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/biz/ - Business & Finance

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1890892 No.1890892 [Reply] [Original]

>tfw trading because it's one of the few occupations that don't require any human interaction

>> No.1890898

>>1890892
>implying you're making any money in the long run

You live with your parents don't you?

>> No.1890933

>>1890898
about $100 a day currently, with a cryptocoin trading bot, extracting a pittance from people who trade on "gut feeling"

>> No.1890945

>>1890933
How much did you invest?

>> No.1890947

>>1890933

why would you lie on the internet

>> No.1890949

I wanna do this :/ prob will lose my job soon because socially incompetent. Are you arbitrage trading or momentum trading or something?

>> No.1890962

>>1890945
about 5 BTC

>> No.1890966

>>1890949
Arbitrage.

The bot is written in Python. While it's great for prototyping, I wouldn't do it again. Dynamic typing is terrible when you have code paths that depend on external data and are only called rarely. Rewriting it in Scala soon. Finally a reason to practice Scala.

>> No.1890969
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1890969

>>1890892

How much capital you workin with?

>> No.1890973

>>1890969
5 BTC

>> No.1891250

>>1890966
What kind of arbitrage? Aribtrage on price difference between exchanges?

>> No.1891274

>>1891250
Yes
It's very limited in scale and probably won't work forever. Picture a hot dog stand making $100 a day. I won't make $1000 with 10 hot dog stands the same place.
The effective hourly wage is probably also pretty bad, considering research & development. Fun, though, and keeps your programming skills fresh

>> No.1891290

>>1890933
what pairs do you trade? which exchanges?

do you have a degree? you sound smart

>> No.1891307

>>1891290
Dropped out of computer science; don't know much about economics. I can't disclose specifics because the market is tiny. It is my impression that small markets offer greater chances for amateur traders. There aren't 50000 brilliant mathematics PhDs analyzing them, unlike real stock markets.

>> No.1892103

>>1891274
Yeah, i noticed the slight mispricing between exchanges as well. But figured it would take me too long to make a program and was prob just missing something. And people prob had already written programs to remove the arbitrage. Pretty cool that u did it

>> No.1892120

>>1891307

That's pretty cool. I know that feeling of things not scaling up. I THINK I found a way to make money trading as well, but looking at the market conditions, I don't think it can scale up, but it is easy and requires minimal effort and worry. Hopefully it'll be able to cover my rent and food.

Good on you man.