Author

Topic: Challenge: if you really are a guru, post trades in real time (Read 4615 times)

hero member
Activity: 728
Merit: 500
Sorry. It's just kind of hard to do that when I'm daytrading in high volume and tracking a bunch of charts at the same time. Maybe I should only post in here when I'm doing swing trading and not daytrading?
legendary
Activity: 1040
Merit: 1001
Folks,

Let's keep this thread real.  "Posting in real time" does not mean posting completed trades once they're complete.  That's too easy to be selectively biased about, i.e., only posting successful completed trades and omitting completed trades gone bad.

Rather, it means posting both the opening of the trade and the closing of the trade independently at different times. 

Obviously, the primary motivation is to show off.

But I think there's a better purpose here: to be honest with yourself, track your record in public, and learn from your mistakes.  It can only pay off long term.

I suggest some sort of common format.  Something like:

Open: Bought 1.4BTC @ $500

Or something similar.  I'm open to suggestions.
hero member
Activity: 728
Merit: 500
hero member
Activity: 728
Merit: 500


Hard to post trades in real time when I'm daytrading.
hero member
Activity: 840
Merit: 1000
yea ive noticed how my orders have an unnatural weight on bitfinex, I take it as flattery. I use 2.5 leverage but no stops for sure.

yeah....as though much of the other 'orders' were simply faked volume in order to entice suckerstraders in to play. When I first discovered leveraged trading on Bitfinex, it seemed like I couldn't lose when they still allowed Stop Losses to be routed through Bitstamp, but when they took that routing option away, I started getting my pockets picked left right n centre.

I may go back to that place, but would never ever place a leveraged trade there in a low volume environment such as what we have seen, and ideally I would have the discipline only ever to trade when I was certain of a future course of events......of course what normally happens is that I go there with a certain trade in my mind, I do well on that and start to think that I am too smart, and then I start firing trades off from the hip all over the place and rapidly deplete my profits.
legendary
Activity: 924
Merit: 1001
yea ive noticed how my orders have an unnatural weight on bitfinex, I take it as flattery. I use 2.5 leverage but no stops for sure.
hero member
Activity: 840
Merit: 1000
congrats. I made some nice money shorting from 620. dare I say not a good day for everyone though.

Today I learned how Bitfinex is never priced in your favour. early days. 


My profits were pish. I just cashed them in out of spite for the market.

That short would have been a bit juicier, especially if leveraged, but also very risky doing any leveraged trade in such a shallow stagnant market.

You will soon learn that Bitfinex is a shark pool. Basically, you shouldn't set Stop Losses there. You will be cheated. I have seen Bitfinex spike to exactly where my stop losses where set before. i.e. My stop losses turned out to be the top of the short term market. The exchange owners would suggest that their are bots that can try and guess where the margin calls are. I would suggest that these bots have a little helping hand with inside exchange info, and then they bots can calculate how far up/down the order book it is worth their while to bid/sell in order to trigger margin calls.
hero member
Activity: 681
Merit: 507
gratz!

i am just happy that i get rid of the ltc in time and didnt make much loss. Cheesy

for now placing my bids low and wait. 13$ltc 500$btc.  expecting the market to go sideways or down, but not up.
legendary
Activity: 924
Merit: 1001
Just took short profits and im leveraged long on Bitcoin from 575.

woot woot scared much?

I had buy-ins triggered at 557.32, just sold at 575.

congrats. I made some nice money shorting from 620. dare I say not a good day for everyone though.

Today I learned how Bitfinex is never priced in your favour. early days. 
hero member
Activity: 840
Merit: 1000
Just took short profits and im leveraged long on Bitcoin from 575.

woot woot scared much?

I had buy-ins triggered at 557.32, just sold at 575. No doubt Bitcoin will go up a bit more, look as though it is going to break out but actually break down etc and whipsaw everybody around as the exchanges empty the side of the order book with the majority of leveraged trades into their pockets, but for me, overall sentiment is still negative.

I will be away from home all day today and don't consider the risk of having open Bitcoin positions worthwhile at this point in time.
legendary
Activity: 924
Merit: 1001
Just took short profits and im leveraged long on Bitcoin from 575.

woot woot scared much?

