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Options trading robot, it is currently doing ok in simulations but I am too scared to give it real money. I have never written so many tests for such a small am
by ericmcer 6y ago
Options trading robot, it is currently doing ok in simulations but I am too scared to give it real money. I have never written so many tests for such a small amount of code before.
- moneywoes 6y agoWas working on something similar myself, what is your tech stack?
- ericmcer 6y agoNodeJS wrote a custom little api for cheddarflow and Robinhood so it can check unusual options activity and contract prices instantly(ish)
- cik 6y agoIt's cathartic. I've been running one for 3 years now. Just turn it on, there's no other way to learn.
- dehrmann 6y ago> I am too scared to give it real money You should be. I hedged a bit recently with some options. Options can be low-volume, so the bid/ask spread alone can kill you. Read that bit again. If you're not accounting for the spread, you might get killed. They're also incredibly volatile right now. I've had days +/- 30%. I'm not sure if someone like Robinhood goes lower, but a contract is for 100 shares, so the min bet is big.
- edoceo 6y agoAlways 100 shares
- ericmcer 6y agoYeh your right, It’s programmed to not mess with anything where the bid ask is >3%. Otherwise yeah, it would get eaten alive. It uses a combination of unusual options flow and some basic technical analysis to make trades and has been doing well so far but... it is easy to lose a lot quickly if ya blow it.