To the user yday who told me about slippage, thank you and just a reminder for those on Zig Forums who genuinely are about learning and growth and not just shitting on each other.
Executed my first slippage trade today dude, actually makes alot of glaringly obvious sense fren.
Anyways, fuck you all your all nigger autists.
Other urls found in this thread:
en.wikipedia.org
twitter.com
I’m up $6k this year from slippage. Pretty based and minimal effort/risk.
Can you please explain how it works?
How does it work?
en.wikipedia.org
This is the only resource you need fren.
Yeh my man, like I can see how it could be quite a game changer for swinging like LINK generally does have quite abit of price action (in terms of margin).
It would make alot of sense with options trading too, annoying Binance futures combine all your positions otherwise you could do really well on bitcone.
In 2 months when im gonna have more time im gonna certainly take this approach for some stonks CFD's /options.
Teach me, I keep losing ETH because of this shit
Slippage is the easiest form of passive income desu. Just using half of the slippage for living expenses and the rest goes straight into chainlink. Comfy desu
ok so help a retard out. basically depends on the orderbook? slippage is the difference in price between me hitting market buy at 9k and the actual average price i paid for x btc at 9k? how can you use this to make money?
I know, it's boring but it works. Who doesn't like free (relatively safe) money?
I too don't see how you can profit from this.
this is the weirdest troll I have seen
unless you're calling market making 'slippage' but that's a different thing and is not without risk
not market making. I said passive income lol
there's no passive income from 'slippage'.
You may mean being a liquidity provider on uniswap, but that's market making and isn't riskfree.
just remember the nickels are great until the train runs you over
Can someone explain this market making slippage shit to me pls
My binance balance would disagree with you
Pic related is literally all slippage gains in the last month
idiot samefagging bastard
MOOOOOOOOOOOOOOOOOOOOODS
nothing you say makes any sense. The only way to profit from the spread is to make the market.
wow we got a big guy over here guys
nice, ive been getting into slippage myself
I mean it’s not a huge balance but I have more on a hard wallet and this is literally one months profits from doing almost nothing except understanding the basis of slippage
yeh this was my next pursuit possibly is to automate the method as I could imagine if you did this all day it would be dull as shit, but then you could just execute trades at the beginning of the day, manage your risk and just let it ride and see where your position is.
I mean, fucking beats staring at charts all day.
so what are you doing exactly? buying in when theres a good bit of orders below market value filling your order, then selling when it goes back slightly above the price you slipped in at?
It depends on the coin. Op has an example for ESH which is one of the easier coins, Link is a bit different (less latency, more liquidity, more exchanges)
If you made this in the casino you'd be pretty chuffed with yourself and people would be like 'well done user'.
But you make this through slippage and people get all buthurt..c'mon Zig Forums
Oh so you amass some of a coin, then you monitor book and place limit sells right above the lowest ask? How do you guarantee you're buying lower than that ask? Seems like a good exit strategy, but not sure how to amass the coin to sell in that manner.
how would one slip trade link for example? i presume if you tell me what order-book conditions to look for and when to get in and out, then others will do the same and the strategy will no longer be effective?
Im just fucking around with this atm, but you could do it both ways really, so as a price increases, or decreases.
Initially I approached this as managing risk, as for example, if you put a stop limit on something going south like ESH drastically did, the orders, may not be fully filled as people desperately try and offload coin and fill the books rapidly.
So that would mean you would have got some funds out, but the remainder would be locked in as you would only sell at x price, where you would be wiser to sell portions of stack at x,y,z, staggered down.
Tbh I looked at the wikipedia example once and understood the concept implicitly, those of you still asking 'spoonfeed meeee waaa' try and put some fucking effort in and educate yourselves.
At the very least this would have hedged some of your risk for those of you lost a few grand on ESH crashing.
Just bought a BMW 750 from last month's slippage gainz. Idk why more of you anons aren't doing slippage.
So a safer version of catching knives and a safer version of taking profits, essentially? I just worry about going for a dropping knife and it keeps dropping. I guess with this if you're doing tons of micro transactions you just buy in real small increments on the way down. I used to do some monitoring of cryptos on Binance. Would keep an exponentially weighted moving average of the order size (in $) and when I saw big block buys above some threshold I would buy in with them and ride it up. Never fully automated the buy/sell, but was relatively efficient.
Rumours that binance are going to ban slippage soon bros. Sucks
fuckem, just migrate to other exchanges, desu I dont do anything on binance other than spot buying for long holds or futures, and futures I literally just make some passive food and beer money out of.
Im interested to see how I can apply slippage to actual trading instruments tho like CFD's or somesuch.
Didn’t know there was so many slippage bros on Zig Forums. Is /slippage general/ a new thing?