Howdy Carlos
First thing first, today email is for advanced users only.
A lot of CoinSutra subscribers are pro traders and investors, and today newsletter is for them. If you are new to all this, wait for my next email, or browse CoinSutra.com for some beginner friendly content.
So, Carlos
Lately, I have been practising crypto trading, and you may have noticed a few email newsletter from me regarding that. I found it to be somewhat better than silent investing, but again it all boils down to how much time you have to learn a new skill.
Anyhoo, my quest landed me into the world of automated bot trading. This is not like you pick a bot which will automatically make money for you, that doesnot work in most of the cases.
The key here is, you start doing manual trading, and once you have your own strategy, you can use a bot to automate most of the boring part.
This is where I started using 3commas Grid bot, and so far the returns were spectacular. In the sideways market, the grid bot works fantastically, and something I suggest you explore as well.
Here is my return from the last 48 hours:
This small amount adds up in the time...
Now, a clear warning: It took me more than 1 and half year to get here, and I'm yet honing my skills. So, DO NOT RUSH!
I just thought you should know, and see more possibilities. After all, it is hope only that make us do some amazing thing.
3commas is pretty solid, but it comes with a cost of $49/month. However, you can always try it for free (3 days), and they do have the paper trading feature (So that you don't need to use real money).
To make most out of all these, you should have basic skills of:
- Trading
- Creating trend lines
- Understanding of sideway market
- Technical indicators (Basic is also ok)
Another one that I discovered recently is called Quadency
Quadency is primarily a trading terminal that let you trade on multiple exchanges from a unified platform. This feature is something common among all crypto trading bots, as it makes the trading easy for us, when we are dealing with multiple exchanges.
What makes Quadency different than all other bots listed here is the pre-defined automated trading strategies and backtesting feature.
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At the time of writing, the following bots are available on Quadency platform:
- Grid trader for grid trading
- Smart order
- Market maker plus
- Bollinger bands
- MACD bot
- Mean reversion bot
- Accumulator (DCA)
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They offer a free plan which is idle for beginners or passive investors of digital assets. The pro plan starts at $49, and allows monthly trading limit of $100,000 USD.
All the bots are available in the free plan, and you can always upgrade to pro plan for advanced features.
Do not rush through this to make money overnight, rather take your sweet time to learn the basics, and then move your level up. As it is, I will keep sharing my learnings so that you should also grow in this journey.
See ya in the next email.
Thanks
Harsh Agrawal
CoinSutra.com & ShoutMeLoud.com
Disclaimer: This newsletter is for informational purpose only, and is not investment or financial advice. Kindly DYOR!
My Recent Quest in Cryptocurrency