How I Earn $6,000/mo from with Semi-Automated Crypto Trading on my Mobile Device

(I have multiple bots running, each making about $1500-2000 per month)

I share my experience freely.

There is no upsell at the end of this blog.

No invitation to buy a course.

What I share here is only ONE strategy among many.

There are lots of different ways to make money with crypto bots, and this is what has been working for me.

I do share my affiliate link for Pionex exchange, but I do not get paid. I get 20% off trading fees as a rebate when people sign up.

This entire blog is available in video form at the bottom of the blog. If you prefer to watch a video, scroll to the bottom.

What if you could buy a new income stream instead of working for it?

That is how I view crypto trading bots.

Who am I?

I’m Chris Morton.

Credentials here : https://www.linkedin.com/in/mortonchristopher/

I’m a guy from Dallas, Texas, currently living in Washington state.

I’m definitely not a financial advisor. Nothing on this channel should be construed as financial advice.

I started trading crypto in 2017, and I started testing various crypto trading bots in 2020.

Never really had any success till this year.

Did I mention I’m not a financial advisor?

I have no experience in traditional finance or day trading.

I’ve owned some stocks and stuff like that, but I’ve never traded to the degree that I am with crypto now, sitting here and trading a good chunk of my day.

I’ve had never done that before 2023.

That didn’t stop me from turning $10,000 into about $2,000 a month average income.

I know that sounds crazy.

Too good to be true.

Honestly, when I first came up with the concept, I said to myself “surely it can’t be that easy”.

And back before there were crypto trading bots, it really wasn’t that easy.

You would have to sit by your computer all day and set limit orders and have a few displays constantly monitoring all of them and reacting.

It took time, and a lot of attention.

Now, bots take most of that away from your plate, if you let them.

They do about half my trading for me.

I’d never get into full time day trading, but I can use bots. I’m about that speed.

I’m learning to day trade, only to understand how to use bots better.

My results may not be typical at all. I really don’t know. I’m kind of trading all by myself, flying by the seat of the pants. And now that I found something that worked, I kind of want to share it.

Crypto is a volatile market, and if you’re jumping in to make some quick gains, especially at the crest of a bull run or a larger market fluctuation, you’ll probably lose money,

I did back in 2017 when I first jumped in. I threw some money in the pot, and then the market falling took the wind right back out of my sales.

So just be very careful on that note.

In the crypto world, you’re going to hear the term not your keys, not your wallet, or not your crypto.

Google it.

Exchanges can be dangerous, and what I’m about to suggest is going to put your money at risk because you’re going to be putting it on a centralized exchange.

You can do the same kind of trading on a decentralized exchange, but I have not yet found a bot that is as easy to configure as the Pionex bots, so I am still using Pionex. They are excellent training wheels!

Start Small, Let Your Bot Do The Work

When I first started, I only invested small amounts, and that’s okay.

That might be what it takes to gain your confidence.

That’s certainly what it took for me to become confident.

So even though I call this my “10k Crypto Bot” strategy, just know you shouldn’t start with $10,000 unless you actually feel comfy with it.

Based on my experience though, I needed about $10,000 to see the kind of returns that I wanted.

And I’ll explain that here in just a second.

After a couple of years testing, trading with various different bots, and failing, I found something that’s been working consistently for me.

I put $10,000 into an ETH bot, and within 5 months I had another $10,000. So I started my second bot, this time on LTC, then after 4 months I had another $10,000, and I started a BTC bot — for a total of $30,000 running in 3 bots. That all happened in less than one year.

I am now half way to another $10,000 bot.

I didn’t ever put another dime of my own crypto into the bot.

I have grown the pile using the bot alone.

Swing Trading Theory

If mainstream cryptocurrencies swing in value an average of 3% to 5% daily, and if you go look at the history charts, this is pretty true.

Do you think it’s possible to capture some of that?

Hell yes it is.

Ask yourself, how much profit do I need to make to make this worth my time?

And what I mean by that is what’s really going to keep you engaged and in the game.

How much do I need to actually hit that goal?

Be honest with yourself.

When I started, I only invested small amounts because I ended up giving up several times because I never really earned enough to motivate me.

For me, the magic number was about $2000 a month.

That’s what would really drive me.

And so that’s what I crafted this bot around.

In order to earn $2000 per month, I’d need to profit an average of $66 per day.

So let’s do some basic math.

If I invest $1,000 into a crypto bot, and I configure it to try to capture about 1% of the daily value swing, how much am I going to try to capture?

1% of 1000 is $10.

That doesn’t really excite me.

If my bot’s profitable, it’s going to be capturing $10 each time.

What about $10,000?

1% of $10,000 is $100.

That is a bit more exciting.

So I need to invest about $10,000 into my crypto bot to see the daily results that are going to motivate me.

Let’s get to the bot!

My favorite trading bots are Martingale bots, and it’s a special kind of bot based on an old slot machine strategy that performs way better in the market than it does on a random-chance machine.

Martingale buys incrementally as the price dips and then sells all at once.

You can see from this graphic my bot has made several purchases all the way down to 93.

The price is currently sitting a little bit in the negative and now it’s waiting to jump up to $96 and it’s going to sell all of my holding at once.

This distributes the risk over a dip and only sells for a profit when the upswing starts again.

This is why I say it’s best to only bet on coins you know are going to have a future that you’re fairly confident about.

