pyrrhotech

12 ms·

31.
by pyrrhotech 3y ago
An algorithmic trading platform. I ran it successfully for a couple years with my own capital alone before opening it up to others ( https://grizzlybulls.com ). It's been quite successful compared to the S&P 500 since lau
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by pyrrhotech 3y ago
I'm an American that has bought and sold 3 houses and never once paid the 6% commission. It seems lots of folks don't realize commissions are negotiable, and that discount brokers exist who charge much less for roughly the same en
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by pyrrhotech 3y ago
yea if you want to go it the investing route, you need much better returns than 4% real. Personally I've been beating the market with algorithmic trading ( https://grizzlybulls.com/models/vix-ta-macro-mp-extreme ) b
34.
by pyrrhotech 3y ago
yes but making 7 figures annually is quite a bit different than simply having a 7 figure total net worth. The latter is achievable by most frugal middle class Americans over the course of a career, often much shorter. The former is usually
35.
by pyrrhotech 3y ago
what if you desire 7 figure income? very few full time jobs in this field would cut it. Only options are to either give up dreams and accept mediocrity, start a successful side business, or possibly work 100 hour weeks stacking multiple ful
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by pyrrhotech 3y ago
I would say upper class is about net worth, not income, and probably top 1% or so would qualify
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by pyrrhotech 3y ago
Here's another good one. You almost certainly will never make it to the upper class with this career, no matter how well you perform, unless you transition to management and climb to VP+ in a large company or start your own company. Yo
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by pyrrhotech 3y ago
He's worth way more than that. https://www.bloomberg.com/billionaires/profiles/jenhsun-huan...
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by pyrrhotech 3y ago
Imagine having the economic performance of France vs. the United States https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
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by pyrrhotech 3y ago
TA is unlikely to produce alpha when used on its own, but it's certainly possible. However, combining TA with other indicators such as macroeconomic data, VIX futures curve, and tracking interest rates and Fed actions can lead to a con
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by pyrrhotech 3y ago
I've also just started a blog series for getting started with algorithmic trading in NodeJS for complete beginners: https://grizzlybulls.com/blog/building-an-algorithmic-tradin... . A lot of folks would raise an ey
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by pyrrhotech 3y ago
The models vary greatly in the number of external data sources they pull from to compute signals. The simplest ones like https://grizzlybulls.com/models/ta-mr-basic and https://grizzlybulls.com/models&#
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by pyrrhotech 3y ago
Thanks for the feedback. I try to call out in several places in the app that 2009 - 2020 is backtest only, but perhaps I need to make it more clear. No one should ever expect a model to trade as well in live trading as it backtests, and tha
44.
by pyrrhotech 3y ago
One of the most misunderstood concepts about algorithmic trading is that speed is not a critical factor for the majority of systems. My systems like https://grizzlybulls.com/models/vix-ta-macro-mp-extreme have been cru
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by pyrrhotech 3y ago
It's a great story, but at least in the software world, this sort of thing is exponentially more difficult to pull off today than it was 10 or 15 years ago. The internet was the most economically revolutionary invention of all time. Se
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by pyrrhotech 3y ago
the set of reals is larger than the set of integers despite both being infinitely large
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by pyrrhotech 3y ago
It may continue up to 1.25T or so, but the current price is absurdly overvalued at 37x sales. Even with the stellar guidance they gave, at best, the company is worth 0.5T. It may not go down that much, but folks buying here for the long ter
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by pyrrhotech 3y ago
HN may be slightly better than other platforms, but it's still largely an echo chamber
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by pyrrhotech 3y ago
It's amazing to me how many otherwise intelligent people on HN inevitably make this same comment, when in fact, this is a substantial fine even to a company the size of Meta. Much higher would be borderline extortion, and Meta would se
50.
by pyrrhotech 3y ago
Perhaps it's done great on a YTD basis or since the panic low last Fall, but overall Meta has been a laggard for many years now. A mere 36% return over the last 5 years compared to 66% for SPY and 96% for QQQ. Furthermore, it's st
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by pyrrhotech 4y ago
It doesn't take extreme privilege to quit your job and indie hack for 5 years. It takes $60k in savings and extreme frugality (or the equivalent of the cheapest amount you can live on for 5 years in your country). $60k of savings can e
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by pyrrhotech 4y ago
For the most part, all the low hanging fruit that the great startups of the last 30 years monopolized on has been picked. The next 30 years will look nothing like the last. I suspect we'll be seeing much fewer sub 50 year old self-made
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by pyrrhotech 4y ago
Congrats on your amazing success! 0 to 850k revenue with a hardware product in three years is almost unbelievably amazing. I'm totally ignorant about hardware dev. How does one even go about designing and manufacturing a hardware produ
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by pyrrhotech 4y ago
Or they are looking at those juicy severance checks and deciding to take a 6 month vacation before applying anywhere again, using state of the economy as an excuse.
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by pyrrhotech 4y ago
https://www.investopedia.com/terms/d/deadcatbounce.asp "if you throw it out the top floor window, even a dead cat would bounce". I shouldn't use the phrase though, as I'm actually very fond of
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by pyrrhotech 4y ago
The tech bubble is bursting, did you miss the memo? Even after the recent dead cat bounce, FAANG stocks are down 30%+ with their revenue growth collapsing and they are laying off workers, and it's a whole lot worse for all the non-prof
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by pyrrhotech 4y ago
Very well deserved, and something they should have done a long time ago. Better late than never
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by pyrrhotech 4y ago
EVs seem to not be a very well thought-out long term solution in general, unless radically different batteries with very high energy density can soon be developed. Earth has 88 million tons of lithium, of which only 1/4 is economically
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by pyrrhotech 4y ago
I would start with learning the basics about the primary forces that move markets (examples are earnings expectations, macroeconomic health indicators, and sentiment measurement via VIX and TA). The hard part is identifying legitimate leadi
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by pyrrhotech 4y ago
Mostly access to the live signals of the model unlocked by that premium tier, with varying levels of notifications to real time signal changes (email, text, API and full automation option)

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