9900+ entries in 0.116s
mjr_: yeah, its funny cuz everyone waits till the end
mjr_: ie. sell THOSE shares that i got cheap, but no more
mjr_: i think i am going to keep track of individual fill prices, so i can know if i should sell or not
mjr_: (if the bot is designed well)
mjr_: its just that over the rest of the year, everyone sending market order will give me a tiny bit of money
mjr_: i dn't care about 5 contracts so mucnh
mjr_: yeah, but i mean, i can say get 5 $20 calls...at 1 satoshi over current, and then if i ever get filled, just replace that order and then open up sell at 1 satoshi beneath
mjr_: but overall, if i can say that in any given situation i am getting the best possible price, that is ok
mjr_: the volume is the part i haven't really figured out how to adjust for
mjr_: knight almost went under on one bad day...
mjr_: but, as long as they are not killer mistakes (don't let the machine manage more than you can risk), you can fix it and make it stronger
mjr_: it happens to billion dollar companies (knight capital)
mjr_: since i am responsible to ask constantly
mjr_: maintaining positions
mjr_: that is the one part that i will have to test very rigorously
mjr_: i am gonna give my little guy only a little money to play with
mjr_: yeah that is my worry too
mjr_: i think the main way to do this would be with the options...the spreads are regularly 33%-50%
mjr_: couldn't you set a limit on order number through api?
mjr_: was sad to find out no api
mjr_: on each side (to mirror coinbr)
mjr_: although currently i am running it with .5% to ttest
mjr_: as long as you are getting more than .4% (buy and sell) you are making money...
mjr_: so i would weight it's priority to buy and sell accordingly
mjr_: also the ultimate goal is not so much to scalp and front run, but rather build up as long a position as i can for the least money
mjr_: again, until i actually register on mpex its all academic
mjr_: it doesn't seem like it is moving a ton, but of course, if i get filled on one end, i cancel orders and reassess
mjr_: the stock is not too much...and although over its life it has moved a lot
mjr_: it wasn't close to the next higher or lower price
mjr_: and yesterday, when i was watching
mjr_: but there is still profit there...and i set it so that if you put a lot of volume, i go a satoshi cheaper...if it is thin in front, i wait behind for extra satoshi
mjr_: i would obviously need to have it use pympex
mjr_: or is the bot there
mjr_: 1.22% spread...what is the bot doing?
mjr_: is jurov still here?
mjr_: it works best late at night (not sure about timezone stuff)
mjr_: but you are welcome to, or anyone else
mjr_: but since i don't have mpex yet i can't test it out
mjr_: then just keep track of your orders using statjson i guess
mjr_: i think it would be relatively easy to give it that logic and use pympex
mjr_: bugpowder: i need to set up an interface
mjr_: i built a cool little thing
mjr_: good night everyone
mjr_: ok i am gonna get some sleep
mjr_: because the straddle will cost the most
mjr_: how much should i weight the inner straddle vs the outer strangle
mjr_: like say i had call put at 20, call at 21, put at 19
mjr_: i have been trying to do some simulations and modeling of weighting the strike prices differently to find the best mid of risk, cost, and profit
mjr_: i like long straddle
mjr_: yes, that is the point of them
mjr_: you could lose, but limited
mjr_: short straddle is what it is called...
mjr_: i should be in a risk neutral position
mjr_: if i sell the put and i sell the call
mjr_: but the same theory holds...
mjr_: i just want to buy put and call
mjr_: but i always heard people talking about collateral with their options
mjr_: not sure, i thought it was weird
mjr_: so you don't need capital to buy
mjr_: i am not creating them
mjr_: it should be risk neutral...and all i should be able to lose is the premium i pay
mjr_: or...what do you call it again? collateral needed to hold that position
mjr_: how would you calculate total exposure
mjr_: for example if i had the put and the call
mjr_: do you consider positions hedged?
mjr_: mircea_popescu: quick question about options
mjr_: and there goes all the spreads
mjr_: or would you just increase your holdings to accept more
mjr_: do you have a limited number of bonds?
mjr_: .5% is like bond rates now
mjr_: one that you will actually get the money back
mjr_: 10% is unheard of for a bond
mjr_: the signifigant digits
mjr_: i wil make sure to send it to the right addresss