In my first article, I introduced Kryll platform.
In the second one, I explained how to setup your Kryll account and run a bot.
Finally in the last article, I showed some results from Maya strategy and some explanations on how the bot behave.

Portfolio Diversification

Today, I'm going to talk a bit about portfolio diversification and risk management.

First, do not allocate all your funds to bots. I end up having almost half of my assets managed by bots and the other half for manual trading.

Now, let's focus on the portfolio diversification with the bots.

I tend to mix swing trading strategies (mid to long term strategies -- at least 3 months -- ideally at least 6 months) and day trading ones (short to mid term strategies).

Swing strategies, compared to day trading ones, wait for rather big changes and you won't get that many trades per day running them.
That does not mean that they are less profitable than day-trading ones, as those ones are usually a bit more risky.

Maya is a swing strategy, recommended for the ETH/USDT pair.
I wanted another strategy for a BTC/USDT pair and ended up running a Gekko strategy.

For day trading, I picked so far the ATTA strategy.
ATTA was released recently and as explained on its description page, the developer (the one who created Gekko as well) highly suggest to run multiple ATTA bots on various suggested pairs.

The reason is simple: one token may perform well, while the others not, and this might reverse in the future.
By running multiple pairs, you reduce your risks because it is less likely that all bots won't perform well.

Swing Strategies

Let's review my swing strategies:

I'm running two Maya (the later one launched at the same time with a coworker) and Gekko.
Gekko did only one buy and one sell order but turned out this was a bad trade.
Since the last 10 days, Gekko has not placed any other order, waiting for a strong signal before buying again.

Day Trading Strategies

Let's review the day-trading strategies now:

You can see that I launched ATTA on 3 pairs: LINK/BTC, ATOM/BTC and SXP/BTC.

Let's see in more details what ATTA did on those three pairs.
All those pairs were started on September, 8th at 7pm GMT, so about 10 days ago.

LINK/BTC

ATTA lost some of my initial BTC amount (0.02 BTC) but did pretty good compared to what I would have had if I had hodl.
I lost 3.151% vs 18.723%!
Seems like a looser and the temptation to stop it could be there, right?
I won't stop it. The reason is that basically, I expect LINK to rise again over BTC and I may miss the good timing by stopping the bot.
After all, 3.151% is not that bad. I'm pretty sure you've experienced way more than that before :)
Finally, even if I lost some BTC, they rose. So I end up with a bit less than $1 of profits.

ATOM/BTC

Like the LINK/BTC, the strategy is loosing some BTC.
But still my loss are 2.147% vs 9.566% for buy & hold.

SXP/BTC

This pair is doing really great: 5.548% vs -15.508%.
Quite a good achievement in 10 days, right?

Let look at the timeline of orders:

Definitely a snipper :)

As I plan to run some new bots with potentially some new strategies, my next article will most likely talk about that.

I intend to do a recurring weekly recap of the performance of all strategies and share the results as well.

Once more, let me know in the comments if you'd like me to cover other topics!