Building Trading Bots: From Safe to Insane!

TLDRJoin me as I build three different trading bots with varying levels of risk and see the results of my $10,000 investment.

Key insights

⚙️I built three trading bots with different strategies: safe, risky, and insane.

💼The safe bot uses momentum and value trading strategies to make decisions based on the stock's movement.

📰The risky bot scans news articles and buys or sells based on the sentiment.

🎶The insane bot uses AI to match stock news with Taylor Swift lyrics and makes decisions based on sentiment.

💰The results were mixed, with some stocks making a profit and others resulting in a loss.

Q&A

How did you choose the stocks for your trading bots?

I selected a predefined set of stocks and used various strategies for each bot.

How long did you run the bots and what were the results?

I ran the bots for around 3-4 days and made a combined profit of $109.35, considering commissions and fees.

What platform did you use to build and execute the bots?

I used Python and the Interactive Brokers API to build and execute the bots.

Did you encounter any challenges during the process?

Yes, I faced challenges with data availability, APIs, and subscription costs for real-time market data.

What lessons did you learn from this experience?

I learned that trading bots can be profitable, but they require careful strategy and ongoing optimization.

Timestamped Summary

00:00Introduction to the video and the purpose of building three trading bots.

03:31Explanation of the safe trading bot and how it makes decisions based on stock price and average movement.

06:19Overview of the risky bot that scans news articles and buys or sells based on sentiment.

09:59Introduction of the insane bot that uses AI to match stock news with Taylor Swift lyrics.

13:23Results of the trading bots, with some stocks making a profit and others resulting in a loss.

15:28Thank you message to the viewers and invitation to join the Discord channel for a special event.