In this post I’m going to review some of the Elite Traders Leaderboard.

I’ll start with a focus on spot trading and I’m going to look for top performers in the past three months then I’ll drill down into specific profiles to find someone who is doing a good, diversified, trend-following strategy.

There are top performers who focus on trading one market with futures long and short – but I’m going to focus on something longer term and without the added risks of leverage trading.

This list will change all the time and I’ll be posting more reviews of the top copy trader profiles.

What Can We Learn About The Traders We Copy?

For example WhaleYouGo shows a great listing rank for spot trading.

Let’s take a closer look at the profile:

I’m seeking a diversified approach that trades each market very seldom, while WhaleGo_YouTube is taking many small positions and taking profits.

I can’t comment on the trading strategy but that it’s not what I’m seeking.

I have a personal preference for a strategy that is diversified when altcoin season is approaching. So there may be a phase when my positions are only held for a short time.

This screenshot would have demonstrated better data for me if I had looked at the 6 month view.

WhaleGo_YouTube 97% Win Rate

Well – the 6 month view shows a very consistent winning strategy – gaining small profits on the close… holding till the trade is just in profit?

I dunno – but some of the longest hold trades
COULD have been the biggest winners. No?

Can’t argue with the Win Rate?

Top follower traded 60k volume and made $1.2k

I’m pretty excited now I can really dig into the history of the copy trade accounts I’m reviewing.

Let me check a few more.

Hmm.

Profile after profile has the same quote ‘Earning money now, too busy to talk‘. And all of them are focused on trading one single coin and showing an algo-trading pattern to the profits.

For example:

 ➤ ➤ AlgoTrader1337 has 50/300 followers and is trading BTC, APT, MASK, AGLD, RNDR and others. Nice actually. Diversified and great win ratio.

 ➤ ➤ CryptoTrader has 13 followers and trades a nice diversified range of coins and I also like to see the pattern of trade volume. This system is different than my approach but clearly profitable. I like it!

Setting Up Copy Trading

Get Started Here

As I’m poking around and getting familiar with the platform, I’m learning more detail about how the Copy Trading works:

1. Checking Out the Top Players: Think of this like checking out the stats of the best players on a sports team. You get to see how long they’ve been playing (that’s the “Registration days”), how many fans they’ve got (“Followers”), and their score average (that’s the “Return on Investment” or ROI). Plus, you can see their wins and how often they win (“Profitable trades” and “Win rate”).
   
2. Setting Up Your Game: Now you’re ready to play. You pick the top player you want to follow and decide how much money you’re going to play with. It’s a bit like choosing your gear before a big game. You can pick the easy setup (“Common settings”) or get into the nitty-gritty if you’re feeling brave (“Advanced settings”). And just like in a game, you’ve got to know when to stop – that’s your “Risk control.”
   
3. Keeping Score: Once you’ve started, you can check out your dashboard to see how much money you’ve put in (“Invested principal”), what you’ve made (“Net profit”), and how your current trades are doing (“Current copy trades”).
   
4. Changing Your Strategy: Say you’re in the middle of the game and you want to switch up your tactics. You can go back to your dashboard and make changes. But just like in a game, you can’t change moves you’ve already made; you can only change what you’ll do next.
   
5. Cashing In or Bowing Out: Finally, when you’re ready to take your winnings or cut your losses, you go to the “Spot” page. It’s like going to the bank or leaving the casino – you’re either putting your money in your pocket or walking away to play another day.

It’s all about using the wisdom of the pros to make smarter moves in the crypto world. Just like in school or sports, it’s about learning from the best and using that knowledge to get ahead.

Spot Copy Trading

Unlock Effortless Trading with Bitget!

Want a simple and easy way to trade digital assets? Introducing Bitget Spot Copy Trade—an easier and faster way to get your copy trades filled at low slippage prices. Here’s how to get started in three simple steps.

Step-by-Step Guide to Copy Trading

After logging in, hover over the Copy Trading tab and select Spot Copy Trading. Choose a trader and select Follow.

Customize Your Trading Strategy

Click Edit to select your spot trading pairs. You may also choose Fixed or Multiplier modes. Set your fixed or leverage amounts and risk management parameters. You can even toggle the Advanced Mode to adjust the parameters for each spot trading pair you follow.

Finalize and Profit

Once done, tap Next. Confirm the parameters that you’ve selected for each trading pair and select Confirm. Congratulations, you’ve now successfully copied a trader. Ready to profit? Spot Copy Trade with Bitget today!

And that’s the gist of it. Check out the official docs to get more detailed mumbojumbo about Bitget Copy Trading.

