Ventures of an ex indie game developer

Shorting sure is the way to go

I've spent the last three days implementing margin trading, especially 1x shorting on Bitfinex. Fixed a lot of bugs in the trading code in general, and spent a couple of days manually inspecting the results to find and eliminate further bugs. Started "Atlas" the robot yesterday afternoon. The results look promising so far:


NEO short already took an 8.3% profit before entering again, and is now up another 1.37%.

Atlas is only lending/shorting as much dough as I have in the wallet. I could lend up to three times more (wallet money is used as security), which would increase the profits. I'm not sure yet if that would reduce my liquidation price (even though it shouldn't matter, since I use stop-loss).

This is going to be very profitable until the market turns. At that point I'll tweak the shorting parameters to breakeven, and hopefully the long strategies should take over profitability by then. The crypto market will turn (short-term) bullish in about a week.

That's a wrap, folks! Next post is a post-mortem.

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Gothenburg, Sweden