5 ms·

Can't disclose the exact capital, but the initial investment was less than the monthly profit.

by sebyddd 10y ago

machbio 10y ago
not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ? Definitely feeling like this is faux.. Edit: Some pointed it is an Indian Marketplace - but the article mentions that Initrinio provided real-time data but Initrinio only provide IEX (https://intrinio.com/marketplace/data/prices/realtime https://intrinio.com/marketplace/data/prices/realtime)
- Miner49er 10y ago
  OP is trading on Indian markets, so there is no pattern day trading rules. It's not made very clear in the article and I was confused for a bit as well.
- samfisher83 10y ago
  If he invested less than the monthly profit he it means he making more than 100%. That is pretty insane.
  - brianwawok 10y ago
    You can make more than 100% going to the slot machine at the casino. The difference between gambling and trading is not that big. Trading has more ways where you can get an edge over the house, but it is not that different from poker or slot machines.
    - rtstreak 10y ago
      Well, there is a difference. One takes skill, the other takes luck. The success rate in stock trading is directly influenced on your skill.
    - samfisher83 10y ago
      If you make a million spins of $1 each you will end with $800000 or whatever the state law is regarding payout. In general an index fund will go up since most economic policies are geared toward inflation.
      - brianwawok 10y ago
        HFT is not an index funds. No relation.
        samfisher83 10y ago
        You were talking about stock market vs slots and that is what I am talking about.
        brianwawok 10y ago
        You cannot tell me what I was talking about because you aren't me :) Trading is HFT. For anyone else, you should buy an index fund and never touch it. Day trading is a really bad HFT and bad gambling.
- rtstreak 10y ago
  Intrinio does provide data feeds for Indian exchanges as well: https://intrinio.com/data/national-stock-exchange-nse-prices https://intrinio.com/data/national-stock-exchange-nse-prices He said he trained it based on Intrinio, not that he relies on it for live quotes.
- sebyddd 10y ago
  Intrinio provides data feed for Indian markets: https://intrinio.com/data/national-stock-exchange-nse-prices https://intrinio.com/data/national-stock-exchange-nse-prices As mentioned in the post, I only used it to train the models on, not to get the live quotes for trading.
  - machbio 10y ago
    So you are saying you trained your models on EOD data and your bot performs live trading on live feed from Kite.. Ok, enjoy the Bull Run..
- deleted 10y ago
  [deleted]

Can't disclose the exact capital, but the initial investment was less than the monthly profit.

by sebyddd 10y ago

Can't disclose the exact capital, but the initial investment was less than the monthly profit.

not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ? Definitely feeling like this is faux.. Edit: Some pointed it is an Indian Marketplace - but the article mentions that Initrinio provided real-time data but Initrinio only provide IEX (https://intrinio.com/marketplace/data/prices/realtime https://intrinio.com/marketplace/data/prices/realtime)

Miner49er 10y ago
OP is trading on Indian markets, so there is no pattern day trading rules. It's not made very clear in the article and I was confused for a bit as well.
samfisher83 10y ago
If he invested less than the monthly profit he it means he making more than 100%. That is pretty insane.
- brianwawok 10y ago
  You can make more than 100% going to the slot machine at the casino. The difference between gambling and trading is not that big. Trading has more ways where you can get an edge over the house, but it is not that different from poker or slot machines.
  - rtstreak 10y ago
    Well, there is a difference. One takes skill, the other takes luck. The success rate in stock trading is directly influenced on your skill.
  - samfisher83 10y ago
    If you make a million spins of $1 each you will end with $800000 or whatever the state law is regarding payout. In general an index fund will go up since most economic policies are geared toward inflation.
    - brianwawok 10y ago
      HFT is not an index funds. No relation.
      - samfisher83 10y ago
        You were talking about stock market vs slots and that is what I am talking about.
        brianwawok 10y ago
        You cannot tell me what I was talking about because you aren't me :) Trading is HFT. For anyone else, you should buy an index fund and never touch it. Day trading is a really bad HFT and bad gambling.
rtstreak 10y ago
Intrinio does provide data feeds for Indian exchanges as well: https://intrinio.com/data/national-stock-exchange-nse-prices https://intrinio.com/data/national-stock-exchange-nse-prices He said he trained it based on Intrinio, not that he relies on it for live quotes.
sebyddd 10y ago
Intrinio provides data feed for Indian markets: https://intrinio.com/data/national-stock-exchange-nse-prices https://intrinio.com/data/national-stock-exchange-nse-prices As mentioned in the post, I only used it to train the models on, not to get the live quotes for trading.
- machbio 10y ago
  So you are saying you trained your models on EOD data and your bot performs live trading on live feed from Kite.. Ok, enjoy the Bull Run..
deleted 10y ago
[deleted]