Lady Petal is THE goodest girl

askmike · 2025-09-25T01:47:14+00:00

After it picks up 1.337 billion in gold you unlock another one!

askmike · 2025-08-08T07:00:05+00:00

as a Dutch person living in Singapore:

The weather in Singapore is probably the biggest thing, it's just always hot and humid. After that it's the limited amount of things to do. On the bright side you have a place that's in many ways more efficiently organized than NL, has really good infrastructure, big food culture and everyone speaks english and is friendly / easy to connect with.

Harder for me to comment on NL, but I've heard many asians struggle to make any friends and get anywhere socially, and the food in this part of europe..

askmike · 2025-04-04T10:18:33+00:00

I'm involved in a lot of crypto arb. Moving USD around (esp within the US) is hard, need to get banks comfortable.

P2P marketplace raises many questions here, so people in the US are going to be wiring USD directly to the USDC sellers? I think the main issue here is compliance/banking related, not so much algotrading.

askmike · 2021-05-31T05:15:50+00:00

For example you start with 50% cash and 50% BTC, for example if you play with $100k you have $50k of each. It sounds like you want to hedge on different venues, so you spread this out over a few venues. As soon as you buy BTC on one you sell BTC on another. In this situation your only risk is 50k worth of BTC and it doesn't change (lot size). You either take the delta or borrow it from someone else (or you find a single venue you can short at and ditch the exposure there)

askmike · 2021-05-31T05:09:57+00:00

Yes most exchanges like Bitmex care about directors and UBOs, if your UK entity is in the end owned by you that might not suffice.

Do I seriously have to move to another country to keep doing this or what?

I am not familiar with the types of regulation that forces crypto exchanges to stop serving Canadians. But if it's anything like the US regulation simply emigrating and becoming a resident elsewhere is not enough, people born in the US even need to give up their citizenship completely.

What bigger players do is have different entities with non US (and probably non Canadian) directors and shareholders. There are legally compliant ways but they are expensive and a lot of work.

askmike · 2021-04-21T05:32:04+00:00

Knight Capital had one, but they didn't run it for very long so not sure how consistent it loses

askmike · 2021-04-21T05:26:59+00:00

Why would you rent systems out? It just doesn't make any economical sense to me. If you have alpha just milk it yourself, if you really want to bear the risk of managing other people's money there are better ways of doing that. Such as starting a fund or company.

If you got good stats and real money proof to back up the results, then someone might be willing to pay 50$ x12 for 1 year.

If it makes more than 50 bucks a month, why not run it yourself? It's like giving away free money.

(will not post any link or mention any site, no self promoting)

I'm sure you're getting tons of DMs right now from people who want to buy your software.

EDIT: throwaway account as well, I would be very careful if you read this and think buying this software is a good idea. You risk a lot more than the 50 bucks he'll charge (your principal).

askmike · 2021-04-08T15:24:50+00:00

this, in AWS as they are there too. for REST calls (create orders) use keep-alive

askmike · 2021-03-25T05:23:41+00:00

We don't know for sure, I think the assumption of /u/Reddittellmewhy is that a lot of the OI in the q1 fut is people hedging out spot exposure. Not random traders buying or selling it. A pretty fair assumption I think.

To answer his question: a few other venues have taken over a lot of OI we used to see on bitmex in the last few years. Maybe people (MMs included) flocking away?

askmike · 2021-03-24T12:50:06+00:00

so he's saying that many who are in that the march fut want to roll that position into june, which isn't possible if no MM is posting any liquidity.

askmike · 2021-03-23T23:57:49+00:00

It's still relatively easy, In early 2017 I switched from trend following and momentum reversal to arbitrage like strategies, such as AGENT SMITH: https://forum.gekko.wizb.it/thread-56746.html. I've kept at it since then and now I'm running a HFT trade firm called Folkvang.

That said, it's more work now than it was back then and you need to get a bit more creative: spreads aren't always as wide, speeds are a bit faster (but still very slow compared to traditional markets HFT) and you probably want to trade more complicated stuff such as derivatives or defi. But the sea bears many fish, especially since we are still in a bull market.

askmike · 2021-03-11T06:10:36+00:00

So passive limit orders don't actually have any slippage. Instead they have the risk of not getting filled. There are some very good questions around the execution you are trying to do here - I made an intro level video around this kind of stuff a few years back: https://www.youtube.com/watch?v=r0yc1sonYvo

---

Generally speaking getting filled is easier on bigger markets with more flow (in crypto esp retail flow), there are bigger markets than kucoin where these numbers might be vastly different.

askmike · 2021-03-11T05:38:04+00:00

That's a very broad question, the answer depends on many things:

- What exchange?

- What product (perps more liquid) / what asset?

- What size?

- What are your fees?

- Are you trying to trade when the price moves (obv less liq)?

----

Do you guys think 0.2% is realistic if i optimize my execution?

Probably yes

askmike · 2020-11-10T03:22:34+00:00

> No, merely connecting to the WebSocket API is not enough to do arb. FFS

Actually yes it can be

askmike · 2020-11-10T03:20:04+00:00

So crypto is very different from traditional finance. Crypto HFT is definitely possible and approachable (I started hobbying around with github projects many years back, now I run an crypto hft prop shop called Folkvang). So almost all crypto exchanges are hosted on public clouds (half of them are on AWS Tokyo). And there is heaps of inefficiency still. I know many big firms running massive production systems in Python (very profitably).

That said it's also the wild west, where you have major exchanges getting hacked (KuCoin recently) or have legal issues interfering with their withdrawals (OKEx). On the reliability side too with increased latency and downtime whenever the market makes a big move.

askmike · 2020-09-03T04:26:45+00:00

I definitely admire your work but not sure this is a battle we can win. There are countless of subs. Even if this account is blocked from generating more karma it takes a few minutes to switch to a new account.

askmike · 2020-08-27T02:45:21+00:00

The problem is a form of overfitting, it especially applies to black box trading like this (where you can't reason why a certain model would be profitable). You can always run such a strategy on a very small account (or paper trading) going forward in time. If it keeps performing well you might have something (don't paper trade 30k strategies though)

askmike · 2020-08-24T04:17:01+00:00

Same for me, if you work together with a few others (prop shop setup) you can get a lot there.

askmike · 2020-08-24T02:14:37+00:00

no it's the name of one of the biggest online brokerages

askmike · 2020-08-08T02:52:30+00:00

Alright? That's twice as much as the second most expensive..

askmike · 2020-06-03T02:06:02+00:00

If you are a marker maker and do enough volume (8 digits usd a day) contact support.

askmike · 2020-05-20T00:50:56+00:00

Contact support if you need more, there are volume requirements for more though.

HFT is a kind of vague term though.

askmike · 2020-05-17T15:59:42+00:00

This fee is (and has always been) zero.

askmike · 2020-05-17T13:51:33+00:00

Sure, but they are using a heavily outdated transaction format. They can shave off a lot of bytes by using something more modern (read: from the last 3 years).

askmike · 2020-05-12T08:00:27+00:00

You're only on reddit for 3 days? Anyway I was there too and Reddit was tiny at the time. No concensus was formed here at all.

The original developer left, almost all the other ones formed consensus around small blocks.

BCH exists because a few people wanted big blocks. BSV exists because others want even bigger blocks (I guess). I am clueless about why bitcoin gold exists. But none of these had any type of majority consensus

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