Does anyone use bots for crypto trading? do you earn anything? or does it make any sense?
I use tradesanta only a couple of days. Do you have long term experience with this trading bot?
I use tradesanta only a couple of days. Do you have long term experience with this trading bot?
I don't use any bots and I wouldn't recommend using them in the current conditions. The strategies trading bots use work mainly when the market is trending, i.e consistently rising or falling. At the minute the market is in what's known as consolidation phase, which means instead of consistently rising or falling it's rising for a bit, then falling, then rising again, then back to falling etc - basically moving sideways. Trading bots DO NOT work when the market is like this, so if you use them you're likely going to lose money.
If I were you I'd take the time to learn how to trade the current conditions and then when the price starts trending again switch to a robot, if you're not already good enough at trading by that point.
Interesting strategy OP. Can you please say how much you made on crypto from the point of starting trading? I will also search a strategy that not takes so much time, do you tried any trading bots or just doing trade on your own? And when you trade you choose altcoins from top 100 only, or trade just bitcoin?
Thanks, Adriano. I'm not going to reveal how much I've made from trading, because I don't think it's necessary for the discussion. As for your questions..... No, I don't use any bots, I just trade on my own, which is how I think everyone should trade. I only really trade Bitcoin and Etherium. From time to time I trade some of the lesser Cryptos like Dogecoin and Litecoin, but Bitcoin and Etherium are my bread and butter and probably always will be.
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Looking at your strategy and experiences no doubt that you are a successful crypto trader,things that is really hard to achieve specially in this volatile market,i should have thabk you because i have now new things to look at for my trading habit
Just please continue update us for your future progress on about the outcome of your successful tradings.
Glad I could help, Arthotdog. Don't worry, I'll be keeping you updated for the foreseeable future
.Nice post you have here. Let me scroll on to the website you posted. Where did you get all the information posted on your site? Can it be readily understood by newbies like me who just want to trade for profit? How about stop losses? Is it possible? How do you know what coins to trade for short-term profit? If ever anyone can answer this especially OP, its greatly appreciated!
The information on my site is just stuff I've learned over the years. Yes it can be understood by newbies (I think). I tried to make the articles as easy to understand as possible, so people wouldn't be confused by the information. Stop losses? I'm not sure what you want to know. If you want to know HOW to place a stop (on Coinbase at least) there's an article on my site that shows you how to do that. But if you want to know WHERE to place a stop loss after you buy some Crypto, check out page 4 of the thread, because there's a full guide there that shows you exactly where your stop should always be placed.
I only trade Bitcoin and Etherium for short term profit. Sometimes I trade other Cryptos, like those mentioned above, but Bitcoin and Etherium are the only two I day trade, mainly due to the fact the chance of having slippage on stop losses and entries is lower on these than it is on most of the other Crypto's.
All I can say is Good Job. All the articles in your website seems to be on point and easy to understand which is good for newbies who wants to enter into cryptotrading. When will your pdf ebook be available? I guess one of my suggestions is setting up a flow woth your book from basic terms to trading itself. As I see the website I can say that articles are justvarrange to the topic fo what you are discussing. I just hope that the ebook will have a flow so that readers won't get lost with the lesson.
Thanks, Harlot. The book should be available on Monday. I've just got to go through it again and check for mistakes and stuff, then it should be ready. I know what you mean about flow. The book will initially cover some of the basics of trading like Technical Analysis, price charts, indicators etc. But I'll be updating it over time, so it will cover more topics in the future (it's over 7000 words now, so it's not small by any means). It shouldn't be too hard to read anyhow.