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Launch HN: Mudrex (YC W19) – Automated Trading Without Code

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Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#11

Post by doctorpangloss »

> We dream of reducing the gap around financial opportunities between the wealthiest and the rest.

I know it's one of those lines that whoever is in the CEO role says really righteously over and over again whenever an investor pushes back on it.

But is trading cryptocurrency really going to do that? Like normal people actually lost their life savings trading that. And it's rich people, like actual Silicon Valley supervillains of sorts, who generated a very large amount of these imaginary assets they're selling to normal people. And then, I'm not sure transitioning to stocks is any better, because anyone buying today is pretty much guaranteed to be buying at the top of the market--i.e., if you're making a market, you're making one for suckers.

Are you just reducing the gap around financial opportunities to lose a lot of money instead of a little?

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#12

Post by jmole »

How much data are you extracting or planning to extract from profitable trading strategies? This seems like a great way to crowdsource market intelligence.

To quote another analogy below - It's the modern version of selling shovels, except the shovels have GPS and mass spectrometers installed, so you can later pull in from behind with excavators and dump trucks.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#14

Post by rohitgoyal »

kaycebasques wrote: post #10

Congratulations on the launch. Beautiful UI! In terms of product market fit I can tell you that I've been kicking around building systems to automate my investment decisions, Ray-Dalio-style. I personally adhere to the church of macroeconomic investing, so what I was aiming to build was a setup that would buy or sell positions when various leading indicators went one way or another. It'd be really cool if you hooked…

What we are trying to build is asset independent. We started with cryptocurrencies because it was easiest to integrate with. I understand your mistrust in cryptocurrency related projects. We don’t hold user’s tokens in our wallet. We are figuring out the best ways to add equities and forex as well.

Right now we are providing all the data feeds ourselves. If there is more demand from the users for manual entry of data, we might support it later.

Thanks a lot for your detailed feedback.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#17

Post by nodesocket »

doctorpangloss wrote: post #11

> We dream of reducing the gap around financial opportunities between the wealthiest and the rest. I know it's one of those lines that whoever is in the CEO role says really righteously over and over again whenever an investor pushes back on it. But is trading cryptocurrency really going to do that? Like normal people actually lost their life savings trading that. And it's rich people, like actual Silicon Valley supe…

> transitioning to stocks is any better, because anyone buying today is pretty much guaranteed to be buying at the top of the market--i.e., if you're making a market, you're making one for suckers.

I am assuming you are bearish and overall negative given the sentiment of your comment. On Christmas eve when the market was at its lows, would you have guessed we would rally and explode up the first two months of 2019. It’s very easy to perpetually be a bear and shout that the market is overvalued. Eventually you will be right and a correction or crash will happen.

I’ve be in the market over 15 years, and can without a doubt say it is the best wealth expanding tool rich or poor US citizens have.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#18

Post by rohitgoyal »

jmole wrote: post #12

How much data are you extracting or planning to extract from profitable trading strategies? This seems like a great way to crowdsource market intelligence. To quote another analogy below - It's the modern version of selling shovels, except the shovels have GPS and mass spectrometers installed, so you can later pull in from behind with excavators and dump trucks.

All the IP of the strategies remains with the user who built the strategy. We don’t extract any data from those strategies.

We do have a marketplace where traders can publish their strategies publicly for other investors to test and invest in those strategies.

Thanks for checking us out.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#19

Post by rohitgoyal »

vasilipupkin wrote: post #13

if you ask me, is this a good idea? I will tell you it's a terrible idea. If you ask me, could this startup make money? sure, there are lots of people out there who would pay for this.

Thanks for your feedback. Would love to hear more on why you think it is a terrible idea.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#20

Post by daemon_beard »

Are you aware there is a massive (market leading, in fact) trading platform called Murex? The name is rather close isn't it? Is it intentional?

Edit: I mean, if I started making say, an operating system and called my company one letter different from another company (mickrosoft? rehhat?)-- who are in the same market and have an enormous reputatation -- I'm sort of asking for trouble, aren't i?

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