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Neural Net Side Project Makes $3500/mo Trading Stocks

indiehackers.com

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

#21

Post by Miner49er »

machbio wrote: post #18
sebyddd wrote: post #11

Earlier quoted context omitted.

Can't disclose the exact capital, but the initial investment was less than the monthly profit.

not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ? Definitely…

OP is trading on Indian markets, so there is no pattern day trading rules. It's not made very clear in the article and I was confused for a bit as well.

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

#22

Post by hmate9 »

I do not wish to be negative, I just think it is very hard to really judge this system without knowing the technical details behind it. Since we are currently in a bull market it could just be a fluke.

I did not read anything about backtesting. Have you done that? If so, I take it back :)

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

#23

Post by sebyddd »

hmate9 wrote: post #22

I do not wish to be negative, I just think it is very hard to really judge this system without knowing the technical details behind it. Since we are currently in a bull market it could just be a fluke. I did not read anything about backtesting. Have you done that? If so, I take it back :)

Completely agree with you. The amount of backtesting has been very limited and the time frame was pretty short, so there are definitely changes this is a fluke. Confirming this is my main goal at the moment and I don't take any credit for creating something revolutionary.

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

#24

Post by samfisher83 »

machbio wrote: post #18
sebyddd wrote: post #11

Earlier quoted context omitted.

Can't disclose the exact capital, but the initial investment was less than the monthly profit.

not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ? Definitely…

If he invested less than the monthly profit he it means he making more than 100%. That is pretty insane.

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

#26

Post by brianwawok »

samfisher83 wrote: post #24
machbio wrote: post #18

Earlier quoted context omitted.

not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ? Definitely…

If he invested less than the monthly profit he it means he making more than 100%. That is pretty insane.

You can make more than 100% going to the slot machine at the casino.

The difference between gambling and trading is not that big. Trading has more ways where you can get an edge over the house, but it is not that different from poker or slot machines.

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

#27

Post by brianwawok »

hmate9 wrote: post #22

I do not wish to be negative, I just think it is very hard to really judge this system without knowing the technical details behind it. Since we are currently in a bull market it could just be a fluke. I did not read anything about backtesting. Have you done that? If so, I take it back :)

Backtesting does not mean much. It's easy to make an algo do well yesterday. Very hard to make it do well tomorrow.

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

#29

Post by rtstreak »

canistr wrote: post #28

Isn't it more customary in the financial world to put out your Sharpe Ratio or ROI as a percentage as opposed to your monthly profit? As others have said, the profit doesn't mean anything if your principal amount is high.

Nonetheless, for a side project this is pretty cool. Probably won't scale to crazy magnitudes, but for a one man project this is remarkable.

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

#30

Post by Miner49er »

brianwawok wrote: post #27
hmate9 wrote: post #22

I do not wish to be negative, I just think it is very hard to really judge this system without knowing the technical details behind it. Since we are currently in a bull market it could just be a fluke. I did not read anything about backtesting. Have you done that? If so, I take it back :)

Backtesting does not mean much. It's easy to make an algo do well yesterday. Very hard to make it do well tomorrow.

True, but it would at least test OP's algo in some bearish market conditions. If no backtesting was done then it has only been tested in the current bull market.
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