How do you trade? At the exchange? Platform? Bots?

[hahay]

I trade by manually at the exchange. I don't think I can set the bots to run as what I want, and I think I feel difficult to use the bot. Besides that, I think with using the bot will not help me to improve my skills, so I don't use the bot. Besides trade manually, I am also a holding some coins from a long time ago, and I still waiting for the coin to gets up and reach the high price. I hope that the bull run will come soon so I can make a bigger profit again.

Though you are right with bot it won't enhance your skills in properly anticipating the market directions, it can in terms of positioning your entry or exit position the problem is if the target ain't being hit, the bot will not do anything unlike with manually executed trades you are in control to place yourself and you can adjust every time you see open opportunities or if it's in need of cutting your loses.

You need to have wider knowledge to perform the right thing while dealing with trading activities.

Therefore he did not use bots because indeed, doing it manually would be better to continue to hone his skills and there would be a lot of experience to be gained. The reason we cannot operate the bot properly and correctly is a strong reason for us to continue trading with high confidence and when we do it often it will build our instincts on every prediction and some analysis that will be made.

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[Capt00]

It particular reason why people mostly used bots in trading is just that they wanted to see their trading 24/7 which unlikely we can't do it without this tool. But not really it gives me a reason to think that it is much better than we do it manually. I'm in trading but not particularly be using bots, may I have a plan but much preferred to do it in my own strategy.

[nydiacaskey01]

It particular reason why people mostly used bots in trading is just that they wanted to see their trading 24/7 which unlikely we can't do it without this tool. But not really it gives me a reason to think that it is much better than we do it manually. I'm in trading but not particularly be using bots, may I have a plan but much preferred to do it in my own strategy.

Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds.

[dunfida]

It particular reason why people mostly used bots in trading is just that they wanted to see their trading 24/7 which unlikely we can't do it without this tool. But not really it gives me a reason to think that it is much better than we do it manually. I'm in trading but not particularly be using bots, may I have a plan but much preferred to do it in my own strategy.

Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds.

Some people believe specially newbie ones do look into these bots to be a money making machine without even knowing that these are created for automation of trades so it means settings will depend on you as a trader.Ive been using bots when im away from my pc but most of the time ive been doing manual.Yes, its hard to combat emotion but there are lots of things that differs actual trading than to have an automated one.

[nydiacaskey01]

Bots will trade for you based on your strategy or settings. Thats the beauty of having a bot with you when you trade. Its emotionless. It will not trade because all of a sudden you feel like there's an opportunity to buy at low price. It will do what you asked the bot to do and nothing more. Just make sure that the setting that you input in your bot makes sense or else, you might be shocked upon opening your trading account with zero funds.

Some people believe specially newbie ones do look into these bots to be a money making machine without even knowing that these are created for automation of trades so it means settings will depend on you as a trader.Ive been using bots when im away from my pc but most of the time ive been doing manual.Yes, its hard to combat emotion but there are lots of things that differs actual trading than to have an automated one.

Yes that is true, I have been asked several times already about my bot and how much did I make already and they think because of the bot I am using, I am already a millionaire which is wrong. There are times when bot will not Buy or sell anything for me because of the settings that I input so no trade happens everyday only when it qualified based on the settings.

Problem with other bot sellers are they only tell them the positive side of having a bot, but not the negative side which is its not a wonder bot that will find the coin for you to trade, no its not. You still need to find the right coin and set the buy or sell settings.

[NeCrypto123]

I make my trading orders directly on the newscrypto.io platform where I have everything else to work with. I like how I can open just one page and have all the analysis, charts, news, and additional help tools while also an option to trade. It's just so fast and convenient.

[moneyball]

Im using kucoin and doing day trading manualy no bots or any program, im always investing in coins that get listed somewhere or have good news!

[Lanatsa]

I do a little bit of everything. I hold the majority of my coins in a cold wallet and I only use that wallet a few times a year, while I trade manually on leveraged sites like Bitmex with a small percentage of my funds and using bots that I've manually tweaked and continue to tweak pretty often. I'm pretty active on Bitmex and they offer TradingView integration with their site, which is nice, but I still do most of my analysis and charting directly on TradingView because it's just much more convenient than working with a small window in a browser. I've never personally coded a bot myself, but I've made plenty of strategies that are mostly nonviable with a few great exceptions.

Regarding cryptocurrency trading strategies, it’s difficult to say something unambiguous. Each trader has his own concept of proper trading. Although, today, margin trading is very popular. However, you will not understand what is better until you try everything. For instance, although I prefer to trade doing everything myself, bots help in these activities, too. Revenuebot is very interesting.

Experience does vary on anything we got involved on.We cant conclude nor say up things if we didn't able to experience or tried it.
For those people who do have wrong beliefs on these bots will really test out if these bots are working or do make money without doing anything
and then suddenly they realize that they hope on the wrong thing.On next time, they aren't that dumb since they do know on how these bots works.
Manual trading is always been best.

