There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?
It will enhance your knowledge to adopt what the market trends is bringing the situation, trading manually gives us the chance to change our position when market is not moving according to our expectations. Whenever there's a change directions, we can deal with it in the rightful manner, from that point you will be able to create backup plans and new strategy once the first one didn't materialize. 
Topic: How do you trade? At the exchange? Platform? Bots? - page 3. (Read 859 times)
There certainly seems to be a majority here trading manually... I'm struggling to understand the argument saying that by trading manually you get to hone your skills... How exactly does that work for you? How does logging in to the exchange and placing an order by filling out a form and clicking submit hone your skills?
Like majority of this poll's votes, I too trade manually and do my own research. It hasn't been spectacular and I haven't won enough to change my life, but it's still better than letting money sleep in the bank.
As a suggestion, i'd be very wary of trading bots and avoid them like the plague tho. Don't fall for the trick because most of the time they are sleeper scams or not very profitable, in reality.
As a suggestion, i'd be very wary of trading bots and avoid them like the plague tho. Don't fall for the trick because most of the time they are sleeper scams or not very profitable, in reality.
As for me, I only trade when absolutely necessary. This mainly happens when I need to exchange bitcoin for another coin, if my client or friend asked for a lightcoin, for example, then I go to the exchange (most often binance) and perform simple exchange manipulations.
Yes, I trade on my own placing orders directly at the exchange, manually.
Been doing that since 2018. 2019 was a much better year than 2018 in regards to the amount of success i had at trading manually
Been doing that since 2018. 2019 was a much better year than 2018 in regards to the amount of success i had at trading manually
Manual trading could be seem as it is for more control. But, remember, there are many indicators and fundamental news that we should check everytime. This doesn't seem possible with manual trading. For example, you can't make trade if you are sleeping, but, what if there is a good opportunity when you are sleeping? You could arrange your bot according to the coming data and get that opportunity. These fundamental and technical news are rare. Another example, you may not want to miss a below 15 RSI while you are sleeping
Yeah, there are some benefits by using bots and trade manually by yourself. The majority of cases, people who trade manually lost the chance to buy or sell at the best price.
The main reasons for newbies not using bots because they don't know how to use it, not an active trader, can't find the technical analysis data of trading, or simply do not trust the bot to execute the trade. I just put an order if there is a chance to buy or sell, which not everyday will appear, short-term trader waiting for few hundreds or thousands of dolllars increase or decrease in price.
I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots
doing experiments like that would be very useful because when you do both in different ways it will produce a result that might be more profitable when you do it well, after all, if we are able to do many ways in trading then it will make knowledge and experience we are increasing rapidly. but for me personally, i prefer to do it manually because I just don't want to force myself in trouble because the most important thing is that when we do it comfortably we will be better at controlling ourselves in trading
Manual trading could be seem as it is for more control. But, remember, there are many indicators and fundamental news that we should check everytime. This doesn't seem possible with manual trading. For example, you can't make trade if you are sleeping, but, what if there is a good opportunity when you are sleeping? You could arrange your bot according to the coming data and get that opportunity. These fundamental and technical news are rare. Another example, you may not want to miss a below 15 RSI while you are sleeping
I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots
doing experiments like that would be very useful because when you do both in different ways it will produce a result that might be more profitable when you do it well, after all, if we are able to do many ways in trading then it will make knowledge and experience we are increasing rapidly. but for me personally, i prefer to do it manually because I just don't want to force myself in trouble because the most important thing is that when we do it comfortably we will be better at controlling ourselves in trading
I trade on my own, manually. I look after the coin price, I put buy order and I do sell. To me, this is the best way of trading and I believe most of the traders do the same as the poll result already showing it. Because U can't rely on a bot in trading. Through Bot or platform trading, sometimes you can get profit but you shouldn't rely on it.
I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots
Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.
That is true mate... no more free play in the sandbox of crypto-trading... I figured that myself sometime ago, and eventually made the switch to incorporate automation in my game... It's not that hard these days... there's a few good platforms out there...
Yeah, I know but where's the fun when bots are fighting battles for you. Soon we may reach a situation when market becomes too perfect that everyone is buying at same price which is slightly less than selling price and everyone is selling at same price which is slightly more than buying price and no trade is taking place in the market because it is impossible to execute the order since no buyer and seller coming to consensus at any price in between.
This may sound funny and impossible at the moment but believe me, this is what bots do to you.
Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.
That is true mate... no more free play in the sandbox of crypto-trading... I figured that myself sometime ago, and eventually made the switch to incorporate automation in my game... It's not that hard these days... there's a few good platforms out there...
Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!
I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.
A must read article in Hackernoon for traders who are still not convinced about the benefits of assisting your trading with some form of automation: https://hackernoon.com/switching-from-manual-to-automated-crypto-trading-874gw2cji
I do a little bit of everything. I hold the majority of my coins in a cold wallet and I only use that wallet a few times a year, while I trade manually on leveraged sites like Bitmex with a small percentage of my funds and using bots that I've manually tweaked and continue to tweak pretty often. I'm pretty active on Bitmex and they offer TradingView integration with their site, which is nice, but I still do most of my analysis and charting directly on TradingView because it's just much more convenient than working with a small window in a browser. I've never personally coded a bot myself, but I've made plenty of strategies that are mostly nonviable with a few great exceptions.
Regarding cryptocurrency trading strategies, it’s difficult to say something unambiguous. Each trader has his own concept of proper trading. Although, today, margin trading is very popular. However, you will not understand what is better until you try everything. For instance, although I prefer to trade doing everything myself, bots help in these activities, too. Revenuebot is very interesting.
For those people who do have wrong beliefs on these bots will really test out if these bots are working or do make money without doing anything
and then suddenly they realize that they hope on the wrong thing.On next time, they aren't that dumb since they do know on how these bots works.
Manual trading is always been best.
Im using kucoin and doing day trading manualy no bots or any program, im always investing in coins that get listed somewhere or have good news!
I make my trading orders directly on the newscrypto.io platform where I have everything else to work with. I like how I can open just one page and have all the analysis, charts, news, and additional help tools while also an option to trade. It's just so fast and convenient.
Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds.
Some people believe specially newbie ones do look into these bots to be a money making machine without even knowing that these are created for automation of trades so it means settings will depend on you as a trader.Ive been using bots when im away from my pc but most of the time ive been doing manual.Yes, its hard to combat emotion but there are lots of things that differs actual trading than to have an automated one.Problem with other bot sellers are they only tell them the positive side of having a bot, but not the negative side which is its not a wonder bot that will find the coin for you to trade, no its not. You still need to find the right coin and set the buy or sell settings.
It particular reason why people mostly used bots in trading is just that they wanted to see their trading 24/7 which unlikely we can't do it without this tool. But not really it gives me a reason to think that it is much better than we do it manually. I'm in trading but not particularly be using bots, may I have a plan but much preferred to do it in my own strategy.
Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds.It particular reason why people mostly used bots in trading is just that they wanted to see their trading 24/7 which unlikely we can't do it without this tool. But not really it gives me a reason to think that it is much better than we do it manually. I'm in trading but not particularly be using bots, may I have a plan but much preferred to do it in my own strategy.
Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds. Jump to: