1. Takes months/years to develop a profitable trading strategy with a team of people. 3.5/mo on multiple algorithms is kinda laughable.
2. The adverse selection here is really really high: if you could generate alpha, you would find some capital from a big multi-manager or allocator (which is incredibly easy to get these days), and just focus on running their money. The fact that you are making a retail focused site instead of raising private capital says a lot.
3. Looking over the trading algorithms, seems pretty clear that you don't have a background at a prop firm or a quant hedge fund? It takes years to learn this stuff, and the only way you can reasonably do it before going out on your own is at an established shop.
Sorry to be a little harsh, but something like this is never going to work and no one in their right mind should allow your algorithms to trade for them. Generating alpha is incrediblyincredibly hard, and teams of experts often spend years working on it with nothing to show for it.
You do? Where? I can name all the most profitable shops and every single one of them is staffed by ex tradfi prop shop guys.
edit: actually no, I can think of a couple counter-examples of successful firms started by people with no professional trading background, but it's exceedingly rare.
PS: My original comment came off as exceedingly harsh and am sorry for that. OP if you read this mb, just got kind of triggered for a moment. However I will say the design of your site is really slick!
You don't have to consistently generate alpha to make bucks as a small time trader. Even a simple strategy like buying dogecoin everytime elon tweeted about it was a sureshot way to makr money in the crypto market
Thank you for your feedback. It's a work in progress. Being the only developer, an engineering student and a part-time freelance dev at the same time, it's hard to keep up with the maintenance of the algorithms and keeping the platform working perfectly. 3.5 months was the time i developed full-time. Some of the algorithms have been running since aug 2020
Don't let these people discourage you. You are starting up and by the fact that you already got people's attention in HN, that shows that you are onto something greater. Keep the good work!
Really appreciate your comment!!. I am too much of a dreamer (curse or not) and i've dedicated too many hours (3000 aprox) for these comments to discourage me. I love facing criticisms and building from them :)
Also. I don't think that generating alpha is necessarily the only motivation behind building an investment strategy. There are endless possibilities of financial products that could be built on top of a platform like this.
Basically, im looking for help to build the best possible platform.
Wrt number 3 it is really is like walking into a knife fight with a spoon. It may be of note that a lot of financial practitioners consider themselves experts in markets, not trading. This is partly modesty, and partly an acknowledgement that there is a mountain of either bullshit or financial genius (e.g. the moment you have an option for sale you can suddenly turn apparently disconnected numbers into a correct price) to deal with.
2. The adverse selection here is really really high: if you could generate alpha, you would find some capital from a big multi-manager or allocator (which is incredibly easy to get these days), and just focus on running their money. The fact that you are making a retail focused site instead of raising private capital says a lot.
3. Looking over the trading algorithms, seems pretty clear that you don't have a background at a prop firm or a quant hedge fund? It takes years to learn this stuff, and the only way you can reasonably do it before going out on your own is at an established shop.
Sorry to be a little harsh, but something like this is never going to work and no one in their right mind should allow your algorithms to trade for them. Generating alpha is incredibly incredibly hard, and teams of experts often spend years working on it with nothing to show for it.