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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

#31

Post by TaylorAlexander »

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…

I would criticize the line more directly, in that it's typical silicon valley magical thinking. "The rest" means the slightly-less-wealthy, because these "financial opportunities" are only useful to people with large sums of spare cash. The line reads like a populist appeal, but working class people aren't sitting on HN thinking "finally, improved investment opportunity!"

It's par for the course so I don't mean to call out this person directly, but I'm hitting that point where I don't feel optimistic by default with these claims.

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

#33

Post by rohitgoyal »

throwawaykyok wrote: post #23

What you have built looks great and I am sure a lot of work went into it. However, as someone with a bit of trading experience (running a profitable custom-built trading system myself) who has friends that lost money I would like to post a few words of warning to anyone who believes they can build profitable trading strategies on top of someone else's platform: It's extremely unlikely. While you may hear stories of p…

What you are saying is right specially for HFT and also because no platform have been able to achieve that till now. We decided to build this only after talking to 100s of traders personally. We definitely can’t help people develop profitable strategies but if someone has a strategy, she wouldn’t be stuck because of resources/capital limitation. Having said that we are going to keep building the state of the art infrastructure to support more efficient trading as well. Thanks for taking so much time to provide feedback.

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

#34

Post by divyanthj »

vasilipupkin wrote: post #26
rohitgoyal wrote: post #19

Earlier quoted context omitted.

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

why do people need to run trading bots ? what's the point? you are not going to win against professional trading bots. And you wont do any better than buy and hold investing anyway, after taxes and fees. A good startup should add real value to the world. Your startup enables a completely pointless activity.

I'd invite you to try out the platform then. We aren't offering get-rich-quick schemes. We are just providing the tools to create your own. :)

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

#35

Post by rohitgoyal »

sametmax wrote: post #27

Looks a lot like kryll.io. The concept is the same, the UI seems very similar. I understand that it's a YC project, so it does already have a good chance to work just from the networking effect. But other than that, how do you differenciate from kryll, since frankly, they are already pretty good at what they do (the shared strategies, backtracking and over all the community is very nice) ?

I have checked out Kryll. It's a great project.

We are focused on providing the access of automated trading/investing to everyone.

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

#37

Post by pault »

throwawaykyok wrote: post #23

What you have built looks great and I am sure a lot of work went into it. However, as someone with a bit of trading experience (running a profitable custom-built trading system myself) who has friends that lost money I would like to post a few words of warning to anyone who believes they can build profitable trading strategies on top of someone else's platform: It's extremely unlikely. While you may hear stories of p…

Totally naive question: what if you aren't interested in HFT but just want to take some of the manual labor out of making less frequent trades? Is that any less reliable than sitting at your computer watching the order books or do the exchanges already have all the tools you would need for that?

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

#38

Post by nightski »

throwawaykyok wrote: post #23

What you have built looks great and I am sure a lot of work went into it. However, as someone with a bit of trading experience (running a profitable custom-built trading system myself) who has friends that lost money I would like to post a few words of warning to anyone who believes they can build profitable trading strategies on top of someone else's platform: It's extremely unlikely. While you may hear stories of p…

In response to your second point - it's largely because it takes quite a bit of capital to build wealth via trading. Much more capital than is needed starting a SaaS company.

It's hard to win picking individual stocks, and yes you should not only hold a few stocks at a time with all of your portfolio.

But you don't have to bet your entire portfolio. You can only trade a portion of it hedging your risk. In addition, while it may be more of a fools game to go big on one or two stocks, you can look at your risk profile and align your long term strategy with different sectors and tax strategies.

I am no means a trading expert, but to discourage people from investing just because certain types of trading is more akin to playing the lottery - is just as irresponsible. People should be encouraged to be more engaged with their money and at the very least follow how their index fund is doing, how it's allocated, and learn why it is allocated the way it is.

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

#39

Post by mmmchipotlemmm »

Cool! What sort of liabilities do you face with this?

For example, let’s say my strategy has some sort of logic to exit all positions if X happens.

X happens, but your platform goes down, so my positions stay open and my account gets wiped out/suffers large losses. Am I SOL or do you assume some responsibility for that?

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

#40

Post by rohitgoyal »

jvagner wrote: post #32

What do normal algo trading models look like? Are they all super proprietary so it's hard to talk about, or are there useful and representative models available for learners to dig into?

We have some sample strategies on the platform. We are working on building education material as well. You can also checkout out blog. https://medium.com/mudrex/tagged/learning
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