Applying NLP to the internet's most prolific traders(marketstream.io) |
Applying NLP to the internet's most prolific traders(marketstream.io) |
While some people may consider these internet sources as amateurish, otherwise "traditional" investors are beginning to appreciate the unique perspectives offered by these internet communities, as noted in Bloomberg: https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-...
It has become clear that people are paying attention to the conversation; however, without applying some structure to the comments it can feel like a tornado of emotion, and the overall sentiment is unclear. I realized there needed to be a better way to keep track of the changes in coversation, and that's why I decided to build marketstream.io.
Marketstream.io applies NLP to social media streams to categorize the all of the many ways people talk about the stocks that they are trading right now--whether people are talking about buying stock, or making bets with option plays. On top of the NLP platform is a responsive user interface that allows you to spot the trends that are happening in different areas of the market, and watch as trends change in real-time in reaction to today's turbulent news cycle.
Marketstream.io was released in early November of 2020 and is still in alpha, but I am already enjoying the bird's eye view it offers. I am now focused on getting feeback from users and adding more features that can help people make better decisions about how they'd like to trade.