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

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

#31

Post by colesantiago »

worik wrote: post #20

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 no…

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

OK, fine. During the pandemic, I picked up and studied trading, and made more money doing that than my actual job (assistant teacher at a university).

I know the next step I'm going to take.

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

#32

Post by vineyardmike »

ogiberstein wrote: post #27
mchakravarti7 wrote: post #21

Earlier quoted context omitted.

Hi! This is very interesting - I had a question but more so on the business side. I don't know much about finance, but what made you decide on a fixed fee pricing model than a take rate model like a hedge fund.

Good question - I'll jump in for Gab as its his mum's birthday today :) With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform. The other point is that user funds sit on the exchanges and we have no withdrawal rights for greater account safety, so it's easier for us to just charge a fixed fee.

> With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform

Is this a well established rule? I had a few startup ideas related to fintech, and this would be a very interesting change in the value proposition.

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

#33

Post by ogiberstein »

guillegette wrote: post #28

Feature request: Allow to connect TradingView alarms to this. TV alarms allows for webhooks to be called. If you guys allow that to be a trigger for the rules, then you don't have to worry about adding indicators. TV has by far the best collection of indicators, strategies, etc, so why not just supporting the alerts? Alternatively, maybe somehow support TV indicators? Not sure if "pine" (I think is the name of the la…

Great point! We are working on this integration this sprint and will have it on staging by end of day tomorrow. Hoping to deploy next week! :)

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

#34

Post by ogiberstein »

vineyardmike wrote: post #32
ogiberstein wrote: post #27

Earlier quoted context omitted.

Good question - I'll jump in for Gab as its his mum's birthday today :) With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform. The other point is that user funds sit on the exchanges and we have no withdrawal rights for greater account safety, so it's easier for us to just charge a fixed fee.

> With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform Is this a well established rule? I had a few startup ideas related to fintech, and this would be a very interesting change in the value proposition.

Hm not sure how well established as a rule this is - we got this advice from a fintech-proficient lawyer though

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

#35

Post by bpodgursky »

worik wrote: post #30
vntok wrote: post #23

Earlier quoted context omitted.

All of this is of course patently false. Be aware worik and others will try to keep you from joining markets under dubious pretenses like protecting you or caring about your individual financial sanity. Don't listen to anh of them. Don't gamble more than you can afford to lose and you shall be fine.

Stay out of those markets. Here is a thought: What paid for all those shiny towers in Wall Street? Transaction costs from people "...joining markets". Have you heard the joke about the customer's yacht?

This is the best NIMBY take I've read yet!

"New construction is bad because it's all financed by fraud and theft from the proletariat!"

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

#36

Post by peterthehacker »

I stumbled upon a security issue with your site. I was reading this LP trying to understand what this product does and saw this quote

> Military-grade encryption and security

Then I checked your site’s CSP policy on Mozilla Observatory:

https://observatory.mozilla.org/analyze/coinrule.com

coinrule.com scored 0/100 (F), because your site does not have the Content Security header implemented. I’d expect a software product focusing on security to have a strong CSP.

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

#37

Post by ogiberstein »

peterthehacker wrote: post #36

I stumbled upon a security issue with your site. I was reading this LP trying to understand what this product does and saw this quote > Military-grade encryption and security Then I checked your site’s CSP policy on Mozilla Observatory: https://observatory.mozilla.org/analyze/coinrule.com coinrule.com scored 0/100 (F), because your site does not have the Content Security header implemented. I’d expect a software prod…

Thanks for letting us know, I will look into it!

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

#38

Post by lend000 »

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…

Active investing is not the same as day trading. Most people do not realize that "passive investing" is basically zero sum (albeit harder to calculate because of being stretched over long periods where inflation becomes significant), just like short term trading. Value creation only comes from active investing (long term focused, but active and researched). The kind of active investing that Warren Buffett does is more similar to what VC's and private equity firms do than someone who buys and holds an index, spreading their money evenly across all big companies without any regard to which companies are deserving of investment.

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

#39

Post by yumraj »

colesantiago wrote: post #31
worik wrote: post #20

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 no…

> If you want to make money work on your skills and get a job. OK, fine. During the pandemic, I picked up and studied trading, and made more money doing that than my actual job (assistant teacher at a university). I know the next step I'm going to take.

Everyone makes money in a rising market.

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

#40

Post by kulkarnic »

lend000 wrote: post #38
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…

Active investing is not the same as day trading. Most people do not realize that "passive investing" is basically zero sum (albeit harder to calculate because of being stretched over long periods where inflation becomes significant), just like short term trading. Value creation only comes from active investing (long term focused, but active and researched). The kind of active investing that Warren Buffett does is mor…

Passive investing isn't zero sum - it's positive sum. If you could buy a fraction of earnings from every business in the economy (i.e. both businesses that currently exist, and future businesses that are founded in the future), then you get a rate of return that is roughly the growth in GDP.

Concentrated portfolios are also positive-sum, and have returns higher than passive investing if you are smart or lucky.

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