EDIT. - closed for $3 profit when I saw all that bloody arbitrage filling up. Ill get in lower.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
Bought at $579 sold at $598 and bought again at $563.
I would have posted in real time but I was asleep for it   Grin
newbie
Activity: 42
Merit: 0
Just placed a buy order at 530.17 to close my short positiion opened at 621.21

I hope it will be filled in the next hour.

Nick.
legendary
Activity: 924
Merit: 1001
just bought 250 LTC @ $16.93 USD - looking to hold for 24 hours or less.


EDIT LOL got raped on that one but luckily still holding 7 BTC shots so all good.
hero member
Activity: 681
Merit: 507
just bought

49.1 ltc for 1.42btc ~ 0.0289
and another
32 ltc for 1btc ~0.0307

sold the ltc @ 17.30$ last night. lost a bit of the bubble profit with this trade.  Undecided

full fiat atm.

ltc market looks bearish short term. on huobi 10k ltc bid walls just disappear before price reach them, its fake support.

but not confident with btc either.
hero member
Activity: 728
Merit: 500
I've come to the realization that doge now has 3% of the volume of that it had when I first started trading it and I should probably stop trading it until that changes.
legendary
Activity: 1470
Merit: 1007
Sold ~1/5 of my on-exchange BTC @590-595
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
does anyone else think it's time for a LTCUSD upswing/correction? I do. I will be looking to short heavily at 19.5 if it gets there.

There are divergences present in the charts. I do not see $19.5 happening but If I'm wrong, then I'll just make more profit, so we'll see Tongue

Edit:
Oh and BTW, I picked up a few million dogs in the 120's looking for 300's+ to exit
legendary
Activity: 924
Merit: 1001
does anyone else think it's time for a LTCUSD upswing/correction? I do. I will be looking to short heavily at 19.5 if it gets there.
hero member
Activity: 728
Merit: 500
I opened a short on bfx at $610 to cover the coins I sent to btce. I don't feel like selling there for some reason. I might move them to cold storage.
legendary
Activity: 924
Merit: 1001
Taking profit from my LTCBTC short.

further shorting BTCUSD by 7 BTC between at an average of 610.
hero member
Activity: 728
Merit: 500
Adding 3 million dogs at 128
hero member
Activity: 728
Merit: 500
after watching the ltc swings i wonder why the hell i trade btc/usd. it all started with ltc for me btw. my first 500% of profit was ltc trading., maybe i should go back

Question (since you seem know your stuff)... how does LTC handle volume? I didn't trade any alts yet, always thinking 'probably too much slippage to be worth my while', but from what I can tell you don't trade in tiny volume either. Is it worth it? (I'm aware, asking another trader if he thinks I should trespass into his territory Cheesy ... just think of me as another pig that can be slaughtered)
This is why I trade ltc on btc-e. btc-e is like mtgox for litecoin (when gox was still big). When I was trading last night (morning), the volume was:
ltc/btc: 600,000LTC / 20,000BTC
ltc/usd: 1,200,000LTC / 2,400,000USD

So the total volume was about 1,800,000LTC.

This is actually low for a litecoin rally day. On previous days, volume has been as high as 5 - 10 million LTC.  That is why it crashed.
full member
Activity: 214
Merit: 100
Your Recent Trades

TIME   TYPE   PRICE   POT   TOTAL   FEE   NET TOTAL
2014-03-19 00:16:19   BUY   0.00001420   229.74715911   0.00326241   0.00000489   0.00326730
2014-03-19 00:12:08   BUY   0.00001420   50.44586122   0.00071633   0.00000107   0.00071740

I will post when I sell hopefully on 4/20. I know it's a lame trade just wanted to get in on the action.
legendary
Activity: 1470
Merit: 1007
after watching the ltc swings i wonder why the hell i trade btc/usd. it all started with ltc for me btw. my first 500% of profit was ltc trading., maybe i should go back

Question (since you seem know your stuff)... how does LTC handle volume? I didn't trade any alts yet, always thinking 'probably too much slippage to be worth my while', but from what I can tell you don't trade in tiny volume either. Is it worth it? (I'm aware, asking another trader if he thinks I should trespass into his territory :D ... just think of me as another pig that can be slaughtered)
hero member
Activity: 728
Merit: 500
sold 200ltc @ .0313 ( a while ago)

bought 500ltc @ .03

sold 700ltc @ .0304

Now I'm out of my over-extended daytrading position and back into something I'm willing to hold for the daily charts.

you are holding short 700 LTCBTC?? very nice. That idea occurred to me in the rush fro $21-17.8, but I am focused on BTC.

