Wevest connects people to invest together and smarter. It allows you to replicate trades made by experts so people can skip the whole trial and error in the stock market. Once you attach your assets to an expert, it is all automated from there. When the trader you follow sells, you sell, all in real time.
Unlike betterment, where they focus on long - term growth and competes with banks and mutual funds, our competitive edge goes by giving tools for a more aggressive investing approach by leveraging expertise of others.
Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
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Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#2etoro?
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#3etoro?
Etoro you are able to see other portfolios, through payment. We are also mobile first and we use machine learning to develop a system that eases mirror trading and creates a better experience for these novice traders
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#4This is an interesting idea - a few questions that come to mind:
How do you plan to acquire your trading data? Public filings? Experts voluntarily sharing their portfolios?
What type of experts do you envision being on your platform? Jim Cramer type CNBC personalities? Hedge fund managers?
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#5This is an interesting idea - a few questions that come to mind: How do you plan to acquire your trading data? Public filings? Experts voluntarily sharing their portfolios? What type of experts do you envision being on your platform? Jim Cramer type CNBC personalities? Hedge fund managers?
We plan on using Tradier brokerage with the Tradier api.
In terms of envisioning, it would be more Jim Cramer type that would be more interested in this over Hedge Fund Managers, in an honest opinion.
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#6I can see that there might be demand for this, although I would not recommend this app to my friends so that's a bad sign. I fear that casual people trade stocks for certain reasons - only one of which is to make money. In particular, I think a lot of people trade stocks because they have certain hypotheses about the world / markets and they want to test them out or be able to talk about them. Even people who invest in index funds have strong beliefs about which index funds are best. I guess you can tap into the "which managers are best", kind of, but it doesn't seem as appealing for some reason.
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#7What prevents Wevest from being used by trade experts as a way to scam people? It would be like giving these pump and dump people access to your Ameritrade account. They will have 2 accounts. Their real account and their Wevest account. Buy a stock for $1 with real account then use their we vest account to but the same stock. The price will go up. Then sell the stock in the real account.
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#8Modern online brokers already have the option to "mirror" another trader's trades (i.e. I say "I want to copy this person" and I make every trade they do, at the same time). How will you compete with these?
Re: Apply HN: Wevest – Replicate Trades Experts Make to Increase Success in Stocks
#9Modern online brokers already have the option to "mirror" another trader's trades (i.e. I say "I want to copy this person" and I make every trade they do, at the same time). How will you compete with these?
Doesn't Instavest (YC funded) do the exact same thing?