Tech Influencer Gives Goldfish $50,000 To Trade Stocks In Viral Video – Here’s What Happened
Can a goldfish outperform the average investor when it comes to trading stocks?
A popular YouTube creator and tech enthusiast just made it his mission to find out.
Michael Reeves designed an automated system that turned his goldfish Frederick into a day trader.
He went big, giving the fish $50,000 to deploy to market – and the results went viral.
At the opening bell, the goldfish was given a choice of two random stocks to select from. Whichever side of the tank Frederick spent the most time on, he determined which stock he favored.
Reeves used a bespoke tracking system to identify his boyfriend’s orange pixels and automatically deploy capital to the market once his pet choice was clear.
But he realized Frederick needed some competition and decided to turn to WallStreetBets, the infamous group of meme traders that took the stock market by storm last year.
Reeves used sentiment analysis software to determine which stocks WallStreetBets’ most popular traders are bullish on and let the battle begin.
After three months of trading, Frederick made his way to $1,007 in profit, while meme traders lost $6,091.
Perhaps more remarkable is the fact that the fish also outperformed the Nasdaq by around 13%.
Although Reeves cautions that nothing in his video constitutes investment advice, he pitched the project to a group of people with startup experience to see if they would bite.
But for the moment, they do not bite the bait.
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Featured Image: Shutterstock/Sensvector/Jorm S