I think you will be well rewarded.
No I'm not short. I'm trading on btce actually.

At one point tonight I had 1450ltc. Now I only have 600LTC.
legendary
Activity: 924
Merit: 1001
sold 200ltc @ .0313 ( a while ago)

bought 500ltc @ .03

sold 700ltc @ .0304

Now I'm out of my over-extended daytrading position and back into something I'm willing to hold for the daily charts.

you are holding short 700 LTCBTC?? very nice. That idea occurred to me in the rush fro $21-17.8, but I am focused on BTC.

I think you will be well rewarded.
hero member
Activity: 728
Merit: 500
sold 200ltc @ .0313 ( a while ago)

bought 500ltc @ .03

sold 700ltc @ .0304

Now I'm out of my over-extended daytrading position and back into something I'm willing to hold for the daily charts.
hero member
Activity: 681
Merit: 507
just bought

49.1 ltc for 1.42btc ~ 0.0289
and another
32 ltc for 1btc ~0.0307
legendary
Activity: 924
Merit: 1001
Code:
LTC/BTC buy 3 LTC 0.02899 BTC 0.08697 BTC 19.03.14 12:07
LTC/BTC buy 107 LTC 0.02899 BTC 3.10193 BTC 19.03.14 12:07
LTC/BTC sell 65.1907 LTC 0.03377 BTC 2.20148993 BTC 19.03.14 09:48
LTC/BTC sell 31.7796 LTC 0.03379 BTC 1.07383268 BTC 19.03.14 09:48
LTC/BTC sell 3.02976 LTC 0.0338 BTC 0.10240588 BTC 19.03.14 09:48
profit ~9.8LTC and ~0.17 BTC

nice haul!
full member
Activity: 227
Merit: 100
Code:
LTC/BTC buy 3 LTC 0.02899 BTC 0.08697 BTC 19.03.14 12:07
LTC/BTC buy 107 LTC 0.02899 BTC 3.10193 BTC 19.03.14 12:07
LTC/BTC sell 65.1907 LTC 0.03377 BTC 2.20148993 BTC 19.03.14 09:48
LTC/BTC sell 31.7796 LTC 0.03379 BTC 1.07383268 BTC 19.03.14 09:48
LTC/BTC sell 3.02976 LTC 0.0338 BTC 0.10240588 BTC 19.03.14 09:48
profit ~9.8LTC and ~0.17 BTC
legendary
Activity: 924
Merit: 1001
enough playing with LTC, back to BTC. I shorted 4.3 BTC on BItfinex @ $614. Im looking to take profit at 560-580 within 40 hours.

I think you just shorted the coins I just bought =P

oh dear what will the night bring. one of us had to lose  Cry
full member
Activity: 216
Merit: 100
RicePicker
enough playing with LTC, back to BTC. I shorted 4.3 BTC on BItfinex @ $614. Im looking to take profit at 560-580 within 40 hours.

I think you just shorted the coins I just bought =P
legendary
Activity: 924
Merit: 1001
after watching the ltc swings i wonder why the hell i trade btc/usd. it all started with ltc for me btw. my first 500% of profit was ltc trading., maybe i should go back

+1..... today was a bloody and delightful day for litecoin. I wonder if it was 100% huobi hype. Hype does not come around every day though. I feel more comfortable trading bitcoin.
hero member
Activity: 728
Merit: 500
after watching the ltc swings i wonder why the hell i trade btc/usd. it all started with ltc for me btw. my first 500% of profit was ltc trading., maybe i should go back
legendary
Activity: 924
Merit: 1001
enough playing with LTC, back to BTC. I shorted 4.3 BTC on BItfinex @ $614. Im looking to take profit at 560-580 within 40 hours.
legendary
Activity: 924
Merit: 1001
Just shorted 120 LTC/USD @ $20.00 USD


Now that is both ballsy and in the transparent spirit of this thread. I applaud you, sir.

