Why aren't you writing a bot that trades stocks algorithmically and makes you rich?

My flatmate is doing an MBA at a pretty good university in Boston and he told me the first day of some class he took pertaining to trading the professor said something along the lines of "you will never make money with stock trading programs" because there are hundreds and thousands of companies and already doing it.

Just go with the market flow, just have a system in place, just use price action trading, just have stop loss and other things in place, just short when the market is shit, just do it bro.

Lmao

/thread
Tried it before, you can't compete with multi billion dollar algorithms with entire fucking development teams.

Active trading has almost no real rewards, its a meme. Using technical analysis and getting good entry and exit points for large swings is how money is made. Ultimately knowing the market any company you invest in will reward you far more than gambling. Just look at AMD. If you invested On January 1st 2016 (yes I know the market probably open that day) and held until now you would have a return of 1000%.

This

A customer once told me he buys his stocks and it takes him years to sell them, because that's how it works.

He even went on about how he made money on Trumps back because in every election that are a lot of changes in market and if you understand the market you can profit from it.

So yeah, it comes down to knowing what dafuq you are doing.

>not shorting companies like Netflix
lmfao

Money is overrated, data is king

data is the new currency
it's human nature to control things and information is the new currency

>Money is overrated

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and how to know what to do ? do you have any good resources for this? news websites, blogs? anything to follow and learn from?

There is a reason that professor is teaching while others are trading and making money. If it was all about intelligence, a lot more people would have been successful traders. My point being - IQ and trading success is inversely proportional. Leave your brains at the door while trying to trade. You will make a lot more money doing this than trying to find out the holy grail.

I'm busy programing the perfect bf ai.

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Nope

The guy I mentioned was a financial advisor and people do whole PHDs in finance and stuff and still don't make any money from it.

But on the other hand there are few random people that made millions out of market without ever stepping inside a university.

Just read a lot and avoid anyone who tries to sell you easy money making strategies (watch The Wolf of Wall Street) and remind yourself that there is no such thing as easy and specially QUICK money but elaborate buys that take time and are actually based on solid study on the market.I suppose.

Read books on technical analysis and then you have to follow the market the company you're investing in. TA isn't perfect, its a study of human thinking in chart form. Humans tend to follow patterns but sometimes you get absolute bizarre trends that make no sense. Tesla is a good example, the average market capitalization per car sold for most of the industry ranges between $11k-$22k. We're talking the Toyota, Fords, and GM types. Tesla had a market capitalization of $400,000 per individual car sold. It was a meme stock for a long time and anyone who relied on TA to project where it SHOULD go got fucking mauled. The best thing you can do for yourself is make a small reserve of cash and wait until the recession comes up. Worst case scenario, you'll be happy you had a cash reserve. Best case scenario is you invest at the absolute rock bottom and ride that for about a decade for 1000% gains. Holding stocks for over a year is pragmatic because there are tax incentives for holding 365+1 days.

Buy high and sell low - trend trading. Has never worked in favor of anyone. Counter-trend trading is where is the real money is made.

Yeah, but back in 2016 investing in AMD was also much riskier than it now seems in retrospect. What if Intel hadn't cucked itself as much as it has the last 3 years? Then you'd be fucked. 'Investing' is really just long-term gambling.

You need to be glued to optical fiber cable in Wall Street if you even hope to compete

I just shitpost on biz and gamble options.

>go to sleep
>error
>go broke
Great

Also this. Investment companies buy up buildings that happen to be on top of a fibre node for hundreds of millions of dollars to have sub nano seconds faster access to market trends, on top of that entire teams developing and surveying the algorithm 24/7 and Jow Forumstards think they can even make 5 fucking bucks when they can't even into fizzbuzz? Must be Jow Forums syndrome I guess.

I wrote a crypto trading bot with Python, ccxt, and matplotlib. Started with 10k in January 2018 and right now have about 400k. Shit was easy.

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>nd Jow Forumstards think they can even make 5 fucking bucks when they can't even into fizzbuzz? Must be Jow Forums syndrome I guess.
>Jow Forums is one person

off yourself

did your life turned out for the better?

The thing is that to have a chance of doing that, you need to be willing to lose $10K. Even though I have $10K to lose, I don't have the stomach to try trading with it and then possibly just lose all of it with nothing to show.

I just won spot the Jow Forumstard that can't into fizzbuzz.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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not really
stop projecting

>get instantly assblasted about someone shitposting about fizzbuzz
>N-No I'm not m-mad!
Whatever you need to tell yourself to be able to sleep at night.

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>did your life turned out for the better?
The depression and everpresent feelings of impending doom persist. That said I have lots of cool toys to play with now though the money wasn't as lifechanging as I thought. Maybe when I get to a million.
Probably for the best. I found tading easy but the again maybe I just got lucky.

cope

can i have the source pls?

