Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

https://github.com/DidierRLopes/GamestonkTerminal

by sexy_year • 5 years ago

1422 288 5 years ago

sexy_year• 5 years ago

If you like stocks and are careful with the way you spend your money, you know how much time goes into buying shares of a stock. It’s tedious and I don’t have 24k for a Bloomberg terminal. Which led me to the idea during xmas break to spend the time creating my own terminal. I introduce you to “Gamestonk Terminal” (probably should’ve sent 1 tweet everyday to Elon Musk for copyrights permission eheh).

In summary, the Terminal (https://github.com/DidierRLopes/GamestonkTerminal) has 7 distinct menus: - Discover Stocks Top gainers; Sectors performance; upcoming earnings releases; top high shorted interest stocks; top stocks with low float; top orders on fidelity; and some SPAC websites with news/calendars.

- Market Sentiment Scrolling through Reddit main posts, and most tickers mentions; Extracting stocktwit sentiment based on bull/bear flags; Twitter in-depth sentiment prediction using AI; Google mentions over time.

- Research Web pages List of good pages to do research on a stock, e.g. macroaxis, zacks, macrotrends, ..

- Fundamental Analysis Read financials from a company from Market Watch, Yahoo Finance, Alpha Vantage, and Financial Modeling Prep API.

- Technical Analysis The usual technical indicators: sma, rsi, macd, adx, bbands, and more.

- Due Diligence Some features are: Latest news of the company; Analyst prices and ratings; Price target from several analysts plot over time vs stock price; Insider activity, and these timestamps marked on the stock price historical data; Latest SEC fillings; Short interest over time; A check for financial warnings based on Sean Seah book.

- Prediction Techniques The one I had more fun with. It tries to predict the stock price, from simple models like sma and arima to complex neural network models, like LSTM. The additional capability here is that all of these are easy to configure. Either through command line arguments, or even in form of a configuration file to define your NN.

throwaway122378• 5 years ago

Anyway to see the UI for people who don’t know anything about code but looking for a investment alternative

addajones2• 5 years ago

You are a blessing. I thank you to the moon and back. Will definitely check this out and definitely supporting you for your incredible work.

druidmaster2• 5 years ago

You may want to add a Dockerfile.

yellowapple2• 5 years ago

Nothing stopping you from submitting a PR :)

nodesocket2• 5 years ago

Just pushed a really simply start of a Docker PR https://github.com/DidierRLopes/GamestonkTerminal/pull/13. Take a look and contribute.

tambourine_man• 5 years ago

Looks awesome. I’d love to see some screen shots as I’m not that literate on the jargon

croutonwagon• 5 years ago

I dont have a github account....

But i was working through sigaloid's post here

https://github.com/DidierRLopes/GamestonkTerminal/issues/2

And was still hitting a error on compile

Generally ending with

NFO:pystan:COMPILING THE C++ CODE FOR MODEL anon_model_dfdaf2b8ece8a02eb11f050ec701c0ec NOW. error: command 'x86_64-linux-gnu-gcc' failed with exit status 1

Ran the following to clear the error

sudo apt-get install build-essential libssl-dev libffi-dev python3-dev

Pretty sure libssl-dev and python3-dev were the only ones needed though

Also UserWarning: Using slow pure-python SequenceMatcher. Install python-Levenshtein to remove this warning warnings.warn('Using slow pure-python SequenceMatcher. Install python-Levenshtein to remove this warning')

So the following was needed as sigaloid stated

pip3 install python-Levenshtein

29athrowaway3• 5 years ago

Did you use floating point or fixed point numbers?

Guest42• 5 years ago

Great question, I remember inheriting some code that mixed the two and led to some “interesting” results.

bidirectional4• 5 years ago

I can't see any reason to use fixed point numbers here, seems like floating point would be perfectly sufficient.

nodesocket2• 5 years ago

Where is the market data (price, volume, etc) from? All open source projects related to stocks seem to use Yahoo quotes, which is essentially abandoned and not supported at all. No SLA or any indication of long term survival.

I found Alpaca[1] which looks decent in terms of a stock API and their upstream data provider Polygon.io[2] which looks even better but costs $199/mo for essentially per tick market data.

[1] https://alpaca.markets/ [2] https://polygon.io

sevencolors• 5 years ago

According to the docs it uses https://www.alphavantage.co/

oogali• 5 years ago

Alpaca is primarily for trading.

They were using Polygon for data, but if I recall correctly, I believe seeing an email or such that they're going to roll out their own data and discontinue the Polygon "bridge".

valuearb• 5 years ago

if it doesn't come with an ISDA, I'm not interested.

"JP Morgan Employee : But, uh... you guys are under the capital requirements for an ISDA.

