How reliable are both trading

[_BlackStar]

-snip-

I can see that many newbies are not even interested in learning about the market and all they care about is ways to make quick bucks in the market. Things do not work like that always. It is quite better when you have learned and now you want to practice what you have gained from trading. Bit trading is not that accurate that's why we need to know what we are doing so we don't end up in huge loses we can not afford to loss. Bitcoin is not that profitable which is why we need to keep learning and analyzing the crypto market for a better opportunity to buy and trade.

If they are interested in making money in the market - then they should really master the best strategy to get it. They do not need to be experts - but sometimes just need courage supported by basic strategies in trading. Buy low and sell high - that is the basic strategy, but it must be done with analysis. Trading is not always easy - sometimes it takes patience and precision in making decisions when to enter to buy and sell.

The most important thing here is to avoid greed and stay away from anything that is worthy of being called gambling. Don't gamble in trading - I mean, do a little analysis and don't just rely on luck.

[TheUltraElite]

With the craze on AI going on around the world, it is not uncommon to see trading bots having their cut of the hype. Did you really think that the youtube algorithm used to run by chance? There was no AI at that time? People can be so foolish at times.

Back to the topic, I see the OP did not bother to reply what I had said in my last post, so I will reiterate that a bot will only make your trades automated, they dont guarantee a profit because the algorithm is made by you.

Also note that this might seem new, but its not. Programmers have been trying to created such algorithms to game the market for years but none have been successful yet.

[goldkingcoiner]

Trading with bots is very lazy and while it is possible to make a profit, I think you can make a much larger profit with manual trading. And personally, I would not trust a program with my money. What if it glitches out and you wake up next morning with a loss of 80% or something?

I would not risk it.

[RockBell]

Trading with bots is very lazy and while it is possible to make a profit, I think you can make a much larger profit with manual trading. And personally, I would not trust a program with my money. What if it glitches out and you wake up next morning with a loss of 80% or something?

I would not risk it.

I dont think from day one I buy the idea of using bots to trade because this things are programs how efficient are they and anything that is manual is much more better, and is people that don't have interest in learning are the ones that are so bothered about using a bot to trade and it might be okay for a lot of people but I don't think it's enough for me.

And sometimes when you want to snip some coins bots are used because sometimes it takes longer for wallets to actually confirm some transactions and this is understandable but allowing a bot to do your job is a turn off for me, because there are something that when you do manually you will get results than when you trust a program, we learn every day. It is better to trust your self.  I heard there bots that even reads chart I wonder how they get results from all this things.

[Oluwa-btc]

If you wants to know what strategies that the bot used, you needs to learns the bot before you use the bot. Without learning, you will not know anything and just use the bot but you will difficult to make a profit using that bot. Trading bots are risky depends on the user itself because as long as they wants to spend their time to learns the bot, they can manages the risks and will not just trade randomly. They will still use analyze to check the market and running their bot if they are sure that the market runs as the same as their analysis.

But it is not easy to find which bots that can works based on the market movements. It is better you learn about analyzing the market from many sources so you can improve your skills and you don't have to use bot to trade.

Typically,Bot trading is a tool used in trading, which can sometimes be  reliable or inconsistent too.The outcomes of using bot trading can end up as a technical collision if it is not properly researched on.
Those interested should remember it's just a trading tool; although some new traders will naively trust the bot.it can't be depended on.

[shinratensei_]

Trading with bots is very lazy and while it is possible to make a profit, I think you can make a much larger profit with manual trading. And personally, I would not trust a program with my money. What if it glitches out and you wake up next morning with a loss of 80% or something?

I would not risk it.

OP need to know current state of LLM is still too much unreliable for trading.
It can hallucinate, even the model with biggest parameter hallucinate a lot, I presume every trading bot in the market is using technical analysis by reading chart and indicators, but what it need is just one hallucination to make your money gone.

I don't even believe there's foolproof trading bot getting deployed by big organization, you can find the most advanced LLM in the market, tinker with it, and you will instantly realize that it's just not there yet.
As for now, traditional trading bot where you set up parameter yourself with your own strategy is still the way to go.

[jcojci]

I don't know how reliable using bot trading is because you need to set the bot to run following the market and make a profit for you. But if that is bot in exchanges, you need skill to make a strategy so the bot can run without a problem.

If the market change the direction, you need to modify the command so the bot can still trade. That is why you need to always check the market and make sure the bot is running properly.

Using trading bots have its risk so you need to know how to manage the risk especially if you still want to use the bot. It is better you trade by yourself and improve your skill so you can have a chance to make a profit when you trade.

