This is a bit like a popular hedge fund strategy known as alpha capture. In the alpha capture strategy, funds look at the buy/sell recommendations made by analysts (for example those at the major banks). Applying a systematic approach means that they can measure the accuracy of each individual analyst and choose whether or not to follow along by trading the advice from that person. The best analysts eventually get hired into funds for their picks to be exclusive.
I built something (DueDilly) that works in a similar way by monitoring the performance of Reddit user's stock recommendation and tracking how each idea performs and which users do well. You can choose to trade alongside them based on their track records.
I built something (DueDilly) that works in a similar way by monitoring the performance of Reddit user's stock recommendation and tracking how each idea performs and which users do well. You can choose to trade alongside them based on their track records.
My site: https://duedilly.io/
Previous Discussion in my Show HN: https://news.ycombinator.com/item?id=28244744
There are various academic papers that also discuss it like: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3873884