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Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

news.ycombinator.com

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Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#11

Post by ogiberstein »

kulkarnic wrote: post #9

> When we first started investing, we approached it from two beliefs: 1) you are unlikely to grow a portfolio without a small percentage of it allocated to more active investments I wish you all success, but this assumption goes against about a half-century of academic research. You might say "but it's crypto!" But the law of averages is brutal, and it is agnostic to whether we're in a crypto world or not -- if some…

Thanks for the feedback. I am not sure if markets are a zero-sum game though? If the sector grows, the whole pie can become bigger, right?

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#12

Post by sadosystems »

ogiberstein wrote: post #11
kulkarnic wrote: post #9

> When we first started investing, we approached it from two beliefs: 1) you are unlikely to grow a portfolio without a small percentage of it allocated to more active investments I wish you all success, but this assumption goes against about a half-century of academic research. You might say "but it's crypto!" But the law of averages is brutal, and it is agnostic to whether we're in a crypto world or not -- if some…

Thanks for the feedback. I am not sure if markets are a zero-sum game though? If the sector grows, the whole pie can become bigger, right?

(I think) His point is not that investing is a zero sum activity but that active trading basically is. For me to make money day trading someone needs to loose money. The total "growth of the pie" is a slow process that you capitalize on by buying and holding.

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#13

Post by Grustaf »

Cool stuff! I started building something similar back in 2018 or so, we ran a crypto quant fund.

We actually found some very good arbitrage opportunities using derivatives, that didn't even need automation, so we used that. But I figured it would be cool with a tool for people to make their own strategies.

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#15

Post by ogiberstein »

culopatin wrote: post #14

Do you need to be a genius to do your taxes as an individual after using this tool?

Hah good point! I think something like https://tokentax.co/ can still help you do it quite easily because you can export all the transactions from the exchange.

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#16

Post by ogiberstein »

sadosystems wrote: post #12
ogiberstein wrote: post #11

Earlier quoted context omitted.

Thanks for the feedback. I am not sure if markets are a zero-sum game though? If the sector grows, the whole pie can become bigger, right?

(I think) His point is not that investing is a zero sum activity but that active trading basically is. For me to make money day trading someone needs to loose money. The total "growth of the pie" is a slow process that you capitalize on by buying and holding.

Fair enough! We do have quite a few users also running medium and longer-term focused strategies such as accumulations on dips

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#17

Post by ogiberstein »

Grustaf wrote: post #13

Cool stuff! I started building something similar back in 2018 or so, we ran a crypto quant fund. We actually found some very good arbitrage opportunities using derivatives, that didn't even need automation, so we used that. But I figured it would be cool with a tool for people to make their own strategies.

Thanks! :) Why did you guys stop?

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#18

Post by Grustaf »

ogiberstein wrote: post #17
Grustaf wrote: post #13

Cool stuff! I started building something similar back in 2018 or so, we ran a crypto quant fund. We actually found some very good arbitrage opportunities using derivatives, that didn't even need automation, so we used that. But I figured it would be cool with a tool for people to make their own strategies.

Thanks! :) Why did you guys stop?

In the beginning we were making 8-12% a month, just arbitraging derivatives so very low risk (except platform risk etc). But after a few months it started shrinking, and shrank down to 2-3%. Still very good for a traditional fund when annualised, but we only managed a few million from friends and family so it didn't really make sense for us financially any more.

Re: Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

#20

Post by worik »

People!! Stay away from this!!!

I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition.

Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money.

Do not be the dumb money!!

If you want to make money work on your skills and get a job.

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