>Graeme Obree(born 11 September 1965[1]), nicknamedThe Flying Scotsman, is aScottishracing cyclistwho twice broke the worldhour record, in July 1993 and April 1994, and was the individual pursuit world champion in 1993 and 1995. He was known for his unusual riding positions and for theOld Faithful, a bicycle he built which included parts from a washing machine. He joined a professional team in France but was fired before his first race.

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>He joined a professional team in France but was fired before his first race
>That image
Is this what weaponized autism looks like?

that's the position to achieve maximum speed while on a bike

Possibly
He got ((diagnosed)) after being stripped of his records for being too efficient
They banned one of his riding positions so he transitioned to another. Pic related is fairly influential even to this day.

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>then the UCI banned his bikes and positions
UCI is a bunch of control fucks

>just realized it's this namefag
fuck off /n/imby cunt

I don't have a back yard
Agreed

Nope but, uh, head on over here: github.com/ccxt/ccxt/wiki/Manual
and you'll find much food for thought to make your own bot.

Because stocks are inherently unpredictable just like weather. Not even the most powerful algorithms, neural networks or whatever can predict it accurately for more than a week.

literally every sports governing body is like this. Whenever someone finds a new and innovative tactic or piece of equipment, they ban it to protect incumbents. Auto racing is even worse.

Because it takes not only programming expertise, but also incredible math skills at the same time.
I can program, but I cannot do college level statistics at the same time.

Stocks are easy to predict
So is the weather

If you inside trade, sure

I rather add sense to my life than to help richfags get fagger

can you send me a copy of your program

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KingDataPorn.log

>Weather is easy to predict
So that is why we build massive super computers to predict weather patterns and they still can't do it reliably?

Just catch the falling knife bro

>So is the weather
>no precipitation for the next 120 minutes
>currently raining outside

>replying to obvious bait/retard

This entire thread is nothing but bait retards and larp and you expect me to not have some fun with it?

k give me $50000 for my dick pic

Because computers don't care about the weather as long as they're not in the middle of it.
Dunno what to tell you.
your facts and logic pale in comparison to my own

>Dunno what to tell you.
What I'll tell you is that weather is still difficult to predict.

>your facts and logic pale in comparison to my own
>Stocks are easy to predict So is the weather
>Source: my big fat arse

>Because it takes not only programming expertise, but also incredible math skills at the same time.
>I can program, but I cannot do college level statistics at the same time.
The only statistical expertise required is an understanding of standard deviation to know when a price moves far enough to make a chart worth looking at and r squared so you have a quantifiable way to know how "predictable" the price is. Ironically, you want the latter to show the price less predictable since if it is in fact predictable you can safely assume the future is priced in.
>Past performance does not indicate future performance.
No but it does give a range of probabilities which is enough to be profitable.
>Because i cannot compete with high frequency traders that invest billions to lower their latency by a factor of nanoseconds.
Look at a price chart from the 30's and look at one from today. Can you tell the difference? No. Markets trade the same way now as they always did for people operating above a millisecond timeline and that includes you. Much money to be made.
I wish we could all make money unfortunately day trading is zero sum. Any trading ideas I have and my bot is programmed for take advantage of short term mispriced coins and there is only so much liquidity (hence zero sum) thus I have to keep it to myself. There is room for other ideas though so good luck.

>they still fall for it even after he made it 10000 times more obvious

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>He still doesn't understand the concept of having fun with retards
Maybe I should reply more to (You).

Uh honey this may be Jow Forums but people have been able to predict local weather for 10s of thousands of years
What may be easy for me may be difficult for y'all

I could code it, but I don't know any fool proof logic to make profit even if I looked at charts manually 24/7. Only arbitrage.

>Markets trade the same way now as they always did for people operating above a millisecond timeline and that includes you
An estimated 8% of all trades is not HFT anymore. To say markets haven't changed since the 1930s might just be the most retarded thing I read on this website this decade.

Lol that's speculation trading, not market making.

It still rings true that in order to win big you must elevate your understanding of the economy and be in it for the long haul.
AMD's share price rose by 700% since I speculated it would grow some 6 years ago.
These days I'd be keeping an eye out for the next giant to come out of China.

So you launched a shitty script in the year in which the crypto market cap went from 800B to 100B and still managed to 40x your initial investment. Yup, that definitely happened.

Should probably license your py-game to JP or Sachs, you'll be a billionaire in no time.

