Discover more from Market Sentiment
Finally, it’s launch day! What started as an experiment in February is now more than 26,000 members strong, combining Reddit and the newsletter. Thank you so much for all the support and feedback throughout the development of the program. It was with your support and encouragement that we were able to reach where we currently are and create this product for you :)
The website has just gone live and you can access it here:
Dashboard: This was our single most requested feature where you can have a summarized overview of all the trending stocks with their sentiment and social media chatter details. We have toggles for summarizing this information across Day, Week, and Month.
Live Sentiment and Social Mentions: We are tracking chatter and sentiment details of more than 13,000 stocks as of now and you can access this using our search bar. This is for providing you with an in-depth view of how the chatter and sentiment trends have changed over time.
There are a lot of different websites which provided similar information. We even made our program open source, implying that it’s a matter of forking it and putting in a new UI.
The difference is that instead of rushing for execution, we spent most of our time in the last 6 months developing the sentiment model and bot/spam detection. We have added more than 5,000 words and their corresponding sentiment values to capture financial sentiment accurately. After the meme stock saga, we incorporated sophisticated bot and spam detection so that a few users would not be able to create so much chatter that it will bias the results!
Also, instead of focusing on a particular subreddit/niche, we have tried to include discussion chatter from 20+ investment subreddits and the entirety of Twitter so that the numbers you are seeing are truly representative of the overall interest.
There are a lot of exciting things in store and we will be updating you guys as soon as the next set of features go live.
Stock Price Information: We are thinking of adding the stock price graph as well as some curated financial information. We also want to alert users for unusual changes in metrics such as trading volume, insider trading, options volume, etc.
Live News and comments feed: The news and comment specific to a particular stock would also be added so that you have a one-stop solution for all the details (social media, News, and Financial Information) about that particular stock.
API: Some of the algo trading enthusiasts had reached out to me regarding providing an API for the chatter and sentiment data. We will be incorporating that soon into the website.
Penny stocks: We are in the process of creating a dashboard that is specific to penny stocks as they are the ones that have the most impact due to chatter and sentiment.
I will not be continuing the top stocks of the week post as it has become redundant! You can filter for the stocks having the highest growth, most chatter, and sentiment straight from the website.
Once again, a massive thank you for supporting our endeavor from the very beginning. Let us know what you think. Any suggestions and feedback from your side are much appreciated.
One last thing. This website would remain free as long as we can afford it! The only thing we ask in return is to like, comment, and share the site so that this can reach more people.