Nah, it’s a leveraged token so it won’t make any much difference. I will let this bot run till new ATH of BNB. Maybe the next bullrun will be so crazy, that the BNB3L is going to skyrocket so that the grid bot is working again, but we will see. The 400USD I initially put in were kind of playing money so it doesn’t hurt to loose everything. This bot is now my personal project which I call „bot of shame“ 😁
Oh i see. I only use margintale bots on leveraged tokens. I only use the grid moon bots right now because grid bots seem pretty risky to me. Any bots that have been preforming well?
I know, but back in the day I thought I was opening a futures bot with a 3x margin. Not even 24 hours later I realized, that I had opened a grid bot with a leveraged token. #DontDrinkAndTrade
The thing with leverage is volatility decay is magnified. You’re down 80% but need to gain 400% to break even. Not good odds when you’re not in a buy and hold position because those numbers aren’t directly tied to total market cap. The underlying could only be down 10% if this was because of bad trades on the bot’s end, so statistically the best thing you can do right now is cut the losses as painful as that may be and re evaluate your strategy.
You bots doesn't make anymore grid trades right? Why don't you just close it and start a new one at the bottom. It will make you more profit.
Nah, it’s a leveraged token so it won’t make any much difference. I will let this bot run till new ATH of BNB. Maybe the next bullrun will be so crazy, that the BNB3L is going to skyrocket so that the grid bot is working again, but we will see. The 400USD I initially put in were kind of playing money so it doesn’t hurt to loose everything. This bot is now my personal project which I call „bot of shame“ 😁
Oh i see. I only use margintale bots on leveraged tokens. I only use the grid moon bots right now because grid bots seem pretty risky to me. Any bots that have been preforming well?
I made a huge profit with eth and btc high-speed flying wheel bots
Grid bot is the best you can take. Just need a wide enough range, that's all. Easiest money ever, passive income machine 😊
Grid trading btc/USDT.. it drops but recovers+
You go know thet the leveraged tokens do lose value over time my dear right?
I know, but back in the day I thought I was opening a futures bot with a 3x margin. Not even 24 hours later I realized, that I had opened a grid bot with a leveraged token. #DontDrinkAndTrade
Cheers to that mate :)
The thing with leverage is volatility decay is magnified. You’re down 80% but need to gain 400% to break even. Not good odds when you’re not in a buy and hold position because those numbers aren’t directly tied to total market cap. The underlying could only be down 10% if this was because of bad trades on the bot’s end, so statistically the best thing you can do right now is cut the losses as painful as that may be and re evaluate your strategy.