I decided to test trading bots and copy trading. For the purity of the experiment, I did this on 2 different exchanges. I took 2 positions on both. Naturally, I set a Stop-loss at 10% everywhere. I do love to take risks, but not with the entire deposit. 😊
Results:
A week has passed, the bots hit the stop-loss completely in the negative. Copy trading is trading with little to no profit. The problem with the bots is clear, they work in a more or less stable market, and right now, crypto is jumping around like a monkey in a zoo. You also need to choose trading pairs wisely. And you have to constantly monitor and adjust them.
However, copy trading has disappointed me. I thought it would be more fun. I entrusted my money to an experienced trader, thinking he would earn all the wealth for me.
Have you tried copy trading or/and trading bots? Share your experience.
