Good Investors Make Investing Harder | Hacker News Reader

Good Investors Make Investing Harder

bloomberg.com

3 pointsrobinhoodexe3 comments

The part about "cool" tickers absolutely rings true. The fact is that stock prices are based entirely on supply and demand, and external factors only matter when enough people participating believe the same.

The past couple years has given massive rise to retail investors as market drivers. You can point to GME as the classic example but it's by no means alone. BBBY went from ~$5 to $30 not too long ago. Or, can look even closer: yesterday AVCT went from 1.62 to 2.35 (increase of 45%). Last week MMTLP started at around $3.77 and went to a high of $7.51, while that was happened MMAT went from $0.70 to $1.35. The week before, you've got FNGR going up 48% on the 5th, you've got AVCT up 29% on the 4th, GTII up 55% on the 3rd and 25% on the 5th.

If you stick to the standards of the past, you miss out on insane value. I just don't see how investors can disregard social media for much longer.

Disclosure: I run https://feetr.io which found the above stocks

And you feel you have to tell this to everyone, instead of profiting from your insights?

I did and by quite a lot. As the economic downturn became more and more apparent, I believed the best way forward was to open it up as a business with a small monthly subscription ($8.99). This way it allows me to work on it full time and try to help as many people as possible.

However, I get the idea that it's a scam or too good to be true, which is why all data is currently free over on Twitter (https://twitter.com/feetr_io) and has been for a few months. After launch, data will be provided for free every Monday with the idea being that if you're not making at least $8.99 with one day a week, then the algorithm isn't working.

I believe that it's immoral for me to invest when I'm giving the data to others as it allows me to abuse the position of trust for my own gain. This way, my profit motive is by maximising the amount of money I make other people, and that's a great driving force for me.

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