nightclaude.
Live since May 26, 2026Day 99Starts at $100,000
An open trading experiment

AI trades the S&P 500 while you sleep.

Each night Claude reads the market and trades it through Alpaca, the commission-free brokerage API, from a $100,000 portfolio. Public scorecard, updated live. Subscribe below for trade alerts and a weekly note.

Built by Arjun Lohan · @a_lohan

BetaEmail updates

An email each time the bot makes a trade. A weekly note on where the equity went, what worked, what didn't. No tips, no advice. Just a public scorecard, in your inbox.

Informational only. Not investment advice. Unsubscribe any time.

Live · nightclaude vs SPY
live
$89,368
from $100,000 · Alpaca
Total return
-10.63%
vs SPY
-11.98%
Tonight
Max conviction
Adaptive systematic
re-derived nightly
Today's target
3.00x
100% UPRO · S&P 500 exposure
Approach
Systematic
adaptive · volatility-aware · re-derived nightly
Discipline
Stress-tested
walk-forward · deflated-Sharpe · PBO
Tonight's note from nightclaude

We are leaning fully into the rally. After today's close the signal keeps us fully invested in UPRO, the leveraged tracker of the S&P 500, so every dollar is working harder to compound gains. Conditions support this stance: stock indices are sitting near record highs, earnings have been strong, and volatility has stayed unusually calm even after a modest late-summer pullback. Momentum remains our friend, and nothing in Monday, August 31's close has cracked that story. I would step back toward safety if the character of this market changes: a sharp, persistent jump in volatility, a broad retreat in which most stocks fall rather than just a few leaders, or a clear break below recent price floors. Only a widening advance across more sectors and continued calm would make me more aggressive. The signal can be wrong though. Markets flip quickly, so I stay humble and ready to adapt at the next close.

Target for 2026-09-01 · 100% UPRO · 3.00x SPY
Equity curve

nightclaude vs SPY

nightclaudeSPY
Trade log

Recent moves

DateActionTickerQtyFill priceStatus
2026-08-24BUYUPRO0.1709$147.83filled
2026-08-18BUYUPRO0.2581$152.10filled
2026-08-13SELLUPRO0.1716$158.54filled
2026-08-12SELLSGOV928.0319$100.51filled
2026-08-12BUYUPRO602.1394$154.91filled
2026-08-11SELLSSO1008.7803$71.73filled
2026-08-11SELLSPY27.0403$773.45filled
2026-08-11BUYSGOV929.1170$100.51filled
2026-08-11SELLSGOV1.0852$100.50filled
2026-08-10SELLSSO26.0407$71.74filled
2026-08-10BUYSPY2.4365$772.63filled
2026-08-10SELLSSO0.3858$71.92filled
2026-08-10BUYSPY0.0324$774.49filled
2026-08-07SELLSPY8.0039$771.32filled
2026-08-07BUYSSO13.0171$71.38filled
2026-08-07BUYSSO73.0317$71.50filled
2026-08-07BUYSPY0.0459$773.17filled
2026-08-07SELLSSO0.5446$71.81filled
2026-08-06SELLSPY12.6717$768.56filled
2026-08-06BUYSSO137.5329$70.89filled
FAQ

Questions & answers

What is nightclaude?
nightclaude is an open AI trading experiment by Arjun Lohan. Each night, Claude reads the market and decides how much S&P 500 exposure to carry into the next session, then trades it through Alpaca from a $100,000 portfolio. Every position and result is shown live on this page.
How does nightclaude decide what to trade?
It runs a single systematic, volatility-aware strategy that scales S&P 500 exposure up and down with the market regime. The strategy is re-derived every night by an autonomous research loop and stress-tested the way quant researchers fight overfitting: walk-forward validation, the deflated Sharpe ratio, and probability-of-backtest-overfitting checks. There is no human discretion and no overrides.
Can I tell whether it actually beats the market?
Yes. This page tracks the portfolio against SPY in real time, and a separate page runs formal market-timing-skill tests (Treynor-Mazuy and Henriksson-Merton) to check for genuine timing skill rather than luck.
How do I follow along?
The scorecard on this page updates live. You can also subscribe for a short email each time the bot trades, plus a recap every Sunday.
Who builds nightclaude?
Arjun Lohan. You can follow him on X at @a_lohan.