While this bot does not require any expertise to use, it requires the user to observe some rules to get good results out of it. Here are some tips to help you hit a homerun with Bitcoin Optimizer.
- Start small – In trading, the emotions of fear and greed are the two biggest barriers to success. Depositing a lot of money is likely to result in anxiety and hence tempt you to end trading sessions prematurely. You should start with a deposit of not more than $250 and grow your account by reinvesting at least half of what you make.
- Trade the ET daylight time – This is the time when live trading happens in New York Stock Exchange (NYSE). The NYSE is a big driver of crypto volatility given the high number of crypto-related derivatives traded there. For instance, bitcoin futures worth over $5 billion are traded there daily. Bitcoin Optimizer performs optimally during periods of high volatility.
- Trade for at least 8 hours daily – Open a trading session at 8:00 am ET and let it run for 8 hours unmonitored. Do not be tempted to check your account since this is likely to lead to excitement hence tempt you to interrupt trading.
- Get a trading buddy – Recommend this bot to a close friend and request them to walk the trading journey with you. You should keep each other on toes and compare performance to determine what works best.