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Comment for KISS Initiative Reporting

  • From: Joseph A Wills
    Trustedprotege investing

    Comment No: 61231
    Date: 5/20/2017

    Comment Text:

    First off thanks for making this possible!

    Also no one knows this forum exists try creating a twitter account to promote the website, the dark web gets more attention than this.

    With regards to reporting information to the public I have found gathering detailed ACCURATE information about market transactions to be nearly impossible. Don't get me wrong its been getting easier with time to find various datum and I appreciate all the free data I've found.

    There are numerous sources for obtaining things like short sale data or open interest levels, but almost none of them are reliable. The data will always be delayed to some extent unless if we the public user pay for the 'advanced package'. Often these prices range from 100$ to over 3000$ in order to obtain accurate information. I understand that these things come at a cost and am more than willing to contribute, but I simply cannot afford the data that I'm looking for. Often the more usable the data, the more expensive it will be to obtain. I would say in order to obtain a complete package for all of the relevant data that an average investor could find useful; it will cost anywhere from 8000-10000$ per year, and that's just for the most basic of useful data.

    This gives other investors who've got disposable income a huge advantage over those of us who are trying to get started. Number 1 they have lots of money to invest with and make more money on top of. Number 2 they have access to the privileged data that would provide even that most amateur investor with clairvoyant analysis of their investment.

    The information I find hardest to obtain is:
    -Daily Short interest volume (found some reasonably priced data providers)
    -Daily Short Open Interest (I don't believe this exists)
    -Daily Institutional Holdings (Firms move unprecedented volumes that we can't see)
    -Dark pool trading volumes (expensive but inaccurate data available)
    -Intraday Stop-Loss orders (Not sure if this is available to anyone for that matter)
    -Accurate Level 2 data (I have level 2 through my broker but its incomplete)
    -Weekly Option Execution volumes (maybe I haven't found it yet, but no data seems to be available for finding exactly how many options and at what price these options are executed at)
    -Daily Put/Call writes for individual stocks (volumes are available but it doesn't paint a picture to what amount of the open interest is short)

    To my understanding all of this data exists, but only to a privileged few who either have access because of their occupation or wealth.
    As an amateur investor whose struggling to get his feet off the ground I find it daunting to go up against the financial giants; particularly because I'm doing it blind. It also makes it difficult for regular joes to spot manipulation attempts in the markets; which lets face it, is a common practice these days. Special interest groups would be less likely to commit fraud and financial scheming if the public had access to this data at all times. The reason being a super rich conglomerate can buy off enough people in an organization like the SEC or FED to obscure the data making it impossible to find their misdeeds. However if the information was constantly and always readily available to the public; then the evil manipulators would think twice about committing their schemes because they can't pay off the public.

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