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Here’s the most successful Congress stock trading bot in 2024

Here’s the most successful Congress stock trading bot in 2024

Many U.S. politicians have earned a reputation as extraordinarily savvy traders, with their investments frequently highly lucrative and often under suspicion, particularly after the allegations linked to and the outcome of the 2020 congressional insider trading scandal.

The many stock market successes of elected officials have made copying their trades – both manually and using trading bots – highly popular, and, indeed, strategies tracking Representatives’ and Senators’ stock trades have become commonplace.

Nonetheless, few have achieved such success in 2024 as the one tracking Representative Dan Meuser of Pennsylvania.

During the last 6 months, the strategy built to track Meuser’s stock picks handily outperformed the broader market and is up as much as 92.22%.

Furthermore, it is, so far, proving more than twice as successful as the next best politician-tracking strategy built by Quiver Quantitative, a platform most recognizable for sharing suspicious congressional trades on X, as the one mimicking Senator Sheldon Whitehouse of Rhode Island is up 38.44%.

Dan Meuser and Sheldon Whitehouse trading strategies 6-month performance. Source: Quiver Quant

Longer-term, the Meuser strategy is also highly successful as it returned 108.98% in the last 12 months, and 534.53% since backtesting began in 2019. It boasts a compound annual growth rate (CAGR) of 46.36% and a Sharpe ratio of 1.246.

A closer look at Dan Meuser trades

A closer look at the stocks Representative Meuser has been trading offers a glimpse into why the strategy tracking him is proving so lucrative. The politician, for example, acquired significant amounts of Nvidia (NASDAQ: NVDA) shares at an unrecorded time – though indicated to be prior to 2019 – and has been selling them in waves since. 

While the first recorded round of offloading, recorded in February 2022, is not likely to have been particularly lucrative, the later ones are likely to have generated major profits. 

The latest sales – Made on February 20, 2024, and filed on March 21 – may have generated as much as $132 per share sold. The total transaction is disclosed to have amounted to as much as $600,000 at the upper bound.

NVDA stock 12-month price chart. Source: Finbold

Even ignoring Nvidia, Meuser’s preferred sectors – information technology and communications – also do much to reveal why the strategy has been so successful. 

Multiple other stocks the Representative is known to have traded – such as Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) – have also been doing exceptionally well in 2024.

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