy known as alpha capture. In the alpha capture strategy, funds look at the buy/sell recommendations made by analysts (for example those at the major banks). Applying a systematic approach means that they can measure the accuracy of each individual analyst and choose whether or not to follow along by trading the advice from that person. The best analysts eventually get hi…
Front-running is nothing new, this is simply a game of follow-the-leader where copying a group's investment strategy is done until larger players learn to frontrun or adversarially trade against the aforementioned frontrunners entering in. For example, a scanner may pick up an SEC filing published at 4:01 PM saying that the CEO, CFO, and CIO all purchased shares in their company, and traders would buy shares aftermar…
If you want to label it, it's more 'pump and dump' than front-running isn't it? I understand the latter to be broker (or whoever) trading with knowledge of, ahead of in time, in front of, other orders? I.e. exactly the opposite of 'follow-the-leader'
Earlier quoted context omitted.
* Nancy Pelosi's husband, Paul Not saying she didn't give him info, but she didn't do the actual trades. He's an investment manager. > Paul Pelosi, investment manager and the husband of House Speaker Nancy Pelosi, purchased up to $11 million worth of mega-cap tech stocks in May and June, according to a financial disclosure form filed last week. https://markets.businessinsider.com/news/stocks/nancy-pelosi...
He has magical superpowers and just happens to be the husband of a policy maker that drives trillions in government spending.
Also, consider that a lot of what hedge funds offer is bespoke risk profiles to high net wealth individuals that are overexposed to particular market sectors.
> "I'm at the point where if you can't beat them, join them," Josephs told NPR I simultaneously love and hate that statement.
https://spectatorworld.com/topic/corruption-for-everybody-sl...