/biz/ - Business & Finance

>>7090129
get a bot

How about you play the market on a timeframe that is longer than 5 seconds?

>>7090129
>thinking you can set a buy faster than a bot can send a packet of data
noice

>>7090166
This.

>>7090142
Yeah but then the bot buys a coin that's the victim of one of Bittrex's surprise (((delistings))) and it drops 50% never to recover. No thanks.
>>7090174
Yeah I get that but, damn, that really sucked. I thought I had it and it would have been a sweet buy. 20% in an instant and I threw a bitcoin on it.
>>7090166
I play every time frame this just happens to be one of my strategies and it pays off more quite a bit just not this time and this would have been sweet so it is frustrating.

>>7090166
yeah cant you buy hourly dips, OP?

>>7090209
if you are watching the market so closely for a dip then why not just set a buy order at the suspected dip?>

I hate to do this since I feel like it's unsportsmanlike but I guess I have to program my scanner to auto-buy these big dips. I really hate to do that though.
>>7090277
I buy any dip I think will bounce but you guys are talking like I should ignore the really quick ones. Why not buy those too?
>>7090297
The issue is bittrex will surprise delist a coin and it will dip never to come back. Also, I like to at least glance at a chart before I buy. i guess I'm going to have to play hardball though.

Comfy as fk with bzc

>>7090315
>unsportsmanlike

>>7090315
Unrelated to the OP but how are you doing buying dips? Good income? Having fun? Stressful or are you calculated and cool? :sunglasses:

>tfw you buy and sell part of your stack just to test the bots

We're at the bottom of the reds. Green day tomorrow.

>>7090353
The thing is, this market is getting eat up by bots, especially Bittrex and I actually enjoy trading so I hate to see things go down this road. Also, I can make a bot while 99.9% of traders can't so I feel like it's an unfair advantage. I actually left a very good slack community with 4000 traders cuz all I ever heard everyday was "BOT BOT BOT". Man, fuck that shit. Just trade.
>>7090387
I'm pretty good at it. 5x'd since Jan. 1st.
>>7090411
I hope so. This red is wearing me out.

>>7090452
Do you make big profits out of daytrading mostly? what were you biggest profits since jan 1?
I bought jan 14 and i'm barely break even after the recent crashes

>>7090452
You have any information about those bots?
I don't want to use them but I'm intrigued.

Get fucked idiot. This was bound to happen.

You thought you were smart profiting on daytrades. Then someone thought they were smarter and cucked you with a bot. And someone even smarter is cucking that bot with a better one.

>>7090527
I make the fastest money day trading although that isn't all I do. As an example, I made $13000 day before yesterday on RKC. And $7000 the day before that on the same coin. Like I said, I'm trying to get rich and these bots are seriously crimping my style.
>>7090532
Only info I have is watching them work and seeing how fast they are. Working through it in my head, obviously they're getting the order book via web sockets and throwing a buy in with the API.
>>7090559
Haha. True! I guess I'll have to up my game then.

>>7090600
Disappointing, I've always wondered what trading bots were supposed to do.

>>7090632
Well, if you want to get technical, what I described is just the beginning and end of the process. Once the bot is subscribed to the order book, it has to have some algorithm that tells it when to buy and sell. Maybe it uses indicators. I know gunbot uses bollinger bands and EMA. But it can be set to whatever you want. Sentiment analysis is getting popular I know so maybe count the pink and green wojaks on /biz/ if that works. I have my own special sauce that tells me when it's time to buy I just have to reduce the latency between the initial price action and my response. The human factor is my weakness. Like I said, it took me 3 seconds to respond to this GRC dip and that was entirely too long. Entirely too long.

>>7090720
TA is proven bullshit.

>>7090720
I thought it was exploitation of the way trades work, but it seems it's just kind of random.

>>7090744
I am of the same opinion which is why I don't use it and have never even bothered with a bot like gunbot that uses it. Way I see it, if you depend on bollinger bands, yes, you will make money for a while until the coin dips and doesn't come back. And the coins you set the bot on will all eventually do that one by one. Then at the end of it, you will sell your bags and end up with less money than you started from. I don't use any meme lines when day trading as they are mostly bullshit and unnecessary. That said, some people have a great feel for the market and do see success with MACD, RSI, etc. But they're doing it by hand and not a bot so whether they realize it or not, they're going on more intuition than anything else.

