It's my third day learning day trading and I'm making a backtesting/forward testing/paper trading bot, am I being retarded or doing it right?
I haven't the foggiest clue. If I just blindly guess then I risk telling you something that isn't true. We are gonna make it.
>>62876972> it's my first day learning day trading and in spite of all the data that says I will lose money, i'm different
>>62876972Maybe try a value investing bot, diversified, long term strategy.
>>62876972>3.94 MB>3472x4624You can't even optimize JPGs, give it up.
>>62877049The average person is retarded and treats trading like gambling. They do no research, no back testing, no forward testing, have no risk management. That's at least 80% of attempted retail traders. If you're not a hylic subhuman it's not that hard I imagine
>>62877055I'd rather day trade for now desu, investing is when I get my capital up
>>62877064day trader is not synonymous with retail traderday trader is defined as someone who closes out all their positions before the market they're trading closes for the dayyou can be a retail trader and not day trade. in fact, most retail traders are not day traders.
>>62877103That's true. My bad I meant day traders. I'm aware of swing traders as well
it's more about finding opp to trade and targets
>>62876972what's that stat again? 90% of traders lose, good luck.
u know it's bubbly when randos start day trading. at least back in the day they required u had what 25k? that filtered a lot of degenerates. did they change it in the age of robinhood and shit?
>>62877064see ya in a few months after you lose all of your money like every green chump who hops in the market and thinks he has it all figured out.snowflake
>>62877460Fair point. Good to have you back.
>>62877460I'm forward testing multiple equities for 8 weeks with my algorithm. That's not happening to me anytime soon
>>62876972>am I being doing it right?how would we know? your bot isn't even runninglook at the current market though. shit is going down.
>>62876972>learning day tradingNigga there's nothing to learn. You're going to lose.
>>62876972ur spending a bunch of time not actually trading so yeah ur doing it wrong retardu can spend years theorycrafting but its all meaningless unless u put ur money where ur mouth is
retard, search for grobal macro trading / news trading
>>62877240>at least back in the day they required u had what 25k?>did they change it in the age of robinhood and shit?did you wake up from a decades-long coma or some shit kachigga? hasn't been that way since at least 2015.
>>62879229Risk management can still take you to zero with enough losses, and market makers love fucking with retail traders in cruel and and usual ways. They think it's funny
>>62876972You honestly believe you can beat the banks who literally install data centres right next to stock market exchanges to beat everyone by milliseconds?
>>62877060lmao roasted>>62876972cope and seethe>>62877055reasonable answerprogramming a robot to predict the market 10,000x faster than you is still trying to predict the market. stop trying to predict the market retard OP
>>62882704the merchant meme guys have truly had the game locked up tight from the start lmao. they've been ebay sniping for decades on commodities and everything in your world you had no idea about
>>62882704YesBecause we're not playing the same game.
>>62876972Mate it's my 5th year doing this and i still made a loss, stop while you're ahead, algo trading is a massive time wasting shit heap that works 3 months and then the market changes and you do a -70% but you invested so much time in it and the programs run you have the data that you can get it to work right? all the fancy ai tools? yeah let's go. >buy something that in the past returned +10%>-80%welcom to cryptoJust delete everything and forget this before you end in the endless cycle of improving your bot
>Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the battery, one of his guides indicated some handsome ships riding at anchor. He said, "Look, those are the bankers and brokers yachts." "Where are the customers yachts?" asked the naïve visitor.Even if you turn a profit, even if you have a genuine edge over the market, you will still get raped by short term capital gains taxes and make less than boomer investors. Putting a day trading bot on your resume is about the most value you will get here.
>>62876972You are one typo away from being a billionaire.
>>62883161You're playing the retards game?
>>62884521You're the retard, if you think billion dollar banks are trading the same way a day trader is.Good god, what a fucking moron, kys
>>62876972I'm a year into a similar project. My bot is making roughly 6-10% ROI in all market regimes with low drawdown. Not really worth it if you wanna moonshot, but good bit of pocket money and there is a chance I can make it better. Maybe.
>>62885388Have you actually live traded doe
>>62877064It's extremely hard. Do you have any credentials or reason to think you have an edge aside from pic rel? I have a pure math + CS undergrad, stats grad and have read probably a meters worth of books related to this stuff and despite working on it nearly full time for the last 12-18 months and having spent thousands on quality data I haven't reliably found anything I'd feel comfortable deploying. The one takeaway is that it gets easier with more capital. The more you have, the less you need (in terms of % return), and the more options you have for eg delta hedging or naked selling deeper ITM puts on an index.
>>62877064>"I'm built different"lol, lmao even. Let me guess, you have spent money on several trading courses/gurus? See you in 6 months either posting pink wojack, or complaining about the job market.
>>62877064Are you in a position to profit off of the demographic you describe? i.e, how does the fact that retarded gamblers (or noise more generally) exist in the market help you in any way?
ive been learning to trade for a few years and have had some impressive runs but what the FUCK is the logic in building bots if you arent even profitable yet?
>>62889364What's the logic in starting from anything other than statistical analysis (which can then be directly encoded into a bot)?
You're using windows. That's definitely retarded.
>>62889393because markets react to human emotions which are not statistically reliable?
