Is it possible to daytrade fully automatically in 2021
Is fully automated day-trading possible? Could hectically staring at multiple computer screens be replaced for Netflix and chill on the sofa? Let’s look into day trading strategies and discover why you should keep an eye on automatic day-trading with algorithms and bots.
Sit back, relax and enjoy the story!
What is day-trading?
Let’s start with the basics: what is day-trading? Day-trading is the buying and selling of securities (such as stocks, bonds, cryptocurrencies and so on) on the same trading day. Day-trading comes with quite the risk. But the goal of this strategy is to generate profit — and lots of it.
You must’ve seen The Wolf of Wall Street, Jerry Maguire or other blockbusters where crazy stockbrokers frantically shout BUYYYY and SEEEELL at the stock exchange. Well, that’s the Hollywood version of what day-trading is all about. The only difference between those movies and real-life is, well, pretty much everything.
Is automated day-trading possible?
First, there’s a lot less yelling involved. Second, nowadays, you can actually day-trade at home, in your pyjama’s, while watching Jerry Maguire do the old school day-trading on Netflix.
Now, there are several ways to day-trade, but I’d like to focus on my favourite one: the form where you don’t need any knowledge, experience or time…
Yes, of course, I’m talking about day-trading with the BOTS app. It allows you to take your foot off the gas and just go fully automatic. The BOTS app works with intelligent algorithms designed by professional traders. These algorithms, called bots, are explicitly designed to buy and sell at the most fortunate moment. As they function based on artificial intelligence and machine learning, they continue to improve themselves and leave no room for human error (such as quickly selling all your investments when you see the slightest dip in the market).
Trading without any knowledge
Where day-trading is usually a tiring job that involves a lot of staring at computer screens all day long, automated trading with BOTS makes day-trading possible without the stress, doubt and exhaustion that could typically come with a day of day-trading. And we’ll do you one better: as the bots know exactly what to do, you don’t need any knowledge or experience.
While you focus on your work, hobbies or other fun stuff, your bots in the BOTS app are doing the trading for you. You can check in every so often to see how things are going, but even if you’d decide not to — these fellas will just continue to do their thing.
Day-trading with algorithms
The only thing you do need, is a little faith in the bots that you select to do the trading for you. Most algorithms work well and produce nice returns, but you do have less influence over them. Do keep an eye on the type of bot you select to do the day-trading for you. Most bots are designed to make the most significant profits in the long run. So if you want to invest in actual day-trading (buy and sell your currencies on the same trading day), make sure you do your research and find the bot that suits those desires best!
Would you like to learn more about the BOTS app or get some more trading in cryptocurrency tips? Just continue reading below.
See you soon!
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.