Zeta Markets: Trading With Grok (Day 2)

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14 Oct 2024
164

Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto

After Day 1 of trading things didn’t look too bad. Our original price started at 145, so to be fair, Day 2 could have easily gone either way. But within a short period of the trade being lodged, the candles showed some pretty positive green movement which made it start to look like Grok was on the way to another correct prediction. 

The Prediction

Despite being in the green at the start of the experiment, Grok stuck with the initial prediction and continued to go long. 


The market saw some slight gains which continued the positive trend. While there won't be an early retirement going off the numbers we’re seeing, things could have just as easily swung into the red. Therefore, any gains are good gains, so we’ll take them without complaint. 

Grok’s Day 2 Prediction: Long


The Market

The market changed little from the previous day's experiment, with gains of around 7% which translates to a few dollars on top of our original investment. 

Interestingly enough, looking at the graphs show some good input for the short market in the weeks prior to our terrible experiment starting. We also see a pretty distinct spike upward in the previous week accounting for a total shift of around $40.00.

If Grok is able to correctly calculate the position and timing of one of these price swings then we stand to see far more gains overnight than we would be dealing with a price swing of just a few dollars.


However the flip side is also true, as should Grok end up on the wrong side of one of these fluctuations, it won’t take much to wipe out the progress of the last few days. 


As always, Zeta Markets has been reliable and easy to use. There was no Z score bonus this round, but there were no dropped transactions and overall the Z score challenge is progressing well. 

The Result

Surprisingly, we finished the day in the green again by a small amount. Which is always a pleasant surprise when you’re perp trading. The market continued with its small, but steady uptick and while it didn’t perform as well as it did yesterday it’s still a positive result. 

This closes out another trade event on Zeta Markets. Given all the activity of the past few days, we’ve been able to push into the top 500 and hope to gain a few more positions in the coming days before we close the series out.

If Grok doesn’t empty out the trade wallet with a series of bad decisions, there might even be time to compile another few trading articles with a more refined trading plan. Are you trading on Zeta?

Day 3 Prediction


Grok’s Day 3 Prediction: Long


The third time is also a charm apparently, as Grok seems to see going long again as a good option. With no significant price swings in the last 24 hours, gains similar in number to what we saw yesterday would probably keep us in the ballpark. 

Can Grok get it right for the third day in a row? Or is it just hoping that things hold out and the market doesn’t shift? At this point, it doesn’t matter as another trade for 1.5 SOL has just been lodged so the commitment has been made!

Check in later to find out if the candles went red or green. 

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