>>62876972If you want to prototype shit, I'd highly advise you use Jupyter notebooks and something like Seaborn for visualisation.I stopped bothering with bots when the UK government made it illegal to trade crypto fututes because they are raging faggots.
>>62889001I guess you're not that smart then.
>>62889529Luckily every faggot with an emotion also has a twitter account or some way of publishing his retard tier thoughts, so you can account even for that if you so desire by scraping, doing something like TF/IDF (Term Frequency/Inverse Document Frequency), vectorising the result (word2vec or fasttext) and training a random forest to tell you when plebs are getting bearish/bullish. You don't even need to scrape if you don't want to, you can just use CommonCrawl, it is free and they do the scraping and store everything on S3.Anyway, there are ways to account for all of it, if you have the time and willingness to put up with it. I just don't anymore. It is all gay, it is all retarded and it is all extremely jewish.
>>62889529Implying manually trading solves this somehow? Manual trading is just doing statistical learning in slow motion with a human brain over a machine. Not to imply that machines = brains but I don't see an issue with starting with statistical analysis over 'learning the ropes' manually. >>62889602I guess so!
lmfao. you dont know jack shit quit it
>>62889602fuck off, you dont realize how difficult it is to exploit PA irl if youve ever tried. vibe coding with codex's spatial intelligence wont do jack shit lmfaooo ai slop goy slop poop slop
theres a reason its called EMH/EMT or i dont think you even know what that means lmao
>>62889733This, if you want to vibecode, you are wasting your time. I worked as a data engineer, data architect, I am currently the head of R&D for realtime tech at a NASDAQ listed corp, this shit isn't vibecode friendly. Not even close. That option never even occurred to me. Don't bother vibecoding unless you know what the mathematical basis is for this stuff, otherwise you'll get fucked.
>>62889775agreed bot based
>>62877118>im aware of swing traders as welllmaooooo bro
Anyway the only good tip I have is to pursue mutli-strats from day one (orthogonal sources of alpha) as it's the easiest way to get a decent Sharpe. My minimum for going live would be around 2.0 since it's more likely than not going to decay on live data.Most of the strategies I've found are just bearing some risk premia, probably with more tail risk than I'm aware of. I spent months trying to develop complex models that made intuitive sense to me in non-stationary, adaptive and adversarial environments like markets but everything is priced in and finding a real edge would likely require 100+ TB of high quality data and even then it'd be arbitraged away soon enough.>>62889733PA?
>>62889859price actionquant is a meme unless you are doing bullshit
sorry for being so rude initially i hate when people try doing shit im good at with LLM use BS
>>62889964What 'bullshit', like infra intensive stuff? eg low latency arb between exchanges that's out of scope for retail? Quant is the only hope at getting a golden egg but I agree it's basically delusional thinking and you realize over time how fragile all your strategies are when based on historic PA given it's always changing it's behavior. When I first started I was ready to throw anything with high annual returns into production but over time my criteria for what I'd really trust to send live and let it run has become such a high bar. >>62890015Are you actually good at this?
>>62890045black scholes
>>62890748yeah you're retarded
>>62889616>Luckily every faggot with an emotion also has a twitter account or some way of publishing his retard tier thoughtsyou have a way with words
>>62889567>SeabornWhy did you recommend this in particular? Never heard of it until now. Are there some features it has you like over other plotting libraries?
>>62888452Yeah currently. Made about $400 this week on shorts mostly. Couple of longs.
Trading is easy. dont do 0DTEdont hold overnight7-1DTE is the way to go. Unless you're fucking retarded you should be able to stop losses in time and either swap directions or go do another thing and make it back plus some.
>>62891853>I experience volatility, thus I am a good trader>sample size = 1 tradeyeah.. no. we've all been there babe
>>62890942Not really. Everyone has their go-to and that is mine. You can use Matplotlib just fine. For your purposes, you are likely ok.
I am doing the same, do you want to open a discord/telegram or something to share tips? not gonna ask or recommend strategies or where to find them but general parts of strategies yes, can talk about (like does gamma exposure or TA work). I did a a few backtests over last months so can contribute and perhaps joined efforts might be fruitful.
>>62876972Awesome keep it up anon! Algo-trading is an excellent way to catapult yourself into wealth.I wrote my own trading bot and the results have been amazing. Good luck.
>>62889001Could you elaborate what you have tried on and what failed? I'm a stats nerd and I want to try my hand at paper trading soon, moreso for a broad understand of economics than profitability. Did you just make a glorified stock picker (i.e. rotating between shares of NVDA/AAPL/MSFT) or did you actually try to exploit a specific niche?
>>62889733>vibe coding with codex's spatial intelligence wont do jack shit lmfaooo ai slop goy slop poop slopYeah, this is actually a good tip. AI is good to generate the code for the backtesting engine and the automation for the actual strategy. But LLMs SUCK at pattern recognition, there is a reason of why models still need human input for labeling tasks. So if you want to just rely on AI slop to generate a strategy with an edge, you will just lose your time, you have to write and test the strategy logic yourself.If you dont believe me, just try to make the slop machine label some known patterns such as accumulation channels, triangles, flags, etc. It will be wrong 50% of the time no matter how many examples and detailed descriptions you give it.
