4 ms·

Thanks you very much. I started to learn webdev a couple of months ago and I thought "learning by doing" so I started to code this website for fun and as a new

Thanks you very much. I started to learn webdev a couple of months ago and I thought "learning by doing" so I started to code this website for fun and as a new challenge for me to learn new skillsets. The endgame of the site would be to help the poor/middle class in the stock market to actually make some profitable trades with the help of simple signals backed by statistics. A nice community where we can laugh and share our gains and losses. A community where the big hedge funds would be scared of because of the power of the 99 % :D. Thats the whole motivation of my journey

jairuhme 3y ago
> help the poor/middle class in the stock market to actually make some profitable trades This is great spirit, but the lower class would probably be better suited for simple index funds. Not that they don't deserve the possibility of higher returns from individual stocks, but it takes quite a bit of time doing proper research to find alpha. It would be a better use of time earning more money or learning about general personal financial management than trying to find the next Apple for a couple hundred dollar investment.
- stocknear 3y ago
  > This is great spirit, but the lower class would probably be better suited for simple index funds. I fully understand you. However, I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation, there must be some way to stop it. Maybe AGI? In the meantime I will do everything I can to serve the poor/middle class to survive on better terms during these hard times.
  - HenryBemis 3y ago
    It's not about an AGI solution. Keep in mind if I have access to the _good-AGI_ then Bill Gates will have access to the _better-AGI_ and will always outperform me. For us, the little people, as the parent suggested, spreading our investments to some decent (YMMV/AFAIK) mutual funds will ''''guarantee'''' that desired 13-15-17% growth per year. I never make it a race against someone else, I only look at the clock and the years till I retire.
  - traceroute66 3y ago
    > I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation You are digging yourself rapidly into a hole, please stop digging. The rich manage their money through capital preservation, investing for income not aggressive growth. Meanwhile you are promoting an aggressive growth strategy to the very people who cannot afford it. It will only end in tears. "Never invest more than you can afford to loose" - the very first rule in the book. Yes, of course I agree the poor need to move higher up the ladder. But aggressive, high-risk growth punting on the stockmarkets is NOT the way to do it. Higher minimum wage, ending zero-hours contracts etc. .... that is the way to do it.
    - _gsav 3y ago
      My goal was never an aggressive growth strategy. I am sure I never mentioned this once on my website. Rather I encourage my users to do due diligence for each of their stocks. And in this journey my website [name redacted] comes into the play where I provide high accuracy, free information to the public
      - traceroute66 3y ago
        > My goal was never an aggressive growth strategy. I am sure I never mentioned this once on my website. Strongly implied given your defined target market. "poor/middle class" combined with "AI magically generating buy signals" is only going to lead to one thing, people who cannot afford to take risks blindly following an AI bot that is highly-likely to be wrong. You really need to ramp up the due-diligence messaging on your website. And you also need to ramp up the "bot is unlikely to be right" messaging too. I wish you well on your endeavor, I'm just cautioning you against overselling the skills of a bot that you've just thrown a kitchen sink of data at in the hope that something sticks.
traceroute66 3y ago
> help the poor/middle class in the stock market to actually make some profitable trades with the help of simple signals backed by statistic The poor/middle class are more likely to be pissed off at you when they discover, like you will, that throwing a kitchen-sink full of data at an algorithm is no substitute for hard manual work researching stocks. You're not the first to have this amazing idea, you won't be the last. AI stock-selection is the new TA, back in the 90's everyone thought TA was the best thing since sliced bread and reading tea-leaves on a chart would magically give you the right selections. Throwing AI is simply nothing more than that. I've seen the $$$$ commercial versions of what you're offering, they're all as bad as each other. Hell, the financial vendors (Bloomberg etc.) give such functionality away free with a subscription because they know its a marketing gimmick that nobody uses seriously. Researching stocks is hard work. You need to know the company, you need to know the sector. And that's before we start taking individual elements into account such as whether the investment is even appropriate for the individual, for example one of your "poor/middle class" would be making a grave mistake by "investing" in some illiquid penny stock even if your AI algorithm was insisting it was the next big thing. That's the problem with AI. Its very good at sounding very confident about stuff whilst being completely wrong at the same time.
- _gsav 3y ago
  I strongly agree with you. I too believe that most AI results are false and only works in a optimal environment such as the stock is always liquid and the bid-ask spread is close to none. Nevertheless, I give my best to make this signals as reliable as possible. I strongly encourage everyone to make their homework. I provide all the most important fundamental data for each stock, e.g. income, balance-sheet, cash-flow. See here for more [link redacted]

jairuhme 3y ago

> help the poor/middle class in the stock market to actually make some profitable trades This is great spirit, but the lower class would probably be better suited for simple index funds. Not that they don't deserve the possibility of higher returns from individual stocks, but it takes quite a bit of time doing proper research to find alpha. It would be a better use of time earning more money or learning about general personal financial management than trying to find the next Apple for a couple hundred dollar investment.

