Hi Guys, I have a lot of software development experience and time on my hands at the moment. I'd like to develop some software to aid in the trading of stocks/shares. I have a basic understanding of the market but I wouldn't say I'm experienced enough to know whats missing and where the opportunities are. I'd like to know what problems you guys face that may be able to be solved through software? If I do produce something of value I'm willing to give it for free to anyone who helps on this thread in anyway. So far I'm thinking of a system which monitors all tradable companies websites for news posts, twitter accounts for posts, searches social media for trends relating to them and aggregates various news feeds for information about these selected companies. I'm sure this service already exists but I couldn't find anything that really looked amazing by doing a few quick google searches? Again I'm very open to ideas!? Thanks
how do you intend to algorithmically score the reputation of tweet authors? Anyone can tweet and obviously you only want to collate trustworthy content, correct? On the other hand you cannot just filter out tweet authors without tweet history because, for example, whistle blowers surely set up new twitter accounts rather than tweet with an established profile. Thoughts? Ideas?
well this is all just off the top of my head but.... I'd probably filter it to verified accounts or accounts with X amount of followers for your first point. With regards to the whistle blower accounts that would be a bit more tricky but I could ignore that first rule and monitor the momentum of a tweet if it passes X amount of retweets/favs over X amount of time it could be considered important and allow the user to tweak these settings.
Great idea, but you are several years too late. Tons of software on the openmarket that does exactly what u want to do-- and much more proprietary like our Price Drivers There are already hedge funds that trade on social media feeds and we reccomend this system. https://psychsignal.com/technology/ We know Robots are crawling elite right now extracting sentiment. Surf
Disagree, most publicly available "intelligence and analytical tools" that peruse Twitter and target the financial sector are all but elementary and absolutely basic. I have spent a lot of time researching this space and spoke with various vendors and tried different solutions (such as Palantir) and I have to say that I was overall disappointed with the lack of sophistication. Forget machine learning or intelligent string parsing and linguistic analytics. There is a lot of growth left in this space but the level of complexity to get to meaningful research is very high as well which is probably the reason there are not a whole lot of sophisticated products out there.
Holy crap, does that mean the world is picking up on Technical Analysis sentiment now? Looks like new threads in this category are opened every other day these days.
http://www.bloomberg.com/news/videos/b/620b1caf-ec94-4158-b374-b8b7006e8db0 Interesting video. Looked the guy up on linkedin doesn't look like hes doing it anymore unless he didn't add it to his profile. I've tried sentiment analysis on twitter before, its very difficult. I was doing it to find people who were unhappy with the NHS and might want private medical insurance. It was correct most of the time but not enough to make a reliable product/service from.
this firm tracks twitter and sites ... http://www.seleritycorp.com/ You should lower your ambitions and just do something simple and sell it or lease it in high volume. And by simple I mean something so easy you might think no one wants it. If you want to go down the interesting path then integrate https://www.oculus.com/en-us/ with a trading platform.
Following the herd, or masses, for trading/investing suggestions is a joke -- considering how large of a % them fail.