Are You Trading or Gambling?

Re:Are You Trading or Gambling? by MajorSauce on Saturday February 27, 2021 @02:02PM (#26287200)

I recently made a bot to find profitable cryptocurrency pairs loops and while most exchanges already have dozens of users doing exactly the same thing (if the exchange itself is not doing it), I really liked the motivation it gave me to start a new coding project in a language I did not touch for some time (C#) instead of my traditional python approach.

You post just inspired me to make something similar (whether stocks or crypto) and I wanted to thank you for that. I too see trading as pretty stressful and demoralising (even for trivial amounts) and implementing my own stocks/crypto manager could transform those failed trades into "that's interesting" moments.

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Re:Are You Trading or Gambling? by gerritsg on Saturday February 27, 2021 @04:19PM (#26288269)

Are you having much success with it? What platform are you using? I've wanted to do something similar in Rust.

Or if your bot is just _finding_ the pairs now but not trading, is there a platform you plan to use?

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Re:Are You Trading or Gambling? by MajorSauce on Monday March 01, 2021 @12:35PM (#26305454)

So far the only exchanges where I found some opportunities are the ones that do have a public API, probably because there is less competition on those.

For example, I have yet to find a single profitable pair loop on Binance, despite parsing their WebSocket feed.

But on exchanges that implement anti-scripts, it is not uncommon to have pair loops with a ±1% profit after fees. The hassle is to implement trading with tools like Selenium to proceed with the trade.

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