01-20-2020, 06:26 AM
Stage 1, day 21:
Saturday evening, I was invited for dinner at a friend's place. Alcohol did flow a lot. This kinda ruined my Sunday productivity. I guess that as long as it isn't a regular occurence, once in a while, it is ok.
Sunday morning while I was asleep (around 6AM), bitcoin price did drop by about $400 in less than 5 minutes. My simulation was running and I did discover that a piece of code called 'loss stop' was instead a 'profit stop'. Program did profit from the drop but not as much as without the 'loss stop'. It kept exiting the trade at the smallest bump where it would have stayed in without the 'loss stop' module. This is very expensive problem because every time you exit/reenter, you get shaved by transaction fees.
I had a small moment of despair yesterday. This project scope is huge. To have a working profitable system does require a lot of time. This makes me neglect my marketing biz a little bit. Giving sufficient time to both at the same time is simply impossible. And given the current system state... I'm not seeing it working very soon. And my profit/loss sound system start to hit on my nerve as the loss sound is heard more often than the profit one...
It works decently by almost always buying low and selling higher but at the end of the day, I'm at loss due to the fees...
I have few ideas to address this problem:
1. Add a filtering method based on risk/reward (I mentioned this idea few days ago). This would work by considering the current trading channel to filter out signals that have low potential. This idea is still a bit fuzzy. This will require some research... There is a lot of unknown on this about how long it will take to develop. Currently my system does way too much trades per day. It is in the range of 100s of trades daily instead of roughly 10-20 ideally.
2. Analyze if the fee discount given with higher volume would make my trades positive. Maybe I can tolerate some pain in order to reach a volume that will allow to profit.
3. Zoom out my timeframe. There is chance instead of looking at seconds, I was looking at minutes or hours. The system could be profitable as-is. When I look at a 24h graph, my intuition tells me that it is the case...
The path to use to reach the goal isn't 100% clear right now... but I know that I have many building blocks to build... So I'll unroll my sleeves. Keep going and I hope that the roadmap will get clearer as I go...
Saturday evening, I was invited for dinner at a friend's place. Alcohol did flow a lot. This kinda ruined my Sunday productivity. I guess that as long as it isn't a regular occurence, once in a while, it is ok.
Sunday morning while I was asleep (around 6AM), bitcoin price did drop by about $400 in less than 5 minutes. My simulation was running and I did discover that a piece of code called 'loss stop' was instead a 'profit stop'. Program did profit from the drop but not as much as without the 'loss stop'. It kept exiting the trade at the smallest bump where it would have stayed in without the 'loss stop' module. This is very expensive problem because every time you exit/reenter, you get shaved by transaction fees.
I had a small moment of despair yesterday. This project scope is huge. To have a working profitable system does require a lot of time. This makes me neglect my marketing biz a little bit. Giving sufficient time to both at the same time is simply impossible. And given the current system state... I'm not seeing it working very soon. And my profit/loss sound system start to hit on my nerve as the loss sound is heard more often than the profit one...
It works decently by almost always buying low and selling higher but at the end of the day, I'm at loss due to the fees...
I have few ideas to address this problem:
1. Add a filtering method based on risk/reward (I mentioned this idea few days ago). This would work by considering the current trading channel to filter out signals that have low potential. This idea is still a bit fuzzy. This will require some research... There is a lot of unknown on this about how long it will take to develop. Currently my system does way too much trades per day. It is in the range of 100s of trades daily instead of roughly 10-20 ideally.
2. Analyze if the fee discount given with higher volume would make my trades positive. Maybe I can tolerate some pain in order to reach a volume that will allow to profit.
3. Zoom out my timeframe. There is chance instead of looking at seconds, I was looking at minutes or hours. The system could be profitable as-is. When I look at a 24h graph, my intuition tells me that it is the case...
The path to use to reach the goal isn't 100% clear right now... but I know that I have many building blocks to build... So I'll unroll my sleeves. Keep going and I hope that the roadmap will get clearer as I go...