=D thanks. update, I bought back at 19.03 for an easy profit, and I'll short any LTC that dares to come within reach of 20 ever again =P
hero member
Activity: 728
Merit: 500
bought 300ltc at .0296
legendary
Activity: 1040
Merit: 1001
Just shorted 120 LTC/USD @ $20.00 USD


Now that is both ballsy and in the transparent spirit of this thread. I applaud you, sir.
legendary
Activity: 924
Merit: 1001
Just shorted 120 LTC/USD @ $20.00 USD
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
High risk / HUGE reward
bought meow at 3
sold MEOW at 4
33% profit in under 2 hours
https://www.cryptsy.com/markets/view/149
hero member
Activity: 728
Merit: 500
bought 500ltc at .0318.
sold 300ltc at .0328
bought 500ltc at .0307

this all happened in the past 15 minutes or so...
legendary
Activity: 896
Merit: 1000
Does this include alt/BTC?
Many of the coins on Cryptsy are down ~90% and some are a strong buy.

shhhhhhh  Grin

I concur. Let me load up on, uh.. Mooncoin (not really) before you spill the beans.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Does this include alt/BTC?
Many of the coins on Cryptsy are down ~90% and some are a strong buy.

shhhhhhh  Grin
legendary
Activity: 924
Merit: 1001
Just shorted LTCBTC at 0.0315. looking to hold.
hero member
Activity: 728
Merit: 500
Bought dogecoin @126
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Does this include alt/BTC?
Many of the coins on Cryptsy are down ~90% and some are a strong buy.
legendary
Activity: 2576
Merit: 1087

The problem with your argument, as with so many game theoretic derivations, is that it assumes a "static" setup, and then derives conclusions that are correct for the simplified setup, but not necessarily for reality. In the case under discussion here, I could construct a "meta meta" game where, given enough time, effort and actual ingenuity you could create a flock of followers with an account that allows you to exploit their group behavior, while also keeping track of diminishing returns. Once you become convinced other are onto you, you continue the game with a new account, with a new set of "followers". The previous is not so much a practical suggestion (if you are good enough to gather followers that easy you probably don't need to manipulate to make consistent profits), but to point out that the conclusions drawn in many GT derivations based on a finite set of premises can rather easily be picked apart.

your argument is sound. there isn't much more to be said of the various metastrategies involving inducing other market participants to make a certain action other than the fact that they are unstable. you point out that if you are able to pull off such a dynamic strategy then it is at least feasible to profit from it, however you're doing far more than simple market manipulation at this point. i suppose the limits of my argument are to simply state that the idea that "market manipulation = profits" is not sound under basic game-theoretic formulations of the trading game.

edit: also deriveable from my original argument is that this metastrategy is more unstable the more efficient the market is. as such, there is a hard limit to the profitability of the dynamic metastrategy imposed by the cleverness of the other participants enforcing efficiency.

--arepo

good point. but keep in mind, the discussion started because someone wondered why anyone would "share" his privileged information status. the answer was: to profit from predictable reactions your information sharing causes... but for that to be the justification, one only needs to believe it to be profitable to do so (marginally even, maybe), it does not necessarily have to be significantly profitable.

Probably runs down to the question how efficient you believe the market, and how rational you believe market participants, to be. I don't have such high opinions of either of the two (and that includes myself, by the way Cheesy)

sounds like game-theory-ception

how about i share cos i don't care*.

im all in BTC. as ever. hold as much as I can at all times. sell a bit when it goes crazy. buy a bit when it looks bottomy.

(*dont think it makes any material difference to the outcome)
legendary
Activity: 1040
Merit: 1001
Lets see it OP. Post your entire trading history

I'm not a trader, but I am a speculator.  My original buy price is $120ish.  Actually, my original original buy price was $12 but those coins were stolen.  So my current buy price is $120.  Regardless, the spirit of this thread isn't about what someone has done in the past, as that's easy to fake.  It's about posting in real time.

