/biz/ - Business & Finance

nice thread op, gonna contribute a couple of things as I dont want to see it die. How about a daily algo trading general? I think the area is incredibly interesting.

Ive been doing this semi-fulltime for the past 8 months now, thinking of diving in fulltime while the going is good. If you view trading as a zero sum game then crypto is in the perfect spot for small algo trading shops right now. Minor in comparison to quant/hft dominated markets like options and derivatives yet large enough to make a killing. Also, the competition is fucking drawing meme charts, once the quants move in it might get really fucking competitive but for now its all good.

Generally you wanna focus on market exploitation. For example with traditional quant analysis, the underlying focus is always spotting market inefficiencies rather than just forecasting and modelling alone. A good example is bot dominated platforms like yobit and coinexchange.io. Ive made some very good money over the past 3 weeks just spotting rubbish pnd coins like elix, rocket, f16, uni and all this shit.

Very simple algo too, not fully automated either just a trading assistant. I basically have a script running that polls both of those exchanges every 5 minutes, tracks exponentially smoothed buy/sell volume and notifies me if shit starts looking weird. After a short manual investigation, I get in early and sell at the top.