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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

#141

Post by specialist »

davidgay wrote: post #113
SoftTalker wrote: post #107

Earlier quoted context omitted.

If you’re holding elected office or have other regulatory/lawmaking powers you should only be permitted to hold index funds, or preferably you should have to move all your investments into a blind trust. Then there’s little chance you’re benefiting personally from inside info

Down this path is the requirement that politicians be independently wealthy, so that we can require them to earn no money and take no money-related actions, as those all risk corruption. Is that really what you want?

Alternately, strengthen democracy: roll back the clock on money-as-speech, restore fairness doctrine, make publicly financed campaigns the norm, implement RCV (executives) & PR (assemblies), etc, etc.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#142

Post by adamckay »

hyperhopper wrote: post #26
adamckay wrote: post #9

Earlier quoted context omitted.

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?

Why in the world would somebody be complaining about the first one? Obviously the second one is a long standing, often talked about issue and is what they mean. Don't play dumb.

I'm asking for clarification because whilst there's a strong argument that politicians are performing insider trading (which as you say is widely regarded as something that should be stopped), if an amateur can copy those trades and make a 20% profit on them, what's stopping hedge funds from doing the same and millions or billions from what is basically second-degree insider trading?

I was asking if they are also suggesting that this second-degree insider trading be stopped somehow?

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#143

Post by fennecfoxy »

davidgay wrote: post #113
SoftTalker wrote: post #107

Earlier quoted context omitted.

If you’re holding elected office or have other regulatory/lawmaking powers you should only be permitted to hold index funds, or preferably you should have to move all your investments into a blind trust. Then there’s little chance you’re benefiting personally from inside info

Down this path is the requirement that politicians be independently wealthy, so that we can require them to earn no money and take no money-related actions, as those all risk corruption. Is that really what you want?

Politicians should be all tax paid. There should be some entry requirements based on skills and abilities rather than connections/tenure/etc same as everything else.

Campaigns should be paid for with tax money with a strict limit for every candidate and harsh penalties for any under the table bullshit.

Corporations that would nominally donate can just not. And we can fucking tax them appropriately and stop them and their C levels tax dodging at every available opportunity.

The way things are at the moment, democracy is really just a corporation/business, isn't it? Pretty sure all of this is driven by apathy though, the average voter doesn't really care enough about these issues + humans are too easy to manipulate into race/class/etc wars to divide voters and distract them from thinking about the real issues - but the only reason they're so easy to distract is because we're all so self serving; people don't care so long as they can vote for the "team" that says they hate the people they hate.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#144

Post by chownie »

kristopolous wrote: post #139
chownie wrote: post #135

Earlier quoted context omitted.

Always fun to scroll hn and get some drive-by ableism. The majority of autistic people aren't in full time work, they probably don't resemble that remark.

Of course not. There's a really big difference here. On the one hand, asd people are everywhere including in positions of power. However, if you had a system which, by design, considers a subsection of asd people as the only ones qualified to hold power, you would be missing out on the contributions of everyone else which we should be including, you know, as a virtue of democracy. To circle back around, the premise t…

> On the one hand, asd people are everywhere including in positions of power.

Are they?

Forgive the suspicion, it's just aside from Zuckerberg and Musk the rest of the list you specifically named in the GP comment aren't on the autism spectrum, so I'm finding this line of reasoning a little dubious.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#145

Post by hn1986 »

Rebelgecko wrote: post #80
danuker wrote: post #35

Earlier quoted context omitted.

Looks like VFINX returned 8.8% since 2022-05-01. How did you get to 18%? https://totalrealreturns.com/n/VFINX,VBMFX,USDOLLAR?start=20...

I cherrypicked a day in May 2022 from here that gave something like 14% growth ( https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC ), and IIRC the dividends is like 2% annually Edit: tweaking your link to May 11 gets it up to 14.8%, and I'm not sure if it's just using the opening price or the lowest of the day

why would you cherry pick a diff day when it should be May 1st?

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#147

Post by joshspankit »

withinboredom wrote: post #129
joshspankit wrote: post #68

Earlier quoted context omitted.

Now that it’s multimodal you can pass it the photo and it will probably output whatever data you want.

Heh, yeah, whatever you want indeed. I wouldn't trust it... https://www.youtube.com/watch?v=A1QzVQn8hH8

I mean, never trust any OCR

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#148

Post by hyperhopper »

adamckay wrote: post #142
hyperhopper wrote: post #26

Earlier quoted context omitted.

Why in the world would somebody be complaining about the first one? Obviously the second one is a long standing, often talked about issue and is what they mean. Don't play dumb.

I'm asking for clarification because whilst there's a strong argument that politicians are performing insider trading (which as you say is widely regarded as something that should be stopped), if an amateur can copy those trades and make a 20% profit on them, what's stopping hedge funds from doing the same and millions or billions from what is basically second-degree insider trading? I was asking if they are also sug…

1. Are you saying something is wrong with amateurs making 20%?

2. If an amateur could do it, hedge funds, HFT firms, etc have definitely been doing it for longer than them and have taken away and arbitrage opportunities.

3. It very likely might be that the one month lead that the politicians have make their trades profitable, while anybody copying them will be unprofitable due to those same politicians decisions

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#149

Post by danuker »

hn1986 wrote: post #145
Rebelgecko wrote: post #80

Earlier quoted context omitted.

I cherrypicked a day in May 2022 from here that gave something like 14% growth ( https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC ), and IIRC the dividends is like 2% annually Edit: tweaking your link to May 11 gets it up to 14.8%, and I'm not sure if it's just using the opening price or the lowest of the day

why would you cherry pick a diff day when it should be May 1st?

maybe it was "steel manning": pick a particularly hard-to-beat baseline

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#150

Post by lobocinza »

fennecfoxy wrote: post #143
davidgay wrote: post #113

Earlier quoted context omitted.

Down this path is the requirement that politicians be independently wealthy, so that we can require them to earn no money and take no money-related actions, as those all risk corruption. Is that really what you want?

Politicians should be all tax paid. There should be some entry requirements based on skills and abilities rather than connections/tenure/etc same as everything else. Campaigns should be paid for with tax money with a strict limit for every candidate and harsh penalties for any under the table bullshit. Corporations that would nominally donate can just not. And we can fucking tax them appropriately and stop them and t…

> Campaigns should be paid for with tax money with a strict limit for every candidate and harsh penalties for any under the table bullshit.

> Corporations that would nominally donate can just not.

In Brazil campaigns are funded with taxpayer money, there are very strict rules for donations to election campaigns and donations from corporations aren't allowed. This is the theory but for real nobody gives a damn about the rules, corporations donate outrageous amounts behind the scenes and politicians do whatever they want. It is a clown show.

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