Hey folks,
Just wanted to get some feedback on an idea I’ve been working on. I invest in a few stocks and always find it hard to keep track of not just company-specific news, but also the stuff that might affect them indirectly, like raw material shortages, geopolitical stuff, supplier issues, etc.
So I’m thinking of building a tool where you just add the companies you've bought shares of, and it’ll track:
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News related to the company itself
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News about its suppliers or raw materials (like lithium for EVs)
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Industry-wide or country-wide developments that could impact it
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And maybe even summarize it so you know what matters and why
Basically something that helps you decide whether to hold, sell, or be cautious but without drowning in 50 news sites.
Just want to ask:
Does this sound helpful?
What kind of alerts would you care about most?
Would you use something like this? (or even pay a small monthly if it actually worked?)
Not trying to sell anything just figuring out if I should put time into this. Appreciate any honest feedback
Would you use a tool that tracks every important news (direct & indirect) about the companies you’ve invested in?
byu/EnergyRoyal9889 instocks
Posted by EnergyRoyal9889
8 Comments
So the exact same things basically any website with a watchlist does ?
Theres plenty of services already providing this, hence some daytraders etc are so profitable….
They get instant notifications on news, pumps etc and enter trades for the pump & dump.
You’re trying to re-invent the wheel, your time and money to proceed with….
That’s actually a solid idea – most retail folks miss the indirect stuff that really moves the needle, like supply chain shocks or policy changes. If the alerts are clean, real-time, and not spammy, traders would def pay a small sub for that. Key is speed and clarity, otherwise it’s just another noise machine.
Yes this is a great idea, especially indirect news which are very hard to find. The one that are most valiable are indirect news that concern the same sector or product but dont mention the company specifically.
You can tell from this tread that your problem is gonna be marketing .. You have to respond to every comment with explanation why your product is different . You have to educate which will be tough , it will take a lot of resources . Your product is at first glance just a news feed .
I don’t wanna say don’t waste your time on it , but don’t expect thousands of sing ups or even hundreds of sign-ups. If I were you I would work on a different idea.
I ‘ve been trying to come up with a stock software related idea as well but it is tough ..It seems that everything already exists and making a soft with few variations is not enough
It’s great to have a tool like this if you’re a day trader (those already exist). As an investor, that kind of news doesn’t really matter as it mostly affects short term stocks prices.
Any advantage this type of news provides, is inherently useful for active traders as it’s virtually impossible to take advantage of these signals due to existence of HFTs.
If I were an investor looking for a product like what you’re offering then sure, but it would definitely need to show that it is head and shoulders above anything else on the market.
More importantly if you can actually find a quality threshold for indirect news that shows correlation between your defined level of “indirect-news” and actual stock movement… then you’d probably have something that you could sell for billions or sit on it yourself and make money at will.
Seems very similar to Quartr