I Built a Trading Bot to let Subscribers Trade $25,000 on Twitch

water filled auto filled auto filled water filled oh my god look at that look at the train [Music] this is all the commission so we've already spent like 300 of commission today we're going to be building a trading bot that lets twitch chat trade a thousand dollars of my personal money you might be wondering wait the title says 25 000 what gives well initially i wanted to only trade a thousand dollars but i ran into issues where it forced me to put 25 000 into my account you'll see why later what better way is there to get closer to my subscribers than to let them manage my money okay let's start to build this we need to create a twitch bot that listens to messages and whenever someone writes a command like sell apple or buy gme it will route the request to our other bot that will connect to the stock trading api and execute the orders that's it it's pretty easy is it yeah yeah it is it was not now i did a ton of research on various trading platforms and i believe that interactive brokers would be the best fit that was also untrue so i registered for an account answered a bunch of questions about my trading experience registered a cool ass username and now all i have to do is put a thousand dollars into this account i feel like this is a great time to talk about drama class i'm trying out this new platform that allows me to offer a ton of free videos for you guys and also now this was highly requested you can buy a single course and keep it forever if you don't want to subscribe and pay every month if you don't care about the other videos so go ahead try it out if you like it feel free to purchase it or subscribe all right back to the video all right perfect so i wired the money and now i have to wait a few days for it to clear so we can play with the platform so i'll see you in a couple of days [Music] okay money is in let's uh open up the trading platform cool cool i have no idea what any of this is let's watch a tutorial [Music] wow trading is so cool let's play this again [Music] anyways the first thing we'll do is try to write a program to buy and sell stocks through code instead of using the interface and to do that we'll use their api [Applause] [Music] okay great when we run this program it's supposed to buy one stock of apple let's see if this works okay great when we run this program it's supposed to buy one stock of apple let's see if this works autofilled perfect worked on my first try awesome now we have to create a twitch bot uh what we'll do is get the official code sample from twitch devs make sure i understand it before i copy it [Music] i know some of these words okay all right now i get my access token change the channel name print out the messages to make sure it works oh excellent as you can see on the right it's on the terminal let's do a few more all right cool that works um well let's now try to let's now connect the two uh so the twitch chat can buy and sell stocks all right cool montage time [Music] all right so um we have a problem um i woke up this morning and my account was locked so i i tried inputting some orders and i got an error saying order rejected reason potential pattern day trade so apparently a pattern day trader is someone who buys and sells a particular stock in the same trading day which is what i was doing when i was testing my code and even if i'm not testing i would want my followers to be able to buy and sell the same stock within the same trading day because it's more fun it's more interactive but apparently it's it's a rule by the sec that if you want to day trade you need the account to maintain at least 25 000 and 25 000 is a lot of money like i don't i don't really know what what i'll do hello yeah that's me yeah i'm okay you uh-huh yeah so it's possible would i get double if i sell both my kidneys oh you can't i see okay all right all right so today is the day we're going to let the public test it out and play with my 25 dollars as you can see i got tws opened up and i got my graph here that i made as you can see it just fills it fills the void yeah that's cool all right let's go live autofilled [Music] don't go too crazy it's actually whatever who cares okay so basically you guys um you guys can see here these are all the uh trades that happened and then this is your chat this is the news i don't know it's not that important and then this is your portfolio this is what you have all right the goal is to be able to be to get a positive return during this test run we didn't run into any technical difficulties surprisingly it worked as intended and people were buying and selling stocks however i did notice that my profits kept declining and that was because of commission this is why interactive brokers might not have been the best choice since they charge a minimum of a dollar per trade or a max of one percent of the value traded i thought about creating a voting system where people can vote on which stock to buy or sell every five minutes and after that the top voted action gets executed unfortunately i think that's kind of boring you don't get to see your trade immediately executed because all you can do is vote people need to feel like they're contributing in real time right and and it's satisfying when um when the moment you place your order it gets executed so you get that immediate feedback it's so fun it's it's it's what twitch live is all about right so i think i decided that i'll enable trading for just 30 minutes a day where they can go crazy and i'll just eat the cost whatever because that's just more fun and also how many orders can he possibly place in 30 minutes yeah i think that's what i'll do [Music] order filled order filled and you have to you have to start selling guys you have to start selling you have to start selling all right let's sell google we have too much google for we have eight tesla seven teslas five s and dl i don't know what that is for abc's [Music] okay we're going to stop it now abort autofilled oh all right good job guys i hope you had fun wow look at all this look at all this all right share your script i want to lose money to be honest we actually did pretty well i mean the only reason why we lost so much money right now is just because of the commission if we don't take commission into account i'm pretty sure we didn't do that bad you know we're buying like normal stocks i guess whoever whoever bought melly m-e-l-i we just made 2.8 percent on that trade right so that's pretty cool oh we're making money on nvidia we made 12.95 so after all the commission and stuff if you guys look dude we're making we're making profit like it's going up and then maybe next year on my next birthday i can show you guys uh how much you guys made how much we made together as a as a team so to be honest to be honest our portfolio is not that diverse our portfolio is only amazon nvidia google tesla and basically these are tech companies it's it's not that out of a question that we're going to be where we're going to make a profit in a year the reason is because we're just tech stocks basically we're invested in tech companies and it's because and it's because you guys just you guys are in tech so so the only stocks you guys know are are tech stocks and also because they're expensive so they take most of the portfolio yeah man you guys you guys are the best you know joma capital or joma subscribers capital or jomof thank you for uh investing with me and i'll see you in a year to see uh how much money we've made but yeah i thank you for all the birthday wishes you guys are you guys are very nice you know a great start to my day i just woke up by the way i woke up at 12 today aka two hours ago but yeah all right have a great day guys [Music] jomo what are you doing on twitch justin just justin khan co-founder of twitch where are you facetiming me for i'm going to be honest with you you should probably stick to youtube it's a little bit embarrassing that you have no views even with 25k on the line well i think you should stick to just being a vc it's kind of embarrassing how small your youtube channel is dude that's so bit so mean so you want to collab sure let's do it

Channel: Joma Tech

Views: 2,261,462

Rating: 4.9548302 out of 5

Keywords: joma, vlog

Id: -UdWguw90g4

Length: 12min 59sec (779 seconds)

Published: Tue Mar 16 2021