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Trading bot that buys stocks bought by politicians is up 20% since May 2022
51–60 of 150 posts
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#52Radical proposal: Rather than trying to police leakage of insider information, level the playing field for both politicians and fed employees by creating a dozen or so national mutual funds of at least 1,000 equity positions each that intend to model the US economy as a whole. Anyone can invest in them, but all US Federal employees and immediate family members are required to liquidate all other positions and hold on…
Wouldn't that just incentive those people to always favor the items in that fund, therefore providing an advantage to anything that makes in on the fund?
Given two competitors in a market, what if the existing but inefficient one is in the fund but the new one that is trying to shake thing up and/or do a better job is not? You might see a lot more protectionism, and not just against companies of other nations, but against our own new best companies.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#53It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO
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Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#54Earlier quoted context omitted.
Completely unrelated by I just wondered if GP knew that “@“ doesn’t have any functionality but used as a sort of etiquette symbol.
I figure most people on HN know that @dang doesn't do anything and it's shorthand for "dang, if you happen to be reading this, [...]".
But... how do we know that @dang doesn't do anything?
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#55Taking 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 th…
this guy posts on tiktok, Instagram, etc... two times a day. just sell a service that buys stocks based on monthbold data about senators disclosure forms but he sells it like he has some special information.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#56This is my tweet, thanks for sharing! If anyone is interested, I built a dashboard that tracks the performance of individual congressional stock trades here: https://www.quiverquant.com/congresstrading/ It also allows you to search for trades by stock, instead of needing to parse through thousands of disclosure forms. I do want to mention one weakness of my data, which is that I don't currently parse hand-filed discl…
Pass it into chatgtp see what it comes up with.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#57Taking 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 th…
tweet is no longer a trademark?
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#58It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO
And if you bought it a few days later (on June 13, 2022) you would be up 20.5% today even without dividend reinvestment. Trying to derive meaning from stock returns over such short periods is meaningless due to the inherent volatility of the market.
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#59I still don’t understand why elected officials trading on non public information can’t be considered a intelligence breach
Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022
#60Earlier quoted context omitted.
There are significantly better options here, e.g. by moving assets into a blind trust while in office.
Do blind trusts really work? I mean, with the amount of corruption, would it not be possible to get all info from the trust and give decisions, one way or the other?
I'm a big supporter of a forced liquidation, without tax penalties, of all positions upon winning federal election. That would of course dramatically limit the people who pursue public office to you know, only virtuous people who are willing to selflessly sacrifice themselves for the public good.
Those people do exist, we've just configured our electoral system in every way to discourage such admirable behavior.
It doesn't have to be full of opportunistic palm greasing scoundrels, we've just set it up that way.