The Aviator fight didn’t end well. Before rigor mortis set in, I divvied its assets between two other bots. It is gone from the farm, and it will never haunt my fields again. Despite my obvious frustration, it did teach me some valuable lessons:
- Less patience: I thought I was being “fair” to the bot by giving it another chance. Last month, the bot messed up. This month, it was heading down a dangerous path. I should have let June teach me the lesson. Unfortunately, it made a profit in a less volatile market in May. Without this profit, I would have had no hesitation. I am unsure what loss level will cause me to pull the plug. It won’t be two months in a row of substantial double-digit losses.
- Well-Tested Bots: I won’t give my money to bots without a record. Have they been back-tested? Is the bot provider providing a structure to properly support the bot(s) they market? The University of Options may have a couple of effective bots, but the Aviator bot is not. I will not be buying any more bots from them.
- Multiple Forex Pairs: The Aviator bot only traded 3 Forex pairs. So, when it only has these pairs to trade on, it will get caught in both the positive and negative trends. With ample negative trends lately, it had its future “stacked” against it. I have nothing personal against the bot, but this type of bot will not be on my farm again. (I realize the Gold bots trade only Gold. I recognize my foot may sometimes take up residence in my mouth.)
- Nurp Bots: Of the bots I operate, the NURP bots I most trust are the NURP bots. In a risky environment, their bots are the ones who are most likely to do what they say they will. On the bad side, they have a substantial cost to access their products. Once you can access their bots, the monthly fees per bot are higher for smaller account sizes. But, when a bot is trusted with your money and could easily lose all or a portion of it, choosing the right bot is critical.
Of course, I believe bots are a good way to grow your investments. I would not put a substantial portion of your retirement into them. (< 5%) Using risky tools in a non-risky way may seem contradictory, but it is possible. In case you have any doubts, your financial advisor will discourage you from trying them. 😉
