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Neural Net Side Project Makes $3500/mo Trading Stocks

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Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#111

Post by joemi »

zump wrote: post #94
svantana wrote: post #70

Earlier quoted context omitted.

Yes that's entirely possible, but my main point was that the chart looks really hand-made (by someone who doesn't really know what they're doing). I don't really see how an ascii data visualization tool would spit out such an abomination...

Exactly. Show me the command line to get that graph.

The author of the blogpost in another comment around here said he aliased csvtool to cat, hence cat'ing a csv. That said, unless there's another CLI csvtool program, the one I've read about can't plot. But there are CLI plotters out there.

Anyway, like I said, I'm not trying to say the post is factual. Just trying to point out that the fact that he cat'ed a CSV and got a plot isn't that big a deal (and shouldn't really be an indication of fraud), in a world where so many of us customize our working environments.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#112

Post by samfisher83 »

brianwawok wrote: post #108
samfisher83 wrote: post #69

Earlier quoted context omitted.

If you make a million spins of $1 each you will end with $800000 or whatever the state law is regarding payout. In general an index fund will go up since most economic policies are geared toward inflation.

HFT is not an index funds. No relation.

You were talking about stock market vs slots and that is what I am talking about.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#113

Post by csallen »

morgante wrote: post #110
csallen wrote: post #105

Earlier quoted context omitted.

I'm also trying not to be too defensive, but I strongly disagree with your interpretation of this interview. Most of the IH audience will read this, care very little about the "secrets" behind the trading strategy, and instead focus on what you call "trite lessons". In this particular case, the amount of time and effort an 18 year old put into researching and educating himself about a difficult field is quite inspiri…

> Most of the IH audience will read this, care very little about the "secrets" behind the trading strategy, and instead focus on what you call "trite lessons". I'd like to think I'm part of the core IH audience. I come for interesting stories of people building software from scratch and generating revenue from it. Someone who got lucky gambling their money for a few months is just not an interesting story. It's way o…

Yes, ultimately the stock market is gambling, and thus the durability of his product is quite low, but this is an arbitrary distinction from the rest of the interviews on the site. I could point out unique distinctions for a dozen other interviews on the site, e.g. the popup t-shirt company whose product was temporary, the company making $0, the company doing entirely consulting revenue, the pure hardware company, the paperback book author, etc.

What I keep pointing out are the undeniably valuable lessons that can still be learned from what Sebastian did, as well as why a typical indie hacker might find them inspiring and educational, and why they wouldn't apply to your gambling analogy.

I'm not sure why you're ignoring these parts of my responses. Maybe it's because you've already launched many non-trivial side projects, so you aren't intimidated by that particular hurdle, thus you don't find it inspiring, and as a result you feel compelled to focus entirely on the efficacy of his product. Which is fine! But you are not everyone.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#114

Post by morgante »

csallen wrote: post #113
morgante wrote: post #110

Earlier quoted context omitted.

> Most of the IH audience will read this, care very little about the "secrets" behind the trading strategy, and instead focus on what you call "trite lessons". I'd like to think I'm part of the core IH audience. I come for interesting stories of people building software from scratch and generating revenue from it. Someone who got lucky gambling their money for a few months is just not an interesting story. It's way o…

Yes, ultimately the stock market is gambling, and thus the durability of his product is quite low, but this is an arbitrary distinction from the rest of the interviews on the site. I could point out unique distinctions for a dozen other interviews on the site, e.g. the popup t-shirt company whose product was temporary, the company making $0, the company doing entirely consulting revenue, the pure hardware company, th…

I guess I'm having a hard time seeing what exactly is so inspiring about what Sebastian did, and why it's any different from my gambling "product." He's very far from being the first developer to play stocks. What sets him apart? It's not like he has customers, a marketable product, or anything more than some (unverified) gains.

For my gambling, I too read books. I too wrote scripts and models to assess things. I too have practiced.

At the end of the day, I don't delude myself into thinking those lessons are applicable to my actual business.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#115

Post by csallen »

morgante wrote: post #114
csallen wrote: post #113

Earlier quoted context omitted.

Yes, ultimately the stock market is gambling, and thus the durability of his product is quite low, but this is an arbitrary distinction from the rest of the interviews on the site. I could point out unique distinctions for a dozen other interviews on the site, e.g. the popup t-shirt company whose product was temporary, the company making $0, the company doing entirely consulting revenue, the pure hardware company, th…

I guess I'm having a hard time seeing what exactly is so inspiring about what Sebastian did, and why it's any different from my gambling "product." He's very far from being the first developer to play stocks. What sets him apart? It's not like he has customers, a marketable product, or anything more than some (unverified) gains. For my gambling, I too read books. I too wrote scripts and models to assess things. I too…

Doing research, writing code, testing your product, and ultimately launching it are lessons that are applicable to actual business. Of course, they can be misapplied to what essentially amounts to gambling, but so can any other valuable skill. (e.g. If Sebastian put on his selling hat, started taking on investors, and charging them a fee.)

The fact remains that many people never develop these skills, never get over these hurdles, and oftentimes don't even realize that these hurdles exist. They find it motivational to read about people who did. Especially a teenager like Sebastian.

And ofc you're right: Sebastian is no different than others who came before. But that's never been a criteria for being on Indie Hackers. I find it somewhat telling that the people who are up-in-arms about this interview consist almost exclusively of those working in finance or who've experimented with algorithmic trading.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#116

Post by wnm »

minimaxir wrote: post #56

Votes on this submission may be manipulated with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg And another one by Indiehackers founder csallen after it already hit the front page: http://i.imgur.com/rxWtsWJ.jpg

Can you maybe clearly specify what exactly he did wrong? Not trying to defend him. I just want to know how to behave correctly when submitting my own stuff.

e.g:

Can we tweet a link to our own submission? Can we add a link to the end of a blog post (that we submitted ourselves) with a link to the submission, saying: "Discuss on HackerNews"

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#117

Post by brianwawok »

samfisher83 wrote: post #112
brianwawok wrote: post #108

Earlier quoted context omitted.

HFT is not an index funds. No relation.

You were talking about stock market vs slots and that is what I am talking about.

You cannot tell me what I was talking about because you aren't me :)

Trading is HFT. For anyone else, you should buy an index fund and never touch it.

Day trading is a really bad HFT and bad gambling.

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#118

Post by minimaxir »

wnm wrote: post #116
minimaxir wrote: post #56

Votes on this submission may be manipulated with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg And another one by Indiehackers founder csallen after it already hit the front page: http://i.imgur.com/rxWtsWJ.jpg

Can you maybe clearly specify what exactly he did wrong? Not trying to defend him. I just want to know how to behave correctly when submitting my own stuff. e.g: Can we tweet a link to our own submission? Can we add a link to the end of a blog post (that we submitted ourselves) with a link to the submission, saying: "Discuss on HackerNews"

IMO, there is a difference in intent; the Tweets referenced were clearly intended as growth hacking. That being said, there isn't much of a reason to link directly to a HN thread unless discussion is already fostering, and certainly no reason to link to /newest and highlight that you did so. (I'm not a fan of Discuss on HN links in lieu of comments since it forces people to go to a different page)

Re: Neural Net Side Project Makes $3500/mo Trading Stocks

#120

Post by omarforgotpwd »

sebyddd wrote: post #43
omarforgotpwd wrote: post #38

Sure, easy to make $3500 / month when the market is on a crazy bull run. Let's see how it does when the market crashes!

I am pretty sure that when that happens, the majority of stock players lose, not only my little side project.

Exactly.
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