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Topic: What trading bots are you using to manage your portfolio? - page 2. (Read 260 times)

legendary
Activity: 3122
Merit: 1140
Basically, a bot can't work on its own, it has to be programmed to our liking. It means it repeats the actions that we have analyzed before. And I really felt it was unnecessary. You know, it only helps us a little bit, it's not a good way for us to make transactions. The market changes a lot and in a variety of ways, we should adapt and decide for ourselves, preferably in the ways that bots are available. Not a good trader, but I'm confident that I don't need to use bots to trade.
Most people do have these kind of perception towards trading bots which they do believe that these tools can generate money or profits for them and even thinking to be rich with it without even realizing that this is just for automation purposes and do still need user intervention on setting it up.
So in short, all actions will depend or vary on users knowledge and skills.If you arent that familiar enough then using this up would be useless.
I have tried to use bot ones but didnt tend to be dependent on it yet most of the times that crypto trading do emphasis more on adaptation on case to case basis from time to time which bots cant handle out.
copper member
Activity: 2170
Merit: 1822
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I use 3commas app to just view the movement of my portfolio value, the daily, weekly or monthly profits and losses i have made. I prefer doing the trades myself and not having to rely on a bot.
hero member
Activity: 1372
Merit: 783
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Basically, a bot can't work on its own, it has to be programmed to our liking. It means it repeats the actions that we have analyzed before. And I really felt it was unnecessary. You know, it only helps us a little bit, it's not a good way for us to make transactions. The market changes a lot and in a variety of ways, we should adapt and decide for ourselves, preferably in the ways that bots are available. Not a good trader, but I'm confident that I don't need to use bots to trade.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
OP is actually promoting his own blog traffic by posting here.

If you ask me, I manage my portfolio myself and I dont trust some line of code to run my money. Moreover there are risks associated with closed source bots, but open source ones are safer.

Just for those who are reading this topic, know that a bot only automates your trade. It does not give automatic profit. If you do TA on your own and Fundamental analysis, you should place trades yourself and that too with a long term goal. Day trading is never recommended which is what these bots mainly aim at.
sr. member
Activity: 1722
Merit: 261
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just because now is the digital era so to take care of our finances handed over by bots, I do not guarantee it will always be good, especially managing our finances in crypto or crypto currency portfolios that we have, I might be able to take care of other things using bots I think still maybe, but to take care of my money, I've never used bots, I still don't know if a lot of all bots produce big profits for their owners, it doesn't seem like much
sr. member
Activity: 1204
Merit: 270
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I didn't use any trading bots to manage my portfolio. Because I think it's best not to use bots for trading When using bots, they are often scammed. That is why you do not work with bots to manage your portfolio by manually researching and analyzing different places which will increase your knowledge and skills about trading.
full member
Activity: 546
Merit: 122
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I don't. I see no need to use bots in managing my portfolio when I myself can do it. I can make sure it's accurate and what I really wanted that way even. I had the idea of using one in the past, but then I thought of how I need to get used to doing my own, to managing my own portfolio so that I could learn things myself through out the entire way I am trading. Plus, I could react to unexpected changes and profit off of them, unlike in bots where I can only set a stop loss.
It's a good thing to learn by your own and I believe that trading bots doesn't suit to you very well because you still have time and effort to make your own trades  at your own. However as time goes by, you may find trading boring and you could be having a diffculty in terms of managing with your time at work, personal life, and trading. Thus, trading bots can be an option to get rid of this problem as it resolves a hussle way of doing trading.
hero member
Activity: 2702
Merit: 672
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I don't. I see no need to use bots in managing my portfolio when I myself can do it. I can make sure it's accurate and what I really wanted that way even. I had the idea of using one in the past, but then I thought of how I need to get used to doing my own, to managing my own portfolio so that I could learn things myself through out the entire way I am trading. Plus, I could react to unexpected changes and profit off of them, unlike in bots where I can only set a stop loss.
sr. member
Activity: 826
Merit: 252
I think manage portfolio can be done by you as trader, please don't use bot or other personal service. You should have control into your account ( asset ) and learn how to manage it from your own perspective. Trader need to raise their best skill and grow up follow the market. Fix the mistake, train your instinct and open your mindset to become wise trader that only can be reach by you not from using bot.
hero member
Activity: 2212
Merit: 805
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I'm not really using a trading bot at the moment  but I did use a few in the past. One of my personal favorite trading bots is Cornix Bot. It's a telegram based trading bot with tons of features like setting custom strategies. It also features auto trading. A feature that allows people to automatically make trades that 'PRO traders" make in real time without you doing anything. It's similar to etoro' s follow trader service. It's not my best feature though. I simply use it to automate some of my trading tasks like repeatedly setting stops loss.
newbie
Activity: 4
Merit: 0
member
Activity: 276
Merit: 48
Hi Everyone,

I wanted to start a thread on trading bots and which trading bots everyone is using to manage their portfolio. I wrote up an article to outline some of the details of trading bots. I would love to hear your thoughts and get feedback on what trading bots your using!

The Best Automated Crypto Trading Bots in the Market

Let me know if you have any questions about the article!
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