@_jacksmith Thanks! We <3 IFTTT at Trigger. A couple of key differences:
First, we use real-time stock market data from Nasdaq, while often times other feeds are delayed by 20 mins. This difference can be important to some investors.
Second, we allow you to trigger on other data streams that are market relevant, such as economic events and corporate fundamentals. We are focused on expanding this list to include different types of data that are correlated to most portfolios.
Finally, in the future, you will have the ability to trade automatically and directly within the app once your triggers get fired.
@waichi3@_jacksmith Great! I have used the Stocks channel on IFTTT as well but found it to be lacking with its delay in notifying simple upward or downward stock movements which would have allowed one to take decisions quickly and had to abandon using it. This seems to be a great solution by ensuring the information is useful at the precise time.
I have noticed Robinhood making great strides in reporting the movement of the stocks in the watchlist as push notifications at the precise moments of the swing. How do you intend to carve out a niche as Robinhood starts to build its tools to enable faster decision making for its users?
I find your second point above relevant to the question I have but wanted to learn on how you intend to balance on choosing & converting the data streams into useful information as they could either indicate a long term trend (which gives a bit of runway to make a decision on investing) or of short term spikes. Which kind of data streams would you first intend to integrate?
@harshinde@waichi3 Hello! Co-founder here. Thanks for the thoughtful question and feedback on Trigger! A few points in response to your questions - I hope that they're helpful:
1) Though not finalized, the next data streams we intend to integrate could include currencies (incl. crypto) and commodities. Other streams that have been requested include everything from weather feeds, Twitter sentiment, and alerts on the SEC's Edgar database. While the possibilities are endless, our priority at this point is to simply provide the streams that Trigger users ask for most.
2) Our intention is to make Trigger broadly available to all retail investors, so we've integrated with 8 brokers (including TDAmeritrade, Fidelity, and eTrade) and hope to expand that list in the future.
3) Lastly, our belief is that the potential utility of triggers is enormous, and largely untapped to date. Imagine chaining together multiple triggers into a single strategy; the potential for learning and experimentation is endless (in our humble opinion!).
Thanks again!
@waichi3 it could be great if we could create triggers based on groups/multiple stocks. e.g. rather than me having to create a new trigger for each stock that I'd want to get a notification if they have their corporate earnings soon; I'd prefer to just check multiple stocks as the 'criteria' for the trigger.
@_jacksmith I'm glad you brought this up!
We are working on a set of premium features that extend the power of Triggers 💪
Specifically being able to create "ANY Triggers" (catching events across all) and "Compound Triggers" (If this AND this AND...).
@_jacksmith awesome, yes would love that as well and we have that in mind to create what we call "any" triggers, like IF any stock today is at A 5year low"...
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