It happened again no different than 2 days ago. The bot got a quick 8% return within 15 minutes of being start. Last nite was no different with a 7.3% return between YFI and NEO. See my Instagram videos below
Just like in poker, you need to know when to turn of your bot when your daily target has been reached or nearly reached. I have manual control when to turn on or off the bot at my will. This all comes down probability and measuring your risk in your log for the day.
During my webinar last nite, someone asked why they fail in forex after 12 years. One is there is standard risk metric that does not exist in FX. With out it, you are not able to quantify the probability of when to shut down your bot for the day if you feel close in achieving max performance.
There is some truth to this but this is why it is critical to use a working bot that consistently make bank. This is why we set a daily financial target of 1% .
To create wealth through trading, one needs to ride with winners, says Shah. “Look at the price action of the last couple of months, there are so many stocks where I am very sure a lot of people would have got out with 5-10 percent kind of a return and they have gone on to give 50-100 percent.”…
“Financial target is very important because it should tell you as to how much you are comfortable with in terms of making money at the markets and once your financial target on a particular trade is achieved,