Can you speak to how much up front capital is invested to produce $3500/mo? If you put in $1000 initial capital, that is super impressive. If you put in $50K up front, then still nice, but more modest.
not to criticize you, but this seems to have no logic - "My bot holds a single position from seconds to minutes (sometimes even hours), which makes it more of an automated trader than a high frequency trader" - so your initial investment was less than 25K$,meaning you would be tagged has Pattern Daily Trader with account freeze for 90 days - how does your Algorithm even work with that kind of investment ?
OP is trading on Indian markets, so there is no pattern day trading rules. It's not made very clear in the article and I was confused for a bit as well.
You can make more than 100% going to the slot machine at the casino.
The difference between gambling and trading is not that big. Trading has more ways where you can get an edge over the house, but it is not that different from poker or slot machines.
If you make a million spins of $1 each you will end with $800000 or whatever the state law is regarding payout. In general an index fund will go up since most economic policies are geared toward inflation.