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?
Which rebalance bot is best for this alt season?
11 replies 102 views
Honestly, bots aren’t super reliable given the market's unpredictability. Just try it yourself and see how it goes.
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.
real_protoNewbie
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.
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.
If you’re trading a lot, low-fee platforms are a must. It can really make a difference in your returns.
swiftorbitNewbie
Posts: 66 · Reputation: 39
#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.
Definitely keep us updated! And remember to enjoy the ride.
sigma_minerNewbie
Posts: 95 · Reputation: 8
#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.
If a bot claims consistent returns, I’d be skeptical. But for rebalancing, that’s still doable without being too sketchy.
Nice insight! That could help in locking in profits.
For sure, I’ll share my experiences on this platform as I go.
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