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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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28569358 No.28569358 [Reply] [Original]

I was and am financially ruined by the grt dump.

I am absolutely shit at trading, impulses and suicidal ideation makes the greed insatiable. To overcome this issue I figure a high-frequency futures trading algo running of binance data is the answer to my problems.

Is it feasible to run high-frequency trades of binance data or is that API\Data shit?

Found a paper on high-frequency stock market trading using rather basic algorithms, fees and small volume was the biggest catch as far as i could tell, and bad data. But trading on shitcoins, with the volatility, must be a fucking goldmine.

>> No.28569509

>>28569358
Or stop swinging because you'll never time the market forever. Long term you'll lose doing it

>> No.28569663

>>28569509
I have nothing.

100x leveraged moonshots or the bridge

>> No.28569681
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28569681

>>28569358
Swingies get the rope. GRT is a long term hodl you fucking nigget.

>> No.28569690

>>28569358
What dump?

>> No.28569714

>>28569358
Kraken + cryptowatch stream api. But if you suck doing manual moves, what makes you think you can come up with a good algo yourself? You’d be better using one of the existing services (some have simulation mode), but still, if you don’t know which variables to adjust, you won’t get very far. I’d wager, you’ll actually lose money even faster.

To bot the market you need a lot of capital and a lot of data.

>> No.28569975

>>28569663
I can't tell if you're serious but you will literally never make money with 100x, crypto is too volatile
Leverage in general is a bad idea, anything over 5x is retarded

>> No.28570109
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28570109

>>28569690
The Great Dump from 2 years ago.
OP never recovered. He went completly insane.
This is what crypto does to. It takes away your soul..

>> No.28570742

>>28569714
>what makes you think you can come up with a good algo yourself?

I was planning on stealing someone else's, naturally. But rigging it all up i would like some degree of control.
>if you don’t know which variables to adjust, you won’t get very far.
Thats what machine learning is for
>Kraken + cryptowatch stream API
Thanks

>> No.28570908

>>28569358
if you have to ask /biz/ then you're not cut out for it

>> No.28570978

>>28570109
Sold everything

>> No.28571012

>>28569681
THIS. Shouldnt put in more than you can afford to lose. Let it sit. FAGGETABOOTITS

Millionaire in 1-3 years.

>> No.28571708

>>28570908
I just started with this cancer. I will still hold coins once the idiots employ me hands out this month's rations

>Tuesday
put my coins into Binance futures
>Wednesday
doubled my money. Started trading GRT because biz
>Thursday
another doubling, then total loss

a 3x starting with nothing. Did not lose much desu, because I don't have much. But still, I want more control and the ability to execute higher frequency trades