Do not use this strategy on a new sh*tcoin that just came out earlier in the week and might very well spike, tank and then never rise again.

You’re only going to lose. No point in doing that.

It’s best to trade on trusted mainstream blockchains like Bitcoin, Ethereum, Litecoin, things like that.

Unknown and volatile coins should be avoided unless you’re just comfortable and want to take on the risk.

So let’s go ahead and configure a bot!

Once you’ve created an account and deposited your initial crypto into Pionex, you can start the trading bot.

You’ll need to exchange your crypto into USDT or some kind of stablecoin that trades against the coin you want to run a bot on.

So let’s open Pionex.

I am using my mobile phone app in this example, you can also use your desktop or a tablet, but it may look a little different.

You’ll click where it says bot, and then after you click on bot, you want to create a trading bot.

Once you have pulled up that page, you’re going to select the DCA Martingale bot and then select standard mode and then you’re going to want to customize your bot.

The default settings are different in each program, but I always go through and customize them based on the market condition.

So I’m going to use custom settings.

In this example, I found that using AI settings or the standard settings I’m less profitable, but it’s generally safer because the bot will default to 8 buys.

The AI settings configure them to choose the side of safety.

How do I know how to configure my bot?

You need to look at the price history of the crypto that you wish to trade with your bot.

To do that, if you’re in Pionex, you can search for the crypto and then right next to its name, you see a little icon that says chart.

If you click on chart and it’ll pull open the coin price history.

So here’s the price history for Ethereum — I’m looking at the day chart.

Each price you can assort by one day, seven day, one month.

You can view macro or micro on the timeline.

And the biggest swing today has been 2.41%.

So if I were to configure a bot for what is going on that day, I would set my settings to something more like 0.3%.

Three buys at 1.5% price scale.

This means it’s only going to make three purchases.

In increments of 0.3%- when price falls by 0.30%, the bot buys, then the second buy happens at -0.60%, buying 1.5x more than the last purchase, then when price crosses -0.9%, your full position is invested. (all your money is now crypto)

I’m adjusting the settings this way because it’s a relatively flat day for the market. Not a lot of swing happening.

This is a riskier bot, generally speaking.

Here’s my week chart.

This is the week for Ethereum instead of just the day, I can see that it has swung by about 10%.

This is where — over the course of the week, I might want to use a wider spread in my settings and capture more of the swing.

It’s swinging more, so I have more potential to capture bigger swings.

Then I zoom out and I look at the month chart and we can see that it’s gone up over 20% for the entire month.

So for the day it was about 2%, for the week it was about 10%. And for the month it was about a 20%.

This is where you kind of need to be mindful and adjust your percentages on the fly as the market shifts.

Which is why I call this “Semi Automated Crypto Trading”.

This strategy is not “set it and forget it”.

I make sure to put in a stop loss if I’m just going to let my bot keep running without me watching, because if I don’t, I could end up losing my gains just as fast as I made them.

If price can fluctuate by going up 30% in a month, it can equally go down 30% in the following month.

So let’s discuss an aspect of my trading strategy that is very important, because if I just leave my bot running, I actually missed the opportunity to grab a bunch of profit.

So I started doing something.

I call it “See $100. Take $100.”

What it really means is that when I log into my trading bot and I see this, see, right now, this trading bot is in $102 profit.

So I’ve profited $102.

Now, and without hesitation — I stop my bot, sell off, close it, and restart it.

And the reason I do that is that, let’s say it’s hovering right under a sale.

So it wants to sell, let’s say at $950, but the price only gets up to about $945.

I might have $100 something total profit displayed in the app, but later that day, it will dip back down.

It never actually achieved the sale, so I lost the opportunity to capture that profit.

So what I’m doing right now is literally the key to my strategy, which is nudging the bot by handling it manually, closing it out, capturing the profit, and starting the bot again.

My little profit captures that I do every day, every few days are literally the secret sauce and the difference between only making a few hundred a month or making the target that I wanted to make, which was $2000.

From 1 year of experience, I’m just more profitable over time doing this way.

So far in the last year of testing, I’ve been able to capture about $100 every 1–3 days.

And sometimes it happens multiple times in a day.

It just totally depends on how volatile the market is.

Sometimes I can capture more than that.

I set my Litecoin bot to 10% profit take one day.

I just set it that way, and it actually swung up by 17% that day.

I had captured 10% of my $10,000, and I profited $1,000 in a single day.

That was super sweet, but it was kind of a fluke and definitely some luck.

I didn’t know that was going to happen to Litecoin.

If you do have advanced information, sometimes setting a wider spread is a smart choice and you’ll be very happy with the results.

So if I can capture $100 — 20x in a month, I hit my goal. $2000 per month extra income.

After watching $100 go bye bye many times because I didn’t act — I started acting, manually stopping the bot and restarting it to capture profit.

And the difference is night and day.

So why do I think this works?

I kind of just described it. I’m just nudging the bot. I’m giving a little help, instead of letting it fly on its own.

You can reinvest your profits as I do or use it for whatever you wish.

You now have a money faucet. Manage it well!

That’s pretty much all there is to my Insane 10k Crypto Trading Bot.

Thank you for reading, and I hope this accelerates your journey like it has mine.

Here is the video version of this blog:

Here is the follow up video where I go more in depth on my strategy :

🖥️ My Pionex (USA) referral link : https://www.pionex.us/sign/ref/Nlyjd7Fh referral code = Nlyjd7Fh

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