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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

#81

Post by fictioncircle »

sebyddd wrote: post #74
svantana wrote: post #59

I may be way to cynical for my own good, but there's no proof that this is actually real, right? Besides a couple of pretty bizarre screenshots [1]. I'm skeptical because a) these types of gains in public markets are pretty much unheard of, and b) faking a story like this would be a fairly easy way of getting lots of attention for your freelancer business (which this guy advertises right at the top of the article). […

Appreciate your point of view. First of all, there seems to be a lot of skepticism around this project and I found that surprising. You're saying that if you would get incredible returns from trading you would keep quiet. And therefore you are contradicting yourself by accusing my lack of transparency. As I was invited to share my story on Indie Hackers, my goal was to provide as much insights into the project, witho…

> Appreciate your point of view. First of all, there seems to be a lot of skepticism around this project and I found that surprising. You're saying that if you would get incredible returns from trading you would keep quiet. And therefore you are contradicting yourself by accusing my lack of transparency.

https://www.quantopian.com/open

Easy $5k if it does what you claim and would settle the dispute. You can just feed them trades w/o revealing the actual algo.

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

#82

Post by fictioncircle »

brilliantcode wrote: post #72
alva wrote: post #52

Reposting my comment on the first HN submission of this page "The claims made in this interview are extremely suspect, it just not make sense. Absolutely no relevant details are included. The developer claims he was able to built an AI trading strategy that is profitable 95% of the time. No technical details about the strategy or platform for trading is provided. A few trading buzzwords thrown in a few places. The re…

You fucking nailed it. Articles like this where proper due diligence verifying the authenticity of the poster isn't in place raises strong questions about how reliable and factual IndieHacker is. I really feel like they fucked up by posting this article. The other article seemed alright but now I ask the same questions.

I agree completely unfortunately.

It seems like they saw the original trendy tweet where he mentioned it and didn't verify anything.

https://twitter.com/Sebyddd/status/821005789930389504

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

#83

Post by morgante »

alva wrote: post #52

Reposting my comment on the first HN submission of this page "The claims made in this interview are extremely suspect, it just not make sense. Absolutely no relevant details are included. The developer claims he was able to built an AI trading strategy that is profitable 95% of the time. No technical details about the strategy or platform for trading is provided. A few trading buzzwords thrown in a few places. The re…

The biggest red flag is that this guy is supposedly still freelancing.

If he had a strategy this good, he would've quit freelancing and be a multimillionaire by now.

The only reason I'm not 100% convinced this is fraud is that it's on the Indian market. I don't know the level of sophistication there, so it might still be possible for an independent trader to exploit winning strategies.

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

#84

Post by csallen »

minimaxir wrote: post #77
csallen wrote: post #73

Earlier quoted context omitted.

As far as I'm aware, it's perfectly fine to link to discussion on HN, but not okay to explicitly ask for upvotes: https://news.ycombinator.com/newsfaq.html

Then why did you include a picture of the submission in that tweet? Also you ignored the first picture which clearly shows your account.

Correct, because the first picture is not explicitly asking upvotes either, but asking for comments. And I include pictures (or at least emojis) in as many tweets as I can.

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

#85

Post by sebyddd »

alva wrote: post #76
csallen wrote: post #67

Earlier quoted context omitted.

The changes were to add details explaining the 95% "success rate", the sources of data, and the exchange that he was using. I think you guys are both creating a false dichotomy between "genius who cracked the market" and "liar who is fabricating data", when there is plenty of room in between, e.g. "someone who made a few lucky trades in a bull market over a short period of time," which would describe probably the vas…

Hey. As we spoke about this earlier today, could you please post the original before the edits post our conversation? edit: I rang the bloody alarm bells about this submission with you. I hope I am wrong, but it looks like you have been had.

alva, I found your skepticism very biased. Following your requests, we decided it would help if we address your questions in the interview. Therefore the only edits, where just addition around the 95% claim which seemed to be misunderstood.

Your main claim was that the bot cannot achieve 95% trade success trade constantly, which I undoubtedly agreed to and added more details on this claim.

