Posted by Entropnt 1 day ago
Presumably the 'small' edges to the degree they existed in the first place have been worn away.
You're paid to hold risk, innit?
it really is similar to the argument for why startups exist at all -- if the opportunity was real, why hasn't big tech already absorbed it? in practice, seems like it's either because the market is just so large that everyone can have a slice of the pie, or the pie is so small that the titans just cbs (e.g. cross-exchange arbitrage in crypto was a lucrative opportunity for a while -- an obvious and easily engineerable strategy).
My understanding was the main users of your bots will focus on U.S. equity and futures markets. Either way - obtaining the kind and quality of data to find edge (even the Indian Markets one) is likely beyond the infrastructure of most people. do you agree? selling options in overpriced names, for example, requires careful risk and sizing calibration or you could get wiped out before your edge shows up. Or the regime could change, etc. etc.
Either way my guess is most people using this service will be looking to trade things they can like US equities (how many HN people can legit trade Indian Options?).
Who do you think the buyer of retail sentiment and ChatGPT queries are?
> SEAN: Alright, let's get into it. Two things you've named — let me be straight about both.
> SpaceX: it's private. You can't buy SpaceX stock or options on any public market.
I would like to trade the time spent giving away ideas to AIs for time spent in nature.
Actually it's a well executed front for a build-me-a-technical-trading-execution-package-as-a-service scheme. Not sure if that's a thing. Surely you'd just use an AI if you could describe what you wanted? Articulating it effectively implies familiarity required to build. Handing it back to a human seems ... obtuse.
"No report, no lecture"
Somewhat contradictory wording.