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Bitcoin Auto Trader. Not HFT I've done inter-exchange/inter currency arbitrage technically, most platforms take on the order of hours to extract so it isn't rem
by valarauca1 10y ago
Bitcoin Auto Trader. Not HFT I've done inter-exchange/inter currency arbitrage technically, most platforms take on the order of hours to extract so it isn't remotely HFT.
1. Private Wallets: Most your coin should be in wallets you control. Your profit margin should be transferred immediately to a cold wallet that your bot doesn't have keys too.
2. Only move coin to an exchange when you for a transaction, and immediately extract it once the exchange is complete. Yes this forces your swaps to have a fairly non-trivial margin.
3. My API tool scrapes several exchanges. But every 24 hours I have to manually input which exchanges to actively consider swaps between. The goal of this is to avoid exchange bad news.
Even with all these safeguards I managed to lose ~$400 when Mt Gox shutdown.
Now that I'm employed I mostly do day/casual trading on NASDAQ tech stocks based on personal tech news/market timing [1]. I went from ~110% yearly gain to ~380% yearly gain. It requires 1/100th the effort and leaves me time for FOSS projects.
[1] Yes I'm aware this is generally considered the worst strategy ever.
- _spoonman 10y agoAre you writing code to trade on NASDAQ (like through IB) or just using brokerage features?
- valarauca1 10y agoNot in the slightest. I make maybe 1 market movement per quarter (divest/invest). Most my trading is re-enforcing the positions I already have monthly (to avoid per trade costs). Most my investments boil down to 1. Mid-quarter purchasing if a silicon good ran into shortage issues (not triggered by supply chain but demand). Not dased on official outlets but on local stores/discussion boards. 2. Post announcement hype deflation bidding on products I feel will succeed, or will succeed for technical reasons. 3. Very high risk long duration options on things I dislike or companies losing a sense of direction/product. 4. Connecting the dots on inter-coprate deals. X company buys fab plant from Y company.. 2 years later X company announces data center with Z feature.. 1 year later Y company announces Z feature, no other company does. 5. Watch OSS commits, know the products/markets/technical details to the degree of people working on the products. 6. If its in a magazine/blog you already missed the market. 7. The only internet companies worth investing in are monopolies.
- xenihn 10y agoI have to ask...did you invest in either Nvidia or AMD? They both had huge gains in the past year.
- valarauca1 10y agoBoth. Nvidia is the clear leader in enterprise FPU's (for ML+Autonomous Vehicles) AMD for long term gains from ZEN (I'm up nearly 400% on AMD).