Edging Hard — ETH Trading Bot Update June 23, 2024
Full Position? Nope, Sell? Also Nope. Maybe….Monday?
Full Position? Nope, Sell? Also Nope. Maybe….Monday?
I’ve been watching ETH price bounce around $3500 and $3510 most of the weekend. ETH made it to $3520 or so, within $30 of a sell for my bot, then fell back to where it is.
The bot was in the green into $102 or so, and I should have closed out and restarted.
I am now hoping that since we are back down to $3475, we will ride back down to $3430 and max out my position, then fingers crossed for at least a 1% increase to hit $140 or so profit capture while I’m not looking, but this time I will stop the bot before the sell happens if I have to, taking anything over $100 if I see it.
This is what happens when I don’t follow my “See 100, take 100 Rule”. I am slowly coming around to discipline, because according to my notes — this happens almost every time I buck the rule.
Yeah, it’s great when the bot can can hit out-of-the-ballpark profits like $600+ in a day or two, but when I have those knockout results it’s not because I bucked my rule, it’s usually because my squeezed settings have just happened to align with the price trend and by the time I even notice, the profit it is what it is.
Anything over $300 in the green, and I have not hesitated to stop, capture profit, and start again.
The bot is now one buy away from maxing out my investment:
^ Here I sit, edging hard.
Have a Great Rest of the Weekend Everybody!
#Botlife
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Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
If you are new to my bot update thread and wish to start from the beginning, you can pick up on the thread starting here :
If you are new to trading bots in general and aren’t familiar with some of my terms, I have an index of terms I made in my Beginners Guide to Crypto Trading Bots, found here:
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