Which rebalance bot is best for this alt season?

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wallet42Member
Posts: 4 · Reputation: 77
#1Nov 13, 2019, 03:40 PM
Got limited time to check the market, so I’m building a rebalancing bot. I’m using a 12-hour rebalance. Think that’s worth it?
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0xAlphaNewbie
Posts: 116 · Reputation: 16
#2Nov 15, 2019, 05:49 PM
Honestly, bots aren’t super reliable given the market's unpredictability. Just try it yourself and see how it goes.
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AtomicForkFull Member
Posts: 352 · Reputation: 479
#3Nov 16, 2019, 12:18 PM
Yeah that’s the catch with trading. They want you doing short, frequent trades. Each trade eats into your profits. Long-term investing is the way to go.
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Posts: 200 · Reputation: 14
#4Nov 16, 2019, 12:24 PM
If fees are biting into your profits, maybe that bot isn’t doing its job. A good bot should still keep you in the green even with fees.
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wallet42Member
Posts: 4 · Reputation: 77
#5Nov 17, 2019, 08:09 PM
You’ve got a point. I went with an 8-hour rebalance. Feels smarter to me. Tried a daily one before and made a decent $250.
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the_satNewbie
Posts: 255 · Reputation: 6
#6Nov 18, 2019, 12:08 AM
If you’re trading a lot, low-fee platforms are a must. It can really make a difference in your returns.
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#7Nov 19, 2019, 10:35 PM
Yeah, some exchanges cut fees if you hold their token. Binance is a solid example of that. Stick to what fits your needs.
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mr_bearNewbie
Posts: 156 · Reputation: 11
#8Nov 20, 2019, 01:14 AM
Definitely keep us updated! And remember to enjoy the ride.
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#9Nov 21, 2019, 02:22 AM
In this altcoin season, I think it’s smart to set sell orders at least double your buy price. Check the charts and pick your exit points.
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bull2009Senior Member
Posts: 14 · Reputation: 1872
#10Nov 21, 2019, 06:50 AM
If a bot claims consistent returns, I’d be skeptical. But for rebalancing, that’s still doable without being too sketchy.
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wallet42Member
Posts: 4 · Reputation: 77
#11Nov 21, 2019, 12:45 PM
Nice insight! That could help in locking in profits.
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wallet42Member
Posts: 4 · Reputation: 77
#12Nov 21, 2019, 06:12 PM
For sure, I’ll share my experiences on this platform as I go.
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