[Superalgos]

A must read article in Hackernoon for traders who are still not convinced about the benefits of assisting your trading with some form of automation: https://hackernoon.com/switching-from-manual-to-automated-crypto-trading-874gw2cji

[SummerBliss]

Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!

I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.

[Superalgos]

Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!

I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.

That is true mate... no more free play in the sandbox of crypto-trading... I figured that myself sometime ago, and eventually made the switch to incorporate automation in my game... It's not that hard these days... there's a few good platforms out there...

[SummerBliss]

Hey!
Do you ever wonder how many traders roam around the Trading Discussion section?
Let's help clear that out with a quick vote!
Feel free to tell your trading story too!

I was active trader back in 2017-18 and used to keep things straight by trading directly on exchange, I never used platforms or bots. But soon my enthusiasm faded because almost all of the exchanges were loaded with bots. It was never easy to trade coins, especially coins having volume less than $10K. Whenever, I tried creating buy or sell order, few new orders popped of slightly less or more price. The use of bots actually kill the freeplay of trading.

That is true mate... no more free play in the sandbox of crypto-trading... I figured that myself sometime ago, and eventually made the switch to incorporate automation in my game... It's not that hard these days... there's a few good platforms out there...

Yeah, I know but where's the fun when bots are fighting battles for you. Soon we may reach a situation when market becomes too perfect that everyone is buying at same price which is slightly less than selling price and everyone is selling at same price which is slightly more than buying price and no trade is taking place in the market because it is impossible to execute the order since no buyer and seller coming to consensus at any price in between.
This may sound funny and impossible at the moment but believe me, this is what bots do to you.

[micalith]

I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots

[Cheesus]

I trade on my own, manually. I look after the coin price, I put buy order and I do sell. To me, this is the best way of trading and I believe most of the traders do the same as the poll result already showing it. Because U can't rely on a bot in trading. Through Bot or platform trading, sometimes you can get profit but you shouldn't rely on it.

[kodtycoon]

I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots

doing experiments like that would be very useful because when you do both in different ways it will produce a result that might be more profitable when you do it well, after all, if we are able to do many ways in trading then it will make knowledge and experience we are increasing rapidly. but for me personally, i prefer to do it manually because I just don't want to force myself in trouble because the most important thing is that when we do it comfortably we will be better at controlling ourselves in trading

[micalith]

I am writing bots and using them for auto trade and I trade manually on exchanges just to improve my bots' algorithms. This is all about it, if you stop moving while others are moving, you will be going back. Manually trades on exchanges give me inspriations and understand my human motives so that I can apply the contrary of them for my bots

doing experiments like that would be very useful because when you do both in different ways it will produce a result that might be more profitable when you do it well, after all, if we are able to do many ways in trading then it will make knowledge and experience we are increasing rapidly. but for me personally, i prefer to do it manually because I just don't want to force myself in trouble because the most important thing is that when we do it comfortably we will be better at controlling ourselves in trading

Manual trading could be seem as it is for more control. But, remember, there are many indicators and fundamental news that we should check everytime. This doesn't seem possible with manual trading. For example, you can't make trade if you are sleeping, but, what if there is a good opportunity when you are sleeping? You could arrange your bot according to the coming data and get that opportunity. These fundamental and technical news are rare. Another example, you may not want to miss a below 15 RSI while you are sleeping 

[error08]

Manual trading could be seem as it is for more control. But, remember, there are many indicators and fundamental news that we should check everytime. This doesn't seem possible with manual trading. For example, you can't make trade if you are sleeping, but, what if there is a good opportunity when you are sleeping? You could arrange your bot according to the coming data and get that opportunity. These fundamental and technical news are rare. Another example, you may not want to miss a below 15 RSI while you are sleeping 

Yeah, there are some benefits by using bots and trade manually by yourself. The majority of cases, people who trade manually lost the chance to buy or sell at the best price.
The main reasons for newbies not using bots because they don't know how to use it, not an active trader, can't find the technical analysis data of trading, or simply do not trust the bot to execute the trade. I just put an order if there is a chance to buy or sell, which not everyday will appear, short-term trader waiting for few hundreds or thousands of dolllars increase or decrease in price.

[BreachOfEuphoria]

Yes, I trade on my own placing orders directly at the exchange, manually.


Been doing that since 2018. 2019 was a much better year than 2018 in regards to the amount of success i had at trading manually 

[bellicose]

As for me, I only trade when absolutely necessary. This mainly happens when I need to exchange bitcoin for another coin, if my client or friend asked for a lightcoin, for example, then I go to the exchange (most often binance) and perform simple exchange manipulations.

[jmigdlc99]

Like majority of this poll's votes, I too trade manually and do my own research. It hasn't been spectacular and I haven't won enough to change my life, but it's still better than letting money sleep in the bank.

As a suggestion, i'd be very wary of trading bots and avoid them like the plague tho. Don't fall for the trick because most of the time they are sleeper scams or not very profitable, in reality.