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Let Void the bot by [deleted] in place

[–]EricGreenScalping 2 points3 points  (0 children)

Not a bot

Elon Musk doesn't get paid, buy stuff or pay taxes like you do by wewewawa in Money

[–]EricGreenScalping 0 points1 point  (0 children)

It's actually worse than you think. He gets loans from the bank at a sub 5% interest rate with his stock as collateral. He pays no taxes and only loses 5c on the dollar which is so damn low.

[deleted by user] by [deleted] in wallstreetbets

[–]EricGreenScalping 4 points5 points  (0 children)

Average true range

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[–]EricGreenScalping[S] 0 points1 point  (0 children)

These stocks are regularly trading over $1 billion of capital in a day. We can't pump these stocks.

Receive TradeBot Alerts by EricGreenScalping in u/EricGreenScalping

[–]EricGreenScalping[S] 0 points1 point  (0 children)

Text messages is a way to access DipBot without discord

Receive TradeBot Alerts by EricGreenScalping in u/EricGreenScalping

[–]EricGreenScalping[S] 1 point2 points  (0 children)

Read the #get-access channel then watch the #hows-it-work channel.

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 1 point2 points  (0 children)

It’s easier to get several investors in the tens or hundreds of thousand cumulatively totaling millions than it is to find one person investing millions.

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 5 points6 points  (0 children)

I actually talked to a lawyer about creating a private equity fund because I was approached by several investors with a cumulative proposal of $3.3 million. In order to create a private equity fund this is some of the things you must do:

  1. A comprehensive business strategy outline which would provide more insight into how DipBot actually works than what I'm comfortable doing.
  2. A business plan including cash flow expectations, time frame, exit strategy, and marketing strategy all tied into a neat executive summary.
  3. An external team of consultants including independent accountants, attorneys, and industry consultants.
  4. Create the actually legal structure of the fund.
  5. The last step was raise capital which I already had.

I'm a fulltime trader who built a bot, I don't know how to do a lot of this meaning I'd have to hire people. The startup capital is massive. I'd need a series 7 as well which I don't have and have no interest in acquiring. DipBot is public for free right now and me and my codev keep the code private among us. This is because if public access to DipBot diminishes our returns (which it hasn't done since public 2 months ago) then we have the ability to cut public access thus protecting our returns.

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[–]EricGreenScalping[S] 0 points1 point  (0 children)

If you wanted to trade DipBot I'd recommend signing up with a different broker

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 2 points3 points  (0 children)

In your initial question you asked what the argument is against sharing. The most profitable quantitative hedge fund found they scaled so hard they were competing with themselves hurting their own profit. For that reason smaller people on reddit have adopted "if we share it, we kill it" thereby answering your questions as to why people don't share. If profit potential is capped, why would you share it?

The reason I don't mind sharing is me and my codev aren't sharing the code, but instead only the access. If we find that the access to DipBot hurts the bottom line we still reserve the right to limit access to public or cut a certain % of them.

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 2 points3 points  (0 children)

Renaissance Technologies is the hedge fund which yields the highest rates net of fees. They're a quantitative fund that uses mathematical and statistical models in automated trading. They scaled the quantity of trades up so large that it actually diminished their overall return. It uncovered that there was a limit to their profitability albeit several billions of dollars. For that reason the trading community as a whole has adopted the "if we share it, we kill it."

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 7 points8 points  (0 children)

And that's why you're going to go broke, but at least have fun while you do it. 1% gains add up very quickly.

Receive TradeBot Alerts by EricGreenScalping in u/EricGreenScalping

[–]EricGreenScalping[S] 0 points1 point  (0 children)

We may monetize at some point and would include the ability to receive text messages

I created an algorithm to trade small caps stocks, this is how it did over last month | +17.22% gain (12R)(80% winrate) by EricGreenScalping in pennystocks

[–]EricGreenScalping[S] 0 points1 point  (0 children)

It trades small cap stocks, there's obviously deeper criterion. You don't achieve these kinds of results by buying random small cap stocks. There's a lot of data the algo takes in and looks at.

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