Do you use a trading Bot? - page 10.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: perla on February 15, 2020, 12:05:03 PM

Quote from: coincodecap.com on February 15, 2020, 03:17:41 AM

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

I am manual trader because i can't get good setting for bot, my friend said that "you must create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

Did you have a circumstances where you're busy at work, doing your profession and you don't have time doing trading? It is hard to trade and at the same time working with your profession, that's why some people prefer to use trading bot and their feedback about using it is always good. Although it is hard to manipulate your account without bot, trading bot is always there and willing to help you anytime you want to trade, no matter what ot when. If you're busy, just use trading bot and input the strategies you want so you don't encounter any hard time using it.

perla

hero member

Activity: 1932

Merit: 504

Quote from: coincodecap.com on February 15, 2020, 03:17:41 AM

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

I am manual trader because i can't get good setting for bot, my friend said that "you must create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

CryptopreneurBrainboss

legendary

Activity: 2380

Merit: 4265

eXch.cx - Automatic crypto Swap Exchange.

As a newbie, it's highly discourage, trading isn't that hard as people make it look. Basically all you're doing involves buying a coin at price A and later selling that coin at price B, how hard can that be?. Where you might encounter some difficulties is in predicting when is best to buy and when it's best to sell and that's when educating & equipping yourself with the necessary skills and information to predict the market comes in handy.

Relying on bots isn't any different from giving your funds to some random stranger on the web to trade for you just because few testimony has shown engaging yourself with such trader (and in this case, BOT) has been successful. The risk (disadvantage) is much more than the advantage of patronizing them.

Like others have said, learn the process, it's more enjoyable and beneficiary than patronizing any bots. Personally, I haven't traded with any bot although I'm not saying they're totally wrong or scam but majority are since the space is unregulated.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Trading bots tend to disappoint in the long rum. It's like gambling for the most part. They can provide a small prpfit or a huge loss. They don't really have a proven predictive ability. Most just provide the toolset needed for users to develop their own 'config', which is just another way of saying "you pay us so you can get the liability while losing money".

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Quote from: el kaka22 on February 15, 2020, 04:17:31 AM

Quote from: coincodecap.com on February 15, 2020, 03:17:41 AM

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least.

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

The conclusions make a good point, I am considering a bot use and looking success rate references

Though the door is not yet closed, I'll just stick for manual trading for the meantime

Agree on the easy money dreams, get your hands dirty instead

GreatArkansas

legendary

Activity: 2338

Merit: 1354

Quote from: Kurokonobasuke on February 15, 2020, 04:26:21 AM

It is not good when we use a trading bot because we don't monitor it.
(...)

That is one of the main purposes of trading bot.
But there are also some disadvantages of using trading bots, just like you really don't know why bot is executing those trades unless you set some methods for your bot, I already saw some bot like that.
And if you are a newbie just what you said, it's really not advisable to use trading bots just what you said, learn first how to trade before using those.

Kurokonobasuke

full member

Activity: 546

Merit: 122

★777Coin.com★ Fun BTC Casino!

It is not good when we use a trading bot because we don't monitor it.

As a newbie in trading. No, I didn't want to use any bot's especially in trading because for me being a good trader doesn't use any bot or any kind of fraud to surpass others and earned more money in trading. So that I didn't want to use a bot, I want to use my own brain and some techniques that I know and will help me to earned in trading.
Using trading bot is not a quite sure that it wouldn't have any errors instead of doing a manual trading and maybe results to loss of money if it encounter an error while trading.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: coincodecap.com on February 15, 2020, 03:17:41 AM

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least.

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

Jating

hero member

Activity: 2842

Merit: 772

No, I haven't used trading bot, it's not that I don't want to, but I still prefer the old and traditional way.

Besides, I understand that if order for someone to really take advantage of a bit, you should be at least an intermediate in trading. Because there are a lot of settings and parameters in a bot, if you are newbie you might get confused. And instead of making money, you will loss it because of bad settings, just saying.

But I'm sure there are plenty of us here who uses bot, and there are different bots around so it will be hard to let us know what strategy they are using.

coincodecap.com

newbie

Activity: 3

Merit: 0

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

Topic: Do you use a trading Bot? - page 10. (Read 1507 times)