Stable or Flat?— Crypto Trading Bot Update June 6th, 2024
Maybe it’s both…..
Maybe it’s both…..
BTC seems relatively stable around 68–70k, which is surprising.
I was anticipating a fall back to $65k or lower.
ETH has held around $3700–3900.
As a result — in the last few days, I haven’t captured much profit, as my settings were widened quite a bit anticipating a dip.
Because that has not happened, I only captured about $150 with all three bots in the last four days.
BTC bot jumped out of range a few days ago, but then came back into range yesterday. I stopped it at $28 profit, just so I could squeeze the config a bit.
My BTC bot was set to 1.5% / 1.5% and 11 buys. So it only grabbed $28 in the last week. Oooof.
It is now set to 0.5% / 0.5% — and 7 buys.
I shrank the percentage, which should execute more sells, but I kept my total buys slightly higher than my usual hard squeeze, hopefully this will keep my bot in range better if we have a little dip this weekend.
Current BTC Bot config :
My ETH bot is still set to what I would consider a “normal average configuration”.
1% / 1% with 7 total buys.
Not squeezed, and not set super wide either.
These settings used to be the “default” bot settings before the AI Settings were released as the new auto-generated default.
Current ETH Bot config :
I am actually trying to ignore my bots for the most part — as summer has started and I am committed to being outdoors as much as possible.
I had my settings wider, then the market flattened, and when I got back into cell phone range I saw my bots had only made about $150 the few days.
It’s almost irresistible to TRY to get more profit, when I am available to babysit my bots.
However, I have plans again, so I will be adjusting my BTC bot again by the start of next week, regardless of how much profit squeezing has helped achieve.
Why?
The mountains are calling.
A wider spread may be less profitable, but it will have a better chance of keeping my bot in range while I am not checking in as often.
A day in the #botlife
Continue to the Next story in this series:
Full Position, Now I Wait— Crypto Trading Bot Update June 7th, 2024
Yay! This is what I always want to happen, but secretly always have a little apprehension.
If you wish to pick up from the beginning of my trading bot update story thread, it begins here :
My tradings bot update story series assumes you know some terms and have used trading bots before.
If you need to learn about bots in general and haven’t even gotten started, I put together a beginners guide, which I am in the process of turning into a book :
If you wish to learn more about my personal trading bot journey:
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifestyle w/ Chris Morton YouTube
#botlife #tradingbots #cryptotrader #bitcoinmarket #btc #ltc #doge #ethereum #tradingsignals