Tip for Binance Traders (will also work other exchanges using something similar to BNB).
Having to buy BNB every day or every other day is too reminiscent to grocery shopping for me.
You know how it is, go grocery shopping on Tuesday, the wife's favorite flavor of the week is on sale, you should get 30 but you only want to spend for 6. You get home to find out she has plans for 10, the next day you head out for the store, the sale is gone but now they are 20% more expensive than they were originally. Exasperation!
I feel the same way trying to keep BNB in stock, but for weeks on end.
Here is what I did to solve/resolve the problem. I trade with a set amount. Calculated the set amount x 5 and put in a low bid for BNB (you aren't paying market rate are you?
). Then added 6 BNB pair (while I waited for the bid to come in), some may get away with 3 pair and some may need as many as 8 pair depending on your leverage. So now in addition to all the BTC pair and the token USDT pair, I now have the potential for having 5 BNB pair bringing home the bacon to feed my greedy trading.
As for the 6th BNB pair, because margin's Bollinger Bands bot does spot buys, typically I will run with 20-40% more bots than I can actually afford and yes, sometimes they stop or under buy because of lack of funds, but not very often.
There are so many tricks and tips to bot trading at this moment I feel like a n00b because it took me so long to wake up to just allow the bot to get the best price and get a little profit in process.
I am having a good day and I hope you are too!