Show HN: My cofounder and I created a social platform for investment ideas

Re:Show HN: My cofounder and I created a social platform for... by jsomau on Wednesday April 21, 2021 @07:24PM (#26896649)

This new wave of social investment platforms is really exciting. Stocktwits is just noise. I'm still shocked Twitter hasn't capitalized on cashtags by at least showing market data. I've recently been a big fan of Commonstock: https://commonstock.com/ it actually allows you to link your broker through Plaid and shows a leaderboard based on actual % gain on positions.

That said, I like you bringing more competition to the scene!

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Re:Show HN: My cofounder and I created a social platform for... by joadha on Wednesday April 21, 2021 @07:54PM (#26896904)

Twitter is crawling with scammers and pump-n-dumpers. It's impossible to use it for investment talk. You spend all your time blocking people, and ticker hashtags are abused by people selling their discord channel or other crap. Also, if you express negative emotion toward a stock, its investors go out of their way to dox you or harass you. I had to set my account to "protected" because of this.

Twitter missed out on a huge opportunity. They should have listened to investors who user their platform.

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Re:Show HN: My cofounder and I created a social platform for... by holler on Wednesday April 21, 2021 @09:35PM (#26897671)

Interesting insight! Do you use Stocktwits? I see a lot of the same issues you describe with people abusing the cashtag & spamming their discord channels. Working on a new discussion site and I'd like to attract a community of people interested in stock/RE/investment etc.

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Re:Show HN: My cofounder and I created a social platform for... by stuartjm5 on Thursday April 22, 2021 @11:49AM (#26904124)

If you're interested I'd like to connect and learn about your plans for a discussion site. I think there is significant demand for retail investors looking for a quality community to learn and invest with.

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Re:Show HN: My cofounder and I created a social platform for... by holler on Thursday April 22, 2021 @04:21PM (#26907685)

That would be great! the site & my email are in my profile

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Re:Show HN: My cofounder and I created a social platform for... by DavidMcDoughnut on Tuesday April 27, 2021 @03:22PM (#26960274)

Thanks for the shoutout! (I'm David the Commonstock founder). We're sprinting to finish some things to improve content algos and sorting before we grow so it's very cool to see you and @joadha call out the value of that and to stay disciplined focusing on quality over quantity. It's actually the exact reason I started building it as a side project in 2016: I wanted a community for signal instead of noise. The original pitch deck said, verbatim: "stocktwits/reddit/twitter but without all the noise/garbage".

Anyways, Thanks for the kind words! (I'm all for more competition too, btw)

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Re:Show HN: My cofounder and I created a social platform for... by stuartjm5 on Thursday April 22, 2021 @11:48AM (#26904100)

Yeah, I agree - Commonstock is a nice/minimalist platform and the ability to see and investor's portfolio is useful. The issue I see right now with commonstock is that they are heavily reliant on twitter for content - which can be mixed in term in terms of quality of investment information.

We do have broker integration on our dev roadmap because we see that as a key aspect of the overall investment process: decision, execution, tracking.

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