![]() So, are Quiver Quantitative trading strategies good? Not every single one of them is profitable over a long period of time.Īre Quiver Quantitative Trading Strategies Good? On top of that, House Representatives might not be the BEST investors with a proven investment track record.īelow is the trading performance of several House Representatives. So, simply copying their trades most probably would not turn out well for you. The trades that make sense to them might not work for your situation. Let’s look at another type of alternative data which is Senate Trades or House Trades.īelow are the recent trades made by House Representatives.ĭo you follow them to buy (or sell) the stocks as well?ĭon’t forget that House Representatives are only required to disclose within 45 days of their transactions.īy the time of public disclosure, the share price might have already moved either up or down.Īlso, you don’t get to see the full picture of the representative’s entire portfolio and everyone’s investment objectives are different.įor example, you don’t know their current stock position and options position. This is especially true if you are just trading based on tips from random strangers on Reddit or Twitter or Youtube. When it comes to trading, the risk is very high. So, retail traders did him a favor to help him turn his initial losing position into a huge realized win of $60 million. highly risky).ĭid you know that Billionaire investor Ryan Cohen sold his entire stake in Bed Bath & Beyond when the Reddit retail traders ran the price up to about $20? The only thing you get from the data is that the stock is going to be volatile (i.e. Would the data provided by Quiver Quantitative tell you when to get in and when to get out? People who bought on the way up would be looking at a losing position if they didn’t get out in time at the high. However, it crashed all the way down to a new low shortly after that. Recently, Bed Bath & Beyond was the most mentioned stock.Īs you can see, it shot up from around $9 all the way to slightly more than $20 in a span of a few days. So, the question becomes, is this alternative actually useful in helping you make investment decisions?īelow are all the types of alternative data you can find on Quiver Quantitative.Īfter going through them one by one, I find most of these data are not actionable data.įor example, Data from Reddit WallStreetBets shows you which stock is most talked about over the past day or 7 days, or the past month.ĭo you go and immediately buy the most mentioned stock? So, how do you use Quiver Quantitative platform?Įveryone can use the alternative data on its platform for free, as long as you register a free account. Generally, all the datasets are updated daily except the Reddit/WallStreetBets dataset which updates throughout the day. So, Quiver Quantitative downloads those disclosures and gets data on their stock trades. Congress to publicly file and disclose any financial transaction within 45 days of its occurrence. It scrapes alternative data from across the internet and then aggregates them.įor example, it scrapes free and public information from the FDA website, Reddit/WallStreetBets, Twitter, Glassdoor, and the US Patent Office website.Īs for Congress trades and House trades, the Stock Trading on Congressional Knowledge Act requires members of U.S. How does Quiver Quantitative get this alternative data? On the other hand, alternative data includes data on things like Congress trades, social media discussion, web traffic, US patents, and government disclosure. Traditional data refer to data on things like financial statements, earnings, dividends, and analyst estimates. Where does Quiver Quantitative get its data?Īlternative data is non-traditional data. Quiver Quantitative is an investment data platform, founded in Feb 2020 by two college students, to provide investors and traders with alternative data to help them make better investment decisions. Is this investment research platform reliable?Ĭan you really invest better using the data and strategies provided by Quiver Quantitative?Īfter using Quiver Quantitative, I will share with you everything about my experience and help you make an informed decision. How do you actually use Quiver Quantitative to find investment ideas? DISCLOSURE: THIS POST MAY CONTAIN AFFILIATE LINKS,MEANING That I GET A COMMISSION IF YOU DECIDE TO MAKE A PURCHASE THROUGH MY LINKS, AT NO COST TO YOU.
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