The post Crypto Copy Trading appeared first on Altcoin Opportunities.

A crypto auto trading bot is simply a program that automatically executes trades on behalf of a trader based on predetermined trading strategies.

Benefits of Our Crypto Auto Trading Bot

1. Diversification: Our crypto auto trading bot will manage the work of monitoring risk and profits on hundreds of small positions.
2. Consistency: The bot follows the proven trading strategy consistently, removing the emotional aspect of trading that can lead humans to make impulsive decisions.
3. Chart Freedom: A crypto auto trading bot allows traders to stop watching the charts and do other things! You no longer need to monitor the markets – and you can focus on family, creativity and community.

How Do Our Trading Bots Work?

Our crypto auto trading bot works by signaling 3commas, which executes trades in our Binance account based on our objective trading strategy.

The bot receives it’s signals from our PRO ALERTS trading spreadsheet which covers almost 300 different ALT/BTC trading pairs on Binance.

Best Crypto Auto Trading Bots

https://3commas.io/?c=dealcode

1. 3Commas: 3Commas allows traders to automate their trades across multiple exchanges. The platform has a user-friendly interface that makes it easy to follow the CryptoBalancingBot.
2. CryptoHopper: CryptoHopper is a trading bot platform that can be programmed to trade on a range of cryptocurrencies across multiple exchanges.
3. BitGetCopyTrader: BitGet is a popular trading platform that allows users to copy trade the proven trading strategies of other members. BitGet copy trading provides a range of trading approaches to fit your individual trading preference and risk tolerance.

Consider This Before Using any Bot

1. Security: It is important to ensure that the bot you are using is secure and has a good reputation in the market.
2. Flat Fees You Can Understand: Most trading bots charge a fee for their services. It is important to understand the fees involved before using a bot.
3. Ease of Use: While some bot platforms, like 3commas, are user-friendly, others require a certain level of technical knowledge or even coding knowledge in order to use them effectively.
4. Backtesting: look for a bot that has a proven track record for trading altcoin seasons with a diversified portfolio.

Risks of Using a Trading Bot

1. Technical glitches: Like any software, trading bots can experience technical glitches that can lead to losses.
2. Market volatility: Crypto markets are highly volatile, and sudden market changes may cause losses.
3. Second-guessing the bot: It is important to understand the price ranges that your trading plan is tuned to capture – so you can stop making common trading errors and leave the bot to trade and monitor the markets while you do other things!

FAQs

1. Are crypto auto trading bots legal?
   
   Yes, crypto auto trading bots are legal. However, it is important to ensure that the bot you are using does not have counter-party risks. It is also important for you to ensure the bot is compliant with any regulations in your jurisdiction regarding cryptocurrency trading.
   
   
2. Can a trading bot guarantee profits?
   
   No, a trading bot cannot guarantee profits. The bot can only execute trades based on predetermined trading strategies. It is important to remember that there is always a risk of losing money when trading. Traders should understand how the bot’s trading plan manages risk and how it plans to diversify the portfolio before copy trading any bot profile.
   
   
3. Do I need technical knowledge to use a trading bot?
   
   Some trading bots are user-friendly, while others require a certain level of technical knowledge to use effectively. For example, some bots may require users to have knowledge of programming languages like Python or JavaScript to create and customize trading strategies. However, following our bots on 3commas is easy with their user-friendly interface and requires little to no technical knowledge to use.
   
   
4. Can I use a trading bot across multiple exchanges?
   
   Yes, many trading bots support multiple exchanges. While the CryptoBalanceBot is currently providing signals for Binance exchange, we can send signals to any of the exchanges supported by 3commas. Contact support for help.
   
   
5. How do I choose a trading bot?
   
   Choosing a trading bot can be intimidating. There are many options available and many of them are mysterious. Traders should research as much as possible and read reviews from other users before choosing which bots to use.

The post Crypto Auto Trading Bots appeared first on Altcoin Opportunities.

Trading can be an exciting and lucrative way to earn money, but it can also be challenging and frustrating, especially when you don’t see the results you were hoping for.

Cut The Chaff, Learn FASTER

There are many trading courses with a solid approach, but learning their content requires hours of watching professionally created, informative videos and reading through chapters of well organized text… just to find the nuggets of wisdom that are important for YOU.

Great news is – in 2023 there are new and amazing tools available that can help you vastly speed up your learning time so you can more quickly improve your trading skills and increase your chances of success.

One such tool is ChatGPT, a powerful AI-powered platform that can assist you in learning every aspect of your trading approach as the markets move through their cycles.

