thetradingparrot
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P/L impact of 20% BTC price drop
🕑 Added 2021-02-24 10:50:50 +0000 UTCIf you compare with the P/L yesterday you can see where we are at now.
It's almost a V recovery. March tends to be a pretty bad month. I'm going to consider redistributing funds giving more to more conservative bots.
I would even increase the depth of SOs.
We can make some hypothesis like...BTC could dump to 50EMA, ADA/LINK/LTC/ even further and create a new set for March.
If we design the bots for a condition and then it happens we'll feel much better if it goes down.
If March ends up being an exceptional month and getting very bullish, we'll miss out but only partially so it's a good compromise. We need to protect the gains! And in my case I'm up almost 55% now in total.
The following diagrams are for both crypto HODL and bots. P/L includes reserves impact from DCA bots together with long term tokens dropping value.
Comments
to be defined, I'll share what to change as soon as ready
So what should we change exactly in the bots?
Ye, I think this is a pivotal time with the formation of BTC and the decision it will make. I'd be interested to hear your thoughts on having a "bot editing" strategy and how to do that in 3commas. I've increased my spreads a bit wider aimed at resistance lines. Thinking about larger sell offs. I'm also preparing to turn them off all together if needs be. Last month was a good month. I don't mind having conservative bots for march, but I look to you as the master of these ones :D
Increasing depth of so looks like interesting plan. Even if price go s up, compounding small gains in long run pays off
I wish I’d have listened! I am learning from my mistakes and from TTP. Your Red Day video is excellent. Thank you - I will become a master at this (one day)!
