March 1, 2021

BOTS Blog: Is fully automated day trading possible in 2021?

BOTS is going to turn the world of investing upside down. Algorithmic trading will become available to everyone in the world, not just the richest 3% in the world. To help you get started with the BOTS app, we've created some informative videos for you.

BOTS Blog: Is fully automated day trading possible in 2021?
BOTS Blog: Is fully automated day trading possible in 2021?

What's BOTS?

The BOTS app is an open platform on which expert developers offer their bots. These bots invest for you. They make their choices based on artificial intelligence, machine learning and algorithms. So bots are actually automated trading strategies.

With our app, the best trading strategies are now available to you. And not only for the richest 3% of the world. In this way, together we will turn the world of investing upside down and make it fairer and more transparent.

Automatic day trading

Simon asks whether in 2021 you will have the possibility to day trade fully automatically?

He checked it out and shares his findings with you in this video.

What is day trading?

With day trading you mean that you buy and sell certain assets on the same day. Of course this involves a financial risk, although the purpose of this strategy is to gain profit. If you want to do it right, this will cost you quite a lot of time. Also you'll need a fair amount of knowledge to be able to do this properly.

So you can do day trading all by yourself, or you can outsource it to an app which uses algorithms to trade for you.

The BOTS app is such an app. With the BOTS app, you basically don't need any knowledge and trading won't cost you any time.

But can the BOTS app really achieve the same as the people who still do it themselves?

Simon checked with Arthur. The head of the bot creator team at BOTS. In addition to his work, Arthur is also an experienced trader. He does this both himself and in an automated way.

The BOTS expert has his say

"The short answer to this question is absolutely yes," Arthur explains, "but of course it also depends on what you understand by day trading."

As indicated earlier, day trading is mainly about the moment of buying and selling. This should happen on the same day. But if you handle this timeline in a slightly more flexible way, an app, in this case the BOTS app, can achieve the same results. Maybe even better results.

"The algorithms available in the BOTS app are basically strategies used by experienced day traders. All you have to do as a user is start a bot with a certain deposit and then stop looking at it for a very long time." Thus Arthur. "So you never have to wonder when the right moment is to buy or sell. That saves a lot of time. And stress, of course."

Advantages of automatic day trading

The biggest advantage of automated trading is of course that it will save you a lot of time. Time you can spend doing more fun things, while the bots in the BOTS app do the work for you.

Self day trading is a more than full time job where you are staring at different screens all day long in order to buy and sell at the right moments.

Another big advantage, according to Arthur, is that it also saves you a lot of stress. BOTS don't know emotions and therefore won't make choices based on emotions. Something people do on a regular basis.

Disadvantages of automatic day trading

You're gonna have to trust the algorithm that's working for you. In other words, in the bot. You have much less influence on the outcome because the bot does all the work for you. So you'll have to let go of that control for the best result in the long run.

Arthur indicates that if you really are a very good day trader, you'll probably be able to achieve a higher return than by using the BOTS app. This is because the BOTS app puts the focus on the long term, whereas experienced day traders are able to achieve returns on a much shorter term.

If you are not that experienced, the BOTS app is a much better alternative for you. The risk is reduced and in the long run the returns are higher.

Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Are you interested, but your question hasn't been answered yet? Take a look at the FAQ's on our site. Or contact us, we will gladly explain it to you in person.

Need any help with anything?

If you still have questions about the BOTS app, do not hesitate to contact our support department.

On our YouTube channel you will find other instructional videos that might help you further. You are also very welcome on our Discord channel.

The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.