In and Out — Crypto Trading Bot Update May 24–2024
My bots are alternating lately….
My bots are alternating lately….
Hello Everyone!
It’s been a while since I posted a trading bot update.
My bots have been plugging along capturing money for me, as usual.
Thanks to my bots and other automations for my primary business, all my bills were paid while I took care of one of my fur babies during her last weeks.
Unfortunately she has passed away, and I’ve been in a funk allowing myself to grieve without distraction.
I put all my attention on her and stopped creating content for a bit.
Now I’m back online and plotting my summer, and I wanted to chime in and show my results for my bots while I was inactive.
Here are some of my results for April — Today:
You might notice — this is mostly BTC bot screenshots, and then it flips to ETH.
Lately — my bots are alternating.
Mostly a matter of pure chance and market whim, BTC and ETH seem to be moving somewhat independently of each other in the last few weeks.
Maybe related to SPOT ETH ETFs? No idea.
When one bot is in range and active, the other falls out.
I have been a bit more passive in my approach, keeping a wider spread, and not paying much attention other than to close and restart the bot when I see I have $100+, and sometimes I have closed out when I had less.
As you can see above, I stopped the bot a few times when I only had about $50–70 profit, and this happened because I got a stream of notifications about futures, so I decided to close out as a way to keep my bot in range.
Crypto Whale Watching; Trading Signals — Futures Price Notifications
A curious phenomena I’ve noticed….medium.com
Today, my ETH and LTC bots are still active, but my BTC bot is in the crapper, and I’m waiting a day or so to decide if I want to close at such a steep loss and restart my BTC bot.
Right now, I am debating if I want to close the bot this far in the red, or just wait it out.
I had squeezed the spread on my BTC bot to try to capture on the flatness of last week, and I was able to capture about $50, then BTC dipped out of range and seems to be staying there.
It’s been 3 days now that I’ve been in the red, and if we keep sliding down, I am tempted to just let it ride and wait it out.
The only reason — I have summer plans, and won’t be able to play Mr. Semi Automated Day Trader, so I’ll accept possibly earning less, in favor of having fun while I’m on the run.
I’m using my “set it and forget it” settings for my ETH bot, so it should stay active up to a 15% dip, while I am also fairly certain that BTC will pick back up and push upward. The market trend this year shows support for the current price level, which is very promising.
Beginner’s Guide to Crypto Trading Bots—Part 10 — ”Set it and Forget It” vs “Semi Automated”
What’s the difference?medium.com
That’s all for today!
Continue to the next story in this series :
Entering the Martingale Achilles Zone — Crypto Trading Bot Update May 29th, 2024
Bearish movement is not ideal for these bots, but it’s still workable!
Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
If you want to pick up this story thread from the beginning and read my BTC bot updates like a journal to help you learn what I’m doing, start here! >>>
My YouTube channel where I teach automations and such:
Automated Income Lifesyle w/ Chris Morton YouTube
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