This is my thread I made yesterday morning asking you guys about my trading strategy. Guess what - in the next 6 hours I TRIPLED my capital
Did anyone see the HUUUUGE spreads on binance yesterday?
I traded manually, made sell orders MUCH lower than market (bots didnt match them) and buy orders MUCH higher than market (bots, again, didnt match, difference was just so large) and still made about 0.5-1.5% on every trade.
At the end of the day my capital increased by 300% Spreads were huge for all top volume eth pairs - why do you think there was such an anomaly?
EXAMPLE:
I started with REQ/ETH pair.
1) Enter the lowest sell order number in calculator - lets say it was 0.00017860
2) Enter highest buy order in calculator - lets say it was 0.000172000
That is a 3.5% difference, between those two, which is HUGE - today couldnt find even a 1 % spread.
3) I make a "BUY" order much bigger than the one on the top - something like 0.00017400 (it is such a big increase from 0.000172000, that bots didnt match me most of the time) - usually this was INSTA buy
4) IMMEDIATELY enter a "sell" order that is much lower than the lowest in the order book, lets say 0.00017600 (much lower, so that bots wouldnt match or beat my order) - again, most of the time, INSTA sell.
In this example i gained about 1% profit (bought at 0.00017400, sold immediately at .0.00017600
After trading with one coin for 30-45 min, I noticed the spread really, really decreasing - maybe because of ME trading that way??
When that happened I switched to the next coin. Yetsreday the biggest spread were for neo/eth, hshare/eth and req/eth, a lil bit of wtc/eth