4 ms·

"Over the last few years we have built and refined seven algorithmic trading models. I did work on this full time for over 2 years before recently starting a ne

"Over the last few years we have built and refined seven algorithmic trading models. I did work on this full time for over 2 years before recently starting a new job. I've traded them with my own capital successfully since April, 2020, and I've averaged 75%+ annual return. Monetizing the algotrading models I've built over the last 2+ years." Lot's of conflicts there. You need to polish up your story. Nobody, NOBODY is going to put 500k on a bot which is still in development. Also how come you had exactly 500k? Not 497K or 502K for example? I've been developing cryptocurrency bots since 2013 and I don't see any reason to sell the signals to anyone ever if they turn out to be profitable. Last year, It seems, I finally made a few profitable bots but let's see how it goes. If they all turn out to be bad, I'm not going to start selling them like everyone else. I'm going to try again. Beating the SPX500 on bull runs is easy. Just buy the index future with higher than 1x leverage. It will work until we get another market crash. Have you backtested your bots during 2000-2006? How does the P&L curve look? Sorry, but I get pissed off at people who sell bots to people who doesn't understand how hard it actually is to make them profitable. Yeah, they may be your customers for a few months but then they are going to try another bot hoping it would be better.

pyrrhotech 5y ago
My bot was in full time development for more than 3 months before I started trading live with it, I had traded manually previously for 15+ years, and I was highly confident the bot was better than me. Why not put money into it? The execution framework is extremely stable. My models do not use any leverage, and they perform better in volatile markets than stable ones. In fact, the only way they can gain alpha is from avoiding drawdowns because during long signals they get exactly the same returns as SPX. And yes, you are right, it is incredibly difficult to make a profitable bot. 2020 isn't the full story, that's when I decided to give it my full time effort of 80+ hour weeks. As long as the bots continue to perform near the backtest, yes eventually I would become wealthy with them without other monetization, and as mentioned in other posts, a net worth in the high 8 figures, probably dwarfs what I can make with this website and service so I make no guarantees that it will always be around. That said, I'm enjoying running it and having real people use my product, and it does not hinder my own returns, at least not at our current scale. Side note: FWIW I think it's probably harder to make a successful crypto bot than equity bot because crypto is far more speculative and doesn't have as much fundamental and macro backing it up--would have to be mostly TA, sentiment and there's bound to be more inherent randomness to the movements since it is so new and speculative.

pyrrhotech 5y ago

My bot was in full time development for more than 3 months before I started trading live with it, I had traded manually previously for 15+ years, and I was highly confident the bot was better than me. Why not put money into it? The execution framework is extremely stable. My models do not use any leverage, and they perform better in volatile markets than stable ones. In fact, the only way they can gain alpha is from avoiding drawdowns because during long signals they get exactly the same returns as SPX. And yes, you are right, it is incredibly difficult to make a profitable bot. 2020 isn't the full story, that's when I decided to give it my full time effort of 80+ hour weeks. As long as the bots continue to perform near the backtest, yes eventually I would become wealthy with them without other monetization, and as mentioned in other posts, a net worth in the high 8 figures, probably dwarfs what I can make with this website and service so I make no guarantees that it will always be around. That said, I'm enjoying running it and having real people use my product, and it does not hinder my own returns, at least not at our current scale. Side note: FWIW I think it's probably harder to make a successful crypto bot than equity bot because crypto is far more speculative and doesn't have as much fundamental and macro backing it up--would have to be mostly TA, sentiment and there's bound to be more inherent randomness to the movements since it is so new and speculative.