JJGOLD Kalshi Is The Exchange We've Been Waiting For!!!!

[Tanko]

Limit orders. By providing limit orders on the book you are creating liqhidity. You are MAKING liquidity.

By just buying whats immediately offerd, you are TAKING liquidity from the market.

Kalshi will reward you with cheaper commissions for placing those limit orders and having them rest there in the order book.

Do they give you credit (lower commish) even if those orders are not ever filled?

 

[KVB]

I sold those last TOTAL contracts for a loss last night, making it a losing night for me in the trading accounts.

Could have been worse, could have been better. I wanted to give an idea of what it's like for me trading.

I'm a little bit glad I lost, and that I got shaken out, only to get back in. I wanted to show some reality there, and I think we saw it. Even when you have some right answers, it can be hard to win.

I think I gave a little taste of the craziness.

Anyway, back to the salt mines, to do it all over again.

 

[KVB]

Do they give you credit (lower commish) even if those orders are not ever filled?

No.

In lighter markets that need volume they will give you rewards for jumping in, but those aren't really markets I play a lot of. I got some benefit for the governement shutdow contracts, and I won on those too.

I didn't pay one penny in commission for all those gov't shutdown contracts, not one.

lol

Tempts me to enter more political stuff, I've done a lot of analysis in tat department. Last week I had CSPAN2 up for two days, as I watched the shutdown go down.

Truthfully, though, my expertise is in sports. That's where I belong.

 

[KVB]

C’mon Kansas ML

 

[KVB]

Do they give you credit (lower commish) even if those orders are not ever filled?

Also, if I have time when I'm trying to get in a postion LIVE I will set orders just below the price and try to trigger. I watch the order book.

If I can't get in, or the market is moving fast, I just take the liqudiity and pay the usually small commission.

When I get in, I often set a limit to get out, unless I'm taking it to fruition. But I watch closely. If I need to get our before the limit is reached, I will basically sell on the bid and just get out, paying whatever.

Fortunately, I haven't been in too many positons where there a pace like that. Last night though, in this thread, I sold some for a loss on the bid and some with the limit orders.

A combo of the two and the vig is very workable.

 

[Tanko]

Also, if I have time when I'm trying to get in a postion LIVE I will set orders just below the price and try to trigger. I watch the order book.

If I can't get in, or the market is moving fast, I just take the liqudiity and pay the usually small commission.

When I get in, I often set a limit to get out, unless I'm taking it to fruition. But I watch closely. If I need to get our before the limit is reached, I will basically sell on the bid and just get out, paying whatever.

Fortunately, I haven't been in too many positons where there a pace like that. Last night though, in this thread, I sold some for a loss on the bid and some with the limit orders.

A combo of the two and the vig is very workable.

This sounds like when I day-traded for a month.

 

[jjgold]

The only people making money at Kalshi are the sharks like KVB

 

[KVB]

Damn, too bad I didn't post todays action. Hard to do, I am multitasking, running numbers, and scanning markets constantly. It's a wild focused time when the trading office is open.

I did well, but I'm most proud of what I did while being in a couple of levels on the UNDER in the NC St/SMU game.

I got out at halftime for a less than $2 loss, due some nifty trading, and protected the gains from two other games.

It's not those other gains I'm proud of, I can do that over and over again. It's getting out with discipline when I know I should, and not hanging on to any hope. Would have been easy to ride those bets, already being up "house money" right?

Wrong.

"There's no such thing as house money. That's your damn money son. You won it fair and square."

--KVB

"No matter the markets you are plying, no matter if trading or investing, it's not about what you make, it's about what you keep."

--KVB

 

[KVB]

Things move awfully fast and posting while working is tricky.

I am looking at Seton Hall, though, and if they make an early move or play solid early on, I may put orders in the market against them. There always needs to be a trading plan. This is just one part of a multi tiered plan today.

But you need to have a plan.

"Always have a plan. That way, when the bullets start flying and the fog of war sets in, you aren't confused and don't know what to do."

--KVB

 

[KVB]

Not afraid to pick up, or at least put orders in for, Providence if Butler surges.

"Always have a plan. That way, when the bullets start flying and the fog of war sets in, you aren't confused and don't know what to do."

--KVB

 

[KVB]

I am looking at Seton Hall, though, and if they make an early move or play solid early on, I may put orders in the market against them.

Hall playing strong, but it's too early to get much of a market reaction to dip into.

 

[KVB]

Not afraid to pick up, or at least put orders in for, Providence if Butler surges.

I did this.

I own providence below .50.

Also bought Under 138.5 in MIch st./MInn

 

[KVB]

Hall playing strong, but it's too early to get much of a market reaction to dip into.

Nova swelling to 10 point lead.

 

[KVB]

I own providence below .50.

Can already scalp this at .57, but slowly, patiently, we wait.

 

[KVB]

Also bought Under 138.5 in MIch st./MInn

That UNDER^^^ was .58.

I also triggered UNDER 141.5 at a very expensive .70 cents

 

[KVB]

I am looking at Seton Hall, though, and if they make an early move or play solid early

Hall playing strong, but it's too early to get much of a market reaction to dip into.

Never did get the prices I wanted for this stage in the day.

Now nova is up 15 at half.

 

[KVB]

Like those Big10 Totals but I've seen the big10 really getr wacky with the totals pace.

Picked up creighton below .50, got a lot could trade out and in this one.

 

[KVB]

Also bought Under 138.5 in MIch st./MInn

That UNDER^^^ was .58.

I also triggered UNDER 141.5 at a very expensive .70 cents

LIVE line around 121.5 currently.

These contracts above will cost you .96 now.

 

[jjgold]

Do you close most positions early win or loss?

 

[KVB]

Creighton/Gtown showing a brutal under, 8 points in 5 minutes

Not in that Total, but that is brutal considering the circumstances.