Stock Stream went live yesterday and allows viewers to vote every five minutes on which stocks to buy or sell, using $50,000 fronted by a software developer. The move that gets the most votes is initiated automatically through the free trading app Robinhood.
There are some limitations. Day-trading regulations require the pool of money to stay above $25,000. If it dips below that amount, trading has to stop and the game is over. And there are some small repercussions for those participating. If a stock you voted for is purchased and does well, you’ll get points (for whatever that’s worth). But if something you voted for does poorly, you’ll get docked, though the scoring rules are likely to change.
Trusting a random group of people with thousands of your own dollars seems like it could easily go awry. But with only 78 trades happening per day, even a colossal failure is likely to happen at a fairly slow place. As of writing, Stock Stream is down for the day but up around $40 over all. And if working to make someone else more money feels like a gross capitalist use of Twitch, just check out the Bob Ross channel or the end of the Mister Rogers’ Neighborhood marathon. Those are always a good time.