>>7090786
I'm not sure I'm understanding you but if you're referring to some kind of arbitrage then, yes, there are bots for that but it's not really what I'm talking about. If there were any blatant exploitation of the way trades work then that inefficiency would have been eaten up a long time ago. All of this is probabilistic and even the best bots are not guaranteed. I make money on my trading 99% of the time but I only take a couple of trades a day and I pass on dozens. That takes experience though.

>>7090950
All right thanks.

>>7090129
>>7090129
>misses huge ass dip for several days
>...
>misses a few sats for a couple of seconds
>"waaaa waaaa bots are cucking me :(("
stop microtrading you trash

>>7090950
>pass on dozens

what indicators do you look for? whats your research like? i understand if too personal to divulge.

>>7090990
Wait, what makes you think I didn't buy the dip on the 16th and turn around and sell the bounce on the 17th for 32%? I just wanted to catch this one too. I want them all. Don't you want to get rich too anon? Or are you just too damn precious to buy and sell 20% in a matter of seconds? Cuz I'm not.

>>7091052
I don't use any indicators, just look at the chart and eyeball it whether I think it's way oversold or not. If I think it is, I throw a lowball in. I do note where the price went so if I set my buy above the Ask and don't get it like in this situation, I start doing some serious self-evaluation. I also do this very very quickly, at least by manual trading standards. Apparently I was a tad too late this time though.

Well boys, just bought and sold a nice dip on UNIT so I feel better now. You guys have been a great collective shoulder to cry on. Good luck this year!

>>7091700
you taking off?

i wanted to post some dip charts and get your opinion on my choices

>>7091700
I'm still around. Go for it.

>>7092111 was meant for >>7092053

>>7092111
https://coinmarketcap.com/currencies/boolberry

$18,471 USD cap
rank 312

Would you bother with coins this small?

>>7092111
what about buying this NEO dip?
https://coinmarketcap.com/currencies/neo/

>>7092111
Rank 196
https://coinmarketcap.com/currencies/cappasity/

>>7090129
write a bot!

>still blames bots

The day you stop blaming bots, tether, twitterfags, etc for the reason you suck at this will be one the most important days of your life.

>>7092404
maybe you use an exchange that is less receptive to botting and experience it less?

maybe you could share what OP needs to improve on specifically. i'd appreciate it too as a newbie. may i assume you use botting yourself?

>>7092299
It has about 1 and a half BTC in volume so, yes, I'd mess with it if the price was right. i buy stuff all the way down to 0.1 BTC volume but only if it dips like 50%. That said BBR isn't dipping right now.
>>7092325
NEO is way too overbought right now and I wouldn't buy until it retraced to 114 at the highest. Really, I'd wait for 93 then think about unloading around 105 at the soonest.
>>7092363
CAPP needs to drop below 1750 before it's time to buy. If you can get it below 1400, it's a steal. If you get it below 14, sell above 17. If you get it at 17 ... just sell it when you're in profit.
Understand that this is predicated on day trading. If you are buying any of these coins to hold, then just buy whenever you feel like it. But, NEO, um, I'd think twice about that one.
>>7092404
But I don't suck at this. Not even a little bit. I just got sniped today and decided to make a post about it. Dude, I made $26000 day trading in the last 3 days. Still, fuck bots man.

>>7092466

If the exchange has an API, it has bots.

Just set bids at previous noteworthy resistance levels. The dump OP is referencing landed right on a major support level that was once major resistance horizontally.

>>7092626
>$26,000

hahaha holy shit I forgot how poor /biz/ is

>>7093201
>$26,000

>hahaha holy shit I forgot how poor /biz/ is
Um, let me say that again. $26,000 in the last 3 days. The last 3 days. Nothing? Tough crowd. Sorry I can't be cool like the other """billionaires""" on here.

>>7090129
Invest longterm & get a job.

>>7093371
You're not gonna get out of giving me all your money that easily you sneaky sneak. I may have lost GRC today but I more than made up for it on DIVX, UNIT, and PHR. You see, I'm like a casino. You might win a hand or two but I'll always get you in the end. And if the bots get too pervasive then I unleash the kracken. Pic very much related. Gonna be a very interesting year.

