Posted on Jun 9, 2024
Stock traders are trying to beat the market — by copying lawmakers
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Public polling shows most Americans don't think much of Congress. But some investors think lawmakers are doing one thing right — picking stocks — and this has prompted a whole new class of products to copy their trades.
Traders and market watchers are using publicly available data to track which lawmakers are reporting big stock market gains. They believe that information provides an edge on the market, and companies are selling access to tools that track those profitable lawmaker trades.
Traders and market watchers are using publicly available data to track which lawmakers are reporting big stock market gains. They believe that information provides an edge on the market, and companies are selling access to tools that track those profitable lawmaker trades.
Stock traders are trying to beat the market — by copying lawmakers
Posted from npr.org
Stock Market
Stock Trading
Investing
Congress
Government
Posted 6 mo ago
Responses: 1
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It's wild how stock traders are always looking for a new edge. Copying lawmakers is a pretty wild strategy, but it kind of makes sense when you think about it. Lawmakers know things before they hit the news, so some traders try to get in. I don’t know if I’d trust it 100%, but people constantly chase that “insider” info.
If you’re into trading and looking to try something more straightforward, have you checked out some prop trading platforms? They let you deal with their capital so you can get started without putting too much of your own money on the line. If you’re curious, The Funded Trader is good; you can even get a discount using https://proptraderhub.com/the-funded-trader-discount-code/ . Dipping your toes in the water without going all in might be worth a shot.
If you’re into trading and looking to try something more straightforward, have you checked out some prop trading platforms? They let you deal with their capital so you can get started without putting too much of your own money on the line. If you’re curious, The Funded Trader is good; you can even get a discount using https://proptraderhub.com/the-funded-trader-discount-code/ . Dipping your toes in the water without going all in might be worth a shot.
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