so biz, my friend is into a bunch of computer science, quant and various other bullshit.
he created a bot that does really good. I'm worried though cause he wants to make it public and lease it out for $99 a month.
its been doing %3 a week steady since February and making me mad money.
if it goes public what are the chances its shilled away as "worthless" and if it does turn out alright will it shit away my profits?
it sounds selfish cause it is, as smart as he is, he doesn't see why leasing it is retarded. Said its another "revenue stream" and even 50 ppl a month would be $5k which isn't bad but still. If he just builds up enough capital he could retire in a year for life and never look back. (provided it works)
>inb4 3% is impossible, it really isn't. Especially with < 10k, orders go through alright.
The more people using it, the less effective it will be. You may be using 100$ buys but if 50 people using the same algo then the buys are really 5000 since they could all trigger at the same time
Also you only have 3 months of data and they have all been uptrend months so it's really not well tested. I'd wager the risk is high and you've been getting away with it because the market favors you. One down month will wipe all those gains assuming the bot keeps the same risk profile
Brayden Hall
I thought the same thing too but this bot is legit, it was doing %1 jan/feb but that's also when he seriously put in effort on it. Have only had one week where the draw down beat the profit.
And awesome lmao, exactly what I was thinking and exactly what will doom it to failure. He at least has it closed source so I guess if it goes to shit then he can just call it off and keep going but he's looking to make it into a business and 100x more complicated than it needs to be.
Mason Cruz
He should start a hedge fund
Jayden Morgan
jesus fuck 3% is worse than buy & hold. That bot is absolute shit. Its boomer coping levels of returns. If your shit can't beat buy and hold w/ simple trailing stop, don't worry about people saturating the market haha
3 day returns on a Long ONLY strategy, with binance fees, and -6% DD, no GA or monte carlo.
Always good to know kids on biz make boomer level returns hahaha
he ironically doesn't want to do that yet, but he's got his dreams going for him at least.
hell, I'm happy with my 3% a week, get more capital, spread it around a few exchanges/coins and quietly retire in a year, if the bot keeps doing what its doing, which I have high hopes for. It uses some neural network fuckery, he tried explaining it to me and I didn't understand but basically it takes data from the past, models some potential futures and filters till it gets the best potential outcomes. All I care is that it works really well
Zachary Martinez
As the other guy said, by publicly revealing your trading strategy, it will eat into your profits, until it becomes ineffective.
Because liquidity is limited, and people will keep undercutting each other, especially if they find their orders only partially filled or even unfilled, missed by a few sats or $. This will keep happening until profit is only barely above fees.
Seriously you need to keep it private if it truly has a very high success rate. A working trading strategy is good until compounding percentages runs into a liquidity problem, where you become a wall and your orders don't get fully filled. Once that happens, all you have to do is move up a timeframe (e.g. if you don't have enough liquidity in 15min candles, move up to 30min or 1hr candles for more liquidity, then to 4hr, 1D, etc).
The compounding gains will literally feel like you are playing an incremental game, like Cookie Clicker or Universal Paperclips, except with real money.
"Leasing it" will kill any chance you had of compounding percentage gains.
Jonathan Green
lmao, pic related better not be your strat, can't talk shit with a drawdown curve like that.
thing is just spamming positions
Charles Sullivan
this is exactly what I tell him, he thinks that there's more than enough liquidity to cover for it and "I'll only lease out 50" or some other bullshit. I tell him to at least charge more to cover for the losses he's about to get but then he talks about how people won't buy it.
kinda feel bad cause the dude is smart in some areas, didn't grow up with a lot of money and just recently started getting a lot and still thinks $99 is "a lot" for a money printing machine