Charlie Geller : By how much?

JP Morgan Employee : [thinking] Uh... how much? One billion, four hundred seventy million. So... a lot.

Charlie Geller : This makes us look bad, doesn't it? That we didn't know what the capital requirements were?

JP Morgan Employee : Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?"

ananthrk• 5 years ago

Can you provide some more context on this?

fareesh• 5 years ago

Ah the wily Brownhole fund from the 2008 collapse

josephjrobison2• 5 years ago

Wrap it in a SaaS and dummies like me will buy it! Make a mill!

orky56• 5 years ago

This right here except a mil is an understatement

spyridonas• 5 years ago

He should accept GME stock as payment medium. 10 stocks per year

nashequilibrium• 5 years ago

Does it have the chat feature as well?

ghego1• 5 years ago

Impressive work, I didn't know could code!

RivieraKid• 5 years ago

probably should’ve sent 1 tweet everyday to Elon Musk for copyrights permission eheh

Why? I assume you're doing this as an advertisment?

imtringued2• 5 years ago

Have you considered the problem that any publicly available indicator suffers from the fact that being the first to execute the strategy is the only way to make money? This would imply an entirely algorithmic trading strategy to reduce any potential for delay. That's how we end up with HFT. Maybe not subsecond HFT but <10s HFT.

DLA• 5 years ago

I am giddy with excitement over this project! Thank you sexy_year for making this. Got any screen shots posted?

peterwoerner2• 5 years ago

I am making a comment just so I will see the project later. Swamped at work but in a week when I have some free time... I feel like a kid waiting on Christmas with presents under the tree.

gzer0• 5 years ago

likewise, profiled.

vulcan01• 5 years ago

There is a "favorites" button right under the submission title, which you can then access through "favorite submissions" in your profile.

sodality2• 5 years ago

Wow. This looks awesome. When you say "necessary API keys", does this mean you can still use the program without them, just minus those functions?

e: and is there a way to perform all DD, PT, etc?

e2: oh no!

'xlwings requires an installation of Excel and therefore only works on Windows and macOS. To enable the installation on Linux nevertheless, do: export INSTALL_ON_LINUX=1; pip install xlwings'

e3: https://github.com/DidierRLopes/GamestonkTerminal/issues/2

orliesaurus• 5 years ago

I wish I was more literate in these subjects, some of these terms - I am not familiar with such as `sma, rsi, macd, adx, bbands`

galoisscobi• 5 years ago

I'd recommend Investopedia to learn more about those terms. As someone with a robotics background, I used Investopedia extensively when I was taking Machine Learning for Trading (would highly recommend the course as well: https://www.udacity.com/course/machine-learning-for-trading-...) if that's something you're interested in.

riffraff• 5 years ago

One more nice thing about Investopedia: they have recently restructured their newsletter ("one term a day") to include references to current events.

That is really nice because it not only gives you something to learn but it also puts it in context.

TILMore• 5 years ago

For someone new to ML for Trading, would you have any other courses or links to check out?

oliv__• 5 years ago

They are technical indicators: Simple moving average, Relative strength index, Moving Average Convergence-Divergence, Average Directional Index, Bollinger Bands.

You can google each one, there is usually a decent explanatory article

tastyfreeze• 5 years ago

The are all acronyms for functions on time series trade data. Investopedia has definitions without a lot of fluff if you want to learn them.

totalZero• 5 years ago

They are terms relating to technical analysis, an attempt to determine future price action from past price action. Many traders look down on technicals as an attempt to read tea leaves while ignoring more important information. Myself included. Still, technical analysis can on occasion be a useful tool when making tactical decisions because people do watch certain levels, reversion and breakouts are real phenomena, and any widespread trading approach is at times a self-fulfilling prophecy.

edgyquant• 5 years ago

I think you’re right about rsi, macd, etc but sma, ema, alpha, beta and sharpe are essential to look at before buying any stock imo

chovybizzass• 5 years ago

need better install instructions.

shmoogy• 5 years ago

Looks interesting, I've been wanting to build something like this - thanks for potentially saving me a bunch of time!

maximente2• 5 years ago

this is nice - it looks like it's linked against at least one GPL lib (fuzzywuzzy) though, so the MIT license almost certainly isn't allowed. looks like there's only one usage though, the other is an unused import, so may be easy to change

moonchild4• 5 years ago

The MIT license is ‘allowed’. The code in itself is MIT licensed. It's just that, when compiled and linked against fuzzywuzzy, the aggregate work that results must be GPLed.

maximente2• 5 years ago

interesting: given that it may at any time hit that line of GPL'd code, your claim is that the rest of the code can be MIT licensed? i am not a lawyer but that sure seems like a borderline case at best.

lmm• 5 years ago

Coding against a library is usually understood to result in creating something that's a derivative work of that library.

eek04_• 5 years ago

It's not clear that the aggregate work is allowed to be distributed under the GPL. My legal hypothesis (from having worked with BSD licensed code and noticed how much hassle having many licenses is) is that the extra requirement of repeating the MIT license could be challenged against the "extra restrictions" clause of the GPL. Think of the case of having 500 variant MIT/BSD3-clause/et licenses that CLAIM to mean the same thing and need full reproduction; the cost of having lawyers verify this is substantial, so it is an actual substantial restriction.

