The goal of Earnings-Reports-Bot is to automate the trading of earnings reports data. The plan consists of several stages of development, each aimed at enhancing the functionality and usability of the bot.
- What is an earnings report? - investopedia explains here
- How might one trade an earnings report? - Forbes explain here
- Is this strategy recommended? - find out why it probably isn't on r/WallStreetBets
- Gather data from multiple sources (financial databases and APIs)
- Data cleaning and validation to ensure accuracy
- Store collected data in a database
- Integration with messaging platform (Telegram or Discord) to facilitate user interaction
- Alerts about upcoming earnings calls
- Simple trading model that produces buy/sell signals
- Implement risk management strategies to mitigate potential losses
- Automatically execute trades based on the signals generated by the trading model
- Integrate with brokerage APIs to place trades automatically
- Monitoring and reporting features to track the performance of the trading strategy over time