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Stock trading robots: I have been running them for a long time with great success turning my full time job into a side project of sorts... It is based on fear
by SirLJ 9y ago
Stock trading robots: I have been running them for a long time with great success turning my full time job into a side project of sorts...
It is based on fear and greed, so I project to run for a long time still... maybe until the real AI take over the stock market... or maybe the AI will also be afraid and greedy like its human parents... so it might run some more :-)
- infiniteseeker 9y agoCould you please give a high level overview on how one can get started with this? Im new to trading and learning valuation etc. I wouldnt mind writing my own bot and playing with various scenarios! Thanks!!
- SirLJ 9y agoOK, high level: you came up with a sound idea about trading strategy and go and backtest it for AT LEAST one market cycle, the more you test the better/robust your system is going to be... After you find a working one, you set your risk level, e.g. what percentage from your capital to risk per trade, the best to start is to use Kelly criterion (usually half Kelly for the stock market) and you go from there...
- yitchelle 9y agoHave you try applying it to trading altcoins?
- SirLJ 9y agoIt is going to work, the problem is that the whole environment is too risky for me... I would not put let's say 200k or 500k into an unregulated crypto exchange, with no government insurance and protection for my assets... Not to mention they are a huge target for hackers, and the lack of government regulation can hurt a speculator like me, there is nothing to prevent the exchange to do a lot of stuff which are illegal in the regulated stock market(and you can actually go to jail for...)