Topic: What are your opinions on trading bots? (Read 419 times)

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.

People use and even hype trading bots unless it skips your path, they will do that until it disciplines them...lol. Trading bots do not work eventually, but some would perform better. I've never seen an outstanding performance in the long run. I wonder why it now litters the crypto platforms now and exchanges would be marketing it as if it is the saviour of the trading world now. But I can't blame them, they want their platform to be more active and your losses are their gains.

Yes, for you to have the experience and decide for yourself.

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 

Copy trading is essentially a bot that would copy another person, however, never tried it.
Seen it on SOL memes, though 

I don't want to give you an answer whether it is recommended or not, but you have to think that using a robot in trading requires you to set prices and others for the purpose of making a profit.
If trading with the aim of making a profit can be done without using a robot, why not do it. Besides gaining experience and knowledge, trading without using a robot is much more enjoyable.
Now it is more popular with futures and copy trading.

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.

Actually depends on your needs or condition because there are certain traders who are really that having some other errands to run on a single or particular day on which simply means that you cant be on your computer or laptop all day. This is where these bots would really be that helpful or something significant on which on the moment that you would be setting out those commands then you are good to go.
You are able to set on what the bot must do when hitting up on a particular price whether selling out or making some entry. It will really be just that basing into the set pf commands on what you are putting into.
For those people who do have tons of time for them to be able to trade then i dont see that they will be needing up some bots but there is a particular time that you might be needing it.

Just like on what others been saying that usually people do have that wrong impressions or views towards bots on where they do believe that this could bring out some easy money into them but not really that
realistically thinking that it wasnt supposed to be on this kind of usage. Newbies will really be having that wrong perceptions towards it on which they do believe that it could bring or make money
on the moment that they will be using it but when reality slaps you into the face then this is where you do make out those realizations.

So far I have never been interested in using trading bots to carry out my trading plans, I have never even tried it. Some traders have relied on trading bots to automate their trading plans, but there are always people who only rely on themselves to do everything. I don't want to trade automatically, so I will take the time to trade when I see an opportunity to make a profit.

Meanwhile, traders who rely on trading bots may be able to gain profits with them. They tune it as best as they can according to their plan, but relying completely on bots to make money may not be the best decision in trading.

Actually it is really that an advantage or does bring out that great convenience yet this could really be able to automate on what you trying out to make the bot do when you are away from your own PC.
It is really just that there are really those people who do really believe that trading bots does have that other functionalities and the worst is that there were individuals who do really believe that trading bots are things that could actually make them money on which this is really that a BS idea to have. One of them main reasons on why they do really end up on getting busted just because of those kind of wrong hopes due to wrong informations or lack of experience on a certain thing. On the moment that they do able to make those actual experience then this is where they do make out adjustments accordingly.

It is really just that too wrong that you would be thinking that trading bots could generate out easy profits into someone on the moment that they will make use of it on which its really that something laughable kind of approach. ahahahahha

Trading bots have its certain advantages that can help us analyze the market well and interpret its details, thus making our trades easier, but we can never completely rely on it when it comes to trading profits and sustainability. It's still best to prefer manual trading, since you can assure whenever flexibility is needed highly, although emotions are also at stake.

Bots would perform on what are the settings that had been used or been set so therefore it would really be always necessary that you should really be that knowledgeable into the things on what you are really that dealing into. The most common misconception about trading bots specially newbies on which they do really believe that it is really that something that could give out that sure money or profits.

Trading bots are useful on the moment that you arent that on the front of your computer on which this would really be making things lot more comfortable. If you are someone who do have
those kind of hopes that it could make sure money then you are definitely wrong with that. Market volatility will really fucked up you hard and made out those kind of realizations on things.

Make use of it according into the real usage of it. Dont tend to have that kind of wrong assumptions about bots because it will really be always basing up into the commands or setting that you had put on.
Dont make yourself having that kind belief that it will really be doing some magic. 

You are probably not aware of this but bots are not supposed to increase your profitability as a trader they are to automate the process for you and they work according to the settings you set for them, they don't do things themselves because they are bots, they need instructions to work. A bot will buy or sell certain assets with specific amounts and all these metrics are set by its users. So if you are using a trading bot, you set everything up, and then you run it, and it will process the things when you are not available which makes it possible for you to make certain trading moves even if you are busy yourself.

