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smcn

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Democratising the stock market @ feetr.ai

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Truth social being an example of a Mastodon server that doesn’t market itself as being .

Doesn’t federate either, and they’ve violated the license, but core concept is there to be copied.

I've helped people join a Mastodon instance and set up their profile and follow a few people in a matter of minutes.

That you had to do this is the issue that I'm talking about.

My justification for stating that is that we're seeing people come back to Bluesky whereas people would try to create an account on a Mastodon service, their first post would be confusion and terror, and they'd leave after a few days of trying.

There are daily users of Mastodon (myself being one), it's just that the range of people is much smaller than Bluesky and Twitter due to the comparatively higher barrier of entry.

I think that the clear preference people have for Bluesky over the Fediverse shows that maybe it's as decentralised as people as willing to accept.

Fedi is an amazing piece of software but so too people were/are bouncing off of it. I'm not one that shared the same frustration but it was very clearly a problem for many people.

Bluesky doesn't have that issue and has been easy for people to migrate to. At the end of the day, we can't let good be the enemy of perfect.

That'd be a convincing argument if the internet wasn't brainwashing a significant portion of adults into believing weird things about the political elite, vaccines, 5G, etc.

Given the amount of people blindly trusting the output, I think that a case could be made that guardrails are a necessity for LLMs.

The example in the article is medical diagnostics. Could you imagine if it started hallucinating and someone went with whatever insane advice it gave? Remember Google AI suggesting glue to keep cheese on pizza?

We recently soft launched the new https://feetr.io website as well as our stock market AI, and are knocking our pan in to fix the little bugs that have been uncovered in addition to migrating more of our existing code to the new system.

Over the weekend, we trialled the AI on Reddit[0] and got 300 comments more than expected, so we're doing the above while there are a lot more eyeballs on us.

Super stressful but we're getting there.

0: https://www.reddit.com/r/Shortsqueeze/comments/1fr9ae1/give_...

Favourite time of the year!

I am, however, continually surprised that SLY doesn’t have more mindshare. Similarly jonathan. I guess cl-json and SLIME are _good enough_ for most people.

…or maybe I need to revisit them?

I wrote this about it two years ago:

"I agree in that IH is not a Ponzi scheme however it is a really big marketing channel for a lot of people and that means that this place is not full of advice so much as it is advertisements. And I think that is some peoples main complaint. I came here with the idea that this was creators giving advice and sharing experiences but the more I'm here the less I believe that to be the case.

I could be really mean and say something like "people who can't do, teach" but I don't know that I believe that. I think it's people starting companies, hitting road blocks and then trying to monetize their solution to those road blocks. Or people who want to be their own boss but then not having a clear idea for a business, so they try to solve the problems that they're seeing here. I don't know. Could be any of the above or a million different other reasons. End result is the same. And none of them are bad, I should clarify.

I think I may come across as more negative than I actually am. I think it's fine for people to come here and try to advertise their businesses. It's a good place to get initial feedback from people who (hopefully) have experience going from 0 to 1. And it certainly helped me get off the ground with my company, and the response here gave me a massive confidence boost as this was the first place I told about it.

It's just that when you aren't a beginner any more, when you've actually started, this place becomes a bit less relevant and that's a shame."

We've been experimenting with LLMs to create price predictions and stock analysis for day trading, and I really haven't been impressed with Bard at all. People in the comments are comparing it to gpt-3.5 and, for our use at least, I wouldn't say it's even remotely close. It's a very clear win for OpenAI.

It's not just that the accuracy of the predictions is wrong, it's that the analysis itself is just not in any way usable. We explicitly describe what the response should look like but Bard will do its own thing.

Here is an example of ChatGPT for RIVN:

"Rivian Automotive (RIVN) has shown a strong upward momentum in recent discussions, with the latest figure reaching 105.51. The stock's current price is $25.62, with a significant increase in volume to 1.41M from its 65-day average of 38.68M. The stock has been trading above its 10-day SMA ($22.08), 20-day SMA ($18.28), and 50-day SMA ($15.68), indicating a bullish trend. The RSI values are above 80, suggesting the stock is currently overbought. Considering the positive market sentiment towards tech stocks and Amazon's record sales during its Prime Day event, which could indirectly benefit Rivian as Amazon is a major stakeholder, an entry price around $25.70 seems plausible. The first price target could be set at $26.20, followed by a second target at $26.70. Confidence level: 75%."

Here is Bard with the same prompt:

"Analysis:

Based on the data you have provided, I believe that the stock RIVN is likely to continue to rise in the near future. The current price is slightly below the 20 day SMA, which suggests that the stock is undervalued. Additionally, the momentum data is positive, which indicates that there is strong buying pressure. The latest market news is also positive, as it suggests that the overall market is bullish.

However, it is important to note that there are some risks to consider. The stock is still highly volatile, and it could experience a pullback in the near future. Additionally,"

Yes, it does end after a comma. That's not me trying to make it look bad.

The old joke about lisp ruining all other languages holds true (at least in my experience), so it's a monkeys paw wish of yes, you get to work with lisp but you'll never be able to enjoy another job again.

