I've been in the crypto trading game since 2020, mostly doing it manually. I spent countless hours diving into charts, looking for setups, chasing breakouts, and sometimes just making emotional bets. Yeah, classic rookie errors for sure.
But honestly, I got worn out. Not from crypto itself, but from constantly doubting my choices, jumping in too soon or too late, and ignoring stop losses because of my pride.
About two months back, I decided to give an automated trading system a shot, called MW Investment Strategy. I wasn't expecting much, to be real. Thought it would just be some run-of-the-mill bot strategy. But I was totally off.
It turns out that automation is more about having discipline than being smarter than I thought. The system lets me set my risk levels, define how I want it to behave, and then it executes trades based on market moves. There were times I felt the urge to buy out of emotion, but the system held back. Later on, prices plummeted, and I was grateful it didn’t take my advice.
Now I’m glued to the screen less and spending more time analyzing results with a clear mindset. It hasn’t turned me into a millionaire overnight, but it has helped me steer clear of the worst part of trading: my own impatience.
Just thought I’d share my change in tactics in case it resonates with anyone out there who’s feeling burnt out from overtrading. Sometimes, stepping back and letting logic take the wheel is what really counts.
You will likely be an alt. That is not an offense. To create an account and use it to post, when you do not want people to know that you are the one that post it. But if you want people to believe you, use your real account if you are an established member on this forum.
Overtrading is not good at all. It can let someone have health issue and the person will also later be losing. A good trader will avoid overtrading.
The most difficult thing about being a trader is controlling oneself, one's mentality, mindset, and maintaining a calm spirit. Why does someone who is successful in this field need a considerable amount of time to reach the point where they understand and comprehend every decision they make? because learning technical analysis, fundamental analysis, and trading strategies is relatively straightforward since they are based on data that you can analyze yourself. However, when it comes to emotions, mindset, and mental resilience, it takes a considerable amount of time to develop these qualities, especially when dealing with money. It becomes even more challenging if one has a greedy nature in trading, as this can be extremely dangerous.
My trading is still manual, without automation, which is highly unreliable. It is better for me to analyze on my own and look for potential opportunities. However, to avoid over-trading, if you do not see an opportunity in the pattern, candle, or price movement, never enter the trade. Reduce your reliance on feelings in trading, stay firm on your principles and knowledge, and never try to predict market direction based solely on ego and emotions.
It seems you are promoting a service called the MW investment strategy. And you claimed it is a smart decision to use automated trading bots or services. If you can become a billionaire by using this automated trading system, then welcome. You shouldn't share this technique with anyone else. The service you are promoting is likely the worst. I haven't heard about this automated trading system. If you gain by using this automated trading system, then you should become a billionaire.
However, guys, this account is a newbie; don't trust what he said about the trading. This isn't the right way to make money. Trading isn't an easy task or a quick money-making method. You need to spend a lot of time becoming an expert on the trading. I always trust in manual trading and have never used any kind of automated trading system. I believe it's important to take real-time decisions when we are trading. And any automated system won't fill this need anyway. Just be cautious when you are using any automated system.
Just a quick question. What platform did you use to test and implement the strategy? Was it trading view or some customizable trading bots?
Yeah, automation in trading is more to do with more discipline and less screen time vs. actually "accurate signals). And so many people end up getting fooled by some folks who claim that they have a bot that used AI to create trading signals that have a very high win rate. For some reason so many people tend easily fall the for AI trading narrative.
I haven't heard that MW Investment Strategy but may I ask how good was it? I was also planning to create my own trading bot but using AI this time, I know there's a lot of errors on first few runs and few bugs along the way but I know that I can make it work, just like you sometimes I am impatient and sometimes I really get greedy or scared and that destroys the strategy or analysis you've done and in order for me to avoid those it's either I teach myself to be patient but most of the time it didn't work, I just hope that automated strategy instead of manual trade would help me improve in my trading journey.
Are you using a bot or some sort of AI for this automation? Some says its good some arent. But for me, utilizing AI skills may help us grasp better and easier on trading. As long as you know how paramaters work then this make more convenient to any trader. But Im not yet utilizing any AI for trading maybe I used to the manual approach already.
The highlighted text is the part I like the most. Some traders come up to claim that the trading application they use will help them avoid losses and win constantly. So they advertise these apps as miracle worker. With the invention of artificial intelligence tools, trading analysis could be less time-consuming and more precise. But there is always a human factor in the success of every trading event. So overdepending on these tools can be counterproductive.
I also prefer the manual approach, which I think is the best for me. I do not have to trade when I do not have time to trade. If I have time to trade, I will prefer just to use the manual way than to be looking for bots to do the work for me. Even I prefer to avoid the bots on exchanges than can do some task automatically like trading or buying execution automatically.
I still don't get why some traders would prefer to use the automated trading system especially with the help of a bot. This is not a good way to trade the market because a bot can malfunction which could cause loses to anyone that is using it. The crypto market is volatile also and it is wiser for traders to be prepared for any change in market structure when trading.
Making loses in the market is inevitable but it wouldn't make sense for a trader to ignorant entrap themselves in making severe loses as a result of trading using automated system.
As I understand it, profitable algorithmic trading is possible, but the trader still plays the main role. It will depend on him, the correct installation of risk management, as well as the timely updating of algorithms. And of course, this trading strategy should be well tested over a long period of time.
Not gonna lie, I think OP was trying to shill some sort of service or bot (which is likely a scam). @The Cryptovator is actually right in his submission. CryptoNomad47 has no interest in the discussion about if the automated strategy works better than the manual one. He just registered to advertise his "product" hoping some random member gets interested and PMs him
Manual vs automated is something subjective and depends on one's trading style. If I trade once or twice a week using longer time frames, why would I need an automated trading strategy?
What did you think automation was before you tried it lol
I always said bots are good only if you measure the way they apply your strategy.
You still have to think of entry and exit, limits and stop loss, etc. This is still on you to find and figure. And I am not talking about always exact prices etc but as long as you teach the bot what it means.
Bots can't think of how you should profit, this is the only problem people have or rather, the mistake they make using bots.
The robot is only as profitable as the master. All it does it lets the master sleep while he carries out instructions
Using AI is useful if you know what parameters to deploy in your trading. Because if not, it won't give you the outcome that you want. Just like in manual trading, you should know the coin you are trading with so you know when to execute the trading. So if you feel you are ready to use AI, why not? It can really save you time if you know what factors you need to integrate in your trading.