I don't plan on selling any time soon.  But when I do, I will post it here as I do.
legendary
Activity: 1470
Merit: 1007

The problem with your argument, as with so many game theoretic derivations, is that it assumes a "static" setup, and then derives conclusions that are correct for the simplified setup, but not necessarily for reality. In the case under discussion here, I could construct a "meta meta" game where, given enough time, effort and actual ingenuity you could create a flock of followers with an account that allows you to exploit their group behavior, while also keeping track of diminishing returns. Once you become convinced other are onto you, you continue the game with a new account, with a new set of "followers". The previous is not so much a practical suggestion (if you are good enough to gather followers that easy you probably don't need to manipulate to make consistent profits), but to point out that the conclusions drawn in many GT derivations based on a finite set of premises can rather easily be picked apart.

your argument is sound. there isn't much more to be said of the various metastrategies involving inducing other market participants to make a certain action other than the fact that they are unstable. you point out that if you are able to pull off such a dynamic strategy then it is at least feasible to profit from it, however you're doing far more than simple market manipulation at this point. i suppose the limits of my argument are to simply state that the idea that "market manipulation = profits" is not sound under basic game-theoretic formulations of the trading game.

edit: also deriveable from my original argument is that this metastrategy is more unstable the more efficient the market is. as such, there is a hard limit to the profitability of the dynamic metastrategy imposed by the cleverness of the other participants enforcing efficiency.

--arepo

good point. but keep in mind, the discussion started because someone wondered why anyone would "share" his privileged information status. the answer was: to profit from predictable reactions your information sharing causes... but for that to be the justification, one only needs to believe it to be profitable to do so (marginally even, maybe), it does not necessarily have to be significantly profitable.

Probably runs down to the question how efficient you believe the market, and how rational you believe market participants, to be. I don't have such high opinions of either of the two (and that includes myself, by the way :D)
sr. member
Activity: 448
Merit: 250
this statement is false

The problem with your argument, as with so many game theoretic derivations, is that it assumes a "static" setup, and then derives conclusions that are correct for the simplified setup, but not necessarily for reality. In the case under discussion here, I could construct a "meta meta" game where, given enough time, effort and actual ingenuity you could create a flock of followers with an account that allows you to exploit their group behavior, while also keeping track of diminishing returns. Once you become convinced other are onto you, you continue the game with a new account, with a new set of "followers". The previous is not so much a practical suggestion (if you are good enough to gather followers that easy you probably don't need to manipulate to make consistent profits), but to point out that the conclusions drawn in many GT derivations based on a finite set of premises can rather easily be picked apart.

your argument is sound. there isn't much more to be said of the various metastrategies involving inducing other market participants to make a certain action other than the fact that they are unstable. you point out that if you are able to pull off such a dynamic strategy then it is at least feasible to profit from it, however you're doing far more than simple market manipulation at this point. i suppose the limits of my argument are to simply state that the idea that "market manipulation = profits" is not sound under basic game-theoretic formulations of the trading game.

edit: also deriveable from my original argument is that this metastrategy is more unstable the more efficient the market is. as such, there is a hard limit to the profitability of the dynamic metastrategy imposed by the cleverness of the other participants enforcing efficiency.

--arepo
legendary
Activity: 1470
Merit: 1007
Information leak can only hurt one's competitive position.

this. game theory, guys.

No way. If one is good, he can only gain following to help him to move the market where he wants it, at least a bit.

i'm fairly confident that (in general) any price manipulation would be costly, not profitable.

your scenario is discussed in the section titled "The Trading Metagame". the example i used is manipulating trading signals in indicators, but the analysis is relevant to any method that relies on inducing a certain action by other traders.

the take-away is that while this kind of manipulation may be able to yield profits in the short-term, it is unstable. that is, it cannot be performed consistently to yield profits.

