I've decided to dip my toes into algo trading, and I've decided to document it along the way. 4 months ago I registered an account on quantconnect.com and began to play around. Today I've decided that my algo is 'good enough' and will be launching it live soon on Interactive Brokers.
So why write this on read.cash?
The first reason is to support the Bitcoin Cash community, as I feel it represents best the ideals of cryptocurrency. I firmly believe the 'best thing' for the cryptocurrency space is rapid and broad adoption. Bitcoin was designed as digital currency to facilitate peer to peer transactions, and Bitcoin Cash has kept that initial intention. It amazes me how Bitcoin transformed from an incredibly eloquent and innovative technology into one that is so stagnant, but I'll leave that for another time. . .
The other reason is anonymity. While I don't intend to live in controversy, I hope that hiding in the shadows will allow me to express myself freely and share any experiences I may have more transparently.
What's the goal?
I've been dabbling in crypto since 2016, and I'm now trying my best to reach early retirement. Crypto earnings represent a small amount of my net worth so I will be focusing on trading stocks. The goal is to have $1M fully invested with an annual return of 10% for $100k. We're starting small at approx $50k, and the plan will be to move more liquid assets into the trading account assuming performance meets the expectations.
I'll document my thoughts and experience with QuantConnect, the specific algo strategy and eventually the performance. Wish me luck!