Thoughts on trading bots?

[Irregardless]

I've been looking into crytpo trading bots and the potentially trying some out as a way to diversify my investments/learn a bit about investing and was just wondering if anybody has any experience using them? I'm not expecting some unrealistic shit like 30% gains, but more so wondering if I'll get an average 5-6% return with the potential for more.

Does anybody have any experience with these?

 

[I hate women (like you)]

nigga if you want 'an average 5-6% return' then buy an index fund; crypto is speculation i.e. gambling i.e. there are no 'average returns'

 

[COME ON OUT YOU RAPIST]

You won't learn anything if a bot is the one making all of your moves. But crypto is a giant meme, a casinos for zoomers and a zero-sum game concentrated in wash trading among very few hands, so I would argue there's nothing to learn in the first place.

 

[Tar&FeatherFurrys]

https://youtu.be/ikF_4Q6YU1U

Someone say gamba sesh?

 

[VargReallyDidNothingWrong]

I've been looking into crytpo trading bots and the potentially trying some out as a way to diversify my investments/learn a bit about investing and was just wondering if anybody has any experience using them?

Whenever I see people talk about this shit I'm always mindfreaked by how people genuinely believe there is some automated bot that can trade crypto for them and generate profit out of thin air.

Where do you think that profit comes from? And if you think a bot like this exists why wouldn't literally every entity involved in crypto be using them? And if they are, then where does the profit come from?

Stop looking for a free lunch.

 

[Urotsuki]

I don't see any reason to be messing with bots in crypto. More than likely you'll just get rekt at some point, likely early on. You're probably better off waiting for a sharp drop, buying, and ignoring it for a year or two and hope it comes back up.

 

[Stalker]

Study technical analysis and trade manually until you become an expert. Also study computer science and programming to such a degree that you are able to design from scratch a program that solves the problems you expect to encounter. All of that is to say if you are here asking these kinds of questions, it probably isn't for you. It is difficult enough to be a profitable trader, it is an entirely different challenge to make a computer do it all for you.

 

[Idiotron]

Just buy shares of stable companies like a normal person, don't deal in internet coins like a retard.
What do you own when you buy crypto? Nothing.
Some asshole can make a post on Twitter and suddenly, your precious Dogecoins are worth zero.
Traditional shares aren't 100% safe but Nestle or Pfizer won't drop in price significantly just because someone said something on social media.

 

[Margo Martindale]

Study technical analysis and trade

Any recommendations for books and videos on these subjects?

 

[Stalker]

Any recommendations for books and videos on these subjects?

I haven't read these books myself, but I respect The Math Sorcerer. He's a pretty cool dude from what I have seen from him. This video of his may be useful: https://youtu.be/zFBO-Eq_jQE?si=r7E5yxGeNztsQTwc

 

[Dagoth AMOGUS]

Whatever happened to just plain old hard work? Why did we all become Jews selling fake shit with fake money

 

[biznbuy]

Whatever happened to just plain old hard work? Why did we all become Jews selling fake shit with fake money

Well to add to the fake selling and buying, I did think about selling contracts against the S&P. There aren't a lot of good choices other than IBKR it seems.

 

[biznbuy]

I've tried trade station is had a good api, webull api isn't available for Americans apparently, the one i've looked at more is IBKR.

I haven't gambled much, mostly have 90+ of liquid assets are index/stocks.

nigga if you want 'an average 5-6% return' then buy an index fund; crypto is speculation i.e. gambling i.e. there are no 'average returns'

Just do this if you want money, if you have money and want to experiment with the understanding you can lose it all, then join the casino.

Experimenting is fine but hope you don't think its a easy money machine, trade station and ibkr have paper trading which lets you simulate trades against the live market.

 

[t28ai875]

I highly recommend FreqAI for this purpose. It is self-hosted and gives you total control over your assets and how they get traded. My main issue with a lot of trading bot services is they rely on proprietary AI and subscriptions and they don't even get you much gain in net profit considering the subscription prices, so this is relatively risk-free, and it also has a stoploss feature so that if it starts losing any profit from trading, it can pull your money out of whatever trade strategy it was using, keeping losses to a minimum if you run into that kind of situation.

 

[JohnnyG]

If someone could sell you a bot that could reliably beat the market and make money, why wouldn't they just use it themselves?

Why wouldn't they sell it to (or go work for) one of the multi-billion dollar trading shops that pays people full time to develop such algorithms, while co-locating their servers as physically possible to every exchange to get the signal microseconds ahead of the competition?

 

[Guns of the Gaytriots]

Does anybody have any experience with these?

I know a guy.