money managment

[magictrade]

how do you manage you money ?

how much % of you balance to you need for gunbot ?

the last trys, i have trade for example 40 pairs on polo and have used my hole balance and split it throuth 20 (thats the value for each pair)


i do it with the idea, that, if gunbot make profit, that it can buy another pair and that are more theoretical trading possibilitys = more profit.

on the first week, it work amazing, but than the market crashes a little and gunbot bought to much "bags", that are open for weeks and block the hole balance and so gunbot can make no new trades ):

maybe that isnt a good idea, to take the hole balance or use to much balance per trade ?

and whats about reinvesting the profits ?

[WarriorBoi]

What I do is generally use 10-30% of my equity on each trade. When the market dips Ill sell a few bags to free up for new trades, but keep the rest in bags as they will pop as well. Right now however, as the market seems to be on a downtrend, it is hard to say. Unless you see some signs on an uptrend, its sometimes best to go into tether to keep your equity. Depends on the situation. Hope this helped!

[valdest]

Id est if all sum of brief-case will we say 1 btc, then for trade on every pair to take 10-30% from all sum? Will we say I trade btc _ eth=0.3btc, btc _ lbc=0.3btc, btc _ burst=0.3btc or it is needed to divide 30% (0.3btc) into all pairs?

[magictrade]

thank you !

do you have some free balance ? or do you use you hole balance ?

atm a seeling-bot where fine ^^