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I just launched on Saturday and have already had more than 10,000 trades "executed". Your comments are much appreciated. (Note: if you think reading stock chart

I just launched on Saturday and have already had more than 10,000 trades "executed". Your comments are much appreciated. (Note: if you think reading stock charts is a bunch of crackpot hooey, feel free to flame.)

Prrometheus 19y ago
I do think that reading stock charts is a bunch of hooey, but I will withhold from flaming. If you could expand this site to allow people an easy web 2.0 method of back-testing alternative trading strategies (or even just portfolios), it would make me happy.
- Flemlord 19y ago
  Try TradeStation.com.
bayleo 19y ago
Where are EPS and Beta? I'd love to see them added to the app.
snorkel 19y ago
Very cool. It's sort of Hot or Not for stocks. I would suggest showing just a small summary and graph of previous trade below the current total so you can get rid of the New Trade button and have the Buy/Skip/Sell buttons and chart for the next stock imediately available on the result page. That way users can just click Buy/Sell/Skip to move from page to page.
mdemare 19y ago
Reading stock charts is a bunch of crackpot hooey. I'm nr. 2 on your site with my highly sophisticated "always buy" strategy. However, it might be an excellent tool to help technical analysts (gamblers) discover their own lack of skill. I like your execution - it is indeed addictive.
- hugh 19y ago
  I'm no expert, but it seems to me that reading stock charts is just a particularly unsophisticated form of statistical arbitrage, and that it _might_ work provided that nobody else in the world is doing it. Real statistical arbitrage firms, as I understand it, work by looking at the historical variation in thousands of asset prices at once, putting them into an enormous covariance matrix, and using dozens of very smart mathematicians and millions of CPU hours to figure out which assets are likely to be currently underpriced. That's how folks like Renaissance Technologies got rich. Unfortunately, as soon as the secret got out, other folks started doing it as well, and pretty soon the mispricing of assets got smaller and smaller, so they're in an arms race to find more and more sophisticated algorithms. So I guess the point is that if mispriced assets are that hard to find when you have a hundred PhDs and a supercomputer, you're not likely to do very well just by looking at whether a squiggly line is currently above or below its recent average. All the easy money has already been vacuumed up.
omnipath 19y ago
Stock charts, by itself without a history of what is being traded, is a bunch of hooey. Data without context is worthless. Even though 2 different charts look the same, the reasons may be different. One could be because a company is doing so well that they are constantly running out of stock (Nintendo) versus another company who's just had their 4th lead paint recall (Toy's R Us).

Prrometheus 19y ago

I do think that reading stock charts is a bunch of hooey, but I will withhold from flaming. If you could expand this site to allow people an easy web 2.0 method of back-testing alternative trading strategies (or even just portfolios), it would make me happy.

Flemlord 19y ago
Try TradeStation.com.

bayleo 19y ago

Where are EPS and Beta? I'd love to see them added to the app.

snorkel 19y ago

Very cool. It's sort of Hot or Not for stocks. I would suggest showing just a small summary and graph of previous trade below the current total so you can get rid of the New Trade button and have the Buy/Skip/Sell buttons and chart for the next stock imediately available on the result page. That way users can just click Buy/Sell/Skip to move from page to page.

mdemare 19y ago

Reading stock charts is a bunch of crackpot hooey. I'm nr. 2 on your site with my highly sophisticated "always buy" strategy. However, it might be an excellent tool to help technical analysts (gamblers) discover their own lack of skill. I like your execution - it is indeed addictive.

hugh 19y ago
I'm no expert, but it seems to me that reading stock charts is just a particularly unsophisticated form of statistical arbitrage, and that it _might_ work provided that nobody else in the world is doing it. Real statistical arbitrage firms, as I understand it, work by looking at the historical variation in thousands of asset prices at once, putting them into an enormous covariance matrix, and using dozens of very smart mathematicians and millions of CPU hours to figure out which assets are likely to be currently underpriced. That's how folks like Renaissance Technologies got rich. Unfortunately, as soon as the secret got out, other folks started doing it as well, and pretty soon the mispricing of assets got smaller and smaller, so they're in an arms race to find more and more sophisticated algorithms. So I guess the point is that if mispriced assets are that hard to find when you have a hundred PhDs and a supercomputer, you're not likely to do very well just by looking at whether a squiggly line is currently above or below its recent average. All the easy money has already been vacuumed up.

omnipath 19y ago

Stock charts, by itself without a history of what is being traded, is a bunch of hooey. Data without context is worthless. Even though 2 different charts look the same, the reasons may be different. One could be because a company is doing so well that they are constantly running out of stock (Nintendo) versus another company who's just had their 4th lead paint recall (Toy's R Us).