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It defies all logic, and we are not even taught it inside Dan Hollings The Plan, but sometimes stopping a profitable bot, even one earning over 1% a day (yes, that’s over 30% in 1 month) is a smart move. Don’t believe us? Read on…

The following is an edited version of the video transcript…

THIS IS NOT TAUGHT IN DAN HOLLINGS THE PLAN

Hello, it’s Jodie here. In this post, I am wanting to show you why we decided to close a highly profitable bot… which is something that Dan Hollings The Plan does NOT teach you.

I’ll explain how we actually had our money work for us and produce nearly 10% in an eight-day period. But more importantly, how it actually achieved a goal we were wanting, and why it’s time to actually now stop this little bot.

THE BACKGROUND STORY…

Let me run you through what has happened.

So at the end of January, I think it was the 30th of January, I started a bot that doesn’t exactly meet the settings that Dan Hollings The Plan suggests.

It’s using his HODL bot settings, but Dan Hollings The Plan suggests putting on crypto bots at around $3,000. It’s not a big deal if you do go down to about $2,000, but for this particular case, we started the bot with just over $2,000 with a more important goal of reaching 1000 in Matic coins.

We were wanting to just buy some Matic and put it aside, put it into a savings account. It’s a coin we believe in, it’s Polygon as the actual token, and we wanted to be able to buy it.

And I thought, well, rather than just go and buy Matic outright as most people do, let’s see what we can do with a bot – see if we can achieve two goals. Which is reach 1000 Matic coins, and still have a bot profit paid out so we can use that elsewhere in another bot. And tick, tick with each goal!

This might actually answer some questions for people that ask, when do you decide to close a bot?

Firstly, you need to know what you’re trying to achieve inside Dan Hollings The Plan.

In this case, we wanted to stick our 1000 Matic into a little savings account and watch that grow over time as the asset value increases as well.

The screenshot image above shows the figures again, just so you can see what it did do.

We started with $2,000, made $188 in eight days, 23 hours, so nearly nine days, and also achieved our goal of DCA’ing along the way.

DCA is Dollar Cost Averaging. A well-known and frequently used strategy for any stocks and in this case, crypto. Basically, it is buying a little bit over a period of time at different prices, to average out buying it at extreme highs and lows.

So the crypto bot was DCA’ing up and down, up and down, up and down until we reached a 1000 Matic, which is what we wanted it to do.

It was then time to close the bot. It had achieved our Matic goal and made some very nice profit along the way. Now we can take the profits and the original capital in the bot and go put another little bot on that will achieve another goal of ours and make profits along the way. 

This is one of our strategies for building long-term wealth in crypto, while also making daily cash flow and passive income along the way… something that is VERY rare in crypto, and any investing for that matter! 

DAN HOLLINGS THE PLAN 

If you’re not in Dan Hollings The Plan yet and you don’t know what these settings are that I’ve talked about in this post, that is totally okay.

But, if you’re interested in finding out more about Dan Hollings The Plan get in touch with us by leaving a comment or clicking the green button on the banner at the bottom of the page here. 

When you join The Plan through our link, you get some wonderful, helpful bonuses including membership to our exclusive Bot Buddies Community inside Slack. There you get 24/7 support from us and many other Dan Hollings The Plan students that have gone before you and are a wealth of information and help.

Additionally, we get together twice a week and talk about some of these cool strategies, which just enhance the experience of Dan Hollings The Plan. 

We make sure that everybody understands what the settings are that Dan Hollings The Plan gives us all and the strategy to follow. But more importantly, we know the power of how the creative mind hive works together and so we all get more great ideas.

Our community rocks!

If you want to take part in it just click the green button on the banner below or GO HERE.

As soon as Dan Hollings The Plan opens up again, you can join through our affiliate link which gives you access to this amazing group of people. It’s quite a small intimate space and we meet twice weekly live on Zoom to talk about bots. We are Bot Buddies!

If you have any questions, please just leave a comment or get in touch via our contact format at the top of this page. 

See you in the next post!