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KryptoSC OP t1_j254hln wrote

Reply to comment by Ezzoud in Brokerage Options for API Trading of US Stocks by KryptoSC

That's the wrong question to ask. They way I look at it, API trading facilitates programmatic trading which facilitates algorithmic trading which facilitates automating a strategy that has manually worked for you profitably in the past.

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fruitbatz-maru t1_j25ckad wrote

I totally agree. Personally, I use the etrade API to automate my bagholding.

It does have the problem you mention re: having to log in again every day.

Also I'm ok with paying commission.

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MoreBurpees t1_j261xpb wrote

>Just ... how much more profitable is api trading

I would also like to know this, please.

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unix_enjoyer305 t1_j28bf21 wrote

there are lots of people on YT who write algorithms and go over the algo's trades and P & L's

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MoreBurpees t1_j28vkh4 wrote

Would you be kind enough to drop a link to one that was useful to you?

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KryptoSC OP t1_j264dl8 wrote

I'll answer it this way. API trading for the most part frees you from having to constantly look at the monitor and eliminates emotional trading decisions. You still have to monitor the win rate to make sure your algorithm is net positive. You also need to backtest at least once a month to see if your strategy is still the most profitable option or if there is a more profitable alternative. Again, it's about automating what has worked well for you.

My most profitable algorithmic trading strategy has been netting me consistently between $1200-$1500 per month and I've been slowly scaling it up.

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MoreBurpees t1_j26b6ok wrote

Oh nice. I think I understand now in that it's utilizing your strategy versus its own. Thank you for teaching me.

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Ezzoud t1_j28rcbp wrote

I had a friend couple of years ago offer automated trading based on their set criteria. Was about to drop 500 to him, nearly all i had back then, and he then told me it will be 1.2k monthly for the bot img

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KryptoSC OP t1_j28wd2d wrote

$1200? Not much of a friend then. I'll say this, my automated trading activity will flag my account as a "Pattern Day Trader" due to the multiple back and forth buying and selling, which means that if I don't have a minimum $25k in the account then the brokerage firm will be forced (by FINRA) to liquidate my account.

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