Inspiration
Investing can be daunting for many Americans, and many are unsure what resources and economic opportunities are credible. The few who do invest often put their money into large funds that charge exorbitant management and premium fees. We realize the need for a collaborative, free service in which groups can invest together while becoming financially educated as a byproduct.
What it does
Gestalt Trade is an innovative tool that fosters a collaborative trading experience. Individuals place their funds into a common pool of money, and they vote on stocks to invest in based on their stake in the fund. Of course, each individual receives the returns based on their stake as well.
Features:
- Collaborative, streamlined trading experience for groups
- ZERO Premium or Management Fees
- Public groups divided by strategy
- Innovative voting-by-stake model
- Dashboard to summarize finances
- Proper, secure user authentication
- Automatic group account creation
How we built it
Alpaca API, Node.js/JS, HTML/CSS, etc.
Challenges we ran into
Implementation and integration of all the different APIs proved to be a struggle Trading API’s required significant setup and financial info, and API calls were difficult with JS. Had to use an alternative NodeJS API (Inventing Wolf) instead of the official Alpaca API. Trading API’s model after the actual stock market, so not available for processing buys until the market opens on Monday. Firebase integrations for authentication and real-time database PUSHing and GETting data from the database Translating large codebase to Node.js from vanilla JS on Saturday night Difficult to implement all these features together at the same time
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