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by raymondmoay 1335 days ago
It does not as of now, but I’ll be working on shorting soon. The goal was to initially find good long term companies to invest in.

Regarding the verification email, I’m using Firebase Auth now, will figure out the cause. Thanks for letting me know! Have you tried resending the verification email?
1 comments
SamReidHughes 1335 days ago
I did check my spam folder and it didn't get any messages. But now, the third email got instantly delivered, into the spam folder (hosted by Fastmail), and I marked them as Not Junk.

Some more question/feedback:

- Is it a design decision that the commissions are high? I got 13 cents per share (on a stock priced at 49.89). I would expect more like 0.35 cents per share. I suppose that is forcing more long-term holding...

- I already find my trading in this website is not representative of my positions held in my actual portfolio. It's a lot less well balanced.

- I could trade when the market's closed -- at 3:10 AM ET. But S&P, Dow, Nasdaq, and Russell 2000 futures are running overnight. So that opens up a possible arbitrage. There is a similar one on individual stocks for any after-extended-hours news -- such as selling TWTR before pre-market hours on Friday (Oct 21).

- When I search for "BA" in the ticker lookup, the option "The Boeing Company - BA" was way down the list. The search box should prioritize exact match ticker lookups over company name lookups.

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raymondmoay 1335 days ago
Firebase is annoying damn. Will figure it out.

(1) yes high commissions are designed to promote long term holdings (hence the name of the platform). I’m still trying to figure out simulated taxes.

(2) hmm, do you mind elaborating? For me, it’s not an exact replica of my personal portfolio, but moving forward it should be a relatively good proxy to it.

(3) I think the commissions itself will eliminate profits from minor arbitrage, but large deviations are possible to arbitrage successfully. Thanks for this, I’ve added a ticket to solve this issue. Will implement open market timings for trades.

(4) Search is far from optimal for now... super rough MVP. Will improve of course.

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SamReidHughes 1335 days ago
(1) It would be hilarious if you included state taxes based on IP.

I think having no taxes would be a decent decision -- it could be an IRA.

(2) This is just a basic paper trading vs. real money difference in behavior -- TWTR at 49.94 will probably jump 8.4% in a week, so I went all in -- also, the presence of a leaderboard would reward more high variance decision-making. But what can you do.

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