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Quote from: notMeNahh on October 03, 2024, 01:12:42 PM

Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.

Do you guys recommend I try it?

You can try it if you want, but don't expect too much about it especially if you aren't that knowledgeable enough when it comes to crypto trading.

Correct me if I'm wrong because I'm not using trading bots at all, but this bots need to be set by the person itself and if you don't know anything about trading, you might just end up losing money because of wrong parameters. It sounds like a good idea knowing that it's a bot and it automatically takes profit depending on the parameters that you set, but also take note that using a trading bot doesn't mean a guaranteed success or guaranteed profits. Maybe there's no hype around because it isn't that effective at all, or at least many expert traders aren't recommending others to use it.

For me, I would rather copytrade expert traders out there than using trading bots, or should I say I would rather trade myself than relying on bots.

It can be used as a side hustle, but not as the main profit made from the trading itself.
It's always better to do things yourself rather than putting hopes into something artificial Roll Eyes

Its not something a side hustle but rather its really a tool on which you could make use of specially when dealing up with automation of your trades, just like on what others been saying above
that it do really always get that wrong impressions or mindset towards these bots as if these are really that being used to generate out some easy profits towards trading on which this is really that very wrong.
You will be finding out its relevance on the moment that you've realize on whats really that its actual usage on which it will really be that understandable.
People do really that become that too delusional when it comes to various things but on the moment that you've been able to experience shit situations then this is where realization kicks in.

Bots are for automation and its not something that generate out some income or profits to those who do make out trades. It does bring out that convenience on the moment that you are out or not on your PC
on which it will really be that still that able to execute your trades without supervision on which this is really that a great thing to have or something twhich is really that relevant.
People do usually having those wrong perceptions on the moment or time that they are experiencing loses.