stocknear 3y ago
> This is great spirit, but the lower class would probably be better suited for simple index funds. I fully understand you. However, I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation, there must be some way to stop it. Maybe AGI? In the meantime I will do everything I can to serve the poor/middle class to survive on better terms during these hard times.
- HenryBemis 3y ago
  It's not about an AGI solution. Keep in mind if I have access to the _good-AGI_ then Bill Gates will have access to the _better-AGI_ and will always outperform me. For us, the little people, as the parent suggested, spreading our investments to some decent (YMMV/AFAIK) mutual funds will ''''guarantee'''' that desired 13-15-17% growth per year. I never make it a race against someone else, I only look at the clock and the years till I retire.
- traceroute66 3y ago
  > I strongly believe to beat the system where the rich people are flourishing too much and the poor are getting poorer everyday due to inflation You are digging yourself rapidly into a hole, please stop digging. The rich manage their money through capital preservation, investing for income not aggressive growth. Meanwhile you are promoting an aggressive growth strategy to the very people who cannot afford it. It will only end in tears. "Never invest more than you can afford to loose" - the very first rule in the book. Yes, of course I agree the poor need to move higher up the ladder. But aggressive, high-risk growth punting on the stockmarkets is NOT the way to do it. Higher minimum wage, ending zero-hours contracts etc. .... that is the way to do it.
  - _gsav 3y ago
    My goal was never an aggressive growth strategy. I am sure I never mentioned this once on my website. Rather I encourage my users to do due diligence for each of their stocks. And in this journey my website [name redacted] comes into the play where I provide high accuracy, free information to the public
    - traceroute66 3y ago
      > My goal was never an aggressive growth strategy. I am sure I never mentioned this once on my website. Strongly implied given your defined target market. "poor/middle class" combined with "AI magically generating buy signals" is only going to lead to one thing, people who cannot afford to take risks blindly following an AI bot that is highly-likely to be wrong. You really need to ramp up the due-diligence messaging on your website. And you also need to ramp up the "bot is unlikely to be right" messaging too. I wish you well on your endeavor, I'm just cautioning you against overselling the skills of a bot that you've just thrown a kitchen sink of data at in the hope that something sticks.

traceroute66 3y ago

> help the poor/middle class in the stock market to actually make some profitable trades with the help of simple signals backed by statistic The poor/middle class are more likely to be pissed off at you when they discover, like you will, that throwing a kitchen-sink full of data at an algorithm is no substitute for hard manual work researching stocks. You're not the first to have this amazing idea, you won't be the last. AI stock-selection is the new TA, back in the 90's everyone thought TA was the best thing since sliced bread and reading tea-leaves on a chart would magically give you the right selections. Throwing AI is simply nothing more than that. I've seen the $$$$ commercial versions of what you're offering, they're all as bad as each other. Hell, the financial vendors (Bloomberg etc.) give such functionality away free with a subscription because they know its a marketing gimmick that nobody uses seriously. Researching stocks is hard work. You need to know the company, you need to know the sector. And that's before we start taking individual elements into account such as whether the investment is even appropriate for the individual, for example one of your "poor/middle class" would be making a grave mistake by "investing" in some illiquid penny stock even if your AI algorithm was insisting it was the next big thing. That's the problem with AI. Its very good at sounding very confident about stuff whilst being completely wrong at the same time.

_gsav 3y ago
I strongly agree with you. I too believe that most AI results are false and only works in a optimal environment such as the stock is always liquid and the bid-ask spread is close to none. Nevertheless, I give my best to make this signals as reliable as possible. I strongly encourage everyone to make their homework. I provide all the most important fundamental data for each stock, e.g. income, balance-sheet, cash-flow. See here for more [link redacted]