I was playing around on cash app and spent a few dollars on the stocks there. I got bored of it eventually, but it got me thinking that there has to bots for this already.

I want a bot that I can give a dollars worth of stock. If that dollar’s worth rises by two cents, I want it sell a cent, and put the other cent into a pool for the next dollars worth of stock.

This has to have been done before, I just never learned anything about it.

44 points

Anyone selling a “System “ is making money from selling the system, rather that using it.

Free bot that trades stocks? Good luck

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13 points

Precisely, you gotta beware of scammers. In fact, Ive developed a system for avoiding scams. Just follow my 18-week course at $12.99 per week and then you’ll be ready to start your training.

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3 points

Oh can I sign up for you newsletter?

Do you take bitcoin?

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1 point

Only google play cards

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1 point
*

Yup. I built a crypto trading bot waaaay back in the day (2012ish). 2014 onward the crypto scene started to really fill with scammers and of course people figured out the same strategies (not that what I was doing was unique or even smart, just paid attention to price differences mostly). The best way to do this pre- and during COVID was to pump & dump crypto before it was regulated. Use a token generator and give it some kind of special ideological meaning and pay people to hype it up. Now? Go directly to jail, do not pass go.

I mean, sort of. Not always, or you wouldn’t have fucking SpongeBob coin overloading the BTC mempool and making transactions insanely expensive.

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36 points

Yes, people do it. In fact, there are huge hedge funds who lease datacenter space right next to the exchange’s servers, pay for a special connection to the exchange that bypasses the Internet, and pounce on any price changes before you can, over the regular Internet, through a normal low-cost broker.

You can try to compete with them, I suppose. But what do you think happens to a little fish in a tank with sharks?

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16 points

Yeah. They pay huge amounts of money to shave microseconds off of their latency to the exchange. Mere mortals should not even try to play the game by their rules

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5 points

And not just one exchange. They do this at multiple exchanges and then build infrastructure between them to have ridiculously low latency to trade on the stock price difference between exchanges.

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16 points

The system is rigged against you. Any “gameable” aspect of the system which could be used to even the playing field is either regulated (ie you need a specific license) or billed in such as way to make it unprofitable (or at least transfer all the risk to you).

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12 points

I’m not aware of any trading platform that lets you buy and sell that quickly for free. They would charge a commission, at which point you’d be losing money on each sale

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6 points

I can’t help you with stock market stuff unfortunately. To be honest, I wouldn’t want to have to deal with the headache of it all myself. If you’re still interested in writing a bot though a great way to learn is to pickup the programming language Python. There is a ton of free material out there for beginners. A good first project for when you start to feel comfortable is writing your own discord bot. If you’re interested I can try to find some links after work to share!

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2 points

While this doesn’t help, I am interested.

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