Anyone selling a “System “ is making money from selling the system, rather that using it.
Free bot that trades stocks? Good luck
this post was submitted on 08 Nov 2023
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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.
Oh can I sign up for you newsletter?
Do you take bitcoin?
Only google play cards
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.
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?
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
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.
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).
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
This is sort of how High Frequency Trading firms - they have a system of algorithms to quickly buy and sell shares for profit. But they can do it a financial scale which makes sense. Like another commenter said, doing it for pennies will just be a net loss after commission and fees.
You also need to get approval (forgive me I can’t recall the exact detail) for day trading - buying and selling of a stock within (I think) a 3 day period (or maybe intraday). Some platforms will allow you to do it a couple of times but then restrict you until a few days have passed before you can trade agaib
I picked up a high frequency trading server for free off a friend of mine and that machine is a total beast of a computer. So apparently it may take a lot of horsepower to perform at that level
There is a lot of analytics that happen with HFT also I would say there hardware would prioritise low latency parts to shave nanoseconds off any trade.
FPGA, gigantic in memory caches, and ten gig fiber back channel connections to the exchange server in the next rack over.
We are hopelessly outclassed.
Fun thing, in Australia in order to connect to the Australian Stock Exchange you must have a minimum of 160M of fibre cable. So being in the rack next to them is not an advantage.
When they can make millions extra a year, spending 500K on a server is nothing.
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!
While this doesn't help, I am interested.
Instead there are other companies that you can also invest on to earn profits depending on your deposited investment,i do withdraw my profit weekly which has been working for me till date
Which one's do you recommend?
Look up “roboadvisor” and put your money into one of those services.
It’s not quite as sexy as imagining some script making you millions over night. But it is essentially accomplishing what you’re looking for without too much maintenance on your part.
Algorithmic trader?