While some might be feeling tense with the recent drop and bad performance of DCA bots in the last 3-4 days, just a reminder of how DCA bots load up in dips and then pay off big when they bounce. Sure, this is not the blow off top of the end of a bull run, so caution in future obvs!
And of course the first of all my 17 deals to pop is my all time favourite COTI. No idea why this coin always does well for me, but it’s a staple in my pairs.
At moments I’m only running one type of DCA bot (17 deals x $125), the only things I change are TP and pairs.
Urma follows the TradeAlts guy’s basic strategy of covering a 60% drop with ASAP. My flavour of it strongly favours many more cheap deals instead of a few large ones.
Did you use through the bear market? I remember reading on the discord group people got hit really bad. 60% might be enough for big caps, smaller caps might need a little more if you want a truly hands off strategy. But you can always add dca levels to a deal.
No I was lucky to already start closing off deals, but in the ends had to take a loss on some deals to close out. Which was fine, it’s part of the risk profile.
I ran a small bankroll low leverage bot for a while through 2022 and it was doing great, but then FTX f@&*ed me! I kinda got cold feet after that and converted some of my USDT to BTC, right at the bottom! Turned out to be the best deal!