GNU believes that the lax licenses (MIT, advertising clause free BSD) are "compatible with GPL" because the GPL requires attribution and the licenses can be considered a form of attribution.

The actual status of this has, to the best of my knowledge, not been tested in court. Because this is a claim from the group that wants to add restrictions (the GPL side) and they generally want to be able to take BSD code and apply extra restrictions to it, it's not clear it's a large risk in practice.

yellowapple2• 5 years ago

The Julia programming language does the exact same thing, last I checked (language itself is MIT-licensed, but the reliance on GPL-licensed math libraries makes the whole shebang GPL'd).

antman• 5 years ago

Can easily be changed to rapidfuzz, which is based on the older 2011 MIT fuzzywuzzy before it was forced to GPL after incorporating python-levenstein. Also a lot faster.

https://github.com/maxbachmann/RapidFuzz

emosenkis• 5 years ago

It's written in Python... It never gets compiled or linked.

diarrhea• 5 years ago

Yeah this has me confused as well, why is nobody talking about that here?

In Python, it's literally just a line of text, an instruction to import something. If that thing doesn't exist, too bad. The user is responsible for supplying it, not the Python code.

nwsm• 5 years ago

The disclaimer is a quote from DFV, DeepFuckingValue, from /r/wallstreetbets

guffaw5• 5 years ago

I love this! Any interest in doing collab/would you care if I make this into a web app?

druidmaster2• 5 years ago

I think the point is that it's CLI based.

aheilbut• 5 years ago

on a serious note, koyfin is really very nice and does a better job than Bloomberg, at least for equities

aryc192• 5 years ago

It looks promising. I was going to create an account to try it but then I stopped. Their privacy policy states I would have to send an email to delete my account data. Why do people make it harder to remove an account when the sign up process so easy?

minsc__and__boo• 5 years ago

I mean, the alternative costs $2,000/mo.

kolinko3• 5 years ago

I have the same process on my site. The reason is that it is such a risky operation that you want to have a human in the middle as a safeguard from accidental deletion.

Account cancellations and so on are automatic of course, but anything that can’t be rolled back requires human input.

z23• 5 years ago

US and Canadian equities, anyway, and while certainly important, leaves out half the world's market capitalization. Not bad for free! But Bloomberg's value proposition and justification for the insane price is that they are a maximum product for all financial data, news, and analytics, so that no MVP could possibly do more.

benibela• 5 years ago

but does it have data about options?

ErikAugust• 5 years ago

"...that has been developed for fun, while I saw my GME shares tanking."

"Spare time"...

Wasn't that only several weeks ago? This is an incredible feature set! How many hours did you put into this?

tgtweak• 5 years ago

From before Christmas.

kebman• 5 years ago

It was "an overnight success" after practising for 15 years. :)

iso1631• 5 years ago

Initial commit was on Dec 20th, and wasn't that big before then

https://github.com/DidierRLopes/GamestonkTerminal/blob/580e2...

throwawaysea2• 5 years ago

How does an everyday person get the real time market data that this would theoretically need to invest to compete with a Bloomberg terminal?

Judgmentality• 5 years ago

If you know a college student, there's a good chance they have one at the library.

red2awn• 5 years ago

Most brokerages provide real time data to clients.

SilverRed• 5 years ago

I'm not sure the everyday person actually can get or even handle real time data. I spoke to someone about 4 years ago who was doing it for their startup and they said they had serious problems handling the data volume. Talking about terabytes of data coming in per day. Typical DB systems fall apart under that kind of load.

remarkEon• 5 years ago

I'd like to understand a bit more about how Bloomberg Terminals are set up from an infrastructure perspective. Apologies if you don't know anything about that, but the idea that there's just "so much data" that only a Bloomberg Terminal can handle it seems kind of suspect to me. Don't we have other options? Or is this all proprietary?

sitzkrieg• 5 years ago

anyone can sign up for real-time data through many different providers of various quality. viewing real-time data and storing it on a per tick are two very different things. most software doesn't save it real-time. historical data is also requested from a provider as needed

z23• 5 years ago

Interestingly enough, as someone with both Bloomberg terminal and FactSet subscriptions, I still don't have real-time market data for most asset classes and securities. Those are actually add-on costs that I don't need for my research (I'm not a trader). The value for me (again not a trader) comes from having 25 years of robust fundamental and market data along with powerful portfolio analysis tools and models.

throwawaysea2• 5 years ago

I guess I’m not very familiar with these offerings. I was really asking “how do I acquire a real time feed to plug into this open source software”. But it sounds like it’s not valuable to have that in practice?

