| ▲ | somid3 2 hours ago |
| I remember reading they don't disclose the exact date and hour of the purchase and sale, so intra-day trading or tight timeline trades are impossible to measure, is that correct? |
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| ▲ | sakopov an hour ago | parent | next [-] |
| If I remember right you can also disclose days, weeks or months after the actual transaction took place and just pay some miniscule fine as a slap on the wrists. |
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| ▲ | rafram 39 minutes ago | parent [-] | | You remember wrong, sort of - the law requires the paperwork to be filed within 45 days, so there's no real-time disclosure requirement at all. The fine is very small, though, starting at $200 per violation. |
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| ▲ | kennywinker 2 hours ago | parent | prev | next [-] |
| Looks like trade reports only include the date not the time: https://www.congressstock.com/trades |
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| ▲ | seizethecheese an hour ago | parent [-] | | Okay, so the above criticism really only applies to day trading or buying the day of news. I’m guessing that’s very uncommon. If I were a congressman with information I wouldn’t wait until the day of to buy. |
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| ▲ | somid3 2 hours ago | parent | prev [-] |
| I asked Claude: Does this article take into account intraday trading or trading where the purchase and the sale occurs within 45 days? And: "Is there a way someone could have generated a positive revenue even though they reported as negative?" Conclusion -- their numbers could still allow someone to make positive return even though they report mostly negative alpha Gosh I love AI for analyzing lousy reports and articles that are inaccurate. |
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| ▲ | collabs 2 hours ago | parent | next [-] | | Sure, as long as you actually follow through and go to primary sources and do that analysis, I see no problem with using Claude as a starting point. However, please actually go to the sources it gave you and do the analysis yourself. This is way too important for someone to be able to handwave us and say we are wrong. Tl;Dr please double check with the sources that Claude gave you? | | |
| ▲ | somid3 2 hours ago | parent [-] | | I'm downloading the data as we speak :) | | |
| ▲ | somid3 44 minutes ago | parent | next [-] | | So it seems of the intra-day trades, 10% of the trades occurred on companies that gained 5% in value that same day? Not sure about this, uploading the data to a Google spreadsheet for everyone who wants to analyze this. ASCII Table below: +-------------------------------------+---------+----------+----------+-----------+
| Days compared | Count | Close-to | Close-to | Intraday |
| | | close | close | high-low |
| | | >= 5% | >= 3% | range >=5%|
+-------------------------------------+---------+----------+----------+-----------+
| Same-day buy+sell (loose) | 420 | 6.7% | 14.5% | 10.7% |
| Same-day buy+sell (strict) | 245 | 5.7% | 13.1% | 8.2% |
| Members' other trades, same stocks | 10,957 | 5.2% | 14.5% | 9.0% |
| Every trading day, same stocks | 415,259 | 3.4% | 10.7% | 6.8% |
+-------------------------------------+---------+----------+----------+-----------+ | |
| ▲ | somid3 an hour ago | parent | prev | next [-] | | About 25% of all trades are within the time frame required to report, so its impossible to tell if there was a gain or loss on those trades | |
| ▲ | somid3 an hour ago | parent | prev | next [-] | | For example Judy Chu seems to have 51% of trades intra day. 571 total trades, 291 were intra day. | |
| ▲ | somid3 an hour ago | parent | prev [-] | | total 207,000 trades if anyone wants a copy email me somid3 at gmail. I wanna analyze the crap out of this data. Have some free time today |
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| ▲ | kennywinker 2 hours ago | parent | prev [-] | | The article literally says as much, you do have to read it tho. Taking claudeslop as gospel is gonna make you some mistakes. | | |
| ▲ | somid3 2 hours ago | parent [-] | | I used it as high-level analysis, I'm downloading the data to do my own analysis. Seems 12% of trades are intra-day... but that's the early data I'm seeing |
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