I'm not a big fan of bots, honestly. I do find them useful in some instances such as in times when a new token or coin is getting listed, a bot can execute trades faster than a human, so it can be useful in making an entry and exit very quickly and giving you some profits in the initial pump-and-dump sessions of newly listed cryptocurrencies in centralized exchanges.

There is something I.wamt you go know about Trading bots, they are programs that behave when they see the properties they are programmed to do especially when they signal things about the market, they know when it's right to buy and when to sell but generally, trading bots are very profitable only in bull run as the market tends to to be bullish only that time, you will make loss or nothing in bear market if you try it out.

My advice is, if you don't have time for trading, don't waste your time using it because if in deed it's profitable and can prints money for traders, a lot of people will be using it but just less people used it and they are not that profitable when compare to when you do the trading on your own. If you don't have the team, kindly buy a coin and hold, it will benefit you than when your trading and the bot is chopping off your trading capital.

The "idea" of a trading bot is awesome, I understand why people would fall for them and want to spend money on them. After all, you just buy a bot, and tell it to make you profit, you sleep all day and watch Netflix and eat good food and come back home and you are richer. But unfortunately that idea is a lie, most bots can't make you money at all, and the very few that works well, do not make money at all times, only make money during bull periods.

This is why you should stay away from them as much as possible and not buy them. I can see a few that has potential, but none of them worths their money at all and you should learn to trade yourself. It doesn't matter if we are talking about a bot, or a mentor or a copy trading, whatever you want, always prefer yourself.

If you can use them and implement them in your strategy why not? And there's no reason to hype it up, it's been there for so long and people who know about it, know about it. They make trading easier (trading, not making profit) and give access to quite a few automations that make it easier in general for them. I've tried them before and they're definitely helpful.

And at the same time pretty sure a trader can still be one even without it. After all at the end of the day, a tool is just that, a tool. Something that helps, not something that guarantees. 

Very correct and in addition, beginners should reduced trading with bot sometimes it's not good, it always good to have good knowledge about trading before trying to use bot to enhance their trading. Just as you already said to make it less hassle free and shouldn't be regarded as source of generating money when the real knowledge is not gained from the onset, since most newbie traders think is the path way to a successful trading.

Just like your cell phone makes things easier for you and you don't have to do things by yourself is how trading bots are made to take smart and fast decisions for you even when youa re not active in the market, becasue you are a human who could get tired and the market does not wait for anybody. To cover for that gap, you can ue trsading bots creadted to be programmed to react in certain ways. You can look into it to see how it works. But to be sfe you might want to just do it with the rewarding ones, llike the Trading Bot carnival on Bitget and you will see how trading bot works with EIGEN, CATI, TON and the llikes.

If anyone is a trader and does not use a trading bot by now, they are like traders living in the past when things are yet to advance, that 's how it sounds like for someone not to be using it by now, so you don't have to shy away from it.

Market has patterns and fractals but most of them don't work 100%. If you see a pattern, a fractal, market makers see it too and they are people who set up these patterns and fractals. Now, think of reasons why they set it up for you? Do they set it up for bringing profit to you?

It's certainly they don't do these things for your profit, but for their profit, and think more about the zero-sum market. If they, as market makers, get profit, you will be losers to pay for their gains.

Market has uncertain times so bots can not save you if you don't turn off your bot before these risky time. When you see risk, turn off your bot, and if you can do this, you can get profit with your trading bot operation.

The good and experienced traders do not hype it up because they exactly know what it is that is there when you start depending on trading bots for trading. I strongly believe that as a good trader if you are able to develop a pattern that works for you and only trade when you are available you would not be needing a robot to assist you in trading. Using bots also to trade does not also guarantee a good result because bots are unable to develop themselves by themselves and still require human input to adjust themselves to market conditions. If you do not have good knowledge of the market, you will not still be successful using a bots.

It is legitimate when someone wants to use a trading bot, because by using a trading bot they can automate their trading and execute orders without their intervention. However, this should only be used by traders who already understand trading, for people who still do not understand trading they should avoid using trading bots, because trading bots are designed using programming codes and according to the strategy of the maker, if they do not understand the strategy of the trading bot, then they can be fooled very easily.