I built an automated cryptocurrency trading bot for Upbit using pyupbit.
At first, I thought running the bot would make me some money...
- Week 1: +8% return (got excited and bragged to friends)
- Week 2: -12% (panic sold)
- Week 3: Volatility was too high, so I just turned the bot off
Conclusion: You need to thoroughly backtest your quant strategies, and bots are poison in highly volatile markets.
Now I just buy ETFs for long-term investing lol