Personal investment advisor.Automated U.S. equity trading.
U.S. equity strategies are developed and tested on historical data, then executed automatically in your own brokerage account, within a mandate agreed in writing.
Background
- 11+ years in software engineering
- Ohio State
- PhD, Computer Science
- USTC
- Bachelor’s, Electronic Information Engineering
A live record.A clear benchmark.
Time-weighted returns of my personal account in U.S. dollars, compared with SPY (the SPDR S&P 500 ETF, dividends reinvested) over the same periods.
Cumulative return
Annualized return
A note on this record.
This is my original record, starting with no trading experience. It includes mistakes made while learning.
The algorithms continue to be improved to the best of my ability. However, this does not guarantee better future performance.
Period returns
| Period | My account | SPY | vs. SPY (pp) |
|---|---|---|---|
| 2026 YTD | +25.35% | +12.71% | +12.64 |
| 2025 | +42.75% | +17.72% | +25.03 |
| 2024 (from May) | +161.29% | +14.55% | +146.74 |
2024 starts May 7; 2026 is year to date through September 30. Differences are in percentage points (pp).
How these returns are calculated
Returns are time-weighted and were reconstructed from my brokerage records and historical prices. The effect of deposits and withdrawals is removed, treating each as an end-of-day cash flow. Annualized figures assume 252 trading days a year; periods of one year or less are not annualized.
SPY returns include reinvested dividends over the same periods. These results are from my personal account, not a composite of client accounts. A client account achieving the same performance over the same period would return less after advisory fees, and actual client results could differ materially. Investing involves risk, including substantial loss. Past performance does not guarantee future results.
Ideas tested.Rules put to work.
A repeatable process: research and test the strategy, automate the execution, review the results.
Research and test.
Only technical analysis is used, with historical price action as the sole input. Algorithms look for underlying patterns in how the market moves and for trading opportunities with a statistical edge. Fundamental analysis, news and events play no part. Every strategy is tested on historical data and written as clear rules for automated execution.
Automate the execution.
Every trade in my personal record was executed automatically. Algorithms turn each strategy’s rules into orders.
Review the results.
Live results are tracked and compared with SPY over the same periods, using the same method every time.
Chuanjiang (Steven) Luo
11+ years at Google.Now focused on algorithmic trading.
Before investing full time, I spent more than 11 years in software engineering at Google. My academic background includes a PhD in Computer Science from The Ohio State University and a bachelor’s degree in Electronic Information Engineering from the University of Science and Technology of China.
In April 2024, I began developing trading algorithms for my own investments. After leaving Google in May 2025, I made independent research and systematic trading my primary focus.
My aim is to bring the research discipline I apply to my own account, and direct accountability, to managing yours.
Milestones
- Apr 2024Begins developing trading algorithms
- May 2024Live trading record begins
- May 2025Leaves Google to invest independently
Your account.A clear trading mandate.
Objectives, trading authority and fees are agreed in writing before the first order.
Your assets stayin your name.
Trades are placed through your broker’s formal authorization process. Your assets remain in your own brokerage account.
Start a conversationUnderstand your goals.
Your goals, investing experience, time horizon and capacity for loss are reviewed to assess whether the approach suits you.
Set the terms.
A written agreement sets out the trading mandate, eligible investments, broker arrangements and fees. Service availability depends on your jurisdiction.
Authorize account trading.
You grant trading authority through your broker. Research and order execution are handled within the agreed mandate; the account remains yours.
Clear fees. Shared incentives.
The standard tiers follow the marginal schedule published by Priori Capital Management. Each tier is currently discounted by 5 percentage points.
View Priori’s published fee schedule| Excess return over SPY | Standard | Current offer |
|---|---|---|
| 0–10 pp | 20% | 15% |
| 10–20 pp | 30% | 25% |
| 20–50 pp | 40% | 35% |
| Above 50 pp | 50% | 45% |
Each rate applies only to the excess return within its band, not to the entire return. Excess return is measured against SPY’s total return; pp means percentage points.
The fee period, any high-water mark and how fees are billed are set out in your written agreement. Brokerage commissions and fees, if any, are charged by your broker.
Fixed trading node fee
Per brokerage account, separate from performance fees
$78/ month
Your outperformance. Your fee.
Move the slider to see your fee and the excess return you keep.
Fee by tier
- 0–10 pp10.0 pp × 15%1.50 pp
- 10–20 pp10.0 pp × 25%2.50 pp
- 20–50 pp5.0 pp × 35%1.75 pp
- Above 50 pp0.0 pp × 45%0.00 pp
- Performance fee
- 5.75pp
- Effective fee on excess return
- 23.0%
- Excess return you keep
- 19.25pp
Illustration only. The $78 monthly trading node fee per account is separate.
Before we begin.
Will you trade directly in my account?
Yes. With your broker’s formal authorization, trades are placed within the agreed mandate. The account and its assets remain in your name.
How are fees determined?
The schedule above sets out the four performance-fee tiers and the $78 monthly trading node fee per account. All fees are confirmed in writing before trading begins.
Is the track record live or backtested?
Live. These are real trades in my personal account, not backtest results. Time-weighted returns are reconstructed from account records and historical prices.
Let’s discussyour investment goals.
Tell me about your goals and what you need from an investment advisor. We can discuss the strategy, the risks and whether working together makes sense.
Chuanjiang (Steven) LuoPersonal investment advisor, U.S. equities
Client availability
No more than five clients per U.S. state will be accepted in any 12 consecutive months.
Clients based in mainland China will not be accepted.
For Chinese citizens living in the U.S., only green card holders will be accepted.