The video is a comedy sketch in which the host, Michael, presents a concept of a goldfish named Frederick that can trade stocks. The idea is that Frederick, living in a fish tank with a front-facing camera, is presented with two stock options each morning. Frederick spends more time on one side of the tank, indicating his preference for one stock over the other. The host then uses this information to trade stocks in the real world.
Michael has a rival, Graham, who has a similar setup but uses a group of Wall Street bets on Reddit to make his stock trades. The two setups compete against each other, and their performance is tracked over time.
Michael also develops a sentiment analysis bot using data from the Wall Street bets subreddit. This bot analyzes the sentiment of each post and makes stock trading decisions based on the most positively received stocks.
The host admits that he initially had trouble making money with the fish trading system but later managed to make a profit. He also reveals that he sold all the stocks in the portfolio and used the money to buy better filters and food for Frederick.
In the end, the host suggests that viewers can buy and sell stocks like Frederick using Public.com, a commission-free trading app. He also mentions that he will be investing solely based on the decisions made by Frederick in the Public app.
Here are the key facts extracted from the text:
1. The author quit YouTube to trade stocks full-time six months prior to the video.
2. The author created a system to track a goldfish's movements and translate them into stock trades.
3. The system uses a camera to track the goldfish's movements and a computer program to execute trades based on the fish's decisions.
4. The author created a data set of labeled text from the Wall Street Bets subreddit to train a sentiment analysis bot.
5. The author spent a month learning the React web framework and building a website to allow users to label data for the sentiment analysis bot.
6. The author asked Wall Street Bets members to label 10,000 posts, which were used to create a data set for the sentiment analysis bot.
7. The author used the data set to train a sentiment analysis bot that can analyze text from the Wall Street Bets subreddit.
8. The author created a competition between the goldfish's stock picks and the picks of the Wall Street Bets community.
9. The author consulted with Graham Stephan, a financial expert, to review the performance of the two portfolios.
10. The goldfish's portfolio outperformed the Wall Street Bets portfolio.
11. The author pitched a startup idea based on the goldfish's stock-picking abilities to a group of investors.
12. The author sold the stocks in the portfolio and withdrew the money, which totaled $1,017.59.
13. The author used the money to buy better filters and food for the goldfish.
14. The author created a poster using data from the competition between the goldfish and Wall Street Bets.
15. The sponsor of the video is Public.com, a commission-free trading app.