lavventura | 2 years ago | on: Using Emacs as $EDITOR
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lavventura | 3 years ago | on: Ask HN: Alternative ways to make money with coding and system skills?
> "The day comes where you continue doubling down and you lose a substantial amount of capital in the process."
- I believe that continue doubling is one of the most fatal stratetegy. Sadly, I made this mistake multiple times, which caused me a extensive loss. The only solution I come up is, while continuing doubling, cut loss if there is a certain amount loss reached (like 10$ or 1% of the capital). That was the actualy reason I implemented the bot where it automatically closes the position for me; since in a loss , "fear" does not let me realize what's happening and instead of a cut loss I adding more into a losing trade.
lavventura | 3 years ago | on: Ask HN: Alternative ways to make money with coding and system skills?
The bot opens up to 20 positions in parallel each starts with 2$ and always limit order with 0.5% profit. Some positions close itself in few seconds some remain for a day.
If there is -5% loss on a position, I added up the amount of the position and re-order limit order with 0.5% gain. Let's say for 2$ position if there is 5% loss, I add 2$ more, than 4$ ... The position size grows as 2 => 4 => 8 => 16 ... with updated limit order for each. I observe that eventually position close it self with profit.
lavventura | 3 years ago | on: Ask HN: Alternative ways to make money with coding and system skills?
lavventura | 3 years ago | on: Ask HN: Alternative ways to make money with coding and system skills?
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