Full Position, Now I Wait— Crypto Trading Bot Update June 7th, 2024
Yay!
Yay!
This is what I always want to happen, but secretly always have a little apprehension.
I woke up, my bots were both in the green. Then it seems like I looked up, and looked back down, and they were both in the red, having invested my full balance.
That was fast.
That happens sometimes.
The market can swing fast.
I kind of expected a little dip going into the weekend and now my bots are both at full position, and I am hoping for an upward trend to occur.
We shall see.
I am waiting and hoping for an uptick before the end of the day, and hopefully not making me wait until next week.
This wouldn’t have happened if I didn’t squeeze my spread slightly, which either means I will make more money if the market is volatile in a good way, or I might be perched on the edge of another dip that leaves my bots inactive, unless I decide to stop at a loss and restart them.
A wider spread would have avoided this, but maybe missed out on an opportunity to max out, which means when it swings up by 1% above my last buy again, I capture $120+.
So far, the past few months are showing strong support for 60k-70k range, but will will continue to push upward with all the ETF inflow happening?
Time will tell.
Ballad of the #botlife
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Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
#botlife #tradingbots #position #stoploss #trading #automation #bitcoin #unconventionalincome