Post
Topic
Board Trading Discussion
Re: Experience with Trading Bots
by
Dilerium90
on 21/04/2021, 16:47:19 UTC
Hi Guys,

i have been in the crypto world for a little bit but not to long- bought first BTC end of 2017 begin 2018 (and some Alts as well) and sat trough the whole bearmarket.
Also have i thrown some money into shitcoin ICOs.

Since this bull market i tried trading a little bit (doing "okay" nothing special but its alright) as i have a job where i work often long and @#%*& underpaid hours i dont have the nerve and time spending my spare time infront of the PC to check the charts and do active trading.


Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about scams(which bots definitely not to use, or what to look for in a bot to avoid it beeing a scam)

Thanks in advance for the answers!

Kind Regards
AD

Based on the trading experience that I have, I can conclude that any trading robots don't work in the long run over a long period of time. A robot can perform well in a bull market, but when the market phase changes to sideways or bearish, then the bot will simply start to drain and you will not have time to rebuild it. In my opinion, a bot can be an assistant, but you cannot completely delegate trade to it.