Tag Archives: loses

Reasons why cryptocurrency bitcoin trading bot software loses money

This is inspired by folks who use these bot tools or services as a crutch. From what I see, I prefer to show people to either learn to program the thing to generate your own ideas. As usual, most people will not proceed with that notion but they most likely either give up or lose money. Not my money of course. You do need to put the work in to make this happen. That means learning to code via something easy like Python. If so, check out the last 2 weeks.

As said, one person on Reddit said tgat using the API is the only way to trade on Kraken. This could be said also for Binance as well as they are the only honest exchange out there anyhow.

https://www.finder.com/ca/cryptocurrency-trading-bots

https://bitcoinexchangeguide.com/best-bitcoin-trading-bots/

https://www.reddit.com/r/BitcoinMarkets/comments/7jkc8g/anyone_have_success_with_gekko_or_other_bot/

https://i.imgur.com/e3tCBk8.png

https://www.reddit.com/r/Bitcoin/comments/8pfinw/review_of_gekko_trading_bot_hodling_generally/

https://www.cryptotrader.tax/blog/the-best-open-source-and-free-crypto-trading-bots

https://www.finder.com/ca/cryptocurrency-trading-bots

https://medium.com/@vladnevskii/crypto-trading-bots-review-2018-312cf3e8145c

https://blockonomi.com/bitcoin-trading-bots/

https://gekko.wizb.it/

Here are my solutions for building your own open source crypto trading bot

https://quantlabs.net/academy/python-algo-trading-infrastructure-with-crypto-currency/

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

HFT firm loses 1.5m but still pays 260k per head

HFT firm loses 1.5m but still pays 260k per head

Any smart mathematician knows that this is not sustainable so I would not be surprised many of these firms could close down

Sun Trading is the latest HFT to unveil its 2015 accounts, and has posted a loss of $1.5m, compared to a profit of $7.4m in 2014. Despite this, it has four more employees in 2015 than the previous year, and paid an average of $260k per head. …

Spire Europe, which posted its 2015 results last week, has increased headcount by 38% on the previous year, or around 30 people. Despite an increase in revenues, from £94.6m ($115.9m) to £140.2m, Spire’s profits dropped by around £5m to £15m.

http://news.efinancialcareers.com/uk-en/262338/hft-posts-1-5m-loss-still-pays-260k-per-head

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Why Virtu HFT almost never loses

Why Virtu HFT never loses

If you watched my five hour C++ tutorial video from the other day, you’ll have noticed that I mentioned how Virtu Financial (a major HFT firm) pretty much never loses.

 

They’re a legend.

 

In fact, this HFT firm is the one Zero Hedge called the “Holy Grail of Trading.”

 

Just in case you missed it, Bloomberg did a very detailed article on how Virtu Financial operates.

 

Get the details here

https://quantlabs.net/blog/2016/08/why-virtu-hft-never-loses/

 

I’m not saying that you can get that kind of performance yourself …

 

… but I do think it’s possible to get quite close to an infrastructure that will help you have your own high-speed trading environment.

 

Why do you think I built my Quant Elite membership? Well, for the last five years I’ve assembled loads of software and programming content to help you do exactly that.

 

But all good things must come to an end. When I start my new data analytics service in next few months, I can guarantee I’ll be removing all that software and content access immediately with no exceptions or extensions.

 

I’ve been stressing the importance of this for the last while.

 

But for now, that very valuable software and content is still  part of my Quant Elite membership which also includes my upcoming course on Algo trading with Futures and Options.

 

This is a 24 week course starting on Monday, August 22.

 

Here’s the schedule of the upcoming course

https://quantlabs.net/blog/2016/08/futures-and-options-trading-live-course-schedule/

 

Want more details on the course itself?

 

Then go here for all you need to know

https://quantlabs.net/blog/python-algo-course-series-for-your-indie-automated-trading-business

 

Here are the current pricing options:

 

MONTHLY: $97/MONTH: Click here

 

SEMI-ANNUAL + 6 BONUS MONTHS ($600 savings): Click here

 

Grab 6 free months worth $600 with a semi-annual membership today.

 

ANNUAL + 12 BONUS MONTHS ($1,200 savings): Click here

 

This is a great chance to get 12 free months right now. Take an annual membership and save up to $1,200.

