Recent content by MaxPastukhov

There were a guy who made $2,000,000+ out if $20,000 in less than a year in 2001. Here is all information I was able to find about him: https://pastukhov.com/download/ataman.txt It's in Russian but you can use automated translation to get a grasp of his ideas. Unfortinately, he died in 2004...

Here is an interesting and important pattern I found between all people questioning an idea of getting into software business. I heard it numerous times from my friends when I tried to convert them into my "relegion". So, the most often objection is: "I can't develop something better or unique...

Forex Tester - about $10,000,000 in the last 10 years. Yes, their earnings significantly dropped recently, but they are still alive :) As you personally know, there is nothing complex in this task from a software development point of view. It took me just about 2 months to develop the initial...

Software business isn't about the number of features a product has. I can give you numerous examples of feature-rich products losing to simpler ones. It's the opposite: the less features you are trying to develop, the easier and more attractive your product becomes at the end. I will never...

The same here: software developer + AI will always beat any software development AI :) The main problem for software market isn't in AI, it's in the growing number of ready-to-use solutions. 10-15 years ago you had a chance to come into any niche, develop something from scratch in few weeks and...

Do you have any idea how much search traffic and advertising income does Google get today? Why don't we launch yet another Google? Newbie retail trader going into the quantitative niche has almost the same chance to succeed. As for "big guys" - yes, let's daydream about becoming the next...

Now I understand what do you mean by time-based stops. I personally tested 2 approaches: 1. Closing positions after some time. It's the easiest one and makes complete sense because market changes. If something didn't work out as expected, the market will become different and old predictions...

Yes, I actually tried to do it. The problem is in getting the right entry price, not in exiting the trade. By using tighter stops I increased chances of them being hit. But, if I tried to use wider stops, my feeling of the market stops to make any sense. Going for 50 pips with a 100-pip stop...

Yes, I came to the same conclusion :) Every person should be in its place. I'm happy for you that you decided to make this bet. Can you please tell me if you are successful and for how long so far? Do you make a living out of it?

While I don't believe in the future of automated trading, I still feel that there is nothing wrong with selling tools to those who believe. Here is the reason: there are numerous software development tools around. Prospective quants can either use them to develop something from scratch or find...

There is a simpler and practical definition: one's mind follows one's action. It's enough to do something accidentially to believe that there was a purpose in it and to continue doing it in the future. It becomes even stronger if you ever need to defend it :)

There are two types of persistence: being persistent at what works and being persistent at what doesn't. I feel that our persistence to make this guy change his beliefs is of the second kind :) PS: Making somebody defend his position just makes it stronger. It doesn't matter if it's right or...

One time it happened magically: when I struggled to launch my first product, which was barely covering my current expenses, some guys from Asia just said: "Knock-knock, Neo". It was hard to resist and they really helped me that time. It was a partnership, but they effectively offloaded all...

Thank you! For me selling my own products is freedom, I did it for the last 15 years. I worked in a corporate world for the first 2 years of my career, dreaming about quitting every day. Since then, I earned not even a single dollar outside of my business. As for "highly subjective financial...

Thank you for the link. Yes, you are right that there may be some inefficiences that may still be exploited at the market. They may even last longer than I may expect. But I would not bet my life on this thing. Imagine yourself back into 2001, when I had a chance to follow a guy that made 100x...