Fintech Startup StoryTrading Launching Social Investing Platform to Turn Tables on Wall Street
Published July 14, 2021 @ 3:48 pm
— New Social Investing Platform Leverages Wisdom of the Crowd to Make Sense of Financial Markets —
NEW YORK (July 14, 2021) – StoryTrading, a social investing platform that helps individual investors and traders understand the story behind the trade, today announced the upcoming launch of its app, which blends crowdsourced research, social collaboration and data visualizations to reveal hidden information about stock trades.
The platform turns the tables on Wall Street insiders by empowering individual investors, both beginners and seasoned traders alike who lack the resources of hedge fund managers and other institutions, to collaborate and make more informed decisions about buying and selling stocks.
“Individual investors are often in the dark about why stocks do what they do, and StoryTrading’s app levels the playing field with institutions by making sense of markets through crowdsourced feedback,” said Ben Rabizadeh, founder and CEO of StoryTrading. “Our platform is designed to help investors discover, collaborate, and validate market-moving information. Through crowdsourced research, social collaboration and easy-to-understand data visualizations, StoryTrading democratizes information that empowers investors to make smarter trades.”
StoryTrading integrates crowdsourced research and market data to help investors discover “nuggets” of information and easy-to-grasp visualizations of the factors influencing a stock, including fundamentals, technicals, catalysts and sentiment. The app’s crowdsourced data points may include channel checks, the scrubbing of news releases and SEC files, conversations with management teams and investors, among other sources of information that contribute to a stock’s story.
“StoryTrading makes investing more fun and social for its members,” said Jason Raznick, founder and CEO of Benzinga, a financial news and analysis service that focuses on global markets. “Bringing together the hidden stories that are moving the markets, it allows investors to spot trends as sentiment is shifting, and pairing this narrative analysis with typical technicals can help give traders an edge in the market.”
StoryTrading is launching its app at a time when retail investors want to make their money smarter following pandemic-fueled interest in the stock market and the proliferation of commission-free trading platforms.
Rabizadeh said he founded StoryTrading to help investors better understand market dynamics after his success launching a trader community in 2018 and leading collaborative investing groups on the popular messaging platform Whatsapp.
Rabizadeh is a long-time trader, successful entrepreneur and former pharmacist who believes the market acts efficiently in the vast majority of cases and there is usually a reason why stocks move or why some stocks seem perpetually undervalued or overvalued.
“There is almost always a definable, understandable, and identifiable reason why stocks do what they do,” Rabizadeh said. “That’s why we’re onboarding content creators who conduct research on stocks and collaborate to build a mosaic that demystifies markets, which ultimately informs better trading decisions.”
StoryTrading will soon launch its first application on mobile through iOS and Android platforms. The company invites those interested in turning the tables on Wall Street elites to sign up for the private beta launch of the mobile app at www.storytrading.com.
StoryTrading is a social investing platform that makes sense of the stock market by crowdsourcing research from investors to understand the hidden story behind the trade. The platform turns the table on Wall Street insiders by empowering individual investors, who lack the resources of hedge fund managers and other institutions, to make more informed decisions about buying and selling stocks. StoryTrading is a place to discover, collaborate, and validate market-moving information. Through crowdsourced research, social collaboration and easy-to-understand holistic data visualizations, StoryTrading democratizes information that helps investors make smarter trades. Investors interested in turning the tables on Wall Street insiders are invited to sign up for the private beta launch by visiting www.storytrading.com.