It would be interesting to hand pick one or two senators who seem to outperform anyone else and mirror their trades too.
aren't their trades a lagging indicator anyhow? it just shows what they've already done so it doesn't seem like it would be helpful
My idea was that somebody might make trades ahead of time with insider knowledge, so mirroring those still might get you in on it. I don’t know how delayed the data is, but knowing how slowly politics move it could work.
right but that falls in line with the fact that you would have to know what theyre buying at the exact time theyre buying it. and this data is realized money when all trades had already been made and profited from. politics moving slowly has nothing to do with buying up shares via e-trade or fidelity and it happening instantly
We're not planning on doing anything right now related to that. But long term when we have some more time it'd definitely be more doable using a service like Alpaca
would need to consider the lag in time between them making the trade for themselves and the them disclosing it. I expect that would probably wipe out most of the alpha.