RESEARCH DRIVEN. PERSONALLY LED.

Systematic investing.
A personal commitment.

A disciplined approach to U.S. equities, built on algorithmic research and automated execution. Explore an investment relationship with direct trading in your own brokerage account.

PERSONAL LIVE TRADING RECORD2024—26

Cumulative return

Personal record367.55%
vs
SPY51.98%

Annualized return

Personal record90.72%
vs
SPY19.15%
May 7, 2024 — Sep 30, 2026

Past performance does not guarantee future results.

AN ENGINEERING FOUNDATIONGoogle 11 years in software engineeringOhio State PhD · Computer ScienceUSTC Bachelor’s · Electronic Information Engineering
01 / THE RECORD

Performance, in numbers.

Personal live trading record.
Time-weighted returns, compared with SPY.

May 7, 2024 — Sep 30, 2026

Cumulative return

Personal record367.55%
vs
SPY51.98%

Annualized return

Personal record90.72%
vs
SPY19.15%

Personal live trading record. Returns are in USD.

This is my original live trading record, starting with no prior trading experience and including the beginner mistakes I made along the way.

Based on what I know today, I expect my current algorithms to perform better than this historical record.

Period returns

PeriodPersonalSPYExcess
2026 YTD+25.35%+12.71%12.64 pp
2025+42.75%+17.72%25.03 pp
2024 (partial)+161.29%+14.55%146.74 pp

The first and last calendar years are partial periods.

Performance notes

Time-weighted returns are reconstructed from personal account records and historical prices; some trade dates are inferred. Deposits and withdrawals are excluded using an end-of-day cash-flow convention. Annualization uses 252 trading days.

SPY includes reinvested dividends over matching periods. This personal record is not a client composite; client results would differ after fees. Investing can involve substantial losses. Past performance does not guarantee future results.

02 / THE APPROACH

Research is personal.
Execution is systematic.

Engineering discipline, applied to an investment process that can be examined and measured.

01

Research the rules.

My approach is based entirely on technical analysis, with no fundamental analysis and no reliance on news or events. Every strategy has been tested against historical data and implemented as explicit trading rules.

02

Let the system execute.

All trades in the personal record were executed automatically. Algorithms carry decisions through to orders with a consistent process.

03

Measure the results.

Track actual results over time and compare them with a consistent, transparent market benchmark.

03 / YOUR INVESTMENT PARTNER

Chuanjiang (Steven) Luo

An engineer’s mindset.
An independent investor’s focus.

I spent more than eleven years at Google, following a PhD in Computer Science at The Ohio State University and undergraduate studies at the University of Science and Technology of China.

Since April 2024, I have developed and researched algorithms for my own investing. After leaving Google in May 2025, I made independent research and systematic trading my primary professional focus.

My aim is to bring that same research discipline and direct accountability to an investment relationship built around your own account.

04 / WORKING TOGETHER

Your account.
A clearly defined mandate.

Discretionary trading, with the scope agreed before the first order.

Keep your assets
in your name.

The service model uses your own brokerage account and formal broker authorization to place trades. Funds stay with your broker.

Explore the fit
01

Start with your objectives.

Discuss investment goals, experience, time horizon and capacity for loss to assess whether this approach fits.

02

Agree the scope and terms.

Define the trading mandate, eligible instruments, broker arrangements and fees in a written agreement. Availability depends on your jurisdiction and applicable requirements.

03

Authorize trading in your account.

Use the broker’s official authorization process. The mandate covers research and order execution; you retain ownership of your account.

FEE SCHEDULE

Performance fees & trading costs.

Our standard fee tiers follow Priori Capital Management’s published marginal schedule for outperformance.

Reference: Priori’s fee structure5 percentage points off every tier
Excess return above SPY total returnStandard feeCurrent promotional fee
First 0–10 percentage points20%15%
10–20 percentage points30%25%
20–50 percentage points40%35%
Above 50 percentage points50%45%

Fees are applied progressively: each rate is charged only on the outperformance falling within that band.

Fixed trading node fee

Per brokerage account

$78/ month
EXPLORE THE FEES

See how the tiers work.

25.0pp

Drag to see the fee at different levels of outperformance.

Excess return you keepPerformance fee
Fee by tier
First 0–10 percentage points10.0 pp × 15%
1.50 pp
10–20 percentage points10.0 pp × 25%
2.50 pp
20–50 percentage points5.0 pp × 35%
1.75 pp
Above 50 percentage points0.0 pp × 45%
0.00 pp
Performance fee5.75 pp
Share of excess return charged23.0%
Excess return you keep19.25 pp

Illustrative performance fee only. The fixed trading node fee is charged separately.

05 / START A CONVERSATION

Let’s talk about
your next chapter.

Tell me what you are looking for. We can discuss the approach, its risks, and whether an authorized trading relationship makes sense for you.

CL
Chuanjiang (Steven) LuoIndependent algorithmic research & investing
LIMITED CLIENT AVAILABILITY

To qualify for an exemption from the SEC’s qualified-client requirements, I currently accept no more than five clients per U.S. state in any rolling 12-month period.

Currently not accepting clients based in mainland China.

An introductory enquiry carries no obligation. Please do not send account numbers, passwords, or sensitive financial documents.

A FEW PRACTICAL QUESTIONS
Will you trade directly in my account?

Yes, under an agreed discretionary mandate and the broker’s formal trading authorization. You retain ownership of your account.

How are fees determined?

The fee schedule above shows all four marginal tiers and their current promotional rates. Fees and service terms are documented in your advisory agreement before trading begins.

Is the track record live or backtested?

It reflects actual personal trading. Time-weighted returns are reconstructed from account records and historical prices.