thetradingparrot
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How to manage red days like today
🕑 Added 2021-01-27 14:33:29 +0000 UTCExecutive summary: I'm not considering to close any deal at a loss for now.
My approach for red days on deals with more than -20%
1) I assess if there's still the chance of further drop to decide between wait more or add funds to some deals (check article on how to add funds)
2) I assess if there's still the chance of further drop to decide between do nothing versus adding more "max active deals" so the bot can buy during the dip while holding the red deals for a longer period.
Our bots
Amika, katida and Venka trade amazing coins with big prospect for this year. I don't see a reason to sell at a loss with them. Possibly adding further max deals if there's a big drop to benefit from the recovery.
Fiera, recovers by itself and we said it's a high risk one, so I'm no t going to sell at a lost. It places an SO at 30% so we are still to be able to exit without touching anything.
Mirinda & Aleksandro, have closed all deals in similar situations. It will depend on which coin is the red deal to decide to add funds. Some coins may not be worth adding, and better to let it run for longer without doing anything.
I'm not considering to close any deal at a loss for now.
Grid and buy the dip bots
They were designed for days like today. Looking forward to see great results.
Remember, just like stocks you cannot expect to see all your bots green every day.
Comments
Thanks for the update