EGreg• 5 years ago

This is amazing

But please implement a section for ALERTS!

I want to make them configurable so eg whenever any stock goes up by more than its normal amount for the past week/month/configurable, I want to get an alert so I can buy call options, or put options for two months from now. Those usually jump 20,000%!

mootzville• 5 years ago

This makes all the hours (months really) I've wasted on HackerNews worth it. Thanks!

Edit: I should say, it's things like this that make up for the wasted time. I've seen several really interesting things on here over time.

addajones2• 5 years ago

I wish I knew how to install it. I get so many errors and would be awesome if there was an easier way. I’m great at other things.. :/

aarreedd• 5 years ago

Would you be interested in a PR for function to show market holidays? The terminal can pull the data from my site TradingHours.com.

xyst• 5 years ago

This is amazing, thanks buddy.

TheAdamist• 5 years ago

Should probably rewrite it in rust, to solve the markets memory leaks, otherwise everything will keep going up.

dragosmocrii• 5 years ago

this comment is underrated

ralusek• 5 years ago

Markets are garbage collected.

cambalache5• 5 years ago

Yeah, but that scheduling!

pbourke• 5 years ago

The market can leak memory longer than you can stay solvent. Or something.

dan-robertson3• 5 years ago

I realise this is a joke but there are economic reasons to expect stocks to go up in real terms on average in the long term. Investing in the long term is not a zero sum game.

zymhan• 5 years ago

No one here said anything to the contrary.

hahahahe• 5 years ago

That used to be case when you had to clear certain hurdles to IPO and stay listed. With the recent SPAC craze you no longer have to meet any of those. All you need is a credible narrative. In that environment, no, you shouldn’t expect stocks to have positive returns. Long-term positive return in stocks is purely a function of required rate of _cash_ return. But if an underlying business is never meant to ever distribute cash back to investors, the stock is worth exactly ZERO. In other words a ponzi scheme.

jldugger2• 5 years ago

The borrow checker is still busted tho.

hinkley6• 5 years ago

Not sure if short selling joke or Rust dig.

berkes2• 5 years ago

I know you are joking.

But asides from the securities offered by the typing system and borrow checker, Rust (and Go; and maybe others to some extend) have going for them is that the compiled binary is "OOTB".

I'm on ubuntu, and it seems all python tooling is there to start running Gamestonks Terminal. But more often then not, getting a Python, Nodejs or Ruby project running requires a lot of fiddling, insider-information (what is npx, why did pipenv just break my entire desktop, why is this 'rbenv' thing giving these weird 'RVM' errors?).

A rust project: download it, unzip it, run it. A very short Daft Punk song, really.

unixhero2• 5 years ago

Daft Punk has split up, so it is no longer a valid meme.

infairverona• 5 years ago

Aren't PAR files meant to address that?

hinkley6• 5 years ago

Long ago I had lucid reasons why Sass was better than Less in very important ways, but over time it became "but not worth the trouble of maintaining a Ruby distribution on your machine"

The c implementation didn't hit the point of me being able to endorse it before I just gave up and let people use Less if that's what they prefer.

Runtimes, man. They can be the pits.

eclat• 5 years ago

ASDF requires nearly the same amount of effort for every language

wyxuan• 5 years ago

The only thing that this shares with the bloomberg terminal is that it can do equities and is on a terminal.

Sort of irks me because a bloomberg terminal can do so much more: level 2 data, trading capability, damn near instant news alerts, options, debt instrumentals + so much more

- and I get it, this isn't meant for that same crowd and this is pretty well flushed out for a retail investor. But the comparison with the bloomberg terminal is a bit of a head scratcher

schoen• 5 years ago

Maybe it's like a Bloomberg terminal as of a few decades ago?

I think access to market data is a challenge in trying to replicate more of the present-day Bloomberg terminal. First because it's so voluminous (as people elsewhere in this thread have said), and second because so much of it is commonly provided under license for a fee (and with nondisclosure obligations) (and also subject to the trend where people pay more to get or generate market data that's closer to real-time).

But in terms of the feature competition, I think people have upvoted this so much because it's an initial version of a single person's passion project that manages to put a whole bunch of financial information at your fingertips. With an active community (and modulo the important data access issues), it could easily grow and grow and grow in functionality.

