Earn In Volatility Market: 8 Tips for KuCoin Trading Bot
🤔️Are you worried you will be stuck in the market now because it fluctuates too much? Or can't tell if the market is going up or down?
☕️Why not stop, grab a coffee, calm down, and see what KuCoin Trading Bot can do for you?
1⃣️ What can KuCoin Trading Bot do for you?
BTC Bear Market Falls to Doubt Life? Improve your returns with KuCoin Trading Bot.
1.Control Risks
2.7*24h Auto Buy Low & Sell High
3.Reduce Losses Caused by Emotional Trading
4.Continued arbitrage from volatility
2⃣️ Choose right pair, Trading Bot can make more money
Which pairs are suitable for grid trading?
1.High Volatility
2.High Volume
3.LOW entry price
3⃣️ Choose right bot, win in both bull and bear markets
1.Bull market: Select Spot Grid. In volatile market, Spot Grid auto buy low and sell high for arbitrage, and also earn profits from price increases.
2.Bear market: Select Futures Grid, which can be shorted. The bear market is more volatile, not only can arbitrage through the grid, but also make money in the downtrend, killing two birds with one stone.
4⃣️ Avoid 100x leverage, it is never the right choice for a novice
Another danger for novices is the use of high leverage, especially the 100x one. 100x leverage allows you to magnify the value of your position to 100 times. However, if you trade the wrong side, the position is very likely to be liquidated even when there is only 1% of price volatility. 100x leverage is never the right choice for newbies lacking trading experience. KuCoin suggests novices start with the KuCoin Futures Grids and accumulate experience first.
5⃣️ Use “Stop loss” to keep your assets away from liquidation
One of the most common mistakes that novices make is forgetting to set “Stop loss”. Some of them may not even know what it is. Stop loss is not only an essential way to avoid liquidation but is also a good method for managing your position. Especially when facing extreme volatility in the market, it can help you to control the losses within a proper range. So next time when you trade , please first set “Stop loss”.
6⃣️ Think critically, a blind deal makes nothing
It is common for novices to follow experienced investors. However, in the crypto world, it is more important to cultivate your own style of investment. Trading Bot is indeed a highway to financial freedom, but it is never a shortcut. What you need is to learn from experience and foster your own trading mechanism.
7⃣️ Make decisions based on your own foresight, the Exchange will not interfere any trade
Crypto trading is fair and impartial to everyone, so whether you can profit from it or not is totally determined by your trading decisions and strategies. Therefore, a highly disciplined habit would help guarantee the strict execution of your trading. No one can help you to trade but yourself.
8⃣️ Stop when you are already taking profit, don’t lose the greater for the less
While opening a position is the first step of a trade, it’s only when you close it that the money arrives back to your pocket and it can be considered a success. If you want to reap more profits in the risky market, then you need to remember that one bird in the hand is worth two in the bush. To stop at the right place does not mean you lose. On the contrary, it is the most cunning strategy that one should remember.
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