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Interesting social experiment that feels like it has the unethical potential to super-charge pump and dump schemes by lending credence to social media trading i
by challenger-derp 5y ago
Interesting social experiment that feels like it has the unethical potential to super-charge pump and dump schemes by lending credence to social media trading ideas and aggregating the information in one place. Inexperienced investors/traders browsing this website might get the impression that it's indeed profitable to be "part of the pump".
Perhaps consider going further back in time, before GME. GME-like events have occurred, but to a smaller extent, prior to GME.
Perhaps consider including posts of people who lost money buying at the top. Few posts are of this nature, but they occur when previously popular tickers dip.
Perhaps include past trader performance. Having been on r/WSB years prior to GME, I've noticed that the _active_ community tends to be made of newly joined users. r/WSB has a huge subscriber base (reddit accounts who have "joined" the subreddit) but far fewer daily active users. Pulled these numbers in the past in an attempt to see if mentions of a stock ticker could fortell a stock's rise (effectively a forward indicator of a pump). Unfortunately, mentions lag the movement. Mentions also lag the eventual rapid dip (so you can't rely on the dip in the mentioned popularity of the stock to sell prior to the dip).
- duedillyio 5y agoThanks! For sure, having more history helps put things in context. There's several stocks you can see now where tons of people have bought after the top and lost a lot. Here's an example: https://duedilly.io/asset/BABA/ https://duedilly.io/asset/BABA/ I've noticed something similar with mentions being a poor leading indicator. Anyone can submit any reddit post to the site so hoping with exposure these older traders can submit those older posts as well, as it helps corroborate their track record.