>>7093578
did you just code that? looks pretty good

>>7093785
Actually whipped that up a couple of days ago as part of a much larger trading project I'm working on. That is the part that does the buying though. I really prefer to do that by hand but, like I said, if the bots start making it too tough then fighting fire with fire is a mere uncommenting of a line.

>>7090129
I use stop limits

>>7093578
How are you deciding when to buy / sell with the bot?

>>7090452
Im interested in your style of daytrading. Im a long term investor but I want to try myself in daytrade since I got around 20Eth to move around. explain your strategy and drop your eth address. I will give you 10% of my earnings from your strat

>>7092626
Any idea how do I can manage daytrading(have 9-5 work, mostly grunt work though)

>>7094089
just basic buy low sell high. look at 7day charts and if the coin is lower than it should be, buy it and wait till it jumps up again

>>7090315
nigger have an order well below the ask price just incase it does those quick spikes
It'll shoot down , pick up your order then go back

Problem solved, it's just kinda annoying to set all the time

>>7093930
im curious why you have this adverse attitude to botting, does it feel too inhuman? prefer the feeling of pressing the buttons?

you mentioned something that some bots will screw up (buying a delisted coin) and that makes sense, the code could always mess up. another reason to take the manual route.

>>7094030
>>7094128
>>7094089
>>7094116
Without giving too much away, it's not quite as simple as "Buy Low Sell High". If it were, everybody would just do that and we'd all be rich. Here's the bottom line and this is probably some of the best day trading advice you'll ever see on here and it's free to top it off. Look for price action that does not reflect market sentiment. Think about it. The "market" which is the aggregate buying/selling decisions of everybody trading that coin at that moment believes the coin is worth x. Every now and then, the coin for whatever reason is going for not x but y despite the belief of the market as a whole. If the delta between x and y is more than a few percent, you strike. When the delta between x and y closes, you sell. It is up to you to figure out the best way of seeing this delta for yourself.
>>7094168
There are hundreds of coins and there is no way to know which will spike down and which didn't. If we all had unlimited funds, we could just put a 10 BTC buy 20% down on every coin on the book but we don't so we can't. You gotta be more strategic than that.
>>7094196
I think it goes back to when I used to play vidya as a kid. I refused to ever use cheats and I think I'm still carrying that baggage. I also like crypto vs. stocks since it does feel more human. That is slipping away by the day and on some exchanges it's all but gone.

>>7090129
by not trying to be some fucktard daytrader relying on meme lines and beating the market

just buy and hold like every somewhat intelligent human being

>>7094276
oh so you're trading like that
In that case yea, you'll be cucked by bots

I'm talking about for instance , you are focused on icx and watching the chart

You sold some of your stack on one of the peaks

Have a back up buy order lower than expected incase of sell spike

I dunno tho, i'm a trade noob. 3 weeks in the game : )

>>7094320
you're an idiot, shut your gab boy

Yea buy and hold, so you can ride the artificial pump then ride it all the way back down to where it was

For example XLM, look at the chart you fucking mong. People who held rode it up then back down. Smart ppl sold the top and bought the dip

>>7094351
>projecting

let me remind you that i am not the guy who complains about not being able to make money

also you seem to be very limited if you value some noise in the market. buy and hold is something you do longterm. like years. who cares about weekly dips

your fav candle size is probabyl 30 min

>>7093578
python bros.

Can't you just put a buy order in to ~price you think it will dip to?

you predict the market, also why do you think its so easy to bait bots? most recoveries in crypto are from bot baiting

>>7094424
some of us are trying to add to our stack

Can only do that if you pour more fiat in, or trade the tops

Also , most holdfags check their block folio all the time and check the charts. If you buy and hold and don't have anything to do with crypto for a year that's cool. If you check it all the fucking time yet you are a holder, why not trade once in a while?

>>7094320
I don't use meme lines and I don't just beat the market, I ruin it.
>>7094324
I don't trade like that, I was just using the example to illustrate the logical absurdity of just camping coins.
>you are focused on icx and watching the chart
You don't watch charts cuz the whole time you are watching ICX, every other coin is getting away from you and there are only so many tradable opportunities in a day and the odds of you just randomly watching the right chart are very small. You get something to watch the chart for you and you tell it what to look for. That last part comes with experience. Then you'll know what patterns are predictive and none of them have a name in any TA manual. You've been going for 3 weeks and if you want your money to last for another 30, you have a lot to learn.
>>7094449
When you're ready to level up, >pic related
>>7094497
No. Which coin is going to dip? There are hundreds. Only a few dip in just the right way every day. You have to be much more strategic than that. If it were that easy, everybody would be doing it.

