Money button.
Hello crypto addicts, most of you came and continue to come into cryptocurrency thinking that crypto is trading. I do not support speculation; I prefer the safe world of DeFi. However, I also indulge in it to this day. Just like you, I came in and lost my hard-earned money on futures without understanding anything about it. I am sure that those of you who play roulette on futures have no idea that you can actually make serious money in spot trading (put a + in the comments if you recognize yourself). Of course, there is no money button; it simply does not exist, and for profitable spot trading, you need funds, not just 10 bucks or 100, even 1000 is not enough, although I did make 100% in a month of trading with 1000 dollars. But don't think that I am some kind of trading guru or super trader; I have basic knowledge and have always considered trading to be foolishness. I trust trading to bots.
Golden mean.
A long time ago, I learned a trading rule: 'averaging.' The essence is that you constantly buy, regardless of whether Bitcoin costs, for example, 100k or 120k or maybe tomorrow it will be worth 60 or 40; the main thing is to buy systematically. In the end, your average price will be 80k. This is how grid bots work; all you need to do is wait for the price to exceed the average. And the main thing is that you don't have to do anything; it works by itself, taking all the psychological pressure on itself. You earn passively, only occasionally glancing at your phone to check your balance, although who am I kidding, at first, you will check every minute.
What is better?
There are currently a huge number of different bots, paid, free, grid, DCA, and even with AI. Each exchange has free bots, both for futures and spot trading. Personally, I use paid ones. They have more functionality and a better interface, which makes them more convenient to set up. Such bots connect via API keys and manage your assets. Their cost is on average 50-60 dollars per month. Free ones are also good to use, especially for beginners, but personally, I don't like them; I get confused with them, and I need to visually see the state of my positions. So here it's a matter of personal choice. However, to set them up, you need to understand them a little, and this is where we can smoothly transition to the nuances.
Pitfalls.
The main challenge awaits you when choosing a currency pair; here, everyone chooses based on their experience. I always choose BTC or ETH as the first coin, and then those projects I know about. For example, I am an active user of the Aave lending market protocol, and therefore I was sure about this project long before its growth. That's why I opened a bot for the pair BTC/AAVE. Then you need to set up the grid. This is a separate topic; there are a huge number of lessons on YouTube. Maybe I will record how I set it up someday. Then there's the market mood; right now, the mood is favorable as the entire market is rising, and almost all projects are shooting up. However, you must understand that a dump must happen at some point, as the market is fractal. If your positions start to fall sharply, you risk going beyond the grids of the trading bot, and it simply won't trade until the price comes back into its range. I have reserve funds to survive any dump, and earlier I used mining for these purposes, which brought me a certain amount of Bitcoin every month, and if the bot went beyond the boundaries, I just added BTC, and the bot continued to work. The best time is when the market is bearish; then you are at a conditional bottom from which it is a pleasure to rise. When BTC was bouncing in the price range from 15k to 30k and back, everyone had already buried it (as they did last time), but I sat and waited. Almost all my positions went beyond trading ranges, meaning the money ran out. What now? Now I closed all positions with a huge profit when Bitcoin broke through 100k.
Experiment.
Even before I closed all positions, that is, about a little more than 3 months ago, I started conducting experiments. The results were amazing both on futures and on spot (there will be more about futures in the next article). So, 3 months ago, I deposited about 7K bucks onto the exchange; now the balance is 16K, and all this is thanks to trading bots. This experiment will last until the bear market or crypto winter, as it is also fashionably called. I can already foresee the comments from the smartest critics and lovers of voicing their weighty opinions; this is not a democracy here, so don't expect respect. Those who want to will learn from my lessons and experience.
Advice.
Always remember to trade and accumulate BTC and ETH. If you decide to enter now, be more careful or keep USDT-USDC in reserve for a strong drop. The best time is when the market is low, approximately when BTC costs 60K. Choose only those coins that you know something about, and good luck to you.
The next article will be even more interesting because it is about your favorite futures, specifically trading short on scam projects using bots. Subscribe, comment, and share; it will get more interesting. Wishing everyone good health.