Cullinet• 5 years ago

a couple of decades ago the bloomberg was massively more than that already

kolinko3• 5 years ago

Brittanica also had much more than Wikipedia. And Unix could do much more than Linux.

This is how great open source begins.

twic• 5 years ago

Also, this looks like it's purely for equities - no bonds, futures, options, swaps, etc. I suspect that by volume of risk traded by users (not purely through the terminal), equities are a minority of what the Bloomberg terminal supports.

Still, this is a cool hack. I understand that it is not a genuine attempt to unseat Bloomberg!

adeelk93• 5 years ago

I know, I got excited when I saw the headline, only to discover it’s yet another equity-only tool

ggm• 5 years ago

Those bloomberg systems could do video. There were people who made significantly more than beer money assisting dealing room people to watch otherwise not broadcast en clair games, on their terminal, alongside the stocks.

I was not one of them. I have spoken to people who were, many aeons ago in the days of kipper ties, wide lapels and double brested suits, with padded shoulders. Shiny suits.

RavlaAlvar• 5 years ago

Maybe now I can finally start to get into algo trading.

stewbrew2• 5 years ago

How good does this work for non US stocks? I don't think you should invest all your money in stocks of just one nation.

greatpatton• 5 years ago

You can trade shares of companies from all around the world on US stock exchange.

grenoire• 5 years ago

You can trade global depository receipts* of companies from all around the world.

stewbrew2• 5 years ago

I wish you luck trying to sell your shares from some unknown European company in the US that nobody in the US wants to buy.

throwaway2037• 5 years ago

What percentage of profits in the S&P 500 index do you think comes from outside the United States? The nice thing about S&P 500, EuroSTOXX 50, and Nikkei 225 indices: A huge portion of their profits come from outside their home regions: US, EU(rope), Japan. Think: FAANG, Microsoft, Intel, AMD, NVidia, HP, Ford, Boeing, Phillip Morris, Tesla, Siemens, EADS, Phillips, NXP Semi, Alstom, ABB, SAP, Santander, Volvo, Volkswagon, Hitachi, Panasonic, Toyota, Kyocera, Nintendo, Sony, etc. Upon closer inspection, they act like international indices. Don't bother with indices focused upon developing economies -- they are already covered by the Big Three indices!

My take: Of these Big Three indices, the S&P 500 will outperform others over the long term. That is not blind pro-US bias. The US economy (and, correspondingly, the S&P 500 index) is much more dynamic than EU and Japan. It can recover faster after downturns -- recessions & depressions.

<snark> As a retail investor, put your money into a very low commission ETF that tracks the S&P 500 index. See: Fidelity, State Street, or Vanguard. Enable dividend reinvestment programme ("DRIP") to buy more shares with dividends. Go to sleep for 30 years. Wake up rich. Simples. </snark>

powerapple• 5 years ago

I like the software...

gonzo41• 5 years ago

Nice, needs more black though. Bloombergs were all about the original dark mode.

unixhero2• 5 years ago

Strong! Many have tried before you.

baby2• 5 years ago

Wow this is so cool! Now I can't understand most of these things so it'd be cool to have a video of someone using the tool and explaining what one can get from it : )

soniman2• 5 years ago

For stocks Bbg is overkill. A stock investor basically needs latest PR, SEC and earnings release info for his watchlist of stocks, which can be done using Feedly and Seeking Alpha. Alerts connected to the watchlists ("high volume on stock at new high in this watchlist") would be useful but I haven't found anything with that. Finviz is good for charts, although it doesn't have log charts (at least in the free version). That's basically it. Yahoo Finance was brilliant while it lasted.

teleforce• 5 years ago

The article on the potential of making the alternative to Bloomberg Terminal and the corresponding HN discussions [1][2].

[1]https://marker.medium.com/why-its-hard-to-kill-the-bloomberg...

[2]https://news.ycombinator.com/item?id=23891161

i2shar• 5 years ago

He had me at "I am not a cat" in the disclaimer.

nt2h9uh238h• 5 years ago

Check out AlleAktien Quantitativ (attn: it's German but it's 100% free) and they'll translate it to other languages, soon: https://www.alleaktien.de/quantitativ/

hdra• 5 years ago

that looks interesting. it certainly has many of the stuff that I'm looking for. Do you know how "soon" are they gonna be translating it into other languages?

and if you happen to know German, is there any mention of where are they getting their data?

Cu3PO42• 5 years ago

As far as I can tell they make no mention of where exactly they are getting their data, but they claim to update multiple times daily and review all data manually.

They also say the following:

Uns blieb bei der Aktienanalyse oft keine andere Wahl, als unzählige Geschäftsberichte der vergangenen 20 Jahre zu öffnen und dort die gesuchten Daten manuell und mühsam viele Stunden herauszusuchen.

