Conversation

Aakash Goel
@aakashlpin
After 10+ years between startup jobs and side hustling, I’ve now moved on to building a little company of my own. While I’ve always worked with travel and e-commerce, this one always remained close to my heart - the Indian Stock Markets. A thread on what’s next ⬇️
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Aakash Goel
@aakashlpin
Early this year, I logged back into my premium Slack subscription with
@capitalmind_in
. The once small community was now a 2000+ member strong group of the savviest investors in the country. This is a unique cohort of people - the ones who like to manage their money themselves.
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Aakash Goel
@aakashlpin
The Slack channels here are buzzing with all day chatter in trading rooms, mass execution of option trading strategies, in depth macro and micro economic discussions and what not. Being an absolute nobody, I went straight into learning mode. Little did I know what’d happen next
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Aakash Goel
@aakashlpin
I joined a few 100 people systematically trading option strategies and started participating in relevant Slack threads. After trading for a couple of days, I asked in the group - “Has anyone looked into if this can be automated?”
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Aakash Goel
@aakashlpin
An electrical engineer designing chips by profession had written a python script and was kind enough to share his trade automation script with me. I told him - “I’ll make sure your work gets out for the greater good” And that day an open source GitHub repo got booted up.
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Aakash Goel
@aakashlpin
Replying to
@aakashlpin
With 0 spends in marketing dollars and discounts, an average user spend of $35/mo and with 90% net margins - we’re clocking a healthy MRR. The product is deliberately underpriced and we’ve got all the pricing power at our disposal. This business is a cash cow.
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Aakash Goel
@aakashlpin
Did I tell you we’re building an ecosystem? Introducing X - the backtesting engine at SignalX. Up until today, our users would backtest their hypotheses on platforms like
@stockmock_in
- and then come trade at SignalX. Now this has a couple of glaring issues -
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Aakash Goel
@aakashlpin
1. You may come across a great backtest - but how do you execute it? At SignalX- everything backtest-able is tradable using our fire and forget algorithmic execution engine. It’s this simple premise that our users have fallen in love with.
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Aakash Goel
@aakashlpin
2. Historical data on platforms like SM, isn’t the top quality. In our backtest comparisons we found inflated historical reporting on SM and more users concurred. Data integrity is top order business at SignalX.
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Aakash Goel
@aakashlpin
Here’s why you’d love X - 1. Simple per day pricing model 2. Never run a backtest twice - all reports are saved by default and always accessible for free. 3. It’s beautiful, easy to comprehend, and best of all - it’s actionable and tradable. Public launch soon!
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Aakash Goel
@aakashlpin
Okay, back to SignalX fun facts - 1. Without any discounts, 90% users opt into 3 and 6 month plans after using the product for a month 2. Without any push notifications or recall, 100% users log in and spend 3 hours on the product every single day 3. 95% user retention MoM
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Aakash Goel
@aakashlpin
I’m truly humbled by the love shown by our early users this early in the journey and can’t wait to make SignalX the first thing that comes to your mind if you’re a DIY investor or trader. Good news- we’re only getting started.
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Aakash Goel
@aakashlpin
Building a meaningful (read kickass) product and growth is all we’re after now, and if this sounds exciting to you - Drop me a DM and let’s chat about the future of DIY investing and trading. Onwards and upwards 🚀
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