Trading bot that buys stocks bought by politicians is up 20% since May 2022
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Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#2@dang, can you change the display for (threads.net) to be like twitter, where it shows the username to the right of the post title?
For example, threads.net/@quiverquantitative
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#3One year is nothing, let's see how it does over 20 years and 50 years.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#4Is there a legitimate argument for keeping this legal and not pursuing an expansion of existing insider trading laws? The incentives here are horrifically backwards.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#5Taking the poster by their word they do a good job highlighting the delta between a politician's transaction and their disclosure of the transaction which seems to have about a month delay.
I personally really really struggle to trust the data represented in these tweets (err threads?) after the barrage of day-trade influencers we've seen in the last few years.
Would be interested to see a peer-reviewed version of this experiment...
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#6Is there a legitimate argument for keeping this legal and not pursuing an expansion of existing insider trading laws? The incentives here are horrifically backwards.
Because the people in charge of changing it are getting rich.
Why would they change it?
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#7One year is nothing, let's see how it does over 20 years and 50 years.
Maybe there is years of data available on that?
If so, someone should do an analysis of how much politicians pocketed since then.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#8I’ve looked into this- basically when the congress member purchases or sell stock they have a month or so before they have to report it. It makes live trading impossible. But it is interesting to go back and see who knew what , when.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#9Is there a legitimate argument for keeping this legal and not pursuing an expansion of existing insider trading laws? The incentives here are horrifically backwards.
Can you clarify what you mean by "this"? Being able to copy the trades of politicians or politicians making trades that are almost instantly profitable?
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#10I’ve looked into this- basically when the congress member purchases or sell stock they have a month or so before they have to report it. It makes live trading impossible. But it is interesting to go back and see who knew what , when.
Do they have to report the actual day of the trade? It seems possible to backtest their trades too.