This page summarizes my investments for the month of November. This is a continuation of that page. There was one unfortunate thing that happened this month, and that was the liquidation on November 17. As a result, the profit earned by $1 Bot for the period from November 1 to November 17 was lost.
Two days later, I added $7 to keep the bot running. And topped up my Veles account.
My guess is that the liquidation was the result of Veles running out of money, causing the bot to stop with an error. Since the bot takes a commission on the profit it withdraws from the personal account. I assume that the bot stopped with an error at the moment when a position was opened, which the bot should have closed when the target was reached. But the position was not closed at the right moment, which led to a drawdown when the price reversed direction.
Liquidation could have been avoided. For this purpose it was necessary to open a hedging position at the right moment and for this purpose additional funds had to be available on the account balance. But in order to perform such actions one should constantly monitor the work of the bot. But I don’t have such an opportunity. I watch the bot’s work twice a day: in the morning and in the evening.
There is another way to avoid liquidation is to create a trading system that provides for such situations, but this is a topic for a separate article.
On Nov. 30, I added another $120
As of November 30, the size of my futures account is $137.48
If we calculate the total amount of investments for the month of November 1
That comes out to 10 + 7 + 120 = $137.
Given that I lost $8 in liquidation, the total at the end of the month is equal to the amount invested.
The thing is that after liquidation I reduced the leverage and robot deposit, so the profit in the second half of the month was insignificant.
If we summarize the work of $1 Bot for the month, all the earned profit was lost due to liquidation. The invested funds of $137 remained on the Binance account.
I connected two more bots this month, I’ll talk about that in the next article.