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re: Crypto Trading Bots
Posted on 2/10/22 at 9:50 am to tigercraig
Posted on 2/10/22 at 9:50 am to tigercraig
I’ve done that before. I moved them to smart trades so it wouldn’t effect my overall bot profit, which is really just tricking myself. I say this is better than just holding from the top.
Say If I have 5k 20% out, if I just wait to TP, my profit will be1k, if reset my bots, and I make $15 a day, it would take 65 days to break even. $30 a day 33 days. Which one is more likely? Also could just continue to add funds and dca.
If I would of closed and restarted my froze SOL bot 18 days ago at the bottom, I would have made,speculatively $100-$200, but I did nothing and the bot is up 30% or $300 from a $1000 bot , so the right decision was to do nothing. If I would have bought $500 at the bottom the deal would have closed.
With out taking into account any technicals, maybe the best thing is to DCA down to 20% then every additional 10%
Say If I have 5k 20% out, if I just wait to TP, my profit will be1k, if reset my bots, and I make $15 a day, it would take 65 days to break even. $30 a day 33 days. Which one is more likely? Also could just continue to add funds and dca.
If I would of closed and restarted my froze SOL bot 18 days ago at the bottom, I would have made,speculatively $100-$200, but I did nothing and the bot is up 30% or $300 from a $1000 bot , so the right decision was to do nothing. If I would have bought $500 at the bottom the deal would have closed.
With out taking into account any technicals, maybe the best thing is to DCA down to 20% then every additional 10%
1
Posted on 2/10/22 at 1:09 pm to Rust Cohle
quote:
Say If I have 5k 20% out, if I just wait to TP, my profit will be1k, if reset my bots, and I make $15 a day, it would take 65 days to break even. $30 a day 33 days. Which one is more likely? Also could just continue to add funds and dca.
But it doesn’t have to happen inside of the bot. If the asset is going to go up in price it’s going to do it either way. When you cancel bot deal you still hold asset so arent missing out on the upswing.
Unless you are just trying to protect your bot “stats”
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