The essence of which is that in the past they often manually extracted data from the last twenty years of annual reports from a given company. Maybe that's still how they're doing it.

jraby3• 5 years ago

I’m not a coder. This looks awesome and I’d really love to try it.

Can anyone tell me how to get this working or point me to a set of instructions? I see the code and read me on GitHub but don’t know what to do next.

Thank you.

franga20002• 5 years ago

From a quick glance, the first thing you'll need to do is install Python for your platform. There are a bunch available, but for Windows I usually recommend WinPython. This one should be good: https://sourceforge.net/projects/winpython/files/WinPython_3... . Run that and select an empty folder to install it into. When it's done, open the folder and run the "WinPython Command Prompt".

Once you have that, download the code (green button "Download as ZIP") and extract it into your WinPython folder. Go into it by typing "cd GamestonkTerminal" into the terminal and press enter. The terminal should indicate you're now in that folder.

Once there, run the following command: "pip -r install". This wil take some time to complete, during which you can follow the links in the "API Keys" section of the Readme and follow whatever steps they require for you to get an API key (probably have to register an account, create an "application" and create a key - it'll usually be a long random-looking string of characters).

Once you have the keys, edit the "config_terminal.py" using notepad or preferably Notepad++ and put the corresponding keys where "REPLACE_ME" is at the end of each line (keep the quotes!).

If you've done all that, go back to the command prompt from before and run "python ganestonk_terminal.py". The terminal should be running.

soniman2• 5 years ago

Thanks

alexhogset• 5 years ago

Hi!

I get two errors;

1) no such option: -r

2) Permission denied when using Git HUB

Yes i'm a noob.

Thoraco2• 5 years ago

n00b here as well...

WinPython install completed. Ran WinPython Command Prompt. Extracted zip folder to WinPython folder. Typed in "cd Gamestonk Terminal" (with and without "s). Result: The system cannot find the path specified. Terminal seems to have opened with scripts folder in command line.

Any ideas?

PanosJee• 5 years ago

TradingView is more than good for most users

neop1x• 5 years ago

And they even have a wonderful Pine scripting to script new indicators and strategies! TradingView can be quite memory hungry sometimes but page refresh helps in such cases.

jedberg• 5 years ago

The biggest thing you pay for in the Bloomberg Terminal is the chat function, which lets you talk to other people who also have $25,000 a year to spend on a Bloomberg Terminal.

But this is still pretty cool :)

blurbleblurble• 5 years ago

This has that too, it's called "reddit"

JumpCrisscross• 5 years ago

This has that too, it's called "reddit"

If you receive a Bloomberg message from someone, it's something actionable. That's not true, in finance, of virtually any other electronic communication channel.

bidirectional4• 5 years ago

Reddit isn't people who have made at least a 25k investment in a terminal communicating under their real name and job title. That's worth something.

TheRealSteel• 5 years ago

I'm sure jedberg will be very interested to find out about this Reddit thing

chaosbolt2• 5 years ago

Just go to 4chan /biz/ for crypto or reddit's wsb for stocks.

The idea that you still need to pay 25k$ for a communication software in 2021 is absurd.

Check my comment history, bought lots of link in 2017 because everyone was buying it on /biz/, posted about it once here and got criticized for it by someone because it's 4chan etc... and people will only listen to you if you have an expensive suite and watch on, even tech people ironically.

bottled_poe• 5 years ago

It’s about who you know and the quality of info haha, do what you want

atian• 5 years ago

Sometimes I casually flash my B-Unit around or pretend to check the time on it just to let everyone know I have a subscription.

Other times I will go out of my way to send emails from the terminal just so others get a glance at my @bloomberg.net email address. I also have people send me stuff to the email if it's someone I haven't met before.

The Bloomberg Terminal is well worth it for these two perks. It's much better than paying for an @hey.com email address.

dkdbejwi3832• 5 years ago

I honestly can't tell if this is a parody or not

ShaneMcGowan• 5 years ago

Assert your dominance by using your childhood hotmail email address for business purposes

pvitz• 5 years ago

Don't forget the included subscription to Bloomberg Businessweek that we religiously "read" with the feet on the 10 cm of our desk that are not covered with terminal screens.

SubiculumCode2• 5 years ago

I absolutely detest this comment and all it implies. I'll accept my downvotes now.

Unless I missed sarcasm, in which case, please accept my humblest apologies.

tasaki• 5 years ago

Yeah that's why we're using Echofin to chat with my trading group. We have tradingview charts, stock screener and a few self-developed crypto tools alongside the chat workspace. Pretty fucking awesome if u ask me.

