My trade of the Day (using arbitrage spread calculator)
So in my opening article I was talking a little about this arbitrage spread calculator I invented, it's still in it's early stage but I have been successfully using it for a week now. It works very simply and gives me buy or sell signals with a target price. So for example Bitshares (BTS) has been giving me a buy signal on Poloniex for about two hours now with a target target of 4070. I just wanted to put this trade out there so you guys can get a feel for what I'm doing, I'm not suggesting you do this trade because like i said this calculating tool is new, i just want it on record so that IF it is successful i have some creditable proof. So far I've been buying every dip, acquiring my shares, then ill sell out around the target. Should take less than a day but we will see. Please follow me so you can stay up to date with my progress and hopefully we can make some BTC together.
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Wow I sure Know how to start strong! lol. This blog must be a jinx, first time I every got a sell on a coin i was holding before the target, but like I said the calculator is new and I was expecting to have some losses, just bad timing that it's with the first broadcasted trade.
I wrote an article that explains the math involved in a simple way to arbitrage across cryptocurrency exchanges. Important to know what you are getting into so that you will not be trading at a loss. https://steemit.com/arbitrage/@kesor/the-math-behind-cross-exchange-arbitrage-trading