31–40 of 45 posts
Earlier quoted context omitted.
How could you lose money on a standing sell order for a higher price than what you bought it for?
lots of video games charge a fee of in game currency for a transaction through an auction house or other system. It acts like a sink against inflation in the video game economy
Earlier quoted context omitted.
What claim about how the market works is silly exactly and why? My claim was that 1 person owns the 1 major US market making business AND a hedge fund. Facts: they can control the price (naked shorting + strategic FTDs) and trade on it. Even if they can't/don't control the price, they can still front run the entire market. And even if they don't do that bEcaUsE iT's iLliGaL they legally (not ethically) do it through…
You should be happy that market makers like Citadel Securities exist. Payment for order flow is why commission free trading can exist. Citadel Securities, Virtu, Hudson River Trading, Jump Trading etc compete in a negative sum game which reduces the bid ask spread on various assets (i.e. make them cheaper to trade for everyone). Also lol that a hedge fund with about 1% of total hedge fund assets controls prices. What…
I made approx 1K GBP as a young teenager trading in RuneScape prior to the introduction of the GE. Haggle people down to say 6 mil for a party hat I'd sell for 6.5, repeat, when I quit the game I sold it all on eBay, my mum was rather surprised when the money came in. Hourly rate? Awful. I very much doubt that I'd be where I am today without that experience though.
What line of work are you in now?
Sorry if I’m just bad at reading comprehension, but what exactly is being modeled here? It sounds like the author is just getting price data not unlike a candlestick chart. What I don’t understand is if the trading is happening within the 5 minute windows he mentions or if model is finding patterns across timeframes?
The training data is composed of the bot’s previously executed trades from the last 63 days joined on the price/volume data. So the model discovers patterns in the price/volume data that have historically lead to well-performing trades. The dependent variable is gold/second generated from a historical trade.
I am curious, is your Java client one of the many open source bot clients that actually calls into client code? Or is it some type of click script which does some repetitive inputs?
I have had bad luck with the former in terms of getting banned.
Has anyone done similar experiments with EVE's marketplace?
There is a lot of this in EvE Online and it's a valid and welcome play style. Unfortunately, everybody will tell you its opsec if you ask for details.
If you want more information about EvE Online's extremely deep and intricate economy (Essentially everything is built by players who mine ore to make components who resell to integrators that have associated distributors and clients and so forth) you can check Oz on youtube who makes market and market analysis content ( https://www.youtube.com/@OZeve )
Very closely related, EvE Online now has an official MS Excel plugin from Microsoft with full API integration with EvE Online. This game is an effective way to become an expert using MS Excel and its full, powerful integrations: Oz' Quick Guide: https://youtu.be/eAogNNeDZuo
EvE Online also has a convention where our EvE Ted Talks are presented to one another (like defcon) called Fanfest. Here's 51 minutes: Fanfest 2023 "Market Spreadsheet Masterclass" https://www.youtube.com/watch?v=6Ql6IU1eZpM
If you have an idea, or want to see if you can do this, the free-to-play account can for zero dollars if you already have an MS Excel license or are able to integrate your own solution. The limitation is you will start with zero capital, knowledge, intuition, and F2P accounts can't make nearly as many orders as a fully skilled character.
Earlier quoted context omitted.
What claim about how the market works is silly exactly and why? My claim was that 1 person owns the 1 major US market making business AND a hedge fund. Facts: they can control the price (naked shorting + strategic FTDs) and trade on it. Even if they can't/don't control the price, they can still front run the entire market. And even if they don't do that bEcaUsE iT's iLliGaL they legally (not ethically) do it through…
> they can control the price (naked shorting + strategic FTDs) and trade on it This is the bit that seems poorly substantiated and unlikely. Please elaborate. Anything evidence you can cite would be helpful. Also, Citadel’s HF has definitely had down years.
Naked, Short and Greedy: Wall Street's Failure to Deliver (2020)
Susanne Trimbath
It's full of examples and evidence from someone who has worked at the SEC.
I did this same thing but via a google sheet, really fun either how excellent the wiki’s API is. The profit per hour shown here is abysmal - you’d make more money doing pretty much anything. I’d like to see market-level and category-level analysis on price trends (ie all magic-combat gear is trending up, or this specific item has a lagging relationship with another). If anyone is curious, prices may be out of date bu…
Why two? Isn’t the latter useless as you have the same information in the current 5m interval?
I made approx 1K GBP as a young teenager trading in RuneScape prior to the introduction of the GE. Haggle people down to say 6 mil for a party hat I'd sell for 6.5, repeat, when I quit the game I sold it all on eBay, my mum was rather surprised when the money came in. Hourly rate? Awful. I very much doubt that I'd be where I am today without that experience though.
O dear I've forgot about how saught after those were.