--arepo

The problem with your argument, as with so many game theoretic derivations, is that it assumes a "static" setup, and then derives conclusions that are correct for the simplified setup, but not necessarily for reality. In the case under discussion here, I could construct a "meta meta" game where, given enough time, effort and actual ingenuity you could create a flock of followers with an account that allows you to exploit their group behavior, while also keeping track of diminishing returns. Once you become convinced other are onto you, you continue the game with a new account, with a new set of "followers". The previous is not so much a practical suggestion (if you are good enough to gather followers that easy you probably don't need to manipulate to make consistent profits), but to point out that the conclusions drawn in many GT derivations based on a finite set of premises can rather easily be picked apart.
full member
Activity: 143
Merit: 100
How about if you ran an exchange that pretended to exchange bitcoins, when in reality it had much less btc and fiat to sustain the operation. Add on the fact that at one time, your exchange dominated the worldwide transaction volume. Also, other exchanges closely followed your prices in an attempt at reducing an apparent arbitrage.

How costly would it be to manipulate the market then?


Such an exchange would likely have huge amounts of users who have huge amounts of coins to sell into your buying, so it would likely be very costly

Edit:
In the end, should this exchange file bankruptcy for whatever reason, they would pay the ultimate cost
sr. member
Activity: 448
Merit: 250
this statement is false
Information leak can only hurt one's competitive position.

this. game theory, guys.

No way. If one is good, he can only gain following to help him to move the market where he wants it, at least a bit.

i'm fairly confident that (in general) any price manipulation would be costly, not profitable.

your scenario is discussed in the section titled "The Trading Metagame". the example i used is manipulating trading signals in indicators, but the analysis is relevant to any method that relies on inducing a certain action by other traders.

the take-away is that while this kind of manipulation may be able to yield profits in the short-term, it is unstable. that is, it cannot be performed consistently to yield profits.

--arepo
hero member
Activity: 811
Merit: 1000
Web Developer
Are you still a guru if you share what you are doing?  Isn't one of the guru rules is don't trade and tell?
legendary
Activity: 854
Merit: 1000
Lots of people on here act like gurus, writing stuff like, "I bought at this price and sold at that price.  Look at how badass I am".

Here's a real challenge:  post trades in real time.  It's much hard to bullshit others that way. 

Further, it would make for a much better Speculation forum as the real gurus would separate from the wannabes.

Buy now, HODL forever!
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Information leak can only hurt one's competitive position.

this. game theory, guys.

No way. If one is good, he can only gain following to help him to move the market where he wants it, at least a bit.
sr. member
Activity: 448
Merit: 250
this statement is false
Information leak can only hurt one's competitive position.

this. game theory, guys.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Information leak can only hurt one's competitive position.
hero member
Activity: 728
Merit: 500
Just in time for when many of us are going to quit trading and go into offline for a few months.
sr. member
Activity: 448
Merit: 250
Right now I'm long BTC. By long I mean leveraged long to minimize the amount of BTC that needs to be on the exchange. Opened position at $629.XX when I saw the $630 walls falling.
legendary
Activity: 924
Merit: 1001
All in BTC. Expect it to break 700 this week or next week at the latest.


Im not going to expect that, but I'd agree that the time has come to HODL. my last trade was a small loss, sold at 640, saw the price drop to 605, and then I closed my position at 642 lol. I had been right on the short side every time before then, I think maybe Bitcoin is back!
legendary
Activity: 1040
Merit: 1001
Some additional thoughts:

1) It would be nice to post positions as amounts and prices, but many people won't post amounts due to privacy concerns.

2) People should bold the actual trades, and leave the rest of the prediction/analysis/justification in normal text.  Something like:

"I just bought 20 BTC @ $620.  I think with the news of NY State accepting applications for exchanges, the price should go up because this will create an easy way for Wall Street to get into the game."

(Note that I didn't buy anything--just an example)
hero member
Activity: 826
Merit: 508
If you pay attention, some do post their positions beforehand. Others don't. I don't take the latter very seriously.
legendary
Activity: 2338
Merit: 1035
good thread!

lets see who the real playas are
legendary
Activity: 1040
Merit: 1001
Lots of people on here act like gurus, writing stuff like, "I bought at this price and sold at that price.  Look at how badass I am".

Here's a real challenge:  post trades in real time.  It's much hard to bullshit others that way. 

Further, it would make for a much better Speculation forum as the real gurus would separate from the wannabes.
Jump to: