Manual vs Automated trading

[Team - gstar.ai]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

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[Seetheummerallyeah]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

Are you sure it's "out of curiosity? If you are trying to advertise your website gstar.ai you might as well say so. You aren't fooling anyone and this is a bad look for your company.

[eance]

Another Chinese token sale...we need an artificial dishonest buster algorithm.

[ahmad21]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

Yes, some platforms allow automating the cryptocurrency transactions. Users can set up trade by framing certain rules regarding securities and indicators, both for entering and exiting a trade. Once programmed, the computer will automatically start trading without the interference from the user. This saves the time of the investors. However, you need to be an experienced user, posses programming skills and equip yourself with lot of knowledge about crypto market in order to use this automation facility.

[Bardman]

You can't really only use automated trading, you will always have to adjust anyways so it isn't really automated. News and market sentiment is something a bot cannot understand. I personally would pick manual always.

[boy130]

I've tried several automated trading tools including GunBot, and from my experience none of them are able to generate a reliable profit, especially when the market is blood red as it currently is. I've found that almost everybody using a trading bot has had theirs deactivated for months now, as they're simply not capable of trading bitcoin with any accuracy when everything is going down. Manual trading at least allows you to pick out some low volume winners amounts the chaos, so that's likely to be the best route right now as ping pong just isn't going to cut it.

[kent47400]

Automatic trading can be done with BOT and it is very dangerous because BOT does not have a conscience like humans.

Manual trading is done by yourself and done with feeling, if you can't, then you can stop and it's the best choice compared to trading with BOT.

[icecube45]

If I trade I always do it manually, because in my opinion manual trading makes me able to study the market well. Automatic trading or using a bot I think it's also as difficult because we still have to monitor it to avoid potential mechanical failures such as system problems. And sometimes the results achieved are not in accordance with the wishes. So in my opinion it will be easier and better to trade manually.

[richcorner100]

I dont have idea about automated crypto trading, because i never use bot in crypto trading. I been use bot in forex trading, but to get profit consistent from that also difficult. I prefer to trade by manually and use stop loss and trailling stop to minimize the risk whenever buy any coins.

[Painbird]

both are good if you interested but I am happy with manual trading.becouse manual trading gives me lots of experience which I can feel really good. I trust that experience makes me perfact.so I always search manually & happy with this kind of trading.

[mk4]

I'm pretty sure most if not all traders are still doing it manually, simply because you still have better control trading manually compared to using a bot. Your trading bot is only as good as how you make it(with your own strategies and such).

[peter0425]

I dont have idea about automated crypto trading, because i never use bot in crypto trading. I been use bot in forex trading, but to get profit consistent from that also difficult. I prefer to trade by manually and use stop loss and trailling stop to minimize the risk whenever buy any coins.

Yes, that should be the usual route, manual trading specially for newbies. That's why I was surprised seeing some threads around promoting trading bots, even experienced traders will have a hard time using bots so I don't think its advisable to newbies as well. Bots have advantages, specially if you are not always in front of your pc, but its not a guarantee as bots might have a flaw and will result for a massive lost in your end. I also prefer manual and stop-loss to mitigate risk and have total control of your trading activity.

[liuqi]

both are good if you interested but I am happy with manual trading.becouse manual trading gives me lots of experience which I can feel really good. I trust that experience makes me perfact.so I always search manually & happy with this kind of trading.

Nowadays many peoples are reduce the work so many peoples are move to automate trading. All the time we are not active in this forum and we cannot completely monitor in our trading so automation is good for the this scenario. I think future we will see the autonomous trading so our only work is just fill the BTC in our exchanges.

[samcrypto]

I'm pretty sure most if not all traders are still doing it manually, simply because you still have better control trading manually compared to using a bot. Your trading bot is only as good as how you make it(with your own strategies and such).

I personally still prefer to do manual trading because I trust myself more than to any bot.
Its too risky to depend on the bot I think because you cannot control it while you are not active in the market, so I still tried to trade on my own with a lot of studies done before I trade. We all have different strategies, make sure you know what you are doing to prevent from losing big money.

[BitcoinTurk]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

Manually trading is difficult, laborious and patient, but automatic trading is easy, simple and sometimes profitable. But there is also a fact that there is a high risk factor for the use of boots in automated transactions and the information of our account can always be known by someone else. Other people can control our accounts and use it for a variety of bad purposes. Of course, it is possible to eliminate all these disadvantages with a quality service, but this is a very expensive operation. I think that both options have several advantages and disadvantages, but I'm still doing it manually because my account and my transactions will be much safer.

[freezzeer]

I think manual trading is good for new comers of crypto space.Bots are playing with our assets isn't good for big holders

[Crypto Girl]

both are good if you interested but I am happy with manual trading.becouse manual trading gives me lots of experience which I can feel really good. I trust that experience makes me perfact.so I always search manually & happy with this kind of trading.

Even you have tons of experience you'll never be perfect because trading and losses can't be separated, even we didn't like it.
Using trading bots are just for weak and just relying their profit in an automated system and besides my friend told me that he once used bots and it happened that glitches occur which tend him to loss instantly. It's better to have first hand in manual trading since our money is at stake.

[Ividanik]

I don't trust automated trading at all. I think all these automated systems were made just to scam people and help them lose their money quickly, so stay away from them. Only your brain can make a right decision.

[Binugon]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

In principle, the trader must be able to manage profit and loss, namely by maximizing profit and minimizing loss, the way is by automated crypto trading that keeps away from risk loss because it can execute orders automatically based on predetermined criteria.

[aencarnaci]

Created this thread to discuss how important is it automate your trading strategies.

Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?

The problem is the bear vs bull question. During a bear run like the 9 month we have been having, manual is better because you are getting into something you personally believe and increase the amount you have over time and wait for a bull run, whereas bots just try to make money but lose because it is a bear market.

Moreover, during a bull run you are a human so you can invest into something that could make money but bots are constantly 7/24 checking prices and indicators and making money insanely and constantly and get rich quite fast because they can do this all the time and fast whereas you can't.