The (very wrong) way I use rebalancing bot to make money!
I am a bad trader
Actually I am a terrible trader!
It's not that I don't have my moments or that I am particularly blind to market movements. My issue is a different animal.
Being a crypto environment admirer I love the potential, the technology, the philosophy and ultimately the ingenious ideas. The problem is that I was unable to focus my portfolio. This was not an investment...it was a coin collection and I was a great collector!
The issue is that by diversifying that much you can never achieve profit. 3 correct moves are being nullified by a single mistake. Make a second and you lose.
And then gods had mercy on me and sent Binance the idea for the "Rebalancing Bot". Suddenly I could take a tool, use it in the most incorrect way and still win!
The principle is simple...
Take 9 coins you like the most, believe in potential, their tech, the name, whatever.
Add $USDT to act as your safety pot.
Now make the auto rebalancing almost impossible for the bot with a coin ratio of 30% or 50%.
Now challenge yourself to trade only on those 9+1 coin and take advantage of their volatility.
And that was it for me. I suddenly could focus on the best (for me) projects and by daily interaction learn more, educate myself, delve into their significant events/dates. Without even understanding it I started to understand the communities behind projects, what appeals to them, how they react under pressure in a red bloody day...
I am still a terrible trader I guess but within the artificial box of the Rebalancing Bot I can actually master my very few talents and avoid my many disadvantages.
As always... not a financial advise. DYOR and have fun in crypto wonderland!
