With last week’s ransacking of my bot farm, it appears the same God who let me sleep during that time is allowing my Dalio bot to give me some small joy.

When Dalio had its hiccup two weeks ago, I was concerned about whether it could close some of the open trades in profit. (I still think NURP made some subtle changes to the bot then, but their story is still, “It was a licensing issue.”) As I did one of my random “I trust you, bot, but I just need reassurance” checks last night, I watched the AUDNZD pair close out with a nice profit. As I watched the price drop, I thought, “Maybe I should help it out. What if it doesn’t make it where it needs to go?” Fortunately, it cleared the hurdle and concluded a very good month for me. (Of course, this is in contrast to the chaos in my other bot.)
Is the good month bittersweet? Absolutely. With last week’s lessons processed, I have only the lessons remaining (and what was left in the account after I closed all of the trades):
- You must be a special bot to be trusted with a 6-figure account.
- If you are a bot I trust with a 6-figure account, I won’t trust the wisdom of the masses. I will set Stop/Losses at 15-20% to preserve the lion’s share of my account.
- If an old bot has a couple of flaws BUT preserves equity, maybe I should consider it again. (More to come on this.)
- Bots are NOT to be trusted with all of your retirement. Don’t switch all of your IRAs and other investment vehicles to bots. You will love yourself UNTIL you hate yourself. The bots are not perfect. Black swans are born at unexpected times. Don’t be caught relying on an account when a black swan pays a visit.
With a final word on last week’s losses…I learned nothing new. Trusting is even more valuable than it was before. And, even when I trust, I will limit the amount of pain that can be inflicted.