Yeah, we use CCL for local development and SBCL for running code on servers. I hear that the development story is better with CCL due to improved error messages but I'm not sure how much I agree with that, however we continue the practice because it ensures that we're writing portable code and aren't tied to a single implementation.

Guix is in a really good place right now and I'd have no reservations recommending it. Of course, there is the initial onboarding experience which can be tough if it's a completely new concept but overcoming that is 100% worth it IMO.

the worse is linux images running on production VMs which are partially specified

I could absolutely see that being worse in a really big and scary way. Lisp is great because if you try to call a function which doesn't exist, it'll scream bloody murder at you, so we got lucky that it was immediately picked up. But that's lisp for you, incredibly nice and easy to use.

We don't really overcomplicate it. A merge into development will pull the code onto the development server and then either restart lisp or recompile (depends on the application), and the same thing will happen when merged to prod.

We're currently experimenting with Guix for server configuration and it's nice but sometimes the context switch from CL to Guile does trip you up for 0.0001ms.

I think that the only difference with CL vs another language is that we can connect to the running image and create/recompile functions, and that can land you in a scenario where you think you have committed a function because it works on the image and so you build on it, then the image restarts and suddenly a whole bunch of code doesn't work. That will happen exactly once before you draw up a guide on how the team is able to use Sly/Slime.

...Me. It was me. I didn't commit the function.

`cloc` has it at 24k lines of code so it's by no means a huge project but it's big enough where I feel like we would have encountered a large variety of issues. As of yet there hasn't been anything major. We have felt the lack of libraries at times but that just means we need to write more lisp, which is a good thing as lisp is fun.

Honestly, I don't know that I'd classify our use of CL as dynamic. We're happy customers of `deftype` and `declaim`. While it's true that not every function makes use of them, most of them do. So in that regard, I can't comment but that's the beauty of lisp: it's the language that you need it to be.

We use it for stock market analysis over at https://feetr.io. Honestly, I couldn't imagine a better language as it makes large tasks almost effortless. Plus the fact that I can connect to the running image and query data feels like magic and makes farming content for social media almost facile as I can pipe some of the data through cl-table and just post a screenshot.

Memes are information, that's all. Just a way of imparting information in an easily digestible manner. You are really deep into this belief and it's pretty surreal.

It's easy to rug pull a cryptocoin that you created. It is not easy to pump and dump stocks with over 500m market cap. WSB is open, I wish you'd just take the time to debunk your own beliefs.

Sorry, no this is factually incorrect, I have already linked you to an article detailing why the momentum stopped. For what ever reason, the ability to buy was stopped on many more brokers than just Robinhood. In the UK, we also had Trading212 turn off the buy button. That is not up for debate, that is historical record.

You're the one currently engaging in conspiracy theories, I hope you see the irony in that.

Is it possible that you lost money following WSB and that's where these opinions are coming from? Because these aren't exactly cogent arguments at this stage.

There is a huge disconnect between people throwing out price targets and a pump and dump, I don't think that I need to spell that out. One is over-enthusiasm, the other is crime.

For what it's worth, FRC was incredibly tradeable very early on in the beginning of the banking crisis, regularly doing very large swings. Though, what I believe you're talking about is the expectation the FRC would exceed expectations on earnings and would go on to return to its pre-crisis prices. This is not a pump and dump and makes sense. If the bank is no longer in trouble then you'd expect normality to resume. This did not turn out to be the case and it ended up being taken over by JPM. This is not a pump and dump in any way.

The price targets of $1000 for GME would have been met should they not have disabled the buy button but I believe that there would have been a really strong sell off at the upper $900s which would have had a big impact on the price and I'm not sure it would've recovered. Please see TSLA as a stock which has gained a huge market cap as a result of enthusiastic investors.

The thing is, the GME situation is still developing. The new thing is that they're buying and directly registering their shares (DRS). This prevents brokers from lending shares out.

As a result of this, they own almost 25% of the company by themselves[0], which is absolutely incredible when you think about it. I know that they're expecting MOASS as a result of this and I'm a bit iffy on whether that can happen but I am eagerly watching to see what happens. Nothing like this has been attempted and it's just fascinating to me.

https://www.thestreet.com/memestocks/gme/76-million-gamestop...

None of the successful stuff is coordinating a pump and dump. You may get the odd post where someone does try but it doesn't go anywhere.

But, actually, some of the WSB stuff is openly coordinated strategy, not intelligence, overtly seeking to manipulate enough action to cause an outcome, not providing intelligence/analysis on what os likely to occur without active intervention

That would not be correct, no. If you're talking about trying to trigger a short squeeze then that is mechanically different from a pump and dump.

A short squeeze does not require the participants to raise the price, it requires a restriction of the publicly available float in order to trap "shorts" and then, when their options expire and they must purchase the shares to satisfy the contract, it creates a massive demand for shares on what is now an illiquid stock and this results in the price rising.

There have been many occasions when they have tried to squeeze a stock but I have not seen one where they have tried to attempt a pump and dump.