Arbitrage is so hit and miss with wallets being in maintenance, super low liquidity at the top of the book, delays in posting deposits and withdrawals, etc. And 3 way arbitrage on the same exchange has been botted to death. The only way to do it is if you have a fat stack on 2 different exchanges, hold multiple of the same coins on both and buy/sell simultaneously but even then it's insanely hard to maintain profitability. Trust me, I've built several arb bots using websockets, exotic order types like Fill Or Kill, etc. and it's still bust.
Did you compare the two charts like I said? Have you ever traded a day in your life? How much money have you made or lost? I've traded for years on many different timeframes from sub millisecond using FIX to monthly candles and made hundreds of thousands of dollars. I might have something of a clue what I'm talking about. What I'm getting at is as long as you aren't trying to trade on the timeframes of the HFT firms you have little to fear from them. They are not eating your lunch. Charts are an agalmation of human psychology. Humans move the charts and humans haven't changed so the charts don't change. Even the HFT bots have human programmers and are deterministic. Machine learning in finance is a meme in case you didn't know.
I'm sure you read flashboys or read some forbes article that impressed you and now you think yiu have a clue but you don't. Everything you read is bullshit designed to cow you into paralysis. Let somebody else do the thinking for you then you come on here lecturing people who do this daily. Lol

If Xiaomi can find a foothold in the Western landscape of commodities, it would explode, for instance. Right now they don't really have anything compelling enough to grab our short attention spans, however.

peanut butter with that jelly?

>So you launched a shitty script in the year in which the crypto market cap went from 800B to 100B and still managed to 40x your initial investment.
Maybe not so shitty after all

That is the single most pathetic larp I have ever seen. Throw in some more buzzwords and claim another few times you are a genius trader making millions and I'm sure someone that isn't you is going to believe it eventually.

Not a larp my user. 20 bitcoins between binance and my electrum wallet in pic related and that's jist two spots. I trade on a dozen exchanges but don't feel like doing a collage. Not sure where the hate is coming from but some people really do succeed in this game

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I did.
The bot said long-term index funds are the best strategy.

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>TA

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>20 bitcoin
Lol ok poorfag
You will lose every single satoshi. Want to know why?

Way more than 20 actually. That's just 1 exchange and a wallet. The rest are on other exchanges, the delta, and so on. I just didn't feel inclined to make a collage. And if I lose it all, who the fuck cares. It's just money, user. Calm down.

Gotta scrap out "news" and learn how to read human psychology. Economics = psychology.

Because I'd also need a degree in economics.

>it's not possible!!!!
Jow Forums being retarded as usual
There are companies doing that shit with FPGAs

you dont

What's the best way to get started with building a shitty personal python for crypto trading? I was thinking about reading this and trying to finish making my bot by this year. I'm not a mathlet btw.

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so what? One thing is compete with professionals, but just making some money is another thing. You can be complete idiot and earn money by trading based on hype and some news/conferences, i dont see a problem with automating it, scraping twitter profiles for news about acquisitions, partnerships, whatever could pump the price, and in certain moment signal goes through some market api to buy/sell

cause I am brainlet

someone post that guy that was doing shorts companies going bankrupt and then one of those companies was bought by a much larger company. Then the stock price increased x100 times and the guy ended having a fucking large debt.

based and antifragile

First understand machine learning has no place in trading right now. Many have tried but nobody is using it cuz it doesn't work. You need to learn how to trade manually. Learn support and resistance as this is fundamental. Most TA is bs though so keep that in mind. You need to learn what patterns on a chart have predictive power, learn what the probability of those predictions are, then figure out how to reduce it down to a series of logical steps. Then write your bot. Python, exchange api, ccxt and a VPS. Sim0le as that.

there was this book about writing trading bot in Lisp, Practical Automatic Trading it was called or something like that. Not sure if its good tho, Common Lisp and Emacs for large projects seems like bad idea

>Don't learn latest statistical tools like ML
>Learn TA bs like support and resistance instead

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>>Learn TA bs like support and resistance instead
Support and resistance is not bs though, it's the essence of market psychology which is what really matters. Support (real support) is where the big buyers are, it's the price they have anchored on and are loath to allow the chart to fall under. Imagine a chart is coasting along then some sudden news comes out, bad news. Not a bankruptcy though, or any arrests, just some CEO or whatever said something stupid or an ad campaign goes sour. The chart dips hard and fast. But it only dips so far. It drops to a price where big money is like, fuck this, I'm buying. It ain't going no lower than that onmy watch. So it pops back up but it bounced hard off thst low price. That is iron clad support. So what do you do? You wait. Watch and see when it dips under that support. If it does, get ready for a panic and mini capitulation cuz when you get it, the price dips hard again. But wait, we know big money propped the price up before and at a higher price than our current dip. This is beautiful cuz we now know big money thought it was worth more than it is now so guess what they do. Yep, they buy it back at least to that previous support level. So anywhere under that previous support is a safe buy. How safe? Probability bordering on 90% if you read the chart right and that previous support was real with the proper bounce (easy with practice).
So, yes, ML in trading is a joke and support/resistance is the real thing since this level of psychological second guessing is fiendishly difficult short of AGI. And that's just one exampls I personally find very profitable. Ask a real trader before you put your hopes on meme tier techno-fads.

Can't compete with mega corps
There was a time some years back where you could do it with crypto while it was still new (made several btc from it myself) but not anymore