P2P Lending / NFT Lending Forum

I have not participated in the secondary market until now and just started playing around with it a bit. I initially thought I could just re-price all my notes to a 2-4% markup (depending on the note and my valuation of it to my portfolio) over par and make a quick buck or two on anything that sells because I would be selling at a premium over the service fee charged by foliofn for selling the note. My thought being that I would always be selling for a better and currently i'm not having a problem getting those funds re-invested into notes that meet my investing requirements. I thought this might give me a slight bump in my quarterly ROI numbers because the added points would be a bonus if the funds were re-invested quickly enough.

I'm now starting to question this thought process as wholly flawed as I'm starting to see which notes are selling and which aren't. I'm specifically looking at notes with increasing credit scores (that are now overpaying interest because of improved credit rating[IE this is a safer note to stay in]) or notes that have reached or are close to reaching the up to average default length (1yr)...

Does anyone have any thoughts or considerations on this methodology of note flipping? Do you think I'm doing more harm by increase the risk of getting stuck with defaulting notes because the more seasoned a note gets the more likely it seems to sell...

-Keltset

I was using python to convert to a sqlite database and running all my calculations in python... I have since switched it to AutoIt and update my sqlite database from there. It's pretty easy to automate the login process to download your notes csv file automatically and parse through your notes as well as download the currently listed notes and historical notes records file with auto it. I set mine up to automatically update every day and i created a little html page that spits out and is set to my browsers home page so when i open my browser I can see if there is anything that needs my attention or if my account has enough money to purchase new notes with I don't have to continually log in to check... I was having to many problems with excel handling the historical notes file on its own... it was just to slow and painful with the massive amount of data. It's easier when you can just pass sql queries to get what you want and not worry about it being updated or not since you can make it auto-update...

AutoIt is a basic windows scripting language, python is more of a real "programmers" scripting language and has more power but I switched to AutoIt because of my own skill level with it far exceeds that of my skill level in python...