I take trading like gambling, except it's a bit less based on chance. If I believe that a coin is a pump and dump scheme, I would not invest in it. Also, buy low sell high. Simple arbitrage. You can never go wrong with that
Topic: What is your trading strategy? - page 75. (Read 304648 times)
My trading strategy is to use your common sense and never trade more than you can afford to lose. Obviously common sense is required in doing everything, but I believe doing trading requires most of it.
I take trading like gambling, except it's a bit less based on chance. If I believe that a coin is a pump and dump scheme, I would not invest in it. Also, buy low sell high. Simple arbitrage. You can never go wrong with that
I take trading like gambling, except it's a bit less based on chance. If I believe that a coin is a pump and dump scheme, I would not invest in it. Also, buy low sell high. Simple arbitrage. You can never go wrong with that
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
And while we are at it, could you as well tell me how you aim at an overall +ev experience? I mean the gory details. Or is it just a more subtle way to say "buy low, sell high"?
no you just need the correct strategy for trading, i'm not an expert but there was a guy doing really well, and he described his bot in an artyicle
If I'm not mistaken, that thread was about an arbitrage bot, I've seen it (and your posts in it, lol). If this is not the case, could you please post a link to the article you mention?
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
And while we are at it, could you as well tell me how you aim at an overall +ev experience? I mean the gory details. Or is it just a more subtle way to say "buy low, sell high"?
no you just need the correct strategy for trading, i'm not an expert but there was a guy doing really well, and he described his bot in an artyicle
he also say that right now it is harder because there are many good bot out there, so everything is more levelled, but you can still shine
trading is not much different than poker, someone must be +ev and the other are all -ev
As the saying goes, if you don't have a plan, plan to lose. And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...
Just sit and watch your account being wiped away is hardly a good idea
I guess, you forget about the beauty of bitcoin investment trading. Just sit and watch your account being wiped away is hardly a good idea
Many people are just watching their bitcoin is a growing in value over time. They do not need of any strategy literally to follow for making profit from their bitcoins.
The best thing in trading is that you must be for sure that you must earn profit with it and that is the most important thing otherwise it will be sin for you and that must not happen.
But there is also a chance that there are more people now that is going to have some Bitcoin and they all want to make profit with it.
But there is also a chance that there are more people now that is going to have some Bitcoin and they all want to make profit with it.
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
And while we are at it, could you as well tell me how you aim at an overall +ev experience? I mean the gory details. Or is it just a more subtle way to say "buy low, sell high"?
@deisik,
You're right. To claim profitability, the bot should be applicable through the API from outside. And I don't seek daily percentage profits. 20%pa is enough if the beta is significantly lower than 1.
Best,
Jian
You're right. To claim profitability, the bot should be applicable through the API from outside. And I don't seek daily percentage profits. 20%pa is enough if the beta is significantly lower than 1.
Best,
Jian
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
but again at least one bot is doing good out there every day, it depend ho well the strategy was implement
Which bot are you talking about, Willy-Nilly? Do you mean a bot set up by an exchange and front-running their client orders?
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
well not daily but you can aim at an overall +ev esperience in the long run, unless you are playing in a market where very bot is better than you
but again at least one bot is doing good out there every day, it depend ho well the strategy was implement
pro are all using bot to trade there is no human trading anymore, if not for pure fun
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
Indeed these bots never can have a strategy because they simply do not have a mind and they will soon or later fail because of this fact.
I think they can do it okay but it will indeed not worth it due to the fact you need to code a lot of stuff.
I've written a few bots myself for various exchanges (Criptsy, Bter, Bitfinex) that worked fine. But there were a number of problems. First, all the api's I'd seen were either outright broken, i.e. didn't work as expected (Criptsy), or just ugly (Bitfinex). Second, you had to be ready that the bot would get invalid data and could go nuts. For example, I've seen that Bitfinex fed data where bids (orders to buy) had been higher than asks (orders to sell). And third, bots are mechanical in their operation, so they are only effective for simple, unsophisticated strategies, which are not profitable by definition...
Price tracking bots are quite another matter, though
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
Indeed these bots never can have a strategy because they simply do not have a mind and they will soon or later fail because of this fact.
I think they can do it okay but it will indeed not worth it due to the fact you need to code a lot of stuff.
Bots are mainly used to hike the price , but you know , that too has a strategy, some huge whales who hold 10-20 btc , keep buying the coins at low level , this will surely hike the price and more people will get attracted seeing the price and the volume and when they place the buy order for more , the bot sells off everything it has bought . It maybe very less , like buying 10000 coins at 54 sats and selling all of them at 55 sats , but you will make money , sometimes people doesn't even bother about that and you loose money.
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
Indeed these bots never can have a strategy because they simply do not have a mind and they will soon or later fail because of this fact.
I think they can do it okay but it will indeed not worth it due to the fact you need to code a lot of stuff.
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
There are no such bots that would allow you to earn a few percents daily on a regular basis. Don't be misled about this. There are efforts to write bots that make use of arbitrage opportunities between exchanges, but it's not worth it...
I tested these waters, such bots are useful for signals (tracking the price), but nothing substantial beyond this
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Are there such bots for sale? Any links please? Thanks in advance.
I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.
The thing I mostly do is looking at the upcoming future and the price it has.
I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.
As the saying goes, if you don't have a plan, plan to lose. And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...
Just sit and watch your account being wiped away is hardly a good idea
Trading assumes earning profits through a continuous loop of buys and sells. Sometimes you'd better stay away from trading altogether (for example, to watch your profits grow, lol), but this doesn't undermine the whole idea of trading...
Buy, sell, rinse, repeat (in a smart way, of course)
I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.
The thing I mostly do is looking at the upcoming future and the price it has.
I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.
As the saying goes, if you don't have a plan, plan to lose. And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...
Just sit and watch your account being wiped away is hardly a good idea
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
that's why they need a pre compiled bot with a good strategy, they would on gain money in this way by few % each day
learning trading would only cost them tons of money at the beginning, learning with a small amount, would not put them in the same condition as big amount, because no emotion would be involved
Simple strategy will work like share trading, because you can hold it until you want, so no pressure you to sell, I am using averaging strategy, when the price drop, I will buy again, when the price up I sell some of them, then wait for the drop. There is no matter which time you enter, only matter is you must have some good amount of money and trade with small percentage.
are you never trying buy high sell low to can buy back at lowest rate ?
i think it's better than you holding your coin for long time to get profit.
I can't believe people think trading bitcoin is profitable for the average Joe. It's like suggesting to buy lottery tickets. In the end, one day, you will win the lottery, bro!
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When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.
Exactly. Anyone can trade bitcoin without any strategy or even without any experience also. Because, in long-term definitely bitcoin trading would be profitable. Just buy and watch your profits growing.When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.
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