You can’t win profits simply because you have the best crypto trading bot by your side. You need to know the right strategies that fit your need to win.
So, here I have a few plans that could be of some help whether or not you have your crypto trading bot.
AI Crypto trading bot strategies.
Plan 1 : Scalping
This might look like a simple strategy. But pay close attention.
It involves buying and selling your coins based on the situation that the market is facing. The trades could close within an hour. The primary target would be to set a high win/loss ratio. Which means what you’ve won versus what you’ve lost will more or less be the same. However, the key is making as many small successful trades as possible and getting gains from almost all of them.
This method is comparatively safe as long as you don’t play in a highly volatile market. You can, however, make use of the calm, sere phase making standard buy and sell. Besides this,
It employs a very small time frame, you can enter and exit trades anytime without involving yourself too much.
Note: If you are a scalper, and want to perform well, opt for an AI Crypto trading bot with that feature.
Plan 2 : Buy when the market dips and hold.
To do this, you don’t need expert trading skills. Just a little bit of spontaneity and keen knowledge of the market. Simply buy when the market seems to dip and then start selling them when the prices go up.
However, this does not get over in a day or two. You have to wait for a long time. For instance, the initial rate of bitcoin was way lesser than what it is now. All those who bought and retained now have either become millionaires or billionaires.
There will be temporary dips every now and then but steady rise over a period in time.
Though you won’t gain huge benefits overnight, learning to wait patiently can bring in huge bucks. It is important that you should not sell them off due to temporary downs.
Plan 3 : Go with the flow
Not all of us are great traders. If a trend continues for a while and does not seem to change, then it is better that you go with the flow. If the market is trending upwards, open long trades. If the trend seems to go down south open short trades.
In general, trend followers start trading when the trends established. Later quit when the trend disappears.
Even if you have no clues on how to trades, you can deploy AI crypto trading bots for profitable trading. However, it is important that you know the strategies that rule the market. Feel free to comment in the section below.