[Mahanton]

In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

This might be old question but i would be answering you out in regarding into your assumptions about on how trading bot works. Its true that this is something that gives out convenience into traders on which considering on how these bots do works specially if you are out or not to be in front of your computer/pc/laptop then these bots are useful but just like been said that you do still need to tweak on whatever the settings that the bot would do if ever the market do hit up a particular price point, whether it do execute a buy/sell or stoplosses/take profits. On the question if it there's a time that these bots would be able to have that kind of adjustments basing up on the market condition? No it cant just that possible, even we do say that on the current existence of AI then there's no way for this to be that make it real. To those companies that making up some claim about they do have these kind of bots, then better to test it out but i would say that i havent been able to encounter up such trading bot that having that kind of essence on which it do make out some adjustments accordingly. Everything would be definitely be basing up into someones capability on how he/she set up his bot action executions on which this do pertains about on a certain traders knowledge and good thinking/analysis towards this unpredictable space. Success isnt guaranteed but since you do have the idea on what you are doing then you do have that kind of edge.

[Josefjix]

Also note that this might seem new, but its not. Programmers have been trying to created such algorithms to game the market for years but none have been successful yet.

None, no, not even one, none has ever made a trader more than successful and if it does, it fail at the end while the victims start crying out of liquidated funds dissipate out of their balance.

If it's working right, at least every trader would've been using it and every trader would've been rich by now, trading alone is harder and unpredictable, so a programed bot to figure out the best and accurate entry can't understand everything and decide rightly, it even risky exposing your funds to the bot to automatically uses it to execute trade at your absent.

[irhact]

In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

For such innovations as this I will advise to trade very consciously because there's not just risk of loosing your funds but possible fraud especially with the promise of analytics and strategy, pro traders know that strategy and analytics are dynamic and only in few cases it's static over a while of which eventually it has to get dynamic to make profit but bots don't understand this as they aren't programmed with such intelligence, they actually act within instructions and the informations made available to them and not like humans who's got emotions and some phycological imputes they apply trading especially when it's needed.

[passwordnow]

I don't know how reliable using bot trading is because you need to set the bot to run following the market and make a profit for you. But if that is bot in exchanges, you need skill to make a strategy so the bot can run without a problem.

The bots are making the traders job easy but it won't give the perfect strategy because it should come from the trader and these bots are just tools to make trades more productive. There is still those people believe that the first thing they need to have when they trade after having a capital is to purchase and subscribe to a bot. While that's a good thought but it doesn't guarantee anything at all. It still depends on how good the trader is and how it'll be utilized. A trader that's not good when the bot is good still gonna result to losses.

[Zadicar]

I don't know how reliable using bot trading is because you need to set the bot to run following the market and make a profit for you. But if that is bot in exchanges, you need skill to make a strategy so the bot can run without a problem.

The bots are making the traders job easy but it won't give the perfect strategy because it should come from the trader and these bots are just tools to make trades more productive. There is still those people believe that the first thing they need to have when they trade after having a capital is to purchase and subscribe to a bot. While that's a good thought but it doesn't guarantee anything at all. It still depends on how good the trader is and how it'll be utilized. A trader that's not good when the bot is good still gonna result to losses.

Its created for making up such automation and not something that will really be that making someone do have that passive profit making bot. If there's that 100% reliability or having that assurance that using up bots could give sure profits then majority of us now will be using up bots but we do know thats not how reality works. It is a wrong mentality that you would be making yourself believe that it do exist and its always been better that you should be knowing on what trading really is. Usually newbies who are just that recently dive in into this market do have this kind of views towards trading bots on which they do believe that since its automated then it can do the job for them and even having those thoughts that it is 100% working and make profits. Making just use your own common sense that bots are needed up on traders settings tweak on how it should be doing on making market executions or simply its just that relying into that.

[Uruhara]

The bots are making the traders job easy but it won't give the perfect strategy because it should come from the trader and these bots are just tools to make trades more productive. There is still those people believe that the first thing they need to have when they trade after having a capital is to purchase and subscribe to a bot. While that's a good thought but it doesn't guarantee anything at all. It still depends on how good the trader is and how it'll be utilized. A trader that's not good when the bot is good still gonna result to losses.

And actually trading bots are only superior in technical analysis. So often when the market changes direction due to fundamental news, trading bots cannot predict this, which makes trading a loss for bot users. I don't use bots much even though I have used them before. And I am more comfortable with self-made analysis and trading independently rather than having to use bots. But that doesn't mean bots are bad. Not at all. Because if we are good at adapting it to our own trading style then it can indeed be more helpful and more efficient. But yeah, this is just a matter of convenience. And everyone has their own way of making trading feel more comfortable for them. But trading bots can also be a solution for people who are busy with work but still want to make a profit from trading.

But compared to using bots, I prefer to rely on AI to do analysis for me and plan trades for me. that makes it easier for me to make analysis. Because AI can also analyze many things from a technical, fundamental and even sentimental perspective. But still, if we are not skilled at trading then all the help from sophisticated technology will not be of much help.