KryptoSC OP t1_j264dl8 wrote on December 29, 2022 at 10:53 PM

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

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.

MoreBurpees t1_j26b6ok wrote on December 29, 2022 at 11:39 PM

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

Ezzoud t1_j28rcbp wrote on December 30, 2022 at 1:47 PM

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

KryptoSC OP t1_j28wd2d wrote on December 30, 2022 at 2:27 PM

$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.