#BotOrNot #BotOrNot My 3-Day Experience with Binance’s Trading Bot
Discussion:
I invested $200 in Binance’s trading bot as an experiment. Using technical analysis on BNB, I set resistance and support levels based on the past seven days. The bot was configured to buy when the price dropped by 0.23% and sell when it rose by 0.28%.
In three days, it executed 22 trades. The final profit? Just two cents.
Had I simply bought and held BNB for two days, I would have lost $2 instead. While avoiding a loss is a plus, the profit is negligible. The bot also demands frequent adjustments, and in fast-moving markets, it can quickly become ineffective. In a real bull run or crash, extreme price swings would likely render it useless.
