HN Explorer

Anyone interested in invest money in Automated Trading System

2 points by Kshitijmore ↗ HN
Hey i am kshitij

     I am working on build an Automated Trading System/Bot.To help poor/lower class people those have less money to invest.That's why I interested in your suggestions about this idea. If you have any suggestions please comment below.
  
   Thank you

4 comments

[ 30.8 ms ] story [ 947 ms ] thread
akg_67
> To help poor/lower class people those have less money to invest.

What is the higher priority for poor/lower class people, feed their family today or invest for tomorrow? Tomorrow never comes if you don’t take care of today today.

Checkout /r/povertyfinance

gus_massa
I agree. The main problem is that in spite of the good intentions, a project like this will attract a lot of scammers, and people will lose their savings faster.
Kshitijmore
I am building an algorithm that gives monthly consistent returns.My application is not for getting rich quickly,is for monthly usage.

FOR example I invest $100 in app and it gives at least 8 to 9 dollars returns per month it is good for students or house wife.

gus_massa
That's almost monthly 10% (annual 150% if you don't extract the money). That's a lot.

One possibility is that you are planning an investment that is very risky. If you are lucky, it will be good for a while but sooner or later it will explode and a lot of people will lose their money and hate you.

Another possibility is that you are planning something that is equivalent to a Ponzi scheme without realizing it. If you are unlucky, it will be good for a while but sooner or later it will explode and a lot of people will lose their money and hate you and you will go to jail.