The $1000 / month cofounder

Handle123 said:
How is it going to be different than is what is already out there for retail?
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It uses machine learning techniques that are very intuitive and does not require the user to be an expert data scientist. With a little bit of code you can test millions of strategy combinations based on indicators or whatever price action rules you already use. Should have a beta version ready by late summer.
 
fan27 said:
Got it. I am taking a different approach. Rather than focussing on discovering a single profitable strategy, I am building a platform that will dramatically reduce the time required to find profitable strategies. As I see it, a huge problem for Algo traders is finding strategies that have an edge and determining when their strategies no longer have an edge. So the product is not a magical strategy that will make the customer rich, but rather a toolbox that can quickly help to test their ideas so they can find their own strategies.
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Might work, let's not be negativists, so good luck!

What I don't like is relying on things outside of my control. And selling stuff to someone else (traders, funds, customers in general) is not something I can control. Can be the greatest tool ever built, either you make money using it yourself, case when you don't need to sell it (and I'm doubtful you should), or you don't case when how can you expect others to find it great? And even if it's great but they don't wanna buy it, you're funked coze you're not in control and can't MAKE them buy it if they don't want / don't care.

Lastly, there is no magical strategy unless you happened to steal or use one that you didn't build yourself. If you built it yourself, then it's engineering and not magic. And if you got one right, that's only the tip of the iceberg (see Handle123's post for "100s of strategies").

Good luck!
 
Handle123 said:
I am sorry, I thought it was the other way around. Sounds like you one of type of people I would hire in the past and most likely in a few years down the line. "We" started 18 months ago only the other way around, my best friend has more than full time job and does all the programming part time and in 40 years, I have more than one hundred concepts on how to trade futures, stocks and options. Big issue for me has been except for three people, I don't trust anyone, and all three will be involved in Hedge fund we are starting. One partner and other two later on so we can have business pay salaries/stock options. One them live in the states and other elsewhere, one will have to relocate. Although all have said I given away way too much of a business to a programmer, I trust him, and that is bottom line. But I do know I gave away 50% to someone without me has no chance of ever getting out of his profession-too late to start elsewhere, and at my age starting such an endeavor is really a gift I am giving my friend-a new start on life. He has zero experience owning a business, so I been teaching him, where he will really earn his 50% is later. I have accomplished all my financial goals, so new goals of forming businesses to employ people on tech side and others are directions we will start, I don't believe in retirement when you work at what you love.

What you up against, unless you find an very experienced trader who is tired of going at it alone(most have already programmed), what you are paying him is way too little and to be honest, no one with huge experience is going to give you much percentages even though I can see you are talented from your web pages, but I have hired guys like you for much less than being a part owner.

My best advise is contact physicians and dentist who are too getting burned out from what they do, in my experience they are very good at options. And if you still available in 2-3 years, would fly you out for interview on ground floor of new business. I think your situation best would be at beginning of a new business and getting stock options/relocation/salary/ for a quality of life company.

Good luck to you Sir.
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Thanks for the offer, it's good to have alternatives (even if just for the morale).

As for trust, my experience so far is that people aren't exactly rushing to help you when you don't have the means to pay or force them to (like trough legal agreements). And if you lose your edge, you're back to the meat grinder, a commodity along other cogs who all claim worth being payed 6+ figure salaries in exchange for their competence, but shame away from themselves paying 100x less in order to validate that excess talent. In your particular case, that figure claim would be legit (you already proved yourself once), but if you no longer have the capital to get off the ground again, good luck getting yourself remarked by some "investor" amidst all the copy-cat posers, one or several of them who stole your business.

It's unlikely I'll find an experienced trader to associate with and in that case I recognize the absurdity of equal equity split. There are three things that I value: money, time, knowledge. I'm fine with even just one of them in excess quantity, since I can synthesize the remaining from it. Jobs are the worst since they take 10 hours per day (effectively all prime energy), teach you next to nothing (most of the time they implacably make you dumber) and offer just enough money so your only option is to get enough shelter, food and rest (essentially repairs at your own expense) so that you can start grinding again tomorrow. And if you can't, there's always a significant reserve of cogs to replace you (an important part of the mechanism is to always have a reserve of destitute desperate drones in reserve).

Not sure where to place equity (shares in a business) along the money-time-knowledge axis, what's for sure is they are the opposite of a job. Will think about it and post again if I'm getting some idea :)
 
I am not a believer of taking in OPM till I can prove to general public a Hedge Fund will be profitable, drawdowns comfortable, so first few years, it will remain private and use my own funds. I would think that those who had to quit their hedge funds/CTA's would find it very difficult to find monies to go onto an endeavor of trading for people, and again, in my belief, who would feel comfortable putting in funds when hedge fund owners have no game(money) in the fund. I think the owners when turning public should have like 30 million into it to be able to show they have made it but more importantly show general public and Institutions you have enough faith in oneself to put your own money on the line.
 
Aquarians said:
Might work, let's not be negativists, so good luck!

What I don't like is relying on things outside of my control. And selling stuff to someone else (traders, funds, customers in general) is not something I can control. Can be the greatest tool ever built, either you make money using it yourself, case when you don't need to sell it (and I'm doubtful you should), or you don't case when how can you expect others to find it great? And even if it's great but they don't wanna buy it, you're funked coze you're not in control and can't MAKE them buy it if they don't want / don't care.

Lastly, there is no magical strategy unless you happened to steal or use one that you didn't build yourself. If you built it yourself, then it's engineering and not magic. And if you got one right, that's only the tip of the iceberg (see Handle123's post for "100s of strategies").

Good luck!
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First and foremost, the technology has to be very useful to myself and make me money. Selling the technology is secondary to that. If I had a seven figure trading account or had a hedge fund who was interested in hiring me along with my technology for a piece of the profits, I would consider not commercializing the tech. Until that happens and assuming I can average 20% per year in trading profits, I need another mechanism for raising capital.
 
OK, so I drink sometimes. Like 50%+ of the times when I post here. What does this say about me and you?

1) That you're boring.
2) That the only times I find myself willing to spend some bits of my precious time with you is when I know it's *wasted* anyways. Pun intended :)
 
Thanks to the wonders of the Internet (as compared to my (yeah, I know it's me but I like the archaic) exchanging letters with students of the Soviet Union some 30 years ago), I'm sending to you my first letter of friendship, collaboration and generally, peaceful setup and you go on like:

===
You took tests all your schooling years to be where you are and now you cry wolf.This field is not like any of those tests,here you need to learn the actual staff to excel and be really good at it.That involves a lot of time and enormous effort.
All those tests that propelled you to think you are smart are worth shit when it comes to trading,in other fields yes you could be quite capable to impress people about being bright etc.
Aren't you the guy who started a thread "How much does it cost to start a hedge fund"?
So here we are,all that greed is working against you,it's too late.System that suppose to put you in the lead actually left you on your own.Should've been a eye doctor,genealogist even academic.That comfort zone that you been near "the big stage" is same as countless musicians who never make it to be on the big stage.It's like a curse,honestly!

Disclaimer
1.I am sure in school,University etc you were better student than me.(Thank God i didn't do those dumbed down tests to end up like that)
 
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