78003• 5 years ago

I thought they were too busy Snapchatting themselves with their gold iPhone 12 pros in diamond-encrusted cases with ruby-encrusted selfie sticks.

metacritic12• 5 years ago

Having worked in finance on the buy side, I can say this was not true for me or the dozens of people I knew who use it. Neither I nor others I know in the space use the terminal as a place to "hang out" with wealthy people.

Bloomberg's tooling is quite good, and you can get 80% of the way to a bespoke chart with 20% of the work.

Not sure if the above is speculation, or parody, or just a projection of a stylized view of how finance and the world works. But definitely the above comment is confusing / misleading to people who don't work in the industry.

cashewchoo• 5 years ago

Hello from the (ex) sell side. I think it's satire. Pretty hard to tell though. But I think it's just really good satire.

blunte• 5 years ago

A ton of big asset trades get initiated and agreed upon via bb chat. But if you’re just trading equities on an exchange, this is probably of no real value to you.

ricardobayes• 5 years ago

Without level 2 data trading is just trying your luck on a random number generator.

hntrader2• 5 years ago

There's lots of short-term trading strategies that can work without L2 data. I know 2 people running short term strategies making 7 figures consistently who don't rely on L2. It's a dogma in certain high frequency trading firms that L2 is necessary for profitable edge (since that's a core part of their edge). That said, most profitable short term traders do rely on L2.

lupire2• 5 years ago

7 figures per what time range, for how much invested capital?

junippor• 5 years ago

tiingo.com is free.

t00nfish13• 5 years ago

As I see it there is no test suite? Is it planned? What is the roadmap for the project? The support section in the README only tells us to buy you a coffee, not how to reach out and support you.

alvis• 5 years ago

After reading the comments, I come with a surprise that there're many stock traders on hackernews!

bilekas• 5 years ago

This is pretty damn cool, especially given it was only started in December. Nice

tutfbhuf• 5 years ago

How about Thomson Reuters Eikon the next best cheaper Bloomberg Terminal?

https://www.investopedia.com/articles/investing/052815/finan...

traceroute66• 5 years ago

What's that old saying ? "Reports of my death have been greatly exaggerated".

First up, people who call Bloomberg Terminal a "$25k/year chat terminal" are utterly clueless and have evidently never seen or used a Bloomberg Terminal.

The main reason Bloomberg costs so much is because unlike their competitors, Bloomberg have a "one-size-fits-all" price. You get all the data (except live data that is subject to exchange fees levied by third-parties such as NASDAQ). Contrast this with Bloomberg competitors where you spend days haggling with your neighborhood sales rep over a list of indecipherable package options (which almost always end up costing the same or more as Bloomberg by the time you add everything you want).

Secondly, hardly a year goes by without one of these "Bloomberg killers" popping up. The trouble is its nonsense.

Most of the so called "Bloomberg killers" only offer a subset of features, for example they only focus on charting. Or they only offer limited market data (e.g. US market only).

Also, most so-called "Bloomberg killers" rely on second-rate data feeds of poor or questionable quality. Services such as Bloomberg (and those of similar tier, e.g. Eikon) spend a lot of time and effort procuring first-class data.

So, don't kid yourself with the ludicrous dream of thinking you can replicate Bloomberg (or Eikon or similar) and sell it for a fraction of the cost (or give it away for free).

refraincomment• 5 years ago

The Google killer!

Proceeds to introduce you grep.

lr1970• 5 years ago

Not to criticize a free OSS project. It is very cool, but comparing it to Bloomberg terminal is a misnomer. Bloomberg gives you data, analysis, models, news, document access + Bchat which is highly useful to professionals. OTOH, Gamestonk Terminal is just a couple of python scripts. You have to sign up for the data feeds API access yourself. Free tier data access has limits by minute and by day. Even though GamestonkTerminal can be useful for small individual investors it will not float your boat for anything more serious.

Hnrobert424• 5 years ago

Is it just me, or is the feel of the comment on this post different than other HN posts? There are a lot more snarky jokes. A little more combative. It feels like why I stopped reading Reddit. I hope it doesn’t metastasize to posts on other topics.

zorkavatar2• 5 years ago

Welcome to the wonderful world of "Show HN"

Hnrobert424• 5 years ago

I don’t get this same feeling on all ShowHN posts. Most of them, especially for individual projects like this, are supportive critiques of the thing being “shown”.

baxtr• 5 years ago

Maybe these are /r/wallstreetbets folks flocking in?

On a more serious note: I think the topic of stocks and getting rich real quick might generate that kind of feel, on any platform. Probably borderline for HN to have these discussions?

pietrovismara• 5 years ago

It's more the people who pay for the bloomberg terminal who can't handle the headline. The opposite crowd of /r/wallstreetbets.

outime• 5 years ago

I noticed more snarky comments in general in the last 1-1.5 years. I just downvote/flag them and move on. If it some day becomes unbearable then I'll just click on the links and not read the comments anymore - which would be a shame because it's what most of the value of this site is about.

