Comment by vthallam | Hacker News Reader

Comment by vthallam | Hacker News Reader

Some more context on this project:

Like most I guess, I definitely felt a lot of FOMO when I see news about stocks that went up by 100% and option traders who are making a lot of money, I personally know a few.

I didn't like how I am getting to know about these trades, until they are on the top. Stocktwits and few other websites do some good work in signal boosting, up and coming stocks, but sometimes the volume is too low for people to pick it up.

Reddit has been a great community for all things financial, so I turned to the OG community, r/wallstreetbets to see what are they talking about and make a real time leaderboard out of it.

I am using a plain string matching(using a Trie of all stock tickers) with some context of using $ in the comments, so there could be some everyday words that slipped into the list, but the top of them are very obvious($AMC, $GME etc).

I also got this domain(stonks.news) last year, planning to build some tools I would personally use over next few months and may be the community would like them too. Appreciate any suggestions or comments on what would you want to see in fintech(charts, alerts about earnings etc).

There should probably be some type of sentiment analysis on this as simply being talked about isn't always a good sign. However it would probably need to be customized specifically to WSB since they have their own language and terminology.

Agreed. It would be nice if you could click on one and see the top X most recent mentions, or at least the links to those comments.

https://www.reddit.com/r/wallstreetbets/search/?q=gme&sort=t...

This is great, thanks for posting. Can I ask if there is a simple API query I can send a request to? I am building a mega project (which will probably never see light of day - happy to share with you privately) which could probably maybe benefit knowing this info - cheers

Not yet atm, but send me an email at letstalkalgorithms@gmail.com and we can talk.

Are you matching only upper-case strings? If not, that could help filter out some common words.

Nice one. I thought about making this earlier today. Now I don't have to!

> Stocktwits and few other websites do some good work in signal boosting, up and coming stocks

PLEASE people, look at what you are doing. If you want to "boost" a "signal" to get people to make trades the way you want them to, you are presumptively engaged in market manipulation. Stop this madness.

I know it's popular to think that big evil hedge funds do these tricks too, and imagine yourself as a hero. But that's not really the way they work[1]. And it's not right when they do it, and it's not right here either. Yes, people go to jail for stuff like this.

I'll take my downvotes now. But this really is just mass hysteria in our community right now.

[1] And to the extent it is, they tend to have much better opsec and don't post the logs of their criminal conspiracies on open internet forums.

So it's manipulative to look for free floating data and make your own decisions? What the actual heck?

Inducing other people to make trades based on fradulent, incorrect or manipulative information is a securities fraud, period. Most of what goes on on WSB dances right next to that boundary, so much so that people like you and the OP seem to have forgotten it exists. The comment above is crowing about "signal boosting", which is absolutely not the kind of thing you would say about purely neutral information.

Obviously WSB posters haven't been prosecuted in the past. But the reason for that is that WSB activity hasn't so far been responsible for large-scale distortions in the market. Clearly that's no longer true.

No, but it may be manipulative to encourage people to buy a stock. There are classic schemes, usually referred to as a pump and dump where a person encourages people to invest in a worthless stock then dump their own holdings near the stock's peak. Algorithmically encouraging a pump and dump scheme is a bit iffy.

Are you going to ban CNBC? People are adults, and they absolutely should not be trading until they’ve performed their own research.

What's the window of time used here and how frequently is it updated?

The prices are lagging by a min, counts/popularity is updated in real time(you need to refresh though). I am planning to add websocket soon.

Might also need a blacklist. $Rope is a thing over there.

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