>>7094510
>why not trade once in a while
because trading is gambling and the more i trade the more fees i have to pay. so i rather only buy once, hold for some time and sell once

your expected return by trading is 0 - fees no matter what your TA says.

the only posibility to get free money is by arbitrage which is only accessible with bots and high volume which barely anyone has

f.e. average arbitrage on poloniex this monday was 30 cents if you have 0% fees

and even if there is a position big enough to trade its only open for 2 tenth of a second on average

another limiting factor is that your min vol is 0.0001 btc which makes some arbitrage positions unreachable

>>7094621
>posting some random code without any info whatsoever
what are you trying to say?
is it even your code?
does it even trade?
is it an arbing bot?
just an app to trade over the api?

>i ruin it
statistically you are most likely ruin your stake

>>7090129
But the bots cant trade long term. 1-3months and more. So, we gucci

>>7094449
I should add to my previous comment which is in jest, I like what you got.
>>7094626
>trading is gambling
I think of gambling as something where the house has the edge and I'm just doing it for fun even though probabilistically, if I play enough hands I'm guaranteed to eventually lose. Trading is not gambling if you are using a strategy that gives you an edge. Of course most people choose a trading strategy that matches the former just not me.
>the only posibility to get free money is by arbitrage which is only accessible with bots and high volume which barely anyone has
Arbitrage opportunities are accessible to anyone that has both pairs they wish to arbitrage with on multiple exchanges. When the price gets out of whack, you buy on the one exchange and sell on another then square your coins up when the mood strikes. Pro tip: LTC between GDAX and Bittrex.
>>7094688
>what are you trying to say?
He posted some code so I responded in kind. Think of it as bantz between programmers. He can take one look at what I put up and know that a) it isn't random and b) what I was getting at with it
>is it even your code?
Yes.
>does it even trade?
No. It is part of a scanner.
>statistically you are most likely ruin your stake
Think of it like running from bears. Me and every body else is running and the market is the bear. Do I have to outrun the market? Or do I just have to outrun you.

>>7094621
>You don't watch charts cuz the whole time you are watching ICX, every other coin is getting away from you and there are only so many tradable opportunities in a day and the odds of you just randomly watching the right chart are very small. You get something to watch the chart for you and you tell it what to look for. That last part comes with experience.

I do this with a spreadsheet finding what the average low is over x period, and counting what the difference isbetween the average low and the current price. It's how I found the coins I posted earlier.

>>7094770
you are so naive while you think you are some niche programmer who is able to do magic

programming is easy as fuck. everyone i know who trades has some kind of bot. so you are no special snowflake but rather just one of many

and no you dont have an edge with a strategy. but i guess you never read any papers on finance. some legit stuff. not reddit, biz or your biased news page.

also sure arbitrage is accessible for everyone but without any profit since frictions. again you probably never read any papers. maybe start with limits of arbitrage.

>He can take one look at what I put up and know that
a little bit websocet a little bit https request and thats about it

where are your superior algos thath give you the edge? oh right its just a scanner. you probabyl dont even trade with it. poser

> Or do I just have to outrun you.
yes. but you are not the one doing the outrunning. its people who have srs hardware and volume. like billions. again read papers. in regular stock trading there are like 20 corps that are able to do the outrunning. and trust me in crypto you are not one of those "20"

>>7093578
>print(ez)
kek'd a little

>>7094871
you dont have any friends you are an autist taking some banter extremely seriously and mad posting because he trades differently than you. this thread was never about him bousting superior programming skills. you are trying to challenge him at something because you feel inadequate he makes money trading and you don't. that's what it seems like. as long as he makes a profit, why are you harping on him like a faggot?

day trading is for niggers and virgins

>>7093578
still only random code.
where is your algo which determines when and what to buy?

no statistics on your profit/loss, volume?