Learn to Trade Better with ChatGPT

As a language model, ChatGPT can certainly help you learn about trading methodologies and provide guidance in becoming a better trader. Here are a few ways in which ChatGPT can serve as a coach in learning a specific methodology in trading:

Explaining the methodology:

ChatGPT can explain the concepts and principles of a trading methodology in a clear and concise manner. By understanding the methodology’s core principles, you can gain a better understanding of how it works and how to apply it in your trades.

Answering your questions:

As you learn about a specific methodology in trading, you may have questions about how to apply it or how it relates to other trading concepts. ChatGPT can provide answers to your questions and help clarify any confusion you may have.

Providing examples:

ChatGPT can provide examples of how the methodology has been used in the past and how it has performed under different market conditions. This can help you better understand the methodology’s strengths and weaknesses and when to use it effectively.

Offering personalized guidance:

ChatGPT can provide personalized guidance based on your trading experience and goals. By answering questions based your individual needs and preferences, the automated teacher can help you Learn to Trade Better with ChatGPT by developing the understanding of the specific part of the trading plan that you are asking about.

This AI chatbot coach can adapt to different student learning needs and styles. By providing personalized responses and resources based on the student’s questions, the AI chatbot can effectively support their learning and help them achieve their goals.

ChatGPT can provide different explanations of the same concepts by utilizing its vast knowledge and understanding of language. The bot can use the AI technology to draw upon its understanding of related concepts to provide a more comprehensive explanation of the specific course materials.

AI – The Tireless Coach

An automated chatbot can serve as a tireless coach and encourager by providing consistent and personalized support to users, 24/7.

Unlike a human coach, a chatbot can be available at any time, which means that users can access support and guidance whenever they need it, without having to wait for a scheduled appointment or session. This can be especially beneficial for users who have busy schedules or live in different time zones.

An education assistant chatbot provides personalized feedback and encouragement based on the user’s progress and goals.

By analyzing the user’s interactions with the chatbot and tracking their progress over time, the chatbot can provide targeted feedback and encouragement to help them stay motivated and on track.

For example, if a user is building the daily habits of following a new trading strategy, the chatbot can help them remember key concepts and apply the strategy effectively. It can also provide positive reinforcement when the user makes progress or achieves a specific goal.

Judgment-Free Instruction

Furthermore, a chatbot can provide a judgment-free environment for users to ask questions and seek guidance. Since the chatbot is not a human coach, users may feel more comfortable asking questions or seeking feedback without fear of judgment or criticism.

As a user, I have found that utilizing an education assistant chatbot has greatly improved my learning experience – and I was immediately excited to add this benefit to help the members of my crypto trading course.

The judgment-free environment provided by the chatbot encouraged me to ask dumb questions and I was ok to ask several times to seek clarification on topics that I may have been too embarrassed to ask otherwise.

This one change in the way the information was presented really allowed me to fully understand the material I was learning. In fact – it blew me away, and I recognized the massive change that will sweep through all educational platforms!

The chatbot that I used gave me greater confidence in my understanding of the information I received in that course. Boom. That’s the kind of learning that changes behavior!

The personalized feedback and guidance provided by the chatbot was… almost spooky because it was based on my specific questions. By analyzing my interactions with the chatbot, the ChatGPT powered educational coach provided me with targeted feedback and guidance to help me get more out of this course, FASTER than most others.

My first experience using an AI powered chat bot to help with learning a specific course – totally blew me away.

I knew it would be a game-changingly powerful tool to help my course members Learn to Trade Better with ChatGPT.

If you are struggling to understand a particular concept or need additional support to achieve your learning goals, check out my course.

The post Learn to Trade Better with ChatGPT appeared first on Altcoin Opportunities.

I’m John. I’m from the great white north, but it’s not that cold in my part of Canada.

Well, let me tell you a little story about my own experience with crypto trading.

Back in the day, I made some money in the bull run of 2017… and I thought I was a real hotshot when it came to investing in crypto.

But boy, was I wrong.

Since then I made all kinds of rookie mistakes, like buying high and selling low, getting hosed by sudden market shifts, and generally just proved that I did not actually having a clue what I was doing. It was a real gong show, let me tell you.

But instead of throwing in the towel, I decided to do something about it. I started learning all I could about copy trading services and automated trading bots, trying to figure out how I could leverage these tools to help me get back on the right track.

How Bots Changed My Life

And you know what? It made all the difference. By using these services and bots, I stopped being so addicted to watching the charts because I knew my bot could stay on top of the ever-changing crypto market.

What a relief.

