From Novice to Expert: Interview with an Experienced RevenueBot user


With the speedy progression of financial markets and related technologies, trading bots are now a go-to tool for a large number of investors looking to streamline their trading strategies.

In this article we will take a closer look at the world of automated trading through the eyes of a seasoned user of our platform and discuss some of the challenges they encountered early on, their approximate monthly income, as well as check out a couple of tips and tricks for beginners. 

What is your age, education, and how did you learn about crypto?

I’m 32, out of college, graduated as a coder. Discovered crypto back in 2020, during its mining boom. Until then I knew there exists such thing as crypto, but I didn’t know much about it.

How did you arrive at the idea to trade on crypto market? Did you have experience trading on traditional markets at the time?

Well, I had no specific experience in crypto trading, but I got familiar with crypto in general thanks to Ethereum mining between 2020 and 2022.

When and how did you find out about RevenueBot?

It came about when ETH mining started to wind down (around May 2022, to be more specific). I understood first-hand that exchange rates here can be extremely volatile, not just rising endlessly or crashing to zero. And I soon found myself trying out this investment thing, buying low and selling high, taking some small profit margins. Now I know things are not that easy in the market. 

And then I thought that this process could surely be automated so I went on to a search engine to look for some kind of ‘trading bot’. That’s how I came across RevenueBot in the first place, enough to drive a search query. Website reviews for it were mixed back then. Apparently, there had been a fake website with the same name that was scamming people out of money. Here’s the reason for the mixed reviews. No one wanted to admit that the actual RevenueBot team never scams people or gets the rights to dispose of their money – the only thing they do is just place orders.

That’s when I got to the bottom of the issue, rather quickly, and moved on to learn how to deal with the genuine platform.

Was it difficult for you to figure out the basics of the platform’s functionality? How long did it take?

In fact, RevenueBot turned out to be quite user-friendly, thanks to these quite detailed guides. It took a few nights to get to grips. Then I saw the first bot running on the recommended default configurations.

If possible, could you name us your most profitable month, in actual numbers or interest rate?

I believe the amount of gains won’t actually tell you anything since it all depends solely on the deposit made. Speaking of interest rate – the most profitable months were November and December 2023, when the crypto market got increasingly volatile amid the spot bitcoin ETF approval by SEC. Back then I managed to earn 20-25% interest per month added to my deposit. At all other times, the average interest added to the deposit was around 10-13%. Well, I just use configurations aimed at increased security rather than at generating more profit. For some, these figures may seem too small (in case of futures trading), but for me that’s enough.

Some time ago you said you taught your relatives how to trade using RevenueBot. Could you tell us about it in more detail – how did you come up with the idea, how your relatives took it? Were there any difficulties?

It was as simple as that. Here in our country, the economic situation has deteriorated due to the known geopolitical events of February 2022 so a huge number of people have lost their jobs since. As for me, I had to shut down a sports nutrition store that had made it through the pandemic and successfully operated all the way from 2017 till these days. The rest of the money I earned from running the store was invested in bots. 

My father was into apartment business – buying, refurbishing, reselling and so on. This affair, too, eventually began to bring ever less money. So when my father’s earnings dropped to a critical point, he turned to me for help. He was aware I’d been living solely on earnings from running a trading bot for over 2 years already. And let’s just say that in a little less than a month he grossed more than he did from apartment sales over six-month period.

Meanwhile, my brother works at a regular job, but in spare time he is trading with bots either. He’s been using the exact same strategy as me for a little over 2 years. His current goal is to increase his deposit to the point where he can leave his job.

In case of a long-term downtrend or uptrend, are you mapping out your strategy to avoid draining your deposit?

With RevenueBot’s native marketplace, this kind of question doesn’t give me much of a headache anymore. I was lucky enough to purchase a solid, thought-out strategy back in August 2022 which already provided me for risk management in such situations. Namely, going short at a certain rate of interest and price pullback, using so-called ‘deferred hedging’ and ‘auto-hedging’. On top of that, there’s a huge overlap with good entry points.

I’d be lying if I said that some purchased strategy gonna work it all out for you all by itself. Absolutely not! From my experience I’ve had to suffer a number of financial losses (which I luckily recovered from), but there’s no any other way. Over time, I customized the strategy in question to suit my needs.

Each time the market took an unexpected turn, I had to adjust the bot configurations in order to eliminate similar risks from happening later.

Any suggestions on what you’d change or add to RevenueBot’s functionality it has now?

As a whole, the functionality available is more than up to the task. One of my requests would be to be notified about a particular completed order (e.g. 5 out of 15), not just receiving notifications about the first or the last completed one, and also to be able to partially reduce the position sizing on that same particular order.

What tips would you give to RevenueBot newcomers who are not really experienced in automated trading?

Firstly, never chase a high profit, but instead to drive your strategy to maximum level of safety, even if it comes at the expense of earnings, and only then adjust it in favor of increasing said profits.

Secondly, do not ever hesitate to ask for feedback in the RevenueBot Telegram group. You are always welcome to ask the team/other users about something, rather than to risk your deposit by making mistakes that could have been avoided by seeking advice in the chat room.

Thirdly, RevenueBot’s native marketplace is no guarantee that once you buy a strategy you’ll start earning steadily right away. However, if you acquire a bot with a decent rating, you can either use its default settings to develop your own strategy or fine-tune it to meet your requirements.

The last tip would be the following: to survive a major dump/pump just make a small deposit first, and then, if you succeed, increase it.

138 views
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments