Looking to team up to create a trading system for reliable personal investment

toli said:
Reliably producing 2% profit per month translates to 24% per year.
3% translates to 38% per year.
5% - to 70% per year.

If e.g. you invest 10k USD in a system that returns 2% a month reliably - you'll be a millionaire in 20 years.

If your system returns 5% a month - you'll be a millionaire in 10 years.

Relatively small monthly profit numbers, when realized consistently, make for a great investment vehicle, better than many banks or retirement plans.

The Mission
My quest is to create such a system. A clear goal of creating a system that is capable of reliably delivering 2% returns per month on a crypto market. The secondary goal is then to upscale the system to 5% returns.

Finally, when the system is successful, I am looking to take it a step further and make it a commercial product that would generate profit but also help other people achieve financial independence in one way or another.

How?
I am looking to create a think tank tasked with achieving the goal stated above.

We take historical crypto data and use data analysis and modeling techniques to spot repeating patterns, devise trading strategies, model their performance, and test the models on live markets via dry-runs. We do this research in an informed way, leveraging existing domain experience and best practices.

We'll meet up regularly (weekly or bi-weekly) to review progress and set objectives.

Why?
I value personal freedom and financial independence. I value those as a vehicle for self-realization, to enable a person to pursue what interests them rather than what they get paid for.

I am looking for like-minded, talented people who would be willing to dedicate their time to make those values a reality. All of us have different areas we are skilled at, and I found it's quite hard to achieve those goals on your own: more often than not, you need more than one highly-developed skill to do so, which is rarely the case in a single person.

The Profile
I have a strong background in machine learning, data analysis, and software engineering, so I can do the research using historical pricing data in collaboration with a domain expert. I also have a background in project management and intrapreneurship, so I'll make sure the resulting team operates effectively and smoothly.

I lack domain knowledge about trading and economics. Therefore, I am looking for a person with a stronger economic background.

But, of course, I am willing to speak to anyone for whom the idea sounds appealing and who has something to contribute. Ideally, I am looking for people who value personal freedom and would like to create financial independence for themselves.
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Good luck.

toli said:
Why crypto?
First, it's volatile. Second, it has a huge potential to change how we live forever. It's not really about the money, it's about the new Internet in which ownership is a first-class citizen (here is a really good guide on the subject).
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Really?

BTC or ETH will change our lives forever? How so?
 
Clubber Lang said:
I was prepared to write a big check to get in on the ground floor of this tremendous opportunity right up until the OP said 2% monthly compounded is 24% per year.
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You should still do it despite his bad math. Eventually they will get to 5percent per month. It’s just that easy.
 
TrAndy2022 said:
Just buy QQQ Call Leaps. That's it. Buyandhold UPRO ETF also does the trick.
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buying long term call options in new highs for even more upside WITH SPEED?

More like, sell a long term put and take assingment should the market trade down. At least you win when market is up OR flat.
 
Quanto said:
@schizo, you need to understand the programmers: for them the said two conditions are not XOR... :)
Ie. both at he same time is very well possible, and makes much sense (automation), (wo)man! :)
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This is true. I have had varying degrees of success with trading over the years and my algo trading pursuits have improved my value as a software developer and career opportunities.
 
Very unfortunate on basically every level.

-2%/mth are standard asset class hedge fund returns
-5%/mth are not public facing numbers for standard asset classes
-crypto funds target 70-100%pa - risk premium
-private traders should (but rarely do) achieve better results than funds

The overlaying fact, think tanks (like most social groups) work on lowest common denominator, it always requires one person to step above and beyond to make it work fighting with the many who bring less to the table, but oddly those many having an outspoken voice, public forums are a perfect example.

At 5%/mth on public crypto fund you are underinvesting capital, with standard asset classes you are overinvesting, investors see through those numbers.

Crypto doesn't have huge potential to change how we live, if it did it would be absorbed in to the financial system and become the new fiat, as Mark Twain said if it mattered they wouldn't let you do it.

A private trader has potential to make up to 1,000%pa in crypto (2020/21 1,000% gain in 1yr), how that 1,000% is made changes every year, investment style, different tokens, you are talking about taking a 5% spread from that potential, not 15-20% spread which is what would make something like this workable.
 
schizo said:
I keep saying this over and over and over (like that Energizer Bunny on steroid): In order to make money in the market, what you need is a PROFITABLE STRATEGY (aka "edge"), not a bunch of codes!
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I have been a software engineer for over 20 years and I COMPLETELY agree with this 100%...

To succeed at trading... Just a few of the pre-recs over coding...

1st - Learn the Market from Top to Bottom (Good Luck) - Macrostructure to Microstructure, ETC
2st - Coding is logical & the market is not > 1000s of unknown variables at any time pop up
3rd - In coding emotion is not usually a big issue... In trading it's 800 pound gorilla in the room
4rd - Ernie Chan(top quant) said knowing how to find an edge beats knowing coding by miles
5th - Position sizing and Trade Win/Loss Ratio must be understood 1000%
6th - Understand who invented Liquid Soap and Why ?
 
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