Commonstock Daily Sentiment - 2023/03/07
Image upload
Giuliano's avatar
Do you have a link on what is this based on? interested in reading that!
Porchester ๐Ÿ”บ's avatar
@giuliano_mana Same here, would bt keen to understand the methodology
Nathan Worden's avatar
@porchester The Commonstock Sentiment Indicator uses the text of comments on Commonstock, rating words as bullish or bearish, and then spits out an overall reading for the Commonstock community as a whole.

@lester manages the Natural Language Processing, so he may have a more technical explanation of the CS Sentiment Indicator if you're looking for more depth ๐Ÿ˜ƒ
Porchester ๐Ÿ”บ's avatar
@nathanworden if @lester has any more info, would be great to hear to get a better understanding :)
Lester Leong's avatar
@giuliano_mana was horrendously jet lagged but besides what Nathan posted, we actually use transformer models like BERT to read the comment sentiment. Once that's done, the sentiment gets fed into a model similar to XGBoost to decide to go long or short.

We ended up picking SPY and a SPY inverse. This way we dodge any very improbable margin call spots.

As for performance, it tends to trend pretty hard and actually has surprisingly decent day trading results. We opted for a more trend trade, since day trades would be hard to follow if people wanted to play along.
Nathan Worden's avatar
Fear and Greed Index fell a lot from 54 to 48.
CS Sentiment Indicator is unchanged from yesterday, holding at 0.39
Image upload
Nathan Worden's avatar
S&P 500 is down 1.46% today
Image upload
Nathan Worden's avatar
@giuliano_mana @porchester We did a feature on the CS sentiment indicator in the Commonstock weekly email a couple of weeks agoโ€” here's what was published:
Image upload
Nathan Worden's avatar
Giuliano's avatar
@nathanworden That's actually very cool! Didn't know you were using some ML feature. Thank you
Nathan Worden's avatar
@giuliano_mana yeah! Itโ€™s pretty awesome, glad you think itโ€™s cool ๐Ÿ˜Ž

Author

Related

Already have an account?