Kucoin Trading Bot
Don’t listen to me, I really don’t know what I am doing with trading bots, but as long as I have your attention, here are my results.
FINALLY! SOME GREEN!
Here is where I stand in 11 days of trading:
What a difference a day makes!
Kucoin Arbitrage Trading Bot
After my debacle with COTPS and Swapnex, I of course went looking for more of the same — but, you know, more legit. I knew arbitrage trading existed, but at likely much lower percentages than promised by the Cryptos OTC’s of the world.
Unluckily, I entered the Kucoin Trading Bot during the current market meltdown, which is reflected in my negative returns up to this point.
But, the markets being what they are, having it go from bad to less bad can result in an all-of-a-sudden 22% upside!
From what I understand (and I could be totally wrong on this by the way), what the Kucoin Trading Bot does is place trades, buys and sells, in an ascending or descending grid. When volatility spikes in the opposite direction, limit orders are hit, and the difference between the buys and sells is your profits.
Why did I pick the BURGER/USDT pair?
IDK really, other than the other pairs had tokens I had no idea about. I used to use Burgerswap, and knew it had some utility — so I went for that. And I am liking USDT pairs for their stability. But, like I stated above, I really don’t know what I am doing, basically aped in, got some skin in the game, and am learning this stuff alongside all the rest of you newbies.
Of the 5 types of auto trading bots, I decided on the Spot Grid (for obvious reasons)
If you want to give it a try, login (or register) to your Kucoin account. You’ll find Bot Trading under the “Trade” tab:
If this information is useful to you, feel free to use my referral link to start a Kucoin account: https://www.kucoin.com/r/rf/7s8y45
Give it a shot, let me know how you do!
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
