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Share Predictions

Quantitative Trading & Investing Solutions

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December 29, 2022 Summary of Share Predictions in 2022

What a year it has been for Share Predictions mobile app. Here is the summary of what has happened.

In a nutshell, Share Predictions offers quantitative trading & investing tools in the form of AI powered predictions for the price change of stocks, trading portfolio practices, and also analysis tools to perform technical analysis on stocks.

And it is essentially available in both

Apple App Store
https://apps.apple.com/se/app/investing-stock-market/id1602383978?l=en&platform=iphone

&

Google Play Store
https://play.google.com/store/apps/details?id=com.loheden.investing_stock_market&hl=en&gl=US

Here is (almost) chronological list of things that have happened:

  • Released in Apple App Store
    This is not rocket science. Any entrepreneur having an app should publish his/her app in Apple App Store.

  • Launched at ProductHunt
    I am not a huge believer in ProductHunt. I still did that though because it does not hurt to launch your product there either.

  • Shared it in different subreddits and my whole account was banned from Reddit right away.
    It was expected that my posts would be deleted and I would be banned from subreddits but it was sort of unexpected that my entire account would be shut down. My posts did not stay there long enough so I cannot really measure whether it helps or not.

  • Shared it at friendly Indie Hackers
    Not sure if my customers hang around at Indie Hackers but I shared it anyway because I like the platform and there are lots of like minded people here.

  • Created a Twitter account for the app ( https://twitter.com/SharePreds )
    The product's Twitter account has around 50 followers as of today. And my personal Twitter account ( https://twitter.com/mertswork ) has even less. I should probably invest a bit more time on my Twitter accounts moving forward.

  • Created a YouTube channel ( https://www.youtube.com/@SharePredictions )
    It is actually a great platform to create an audience.The important thing is that I should provide high quality video tutorials. I recently started putting more time and energy into this. People really appreciate high quality material.

  • Linked to my app in several Quora questions
    Did it help..? Not much so far... I might have chosen the wrong questions because not many people have seen my answers based on stats.

  • Released in Google Play Store
    Not to publish an app in Play Store is not an option. Even if people are less willing to pay for apps in this market, it is still huge and cannot be ignored.

  • Tried paid ads (Facebook and Apple Search Ads)
    In the domain of financial products, you compete with such companies with huge, but really huge, marketing budgets. For instance, in the case of Apple Search Ads, you need to be ready to pay something between 15 USD and 40 USD for "Cost per Tap". It is not even "Cost per Install", it is "Cost per Tap"! My marketing budget is already very small so I gave up on paid ads. Even if some other (somewhat cheaper) search terms could have worked better, it is still a process of try and fail, and you still need to burn quite a lot of money to find the right setup. I unfortunately do not have the budget for that. Free options, even if it requires a lot of work, is the way to go moving forward.

  • Lots of changes to improve ASO (App Search Optimization)
    Share Predictions is a stock market app. It is quite clear to me that ASO alone is not enough to become visible in search results because the competition for any financial term you can come up with is very harsh. It is still a field that cannot be overlooked.

  • Started adding blog posts to the Web site of Share Predictions to improve SEO (Search Engine Optimization)
    The thinking behind this is that I aim to increase the visibility of https://www.sharepredictions.com on the Web. The Web site is linking to the app anyway so it may help.

  • Added new features to Share Predictions mobile app
    The major challenge is to reach people with a stock market (fintech) app. I still added new features and tried to improve the performance and features of the application along the way.

Focus areas for 2023:

  • Marketing
    Number of downloads is not really at the desired levels yet, and it is the biggest problem area as of today. Marketing is the single most important thing that I will be spending most of my time on in 2023. Activities will be focused on 3 fields:

Let's see how it goes...

merta

Comment

October 21, 2022 Developed the product I needed

I have developed Share Predictions, that offers quantitative trading & investing solutions. Such solutions are mostly only available to enterprises, having enormous resources to purchase such tools & related data. With Share Predictions, I would like to break this and make quantitative trading & investing solutions available to everyone. (https://www.sharepredictions.com/)

But why me, who developed this product...

  • I have worked with data analytics & predictive modeling for some years now.
  • I am interested in stock markets.
  • I am both a short term trader & long term investor.
  • I like taking decisions based on scientific models & data, and not based on my gut feelings.
  • Solutions I have found are either way too expensive or do not offer tools in the way I need them.
  • It actually all started with building certain scripts for myself, then it has evolved to a commercial product over the time.

What does it do?

In its current form, it offers solutions in 2 domains:

(1) AI powered predictions for short term trading.

  • Predictions aim to predict price movement of common stocks from US stock markets.
  • A separate prediction is given for each and every common stock.
  • A prediction that is above 50% indicates price increase expectation in the coming month. If it is below 50%, it indicates a price decrease expectation.
  • As the prediction gets closer to 100% (or 0%), it indicates a stronger expectation for a price increase (or decrease) in the coming month wrt the given reference stock price.
  • Predictions are renewed in the beginning of each market day as more data is collected from markets.
  • For each common stock, predictions from the past 5 business days are shared as well so that users can follow the recent trend of predictions for the stocks that they are interested in.
  • Each business day, a short list of stocks is published with biggest upside potential (based on algorithmic predictions) in the short term. (For penny stocks, a separate short list is shared. Penny stocks happen to be a lot more volatile.)
  • These short listed predictions aim to help traders create their short list of stocks to focus on for short term trading.

(2) Stock analysis tools

  • These analysis tools are aimed to be complementary to the AI powered predictions.
  • Apart from AI predictions, users can analyze any common stock (and ETF) by using charts based on variety of technical indicators, company financials, dividend history, and stock specific latest market news.
  • There is a strong Dividend Tracker function, that aim to help traders & investors to track which companies are about to pay dividends in the near future.
  • And it also offers a Stock Screener tool, which allows users to narrow down the number of stocks to create their own portfolios based on their own financial criteria that they set.
  • With all these tools, users can analyze any stock from multiple angels to take the best investment / trading decision.

Which platform?

Share Predictions is a mobile only tool. It is available in both Apple App Store & Google Play Store. Links are available at our Web site (for those who would like to check it out).

Challenges

(1) Marketing
Share Predictions is designed in a way so that it differs in multiple ways from its potential competitors. But even if it is the case, we compete for almost the same type of keywords as other giant companies' solutions/apps. For such finance & stock market related keywords, competition is extremely harsh. Such big companies seem to be more than ready to pay 20+ dollars per single tap in App Store.

(2) It is a costly application
Using stock market data in a commercial application costs a lot. Really a lot. :)
It doesn't end with data related costs. As it involves huge amount of processing, it comes with a high price tag for cloud solutions as well.

(3) It is a complex product.
I would prefer this challenge rather than the first two. But it is still a challenge. I can imagine that a company having more resources would hire a separate engineer for each and every field below:

  • Developing AI algorithms
  • Creating database for handling huge amount of data
  • Back-end development in cloud
  • Mobile app development

Current status & focus

The backlog is huge for new features. But my primary focus is to try to make people aware of the existence of Share Predictions.

There is a Youtube channel..
https://www.youtube.com/channel/UCwYtl-UROpqWuozhP54ksuw

There is a Twitter account...
https://twitter.com/SharePreds

But most importantly, SEO will be the focus for our Web site. Apart from social media accounts, SEO seems to be the most cost effective solution to reach people, if done properly.

merta

Comment

About

Quantitative trading solutions are mostly available to enterprises, and not affordable for individuals. Share Predictions aim to make quantitative trading & investing solutions available to individuals.

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mertaFounder