Tarsul• 5 years ago

maybe it has something to do with the confidence of the posting: "no prob, I built the next best thing". Might come off as arrogant and that probably triggers people.

pc86• 5 years ago

Please don't post comments saying that HN is turning into Reddit. It's a semi-noob[0] illusion[1], as[2] old[3] as[4] the[5] hills.[6] [7]

[0] https://news.ycombinator.com/item?id=926703

[1] https://news.ycombinator.com/item?id=633099

[2] https://news.ycombinator.com/item?id=582513

[3] https://news.ycombinator.com/item?id=289254

[4] https://news.ycombinator.com/item?id=253657

[5] https://news.ycombinator.com/item?id=66057

[6] https://news.ycombinator.com/item?id=13852

[7] https://news.ycombinator.com/newsguidelines.html

BoorishBears2• 5 years ago

9 times out of 10 someone says this, they're taking one tiny interaction and making a huge stretch.

But this post definitely has a very bizarre comment section compared to most.

And not just any one comment, but almost every thread. Maybe it has to do with the "Gamestonks" moniker and what it entails

pwdisswordfish6• 5 years ago

Hacker News was never good.

_fat_santa• 5 years ago

Hacker News has always been reddit. All these comments are just people seeing through the matrix.

lupire2• 5 years ago

It's funny to post that next to a junkchat thread started by one of the most famous redditors.

mettamage• 5 years ago

I know it's as "old as the hills", and so on, but this was the first time I was feeling it too. But I think it's because one satiric comment just got a lot of attention [1], then other people started to do a bit of satire as well. Which is why it feels Reddit like. Looking at the other comments and top child comments, I don't see it either.

[1] https://news.ycombinator.com/item?id=26261247

Hnrobert424• 5 years ago

You missed the point of my post entirely. I said that the comments on this one post felt like Reddit. Specifically I noted that feels different from HN.

DavidSJ• 5 years ago

I independently had the same thought.

newsclues• 5 years ago

Bloomberg would be threatened by an alternative to their cash cow terminals

fortran77• 5 years ago

/r/LOLHackerNews

SubiculumCode2• 5 years ago

As soon as someone started talking about swinging their big Bloomberg D, and going all alpha corporate overlord, the thread went to shite.

CTOSian• 5 years ago

I more fan of Bloomberg keyboards, so much keys to assign shortcuts and macros...:)

happyconcepts2• 5 years ago

I wish you well but this is no comparison to a Bloomberg terminal.

yawaworht1978• 5 years ago

For a very long time I was wondering when will we ever see a funny thread on HN, and here we are:-)

robocaptain• 5 years ago

This is really cool! I have been adjusting to life without Bloomberg recently. Does anyone know of something similar to this for rates, credit, or the ABS space?

frakkingcylons• 5 years ago

No support for commodities, bonds, or currencies. How is this a Bloomberg terminal replacement? If you’re just looking for stock screeners, there’s already a hundred better options.

pyinstallwoes• 5 years ago

Okay, how do you properly install a python environment? I always run into trouble trying to get a project to run with Python and pip. It's either a build failure or just a complete pain to manage the virtualenv.

What's the easiest way to get this running?

bogomipz• 5 years ago

I was looking at the various APIs the project sources for data and was wondering does Bloomberg aggregate data sources from other vendors or does Bloomberg produce it's own market data for their terminals?

ska2• 5 years ago

Not or, both. There is a crapton of data available in the terminals.

bradj2• 5 years ago

Most of the data on Bloomberg or any other market data terminal is going to from another data source. Either from an exchange, ratings agency, SEC reports, price reporting agencies, etc. They’ll also have proprietary data that are exclusive to their platform.

mttpgn• 5 years ago

Does it include any features that aren't present in ThinkOrSwim? Could be an advantageous tool for those who don't want to give their private information to TD-Ameritrade.

Klwohu• 5 years ago

Back with the CTS Labs AMD debacle, it became clear that Bloomberg isn't trustworthy. These were known scam artists, who called a RELATIVE working inside Bloomberg to push stories which weren't actually true. Nobody ever apologized, this wasn't even a story in the media. So while some people think a Bloomberg Terminal's a big deal and very useful, other people know Bloomberg has no issues dealing in misinformation and maybe you'd be better looking things up for yourself.

ycomb_32• 5 years ago

I tried to install - requirements and it always fails to install fbprohet, bs4 alpha_vantage modules, can some body help me with this? Thanks,

Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

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