With the sheer amount of Posters here, in different Cities, different Nations, we should be able to create a database of knowledge superior to most Institutions. For example: CPI is just a constant basket of Goods priced to see if pricing are rising or falling. If everyone in different Cities prices this basket of Goods locally, we should be able to get an advanced idea of the CPI numbers ... and make a Motza. But this same strategy could be used for other Fundamentals data, including individual Company and Economic data. And its probably legal. No one has to go to Jail.
It will never work. Trading is much more wishy washy and complicated and so is the timing. Even if people magically had inside information on economic reporting numbers...that's still nowhere near a guarantee they will profit. Buying and selling and timing can be incredibly difficult to read. Everyday in the market there's a gentle storm of data, ranges, sentiment, emotions, gyratations, deviations, expectations, timing, unknowns, etc. It's very easy to get fooled and whipsawed around in the market if you don't reasonably know what to expect from a micro and macro framework image
As an example, Betting Sites allow you to place Bets on Economic data. But other company Fundamental data could be gathered, like a SPY network lol. But getting this ragtag group to do anything coordinated would probably be nigh on impossible I guess.
"CPI forecasts by the people, for the people now that’s democracy!" @DarkerthanDarc — Honestly, the idea of a decentralized CPI scout team feels like if Reddit met Bloomberg Terminal in a dark alley. “Real Inflation, Powered by Couch Economists.” I’m here for it. @LionsWarthogsMillions — you're absolutely right too. Even if we all had the CPI number 12 hours early, Mr. Market might still yawn, puke, or moon depending on how Jay Powell sneezes that day. But hey gathering local price data foot traffic or even anecdotal stuff like ..eggs doubled in Delhi or Target looks like a ghost town in Ohio.. could give us early noise if not the signal. Might not make us rich but it could make us a little less blind. Let’s face it this forum has enough lurking IQ to beat half of Wall Street just not enough alignment to get everyone to price a loaf of bread on the same day Still… if anyone’s serious, happy to help build a prototype sheet or Discord. Could call it the “Shadow CPI Index” .. tagline: We track inflation before it hits your portfolio.
Food prices are really going to sky rocket, sending all the illegals back to their miserable countries, who is going to pick crops? So many illegals are in.meat processing plants. Who wants to process steers for fifteen bucks an hour? Clear out the prisons by day to work these jobs, costs go down for processors and farms and prisoners learn a trade.
You've got to give this scam up please. The "sheer amount of posters" are all the same few paid cyber shills and chat bots from the 3rd world using aliases to create the illusion of activity. Any legitimate traders leave after a while or linger just to blow off steam by trolling and bullshitting. There's almost no valuable content on the entire ET site. If you want to learn how to trade just pick up good books and use a search engine to fill in missing details... it won't be easy, but it's possible.
Mrs Dest, that's what I've done I'm obviously one of the more knowledgeable Traders here, other than your good self of course. But this ragtag group, probably couldn't be organised to walk a straight line, let alone get Insider Information. We won't have to worry about possible charges.
IDK how your trading is going, and I don't care. Hat's off if you were being sarcastic when you started this thread though. Because, the whole site is either a farce or pure tragedy.
The idea is a sound one. But as the two earlier Posters proved, Chimpanzees might be a better alternative.