 

P.S. Just remember I’ve already removed my generous bonus offer as well as my equity pair trading/arbitrage strategy in the last few weeks. Get all the remaining content right now before it’s too late!

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Why Virtu HFT never loses

Why Virtu HFT never loses

A few bucks at a time. Millions of times a day. Yeah, go ahead and do the math.

A computerized voice rang out on Virtu Financial’s New York trading floor one Friday morning in late May: “Something’s wrong.” This was the Watcher, an automated program the electronic market-making company created to alert risk managers when any of the millions of orders it places on a given day go awry. In this case, Virtu had entered into a $1 million currency contract but then decided to cancel the order. While it took only 700 microseconds to get confirmation that the trade was on, the cancellation hadn’t been acknowledged by the exchange within 5 seconds, triggering the Watcher’s Stephen Hawking-like voice.

To read the entire article, go to http://bloom.bg/2b9CbEU

More links:

http://www.codeblocks.org/downloads/26

http://askubuntu.com/questions/499238/cmake-cant-find-pthread

 

http://stackoverflow.com/questions/12578499/how-to-install-boost-on-ubuntu

 

http://stackoverflow.com/questions/24813827/cmake-failing-to-detect-pthreads-due-to-warnings/25130590#25130590

http://www.howtogeek.com/howto/ubuntu/install-an-rpm-package-on-ubuntu-linux/

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Young hedge fund manager loses everything in 3 weeks

Young hedge fund manager loses it all in 3 weeks

In recent news according to Reuters, a young hedge fund manager not only got busted for fraud but lost everything within three weeks. Should we sympathize with chumps like this? Something tells me he did not put a lot of research into how to properly run a hedge fund

Get the details here

Pretty trading charts with Matplotlib and PyQtChart Tues Apr 26    

Now I’ve heard many people lose quite a bit of money because they don’t quite understand how to protect their account from  unscrupulous broker behavior as well as not being able to counteract fast market movement against their positions. A lot of people don’t probably know how to control their risk at all. As you know, I’m trying to showcase the various techniques that can do this.

The latest through data visualization why probably understanding how to use Yahoo Finance and technical analysis through Python. I will be presenting all that tonight only available for my Quant Elite members.

 

If you immediate access to this account join here

 

Get more details here

 

Thanks Bryan

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Young hedge fund manager loses it all in 3 weeks

Young hedge fund manager loses it all in 3 weeks

Plus he was charged with fraud to escape 6.5 years in prison

http://www.reuters.com/article/us-canarsiecapital-li-sentencing-idUSKCN0WQ2E7

Join my FREE newsletter to learn these Hedge Fund strategy techniques for your automated trading

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How Knight Capital loses $440 million 1 day in bad HFT

How Knight Capital loses $440 million 1 day in bad HFT

Wow they did get rescued. These are suckers but watch this video on the lessons to be learned

Join my FREE newsletter to learn more about proper trading 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Rogue trader loses $2 billion at UBS

Rogue trader loses $2 billion at UBS

It is speculated that the trader in question, an equities trader based in London, may have bet on the continuing strength of the CHF and suffered a devastating loss when the SNB intervened to peg the CHF at 1.20 to the EUR.

What kind of position would it take to lose $2 billion? A fairly enormous one, actually. If the entire loss was taken in EURCHF, the trader would have had to been short EURCHF 15 billion from 1.1050 and closed the position out at 1.2150–the full magnitude of the sharp move incurred on Sept 6. Granted, this extraordinary move took but a minute or two to occur, and its possible the position was not in EURCHF but USDCHF or some other CHF-based cross (or a combination thereof). Nevertheless, the underlying exposure must have been staggering, and in all likelihood involved a (short, naturally) options position.

One can only marvel at the intricacies of the UBS back office accounting and risk management systems that such a position could be taken by a single trader, let alone maintained for any length of time, without senior management being aware of it, especially by someone in another area of the bank (equities, rather than FX).

dealbook.nytimes.com

UBS said on Thursday that a rogue trader in its investment bank had lost $2 billion, another blow to the struggling Swiss bank.

—-

are you sure it was FX? according to my knowledge it was on equity and Not eur chf.

 

Well, read the link I posted. Besides, what other market has moved in large enough magnitude to lose $2 billion recently, even with an enormous position on?

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!