I've recently signed up for IH and think it is a great community. However, it sometimes feels like a lot of the products and ideas are targeted to indiehackers, makers, startups, which makes it difficult to validate ideas aimed at different industries.
That's why I'm glad this group was started. I'm developing a very simple web app but before I develop it any further I wanted to see from Stock Market enthusiasts whether they would find my product useful. I won't say much here. I'll let my landing page do the talking. Here it is:
I'd be happy to get your feedback.
Hi ! Let’s start saying that I like the idea and also the landing page has a really nice design ! Anyway I agree with what @mnmlst, I too prefer invest for the long term . I don’t follow some momentum strategy. For me, at least right now , according to my investing strategy it is something that I wouldn’t pay for 🙂
Thanks for the feedback Marco. May I ask what kinds of things you look at when investing long term?
Personally I'm more long term and won't let one quarter determine a buy or sell. But others may be different. So you need to talk to more users to find out if this is what they want, and your post is part of that.
So if I were a trader, I would think is gauging the sentiment a problem for me? Would knowing the sentiment would help (me make more money). The second question is does gauger accurately represent sentiment?
As a founder I would think if my product delivers enough value to charge enough for it? I personally find my pricing is not high enough to persue various channels of customer acquisition such as paid advertising. If I wanted to raise prices, I would consider if my product makes money for customers, solve a problem they would pay to solve, or otherwise bring positive feelings (e.g., prestige) to them.
Thanks for taking the time to respond. I am indeed testing if there is enough of a user base that would trade on earnings. Perhaps not. One thing I did notice is that there seems to be a group of people that do enjoy participating in this kinds of polls, for whatever reason.
You are right, accuracy of sentiment is a tricky thing and it seems that the only way to test for it is to actually see it in practice. The prestige aspect is something that could help address this. Perhaps gamifying the gauging process in a way that would rank Gaugers for accuracy against some benchmark.
Thanks for the feedback. It's given me some things to think about.
The obvious drawback here is the lack of evidence that this data has any real use to the investor/trader.
You need to correlate the data to subsequent stock price movements. If you can say "every time AMZN has been rated X, the stock has gained Y% in Z months", then you have a product winner. If you can't say something like that, then why should any investor/trader bother paying for the info?
Thank you colcol. You are absolutely right. There needs to be a benchmark the gauge can be compared against. As you say stock gains in subsequent months could be it. At the moment, the paid service was thought of more as a filter so that not just anybody who is bored can gauge any stock. Sort of like an admission to a club. It's becoming clear that it is not enough :). Again, thanks for your feedback.
Anybody who is bored can trade shares in real life, so why exclude them from your site? Their opinions, even if superficial, can be useful -- they may turn out to be contra-indicators! For a site like this to work, you need lots of opinions for your data to have some significance.
So my idea -- make it free and collect sentiment data by asking users to rate any 5 stocks to a simple question such as "will stock XYZ be higher or lower in 90 days time?". Create a leaderboard to generate interest and then try and work out any correlation between the data and the subsequent stock performance. You could then charge for any obvious correlation. You could also encourage participation once the paywall is introduced by sharing the proceeds with the top leaderboard users, with the leaderboard reset every so often to keep the ratings coming in. There are lots of people around who will speculate on stocks over a 90-day timeframe (or less!).
you should also add other point that dont move that represent street-wide research firms. for example BoA buy/sell and beat miss estimates indicated by a black dot. so you have a bunch or research firms indicated by black dots, and the moving white dot on top of them. when you hover over a black dot, it shows you which firm it represents
I like this idea a lot. Gonna give it some more thought. Thanks.