The edit also provided more details about the platforms that I used along the way, as this detail was overlooked in the initial version of the interview.

I find your claims unfounded and harassing.

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

#86

Post by zump »

morgante wrote: post #83
alva wrote: post #52

Reposting my comment on the first HN submission of this page "The claims made in this interview are extremely suspect, it just not make sense. Absolutely no relevant details are included. The developer claims he was able to built an AI trading strategy that is profitable 95% of the time. No technical details about the strategy or platform for trading is provided. A few trading buzzwords thrown in a few places. The re…

The biggest red flag is that this guy is supposedly still freelancing. If he had a strategy this good, he would've quit freelancing and be a multimillionaire by now. The only reason I'm not 100% convinced this is fraud is that it's on the Indian market. I don't know the level of sophistication there, so it might still be possible for an independent trader to exploit winning strategies.

As if GS and JPMorgan don't have huge Indian operations with IIT grads.

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

#87

Post by frgtpsswrdlame »

sebyddd wrote: post #74
svantana wrote: post #59

I may be way to cynical for my own good, but there's no proof that this is actually real, right? Besides a couple of pretty bizarre screenshots [1]. I'm skeptical because a) these types of gains in public markets are pretty much unheard of, and b) faking a story like this would be a fairly easy way of getting lots of attention for your freelancer business (which this guy advertises right at the top of the article). […

Appreciate your point of view. First of all, there seems to be a lot of skepticism around this project and I found that surprising. You're saying that if you would get incredible returns from trading you would keep quiet. And therefore you are contradicting yourself by accusing my lack of transparency. As I was invited to share my story on Indie Hackers, my goal was to provide as much insights into the project, witho…

>Appreciate your point of view. First of all, there seems to be a lot of skepticism around this project and I found that surprising.

Really? You made a crazy claim with no details at all.

Here's my assumptions on this thing:

1. Your algorithmic strategy is only performed on a small selection of stocks, that you have semi-randomly picked, aka not a part of your system.

2. These stocks have had a crazy run.

3. When the NSE had troubles in Nov. and Dec. your conservative stop losses triggered and you stayed out of the market.

4. Your decision on when to re-enter the market was a personal decision, not a part of your system.

5. You have given this thing more money to invest with than we are being led to believe.

Which ones did I miss on?

I gotta be honest, it really does seem like a nice little way to plug you business but I don't believe you're lying. I think you're overstating its performance by leaving out details and were lucky to get that performance in the first place.

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

#88

Post by alva »

sebyddd wrote: post #85
alva wrote: post #76

Earlier quoted context omitted.

Hey. As we spoke about this earlier today, could you please post the original before the edits post our conversation? edit: I rang the bloody alarm bells about this submission with you. I hope I am wrong, but it looks like you have been had.

alva, I found your skepticism very biased. Following your requests, we decided it would help if we address your questions in the interview. Therefore the only edits, where just addition around the 95% claim which seemed to be misunderstood. Your main claim was that the bot cannot achieve 95% trade success trade constantly, which I undoubtedly agreed to and added more details on this claim. The edit also provided more…

Post your historic and current positions, opened and closed.

I am not the only one who is extremely sceptical about your claims.

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

#89

Post by dang »

csallen wrote: post #73
minimaxir wrote: post #56

Votes on this submission may be manipulated with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg And another one by Indiehackers founder csallen after it already hit the front page: http://i.imgur.com/rxWtsWJ.jpg

As far as I'm aware, it's perfectly fine to link to discussion on HN, but not okay to explicitly ask for upvotes: https://news.ycombinator.com/newsfaq.html

Why link to /newest rather than the actual discussion?

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

#90

Post by morgante »

Can I do an Indie Hackers interview about how I went to Vegas a few times and made $10k? I even have some Python scripts modeling my "strategies!"

This is almost certainly a fluke, if it's true at all. There aren't any valuable lessons here and such a story merits a high degree of skepticism. Algorithms which can successfully return 95% profits consistently are not wasted on freelance developers.

I usually love Indie Hackers, but including this story really devalues the brand.

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