get out of here you wannabe

>>7094965
tfw math too hard

>>7094971
wait you own the same bot and that red is all loss? its gunbot? lel

>>7094770
na will stick to python B-)

atm im integrating binance. only on bitfinex right now. have a gui which connects via websocket to my trading bot so i have nice visuals to look at while the bot does its thing.

good luck profiting of people still trading manually. kek

>>7094954
you are making some huge assumtions here
>he trades
>he makes money / he makes a profit

you believe everything right? who needs facts or data. i mean he posted some random code that absolutely says nothing about his success whatsoever

>>7095008
ye because my bot trades the red positions

those are tradable positions not traded positions you genius

>>7094871
You kind of come off like a boomer. Are you over 50 by chance? No offence, just curious.
>programming is easy as fuck. everyone i know who trades has some kind of bot. so you are no special snowflake but rather just one of many
Okay, let's consider this. How many people actively trade? Of those people, what percent are interested in using a bot? Of those people, what percent are programmers? Of those people, what percent have a viable strategy that a bot can execute? of those people, what percent have actually sat down and put it together? And at the end, how many people are we talking about? Hundreds? Thousands? How many people are in crypto? Millions? What difference does it make to me? None. What I have makes plenty of money. When that changes, I'll make it better. The upshot is, just because somebody can program doesn't mean they know how markets work or can write a good algorithm to make money from this particular market. So I'm not worried.
>no you dont have an edge with a strategy
Okay dude.
>sure arbitrage is accessible for everyone but without any profit since frictions
Imagine you are an ETH hodler who has ETH spread out on 10 exchanges including HitBTC and Binance. You wake up and ETH is going for 5% more on Binance vs. HitBTC. You sell the ETH you have on Binance and buy ETH on HitBTC. Then you transfer the ETH you bought on HitBTC back to Binance. You now have more ETH than you started with at no risk only minus the transaction fees which are much less than 10%. For somebody running their mouth you sure don't have a clue what you're talking about. But now you do. Your welcome.
>where are your superior algos thath give you the edge?
Like I'm gonna tell you. Get real man.
>yes. but you are not the one doing the outrunning. its people who have srs hardware and volume.
That's that boomer shit. You are just handwaving something you have no idea about. Keep talking and I'll keep doing. We'll see who ends up richer. me

>>7095133
>We'll see who ends up richer. me
So you made a thread on /biz/ complaining and crying because... you're making money? I feel like all your posts just sound like you trying convince yourself that you're smart despite losing money lmao

>>7095133
>We'll see who ends up richer. me
post your stake if you are so confident

>>7095229
I made a thread because something very unusual happened. I got scooped by a bot. It's such an unusual thing that I figured I'd shoot the shit about it on /biz/. For drama, I spiced it up as "le end of trading as we know it". But really, it just came as a little surprise and actually made my night a little more interesting. Like I mentioned up thread, I more than made up for it on 3 other coins I traded today. This game would be boring if I won every single time.
>>7095250
There's nothing I could "post" that couldn't be faked so what's the point. I posted a trade upthread with a bunch of numbers that would be pretty tedious to fake but if that's not enough then I don't know what to tell you man. I don't even care anyway. You were going on about arbitrage and you have a demonstrated complete lack of knowledge which I easily corrected. And that is basic babby tier arb so why would I even take you seriously.

>>7095133
I like you anon. Would love to chat with you in private if possible, away from all the retards. I’m an oldfag whos been making money in crypto since Silk Road using various bots (not trading).

>>7090744
not really thought.
ta is mumbo jumbo,
lots of people use this mumbo jumbo
therefore it works (though not reliable)

>>7090315
It seems like the bots know who's bid is human and which one is a bot. They do not let you buy or sell unless there is a massive correction and the walls move.

>>7095040
he sounds sincere, yes.
probably inflating his success like everyone, but sincere.

Since exchanges APIs mostly don't even update every 3 seconds I doubt OP has anynclue what's going on.

>>7095407
Hit me up at achievetheobjective at g(m)ail. I'm about to lay down but I'll get back to you.
>>7095543
I do alright.
>Since exchanges APIs mostly don't even update every 3 seconds
That's where you're wrong kiddo

>>7095756
That last part was meant for >>7095603
Just curious, what makes you think they update only every 3 seconds? When people say stuff like that, I wonder where exactly they get it from. The answers can be insightful. Thanks. No offence.