Bitcoin Auto Trader. Not HFT I've done inter-exchange/inter currency arbitrage technically, most platforms take on the order of hours to extract so it isn't remotely HFT.
1. Private Wallets: Most your coin should be in wallets you control. Your profit margin should be transferred immediately to a cold wallet that your bot doesn't have keys too.
2. Only move coin to an exchange when you for a transaction, and immediately extract it once the exchange is complete. Yes this forces your swaps to have a fairly non-trivial margin.
3. My API tool scrapes several exchanges. But every 24 hours I have to manually input which exchanges to actively consider swaps between. The goal of this is to avoid exchange bad news.
Even with all these safeguards I managed to lose ~$400 when Mt Gox shutdown.
Now that I'm employed I mostly do day/casual trading on NASDAQ tech stocks based on personal tech news/market timing [1]. I went from ~110% yearly gain to ~380% yearly gain. It requires 1/100th the effort and leaves me time for FOSS projects.
[1] Yes I'm aware this is generally considered the worst strategy ever.
I make maybe 1 market movement per quarter (divest/invest). Most my trading is re-enforcing the positions I already have monthly (to avoid per trade costs).
Most my investments boil down to
1. Mid-quarter purchasing if a silicon good ran into shortage issues (not triggered by supply chain but demand). Not dased on official outlets but on local stores/discussion boards.
2. Post announcement hype deflation bidding on products I feel will succeed, or will succeed for technical reasons.
3. Very high risk long duration options on things I dislike or companies losing a sense of direction/product.
4. Connecting the dots on inter-coprate deals. X company buys fab plant from Y company.. 2 years later X company announces data center with Z feature.. 1 year later Y company announces Z feature, no other company does.
5. Watch OSS commits, know the products/markets/technical details to the degree of people working on the products.
6. If its in a magazine/blog you already missed the market.
7. The only internet companies worth investing in are monopolies.
1. Private Wallets: Most your coin should be in wallets you control. Your profit margin should be transferred immediately to a cold wallet that your bot doesn't have keys too.
2. Only move coin to an exchange when you for a transaction, and immediately extract it once the exchange is complete. Yes this forces your swaps to have a fairly non-trivial margin.
3. My API tool scrapes several exchanges. But every 24 hours I have to manually input which exchanges to actively consider swaps between. The goal of this is to avoid exchange bad news.
Even with all these safeguards I managed to lose ~$400 when Mt Gox shutdown.
Now that I'm employed I mostly do day/casual trading on NASDAQ tech stocks based on personal tech news/market timing [1]. I went from ~110% yearly gain to ~380% yearly gain. It requires 1/100th the effort and leaves me time for FOSS projects.
[1] Yes I'm aware this is generally considered the worst strategy ever.