Sure, there were still some bumps in the road along the way, but I sure stopped having all those horrible days of stress worrying about my trades. And now, I feel like I’ve got a real handle on things (and I’m a lot nicer person to be around).

So, if you’re feeling like a terrible trader yourself, it sucks… that’s for sure, but don’t give up hope. hahaha you don’t have to do the trading!

There are all kinds of resources out there that can help you improve your returns, with copy trading services, automated bots, or good old-fashioned research and analysis.

Q: What is the most successful crypto trading bot?

Finding a reliable crypto trading bot that aligns with a diversified portfolio approach can be a real mess, eh? Especially if you’re new to the crypto game, it can be tough to know where to start.

One of the biggest issues with a crypto trading bot is how volatile the market can be. The price of crypto can dump faster than you can say “double-double,” which makes it a challenge to keep your investments on the up and up.

That’s where a trading bot can be a real lifesaver, bud. With a proven track record of success, a good bot can help you ride the ups and downs of the crypto market with ease. Plus, with a bot that takes a diversified approach to investing, you can increase your odds of catching those unexpected pumps that make crypto famous!

When you’re on the hunt for a trading bot that fits the bill, make sure it trades a wide variety of cryptocurrencies against the same trend following strategy. The long term track record already proved the risk management strategies, and the track recork also proves that the bot takes profits when the altcoin season wave has run its course.

That way, you can get in on the crypto scene without watching the charts all day in case you might be getting hosed by sudden market downturns.

So, whether you’re a newbie or a crypto veteran, a solid trading bot can be your bestie when it comes to investing in the world of crypto. Just make sure you do your homework and find a bot that’s the real McCoy, and you’ll be laughing all the way to the bank, eh?

Q: What should I look for when researching cryptocurrency trading bot?

You’re really looking for a crypto trading bot, aren’t you?

Well, let me tell you, it’s not just a matter of finding the first one that comes down the pipeline. When you’re researching automated crypto trading bots, there are a few key things you should keep in mind to make sure you’re not getting rekt on autopilot.

First off, make sure the bot you’re considering has a strong track record of success during altcoin season bull markets.

Look for a bot that has a proven ability to catch market trends and keep those profits. Those two things don’t always come together in the same bot like you think they would…

Next up, you want to make sure the bot you choose has a wide variety of cryptocurrencies available for trading. The more coins it has access to, the easier it will be for it to diversify your portfolio and increase the odds of catching some insane and unexpected moves.

Finally, you want to make sure the bot you choose has a maximum drawdown limit on any individual coin in the portfolio. Crypto trading is proven to be risky business and it certainly will continue to be risky and uncertain in the future. Make sure your bot is going to protect your investments against sudden market shifts and downturns.

So, whether you’re a seasoned crypto pro or a forever-newbie by choice, like me, these are the things I look for when researching crypto trading bots.

Stick to these guidelines, and I’m betting you’ll be able to find a bot that can help you stay on top of the ever-changing crypto market, keep your investments protected and most importantly – gives you back your peace of mind.

Leverage Bot? or Spot Bot?

A guy on our Discord forum asked me

“should I follow a high leverage bot that does longs and shorts or should I follow a spot trading bot that can only buy low and sell high?”

As a long term guy who favors trend following with small positions in a diversified portfolio, I would generally recommend that you consider following a spot trading bot that can only buy low and sell high.

The reason for this is that high leverage bots that do longs and shorts can be super risky, and high frequency short-term trading may also give you huge tax headaches.

Listen up, bud! I say it a lot and people seem to skip over this…

If you’re lookin’ to limit your risk in crypto trading, you might wanna focus on markets that are makin’ bottom formations off of historical lows. These markets have already taken a hit, so there’s less chance of ’em droppin’ even lower.

I’m ok to wait for those bottoms. We only need to double our money once a year so it can sit there doing nothing for months until the right time sets up – and all is good.

Think about this obvious fact, if a market is makin’ a bottom formation off of historical lows, there’s a good chance it’s been oversold and is due for a rebound.

Now, don’t get me wrong, there’s always gonna be a risk involved when you’re tradin’ crypto. But by focusin’ on markets that are bottomin’ out, you can help to reduce your risk and increase your chances of long-term gains.

My Successful crypto trading bot

By doin’ your homework and keepin’ an eye on market trends and current events, you can develop a solid strategy that’ll help you navigate the wild and woolly world of crypto tradin’.

Ya gotta do your own research but start with well known services like BitGet Copy Trading or 3commas for great bot selections. You are sure to find a successful crypto trading bot to match your needs.

The post Where can you find a successful crypto trading bot? appeared first on Altcoin Opportunities.