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mlmonkey 2 hours ago

> Plug your agent into the sources where information breaks first. Twitter, Telegram, Discord, on-chain activity. Your agent acts before the market does.

In a world where people are fighting with each other to see who can get closer to the trading systems in order to shave off milliseconds, this seems glacial.

quantumleaper an hour ago | parent | next [-]

The belief that there is some kind of market-impacting underground "wisdom of the crowd" to be found on all these public social platforms is an artifact of the GameStop craze that never went away.

HolyLampshade an hour ago | parent | next [-]

It existed prior to GME as well, which really should tell you that anyone who is using this is going against people who have spent the last decade at least perfecting signals based on this exact same data.

The hope isn’t that you find some unique signal to trade on. The hope is you find some signal that does not scale in a meaningful way, so it is less likely professional firms are going to devote resources to trading it.

If you stumble into a fresh, scalable signal it’s unlikely it will continue to be profitable after six months. Once you scale to any real profitable size the market will notice and either change behavior, or trade the same signal at a faster speed.

m3kw9 39 minutes ago | parent | prev [-]

Twitter/fb/reddit etc is like the towel that gets the water after it already spilled, while the hedge funds or advanced traders already placed sensors at the entire pipe to detect the leak.

satvikpendem 2 hours ago | parent | prev [-]

High frequency trading != algorithmic trading, common misconception. HFT is a subset of algorithmic trading but does not encompass all of it.

HolyLampshade an hour ago | parent [-]

While true (I 100% agree with you in the distinction), the statement is “Your agent acts before the market does”, which is simply not going to be the case (assuming this is helping run some sort of trend following strategy). Professional traders who are sensitive to alternative public data sources are already taking that data in quickly and their execution is colocated with the venues. You’re still going to be significantly behind the curve (to a financially dangerous extent in my opinion).