In such a market where the direction is not clear and special analysis is not working, this is the best time to take benefit from a bot. As I told some months ago that I am designing a bot, in fact I have already done it and the trading bot I made is running.
My focus is on 3 bots which I will switch according to market conditions. Right now one bot is working and work on the other 2 will start. The work of these bots I will start manually with #hive-engine tokens.
I wanted to link a bot with #hive-engine but this is not possible because there is no system of API keys here. Anyway, token rotation is now only possible manually which works best in every market condition.
The strategy is completely simple. take profit from the token in which you are already invested. I explain with an example. There are 4 projects which will be good in the future like #Colony, #Script, #Helios and #Leo. In my view these 4 are the best so far and also my favorites.
Put these 4 tokens in a watch list. Invest equally in these 4 tokens like 25% investment in each. Now your work is to watch these tokens and whenever any token pumps 5%, take out 50% amount from it and shift it into a token whose price is currently down.
Let us take an example. Suppose there is $200 investment in each token. If #Colony token pumps 5% then I will take out my $100 (50%) and move it into #Script token which is currently down in price.
Now again I will wait for another price movement. Now I see that #Leo price increases by 5% then again I will take out 50% and invest it in #Helios. Again I will wait and when those tokens which already pumped 5% come back to their initial position then again I will take amount from the invested tokens and invest in them.
I will keep running this cycle. What is the benefit of this? It has two big benefits. First, your 50% amount will remain invested all the time through which you will hunt long term profit.
The second big benefit is that in every rotation you will get 5% profit. If I assume that in one week I get 2 such trades and in one month 8 trades then this is very powerful.
After every successful rotation trade you will get $5 profit and weekly $10. Meaning you will get around 5% monthly profit which in my view is excellent. I have personally tried this strategy and it is a win win situation.
Because you want to stay invested and at the same time want profit, this strategy is best. If your mind is on a long term plan then you can do very good rotation. One more big benefit of this is that it works in every market condition. I hope you liked this trading strategy.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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