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Sebastian Raffaele

👤 Person
306 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

wake up at two in the morning and jump out of bed to try and make a trade, which is by the way, highly emotional. I don't ever recommend doing that, but we realized we can alert that, right? We can set a webhook signal on that alert, fire off the exact same trade to the exchange and have the exchange execute that for you. Now that really was the beginning.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

wake up at two in the morning and jump out of bed to try and make a trade, which is by the way, highly emotional. I don't ever recommend doing that, but we realized we can alert that, right? We can set a webhook signal on that alert, fire off the exact same trade to the exchange and have the exchange execute that for you. Now that really was the beginning.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

wake up at two in the morning and jump out of bed to try and make a trade, which is by the way, highly emotional. I don't ever recommend doing that, but we realized we can alert that, right? We can set a webhook signal on that alert, fire off the exact same trade to the exchange and have the exchange execute that for you. Now that really was the beginning.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And that's where light bulbs started going off in my head because I knew for me and for the vast majority of people around me and statistics have shown the majority of traders are going to give it back because of things like that. We want to rush into the market as fast as we possibly can because it's such a market driven by news and driven by emotion.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And that's where light bulbs started going off in my head because I knew for me and for the vast majority of people around me and statistics have shown the majority of traders are going to give it back because of things like that. We want to rush into the market as fast as we possibly can because it's such a market driven by news and driven by emotion.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And that's where light bulbs started going off in my head because I knew for me and for the vast majority of people around me and statistics have shown the majority of traders are going to give it back because of things like that. We want to rush into the market as fast as we possibly can because it's such a market driven by news and driven by emotion.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

Everyone always feels like they're going to miss out. But inherently as humans, what we do every single time is we buy the top and sell the bottom. Most of us don't have the emotional capacity to ride out these waves. And there's nothing wrong with that. Emotion is something that's built into our DNA.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

Everyone always feels like they're going to miss out. But inherently as humans, what we do every single time is we buy the top and sell the bottom. Most of us don't have the emotional capacity to ride out these waves. And there's nothing wrong with that. Emotion is something that's built into our DNA.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

Everyone always feels like they're going to miss out. But inherently as humans, what we do every single time is we buy the top and sell the bottom. Most of us don't have the emotional capacity to ride out these waves. And there's nothing wrong with that. Emotion is something that's built into our DNA.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And as I've gotten older and developed this system, I've really started to understand that it's not something you have total control over because you can't. Look at how many variables there are in your life on a day-to-day basis. Someone in your family gets sick, something happens with your partner or your wife. Sometimes you wake up in a bad mood, for God's sakes, and you're emotional, right?

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And as I've gotten older and developed this system, I've really started to understand that it's not something you have total control over because you can't. Look at how many variables there are in your life on a day-to-day basis. Someone in your family gets sick, something happens with your partner or your wife. Sometimes you wake up in a bad mood, for God's sakes, and you're emotional, right?

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

And as I've gotten older and developed this system, I've really started to understand that it's not something you have total control over because you can't. Look at how many variables there are in your life on a day-to-day basis. Someone in your family gets sick, something happens with your partner or your wife. Sometimes you wake up in a bad mood, for God's sakes, and you're emotional, right?

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

So I think having this thesis that we can just come to the market and be robots, to me, didn't make any sense. And it was this combination of developing our algorithms on Pinescript, but then automating those signals through webhooks, where we actually built the first system that could buy and sell automatically within a given framework.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

So I think having this thesis that we can just come to the market and be robots, to me, didn't make any sense. And it was this combination of developing our algorithms on Pinescript, but then automating those signals through webhooks, where we actually built the first system that could buy and sell automatically within a given framework.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

So I think having this thesis that we can just come to the market and be robots, to me, didn't make any sense. And it was this combination of developing our algorithms on Pinescript, but then automating those signals through webhooks, where we actually built the first system that could buy and sell automatically within a given framework.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

We had this strategy working really well and we even started to understand how to reprocess and use backtesting data. And TradingView has this funny knack of showing you a really good backtest.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

We had this strategy working really well and we even started to understand how to reprocess and use backtesting data. And TradingView has this funny knack of showing you a really good backtest.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

We had this strategy working really well and we even started to understand how to reprocess and use backtesting data. And TradingView has this funny knack of showing you a really good backtest.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

So for example, to give you an idea of what this looks like, we would take that strategy and then what we would do is we would start reprocessing that strategy on previously old Bitcoin data to see how it would perform in past markets. And what it would show us was these amazing, crazy results. And back then we were like, wow, we figured it out. This is it. Let's go live.

Code Story: Insights from Startup Tech Leaders
S10 E5: Sebastian Raffaele, Minotaur Trading Systems

So for example, to give you an idea of what this looks like, we would take that strategy and then what we would do is we would start reprocessing that strategy on previously old Bitcoin data to see how it would perform in past markets. And what it would show us was these amazing, crazy results. And back then we were like, wow, we figured it out. This is it. Let's go live.