Benzinga / Motley Fool / Seeking Alpha / Business Wire / Forbes aren't places to find worthwhile information.
This site would be better with way fewer sources, paradoxically. Probably 5-7 are all you need.
I pay a small fortune for Bloomberg each year and get notifications of all news on a list of stocks ~200 long. Most of the notifications are spammy lawyer press releases. Bloomberg has made no effort to curate this intelligently. Yes I know I can manually ignore certain keywords, but that's a pain and constantly evolves, it seems.
Curation is indeed paramount in the financial news industry, where much news is automatically regurgitated to generate page views/ad revenue.
https://www.sec.gov/news/press-release/2017-79
>The SEC today released an investor alert warning that articles on an investment research website that appear to be an unbiased source of information or provide commentary on multiple stocks may be part of an undisclosed paid stock promotion. Investors should never make an investment based solely on information published on an investment research website. When making an investment decision, thoroughly research the company using multiple sources.
That recommendation of theirs is ironic considering the “scheme” consists _of_ said multiple sources.
I.e. "this blog mentioned NYSE:TEVA, and the next day the stock moved materially, therefore site_ranking++". (You'd probably have some TF/IDF saliency metric too, so that a site that mentions all stocks is penalized.)
It was written in big letters, "dont worry we wont spam".
3 minutes later: 2 emails in my inbox. One of them "BizToc is made possible by Mark Cuban & Thomas Marban. If you’re enjoying it, please invite your friends & colleagues."
This is pure spam and I do not like it.
I don't know why anybody would want that.
I think the answer is probably something like gambling addiction.
While I use a very basic/standard passive investing approach myself, I do believe there are people who have genuine skill at active investing, particularly when they are handling relatively small amounts of money.
But I don't think any of them get there by absorbing walls of buy/sell recommendations.
I appreciate that info on LiveView, I plan on digging into it!
The public-facing pages of this site aren't currently using LiveView, but I see it on the horizon.
For speed considerations, I'm actually caching news stories in memory using the excellent Cachex (https://github.com/whitfin/cachex) library.
I'm just glad to share this site with the community and hope people get some value from it!
Good luck. It looks good.
[Edit just saw it's stocknewsapi]
I've been using them for about 2 years and they have an awesome team and service.
It tracks real-time data from Reddit, Twitter, Newsmedia, SEC Filings and Financial Data of over 10000 stock tickers.
It is in super alpha right now so please be more tolerant of bugs and issues. thank you
The platform allows users to code and launch a container which gets data into the DB and from there everything else is abstracted. There is a generic API that can be used to request that data from DB without writing any code and then on frontend I am developing a library that helps me hook these generic endpoints to different visualizations that I want just like kibana or grafana.
So QuantaleCore is like an end to end replacement for Elasticsearch + Logstash + Kibana
My email is on my profile. Email me if you would like to discuss it more. I would be happy to give you a demo.
What do you use to get the news/aggregates ? Any specific API?
Is it open source?
And is the sentiment only based on title? I built a similar product not long ago, would love to see how how it's built and perhaps contribute :)
Honestly, it was super simple to put together; I pull data from https://stocknewsapi.com, which I've found to be very high quality and reliable (I'm using their sentiment classifications as well, so not exactly sure what model is behind that).
The project isn't currently open source, but I'm definitely considering it. I built it with Elixir + Phoenix, with a couple main objectives:
- Familiarize myself with Tailwind - Set up a really smooth developer experience - Learn about deploying Elixir + Phoneix apps - Build something of some use!
I'd love to see your project as well – happy to discuss more!
I really just built it to get acquainted with Elixir + Phoenix, and wanted to share it with the community :)
Having commentary on a site like this is a great way to turn into WSB/StockTwits and/or have people attempting to pump and dump.
I don't know; I'd be pretty pleased to be running (and monetizing!) a site at the scale & impact of WSB.
I honestly just built this project as a tool to aggregate market news for myself and build something simple with Elixir + Phoenix.
I don't have any plans to add commentary – but I do intend to keep it running and building things that are helpful to myself and the community!
Looks good.
example: https://ftx.com/trade/SPY/USD