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re: Crypto Trading Bots

Posted on 11/16/21 at 11:56 am to
Posted by LordSaintly
Member since Dec 2005
40715 posts
Posted on 11/16/21 at 11:56 am to
quote:

I started with $5K and had way too many bots running (25+)


Same except I have $3K invested.
Posted by TomSpanks
Baton Rouge
Member since Dec 2005
1202 posts
Posted on 11/16/21 at 1:48 pm to
quote:

Same except I have $3K invested


It's so easy to do when the market is going up like it had been.
Posted by horsesandbulls
Destin, FL
Member since Jun 2008
5029 posts
Posted on 11/16/21 at 3:09 pm to
are yall using the 3commas app? or just checking online? The app seems to be lacking a bit of information that the browser portal has....
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/16/21 at 5:26 pm to
You have it figured out it seems. The risk of pullbacks are real. We are experiencing one right now, and it’s has a lot of people wondering what the hell is going on. It’s definitely harder having less money to fund these things properly. I feel for the people that have been priced out. I got priced out big time in September, and had to wait about a month for things to recover. Hopefully the wait won’t be that long this time.

My bots still continue to churn out profits even with this shite market. Yesterday they made $172 and today I am at $185. Maybe some of the newcomers to this will have to decrease the number of bots they are running, or set the BO/SO’s a little less in the future. It’s definitely a learning process, but I promise you it works. Just tread lightly till you get the hang of it.
This post was edited on 11/16/21 at 5:37 pm
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/16/21 at 5:30 pm to
quote:


are yall using the 3commas app? or just checking online? The app seems to be lacking a bit of information that the browser portal has....


The app doesn’t have much function besides keeping up with your gains, and what bots are closing. I use the app at work when I don’t have access to my pc.
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5820 posts
Posted on 11/16/21 at 8:39 pm to
3Commas is telling me I’ve profited ~80 but it says my actual balance is ~70 less than what I started with. How is that possible?
Posted by LSU Delirium
Member since Aug 2013
481 posts
Posted on 11/16/21 at 10:03 pm to
Because the coins you still have tied up in deals are “down”. Essentially you have $80 in realized gains and $150 in unrealized losses.

MANA been carrying me through this. I’m pretty deep into my SO’s on the others, but excited for when they start to climb, should be some fun deals that close.
This post was edited on 11/16/21 at 10:05 pm
Posted by TigerDeBaiter
Member since Dec 2010
10491 posts
Posted on 11/16/21 at 10:21 pm to
You got bags
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/17/21 at 6:40 am to
MANA has been a winner. Starting to have a few bots clear this am. IOTA, NANO and STORJ doing well. FIL still killing me :(
Posted by The_Icon44
Member since Mar 2016
55 posts
Posted on 11/17/21 at 8:22 am to
Just started and finding out that FTX.US doesn’t seem to have volatile enough coins to make this feasible. What exchange is everyone in Louisiana using?
Posted by horsesandbulls
Destin, FL
Member since Jun 2008
5029 posts
Posted on 11/17/21 at 8:48 am to
to test this out, I used Sushi/usd and link/usd and both did a little work last night. about $3.00 on $150.00


ETA: In florida. Using FTX.US for the trial 3commas pro.
This post was edited on 11/17/21 at 8:50 am
Posted by The_Icon44
Member since Mar 2016
55 posts
Posted on 11/17/21 at 9:26 am to
Yeah I closed to deals on LINK, but haven’t had any luck with my other bots. The market is just not moving up or down enough to trigger SO’s or TP’s.
Posted by Jjdoc
Cali
Member since Mar 2016
54858 posts
Posted on 11/17/21 at 5:03 pm to
I closed deals on Shib for right at $2.50 per day since the weekend.
Posted by texag7
College Station
Member since Apr 2014
39646 posts
Posted on 11/17/21 at 6:08 pm to
So basically you’re using the martingale strategy
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/17/21 at 8:31 pm to
$150 today with bots closing on the alts right now. Hopefully everyone is having at least some of their bots closing at nice profits.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/18/21 at 5:04 am to
Anyone else catch the ALGO pump last night?
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
875 posts
Posted on 11/18/21 at 6:49 am to
I’ve got nothing closing. Getting crushed.

I’ve got 4 coins down ~$300-$400 each. Dumb buys before I knew what was happening.

OMG
KRL
LCX
TRAC

Considering closing them out and taking the L
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/18/21 at 8:34 am to
I wouldn’t , but you have to do what’s best for you. You are guaranteed to lose if you sell. That’s how I look at mine.
Posted by LordSaintly
Member since Dec 2005
40715 posts
Posted on 11/18/21 at 8:38 am to
quote:

Because the coins you still have tied up in deals are “down”. Essentially you have $80 in realized gains and $150 in unrealized losses.



And we owe taxes on those realized gains, regardless of what 3commas does with it.
Posted by horsesandbulls
Destin, FL
Member since Jun 2008
5029 posts
Posted on 11/18/21 at 9:01 am to
quote:

And we owe taxes on those realized gains


whats yall's plans regarding this? Just take out what's owed from your exchanges come tax time? Sorry if this is dumb but this is the first time I'm going to need to worry about something like this.
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