You can potentially lose
You can potentially lose. Try practice bots. You really have to understand option trading to win it. Most of the time the bots only work in bullmarket. If it's choppy or it takes a big loss. You will be out. Yeah it can win some small wins. But one big loss can wipe out most of your gains. it's the name of the game with options. You also have to worry about assignment. You make money with theta selling options but it's really slow. How safe is it. Trade only what your risking to lose. The platform is pretty limited on indicators. They only offer what they have. Like MACD and RSI. They do have bot templates. Most of them are like 50/50 for wins. They also offer their studies. 60% chance of on SPY from the past. But past doesn't equal the future. Its does monitor exits or entries. Backtest is kind of useless because the past doesn't equal future performance. The backtest are also limited. You do not own the bots or data. The only thing you own is your wins and losses. They connect the bots via API so they never touch your money. If your season option trader who knows options then go for it. If your brand new and don't trade options don't understand how they work I would stay away. I'm still looking for a good stock trading bot or crypto trading bot but I doubt they don't exist. This is rich person hobby. Will this make you rags to riches probably no. The bots are situational and seasonal. As for me. What happened to me. Buh bye. Community is nice and helpful. But trading is hard. either you make money or you don't. It's 50 50 coin toss. The MM's are against you. Casino wins most of the time.
By hatescoinbase