How Behavioural AI Change Trading Landscape: A Journey with Hoc-Trade

Struggling with emotions clouding your trading decisions? Hoc-Trade’s TradeMedic tool uses cutting-edge Behavioral AI to analyze your emotions and provide actionable advice, empowering you to trade smarter, not harder.

What is Hoc Trade, and Who is Jonas Schlepyen?

Jonas Schleypen is the Co-founder and CEO of Hoc-trade, a company that uses AI to help traders make better decisions by understanding and correcting their emotional and behavioral biases. Before starting Hoc-trade, Jonas worked as a strategy consultant. He assisted companies in making data-driven decisions during mergers and acquisitions. His long-time passion for trading led him to create Hoc-trade.

At Hoc-trade, Jonas focuses on using AI to make trading smarter and easier. Their main product, TradeMedic, analyzes traders’ behaviors in real time, identifying when emotions might be influencing their decisions. This tool gives traders clear advice on improving their trading, which can help them perform better and stay more engaged.

Moreover, Jonas sees a big future for AI in trading. For example, Hoc-trade aims to make copy trading more effective by using AI to filter out the bad habits of other traders so users can follow only the best strategies. This makes advanced trading tools more accessible to everyday traders and smaller brokerages.

This article is written by Jonas, sharing his journey in revolutionizing trading with behavioral AI.

Behaviour AI in Trading

As a seasoned Forex & Crypto trader with over 10 years of experience, I have often faced an unseen adversary: my own behavioral biases. These biases led to decisions that frequently strayed from rationality. I repeatedly encountered the same irrational patterns, and this personal struggle ignited the inception of Hoc-Trade. Therefore, alongside my co-founders, I set out on a mission to leverage artificial intelligence (AI) to bridge the gap between behavioral finance and trading with Behavioural AI.

Addressing a Deep-Seated Pain Point

My journey with Hoc-Trade began from a place of frustration. With over a decade of experience as a semi-professional trader, I experimented with almost every trading analytics tool available, from fundamental to technical analytics. Yet, despite these tools, I continuously grappled with behavioral issues that no one could resolve.

As you might know, the reality of the market can be brutal. Many traders struggle significantly due to ingrained behavioral biases. Unfortunately, there are currently no tools that can accurately pinpoint or measure the root causes of these problems. Recognizing this critical gap, we created Hoc-Trade. This innovative platform tackles this problem head-on by integrating AI at its core. Hoc-Trade automates the process, making it seamless for traders to identify and address their behavioral biases.

Overcoming Challenges: Simplifying Complexity

Behavioral finance is inherently complex, but at Hoc-Trade, we have simplified this complexity. Our team has transformed the outputs from our AI system into intuitive, user-friendly reports. Hoc-trade’s hero feature, TradeMedic, exemplifies this approach by summarizing traders’ behavioral and emotional mishaps into a comprehensive report. Just like a medical report, it details the main issues, their severity, and personalized actions for traders to take. This simplification allows traders, including myself, to understand where we went irrational and how to improve easily.

Shifting the Paradigm and Transforming the Industry

Hoc-Trade’s innovative approach is set to transform the trading industry. Our tool enhances decision-making processes by providing traders with deep behavioral insights and fosters a more educated and resilient trading community. Brokers and exchanges benefit from better-informed traders, leading to improved retention rates and a more stable trading environment. In fact, our recent study has shown a 63% improvement in traders’ overall performance when Hoc-Trade’s AI filters out trades influenced by behavioral issues. This experiment clearly shows that when traders operate without biases, their performance improves significantly.

Real-World Impact: Success Stories and Recognition

Since our first beta launch at the end of 2023, Hoc-Trade has signed agreements with several major brokers and received accolades such as winning the Pitch Perfect competition at the HYFI Conference: Web3, AI, and the Future of Technology in Singapore, and we are a finalist at the SuperAI Genesis Startup competition. We have also secured initial venture funding for our Seed round, further validating our innovative approach and market potential. The positive feedback from users & investors alike highlights the tool’s effectiveness in improving trading performance through actionable insights.

The Road Ahead: Expanding Horizons

We are on a mission to build the foundation for rational decisions: Behavioral AI. This AI, fed by data from hundreds of thousands of traders and investors, merges with external data to find very personal behavioral patterns. It will serve as the basis for a range of applications within the trading and investment industry, which are currently impossible to realize and represent a massive growth opportunity.

However, Hoc-Trade’s Behavioral AI goes beyond simple detection. This powerful technology forms the foundation for a personalized AI Trading & Investment Assistant. This assistant will act as your guide, alerting you to potential emotional biases that could cloud your judgment during trades. It can even identify flaws in your investment strategy, such as following the crowd (herding behavior) or stubbornly fighting a clear trend.

Furthermore, Hoc-Trade’s Behavioral AI has the potential to completely transform copy trading and social trading. By filtering out the negative behaviors of the traders you follow, you can ensure you’re only copying the best strategies. Imagine being able to automatically copy only the strongest trades from a variety of successful traders directly into your account!

The impact of Hoc-Trade also extends beyond individual investors. Brokers and exchanges can leverage this technology to revolutionize how they onboard and protect their clients. For example, gamified solutions can guide novice traders through the learning process, while built-in safeguards can ensure regulatory compliance. By notifying traders of potential emotional or gambling-like behavior, Hoc-Trade empowers both brokers and investors to create a safer and more informed trading environment.

A Passion-Driven Team Behind the Mission

The driving force behind Hoc-Trade is our team’s unique blend of expertise in trading and behavioral finance. Our personal experiences and passion for creating a product we ourselves would have cherished are evident in every aspect of Hoc-Trade. This intrinsic motivation fuels our commitment to enhancing financial literacy and making a meaningful impact on traders and investors worldwide.

Through Hoc-Trade, we are driving a movement towards smarter, bias-free trading. Therefore, by leveraging Behavioral AI, we are poised to redefine the trading industry, creating a future where traders are more informed, brokers are more efficient, and the entire financial ecosystem is more robust and resilient. Our mission is clear: to prevent traders from losing their trades to their emotions, and to foster awareness as the crucial first step towards better financial literacy and resilience against trading biases. Ultimately, we aim to create a meaningful impact for all current and future traders and investors around the globe.