A: The Number one question every new Infinite Paycheck trader has is: "What coin do I trade?" While we cannot provide an exact answer, as that would be direct financial advice (which we do not do), watch this video for some tips on some of the things we look for when choosing a coin to trade.
A: When you have a bot that is perfoming well, there are many things to consider before deciding to add more funds to it. That said, we add funds to bots all the time when it makes sense. This video will show you step by step how to add new funds to a good performing bot.
A: We try hard to avoid this, but it does and likely will happen to all of us. Short answer is you can wait for price recovery, sell at a loss and create a new bot with those funds, or just add money. We do not teach selling at a loss, so in this video, I will show you how to add funds to a bot that we call "broken" or "out of range."
Please send your question if you cannot find an answer here.
Short answer, yes. Longer answer, keep reading.
Anytime you invest in something, losing money is possible. The financial markets are not for everyone, but most people who create lasting wealth do so by participating in the financial markets and/or investments with risk involved.
Our "Infinite Paycheck" process is built on what we consider to be moderate risk depending on how you calculate risk. For us, the most risky thing a person can do, is work a job for 40 years for a 401K and hope the markets don't tank your nest egg just before or during your retirement. But hey! If that's your jam, we don't want to push you to try our jelly! We only offer this educational information for those that want to learn our process.
But if you are reading this, we figure you are looking for something better than the 40 year, 401K plan. We belive we have created just what you are looking for.
We have created a process that generates "daily earnings." Instead of looking at our "portfolio balance" as our "available balance," we look at our daily earnings as our available balance. The portfolio balance will go up and down significantly from month to month (as does our daily earnings), but that is just how it works when we put our money to work. It is really a midnset change more than anything. If you get it, you get it, and you will be like us and see that it is just a matter of growing to a point where our grid is so wide, you no longer look at the portfolio balance and you just look at your daily income.
Once you get there, you are not worried anymore if the markets are up or down. It is only a matter of managing your bots, and keeping them active (once you have enough working capital). That number is going to be different for everyone depending on their goals and lifestyle. But with this process, we belive anyone can get there. It is just a matter of time and money, and so far, it seems like it takes much less time compared to the 40 year 401K plan.
Short answer. No. Longer answer: We will show you "how" to get there, but know that you alone need to pick your investments. We may share our current investments, but that is not us telling you to do the same. You are still responsible to do your own homework and research prior to making any investment. You will never have a "guarantee" of hitting 30% or more APY. If you want guaranteed earnings, this is not the place for you. If you want the opportunity to learn how to earn 30% APY or higher, learn our process and pick your investments wisely.
This is a general overview and should not be considered everything you need to know:
It is very easy and very tricky at the same time to hit 30% or more returns. Create a grid bot (step 5) with a step between 1% - 5%. Most of our bots run between 1% and 2% (some as high as 10%). Start with a small amount of risk capital - aka money you can afford to lose (maybe a few hundred dollars - you decide how much).
After running the bot for 7-10 days, look at your Avg Daily percentage. If it is MORE than 0.1% that is a pace to exceed 30% APY. Make sure there is no giant price changes in your trial period, and to the best of your ability, make your grid capture the high and low price for the last 1-3 years.
Wider Grid Range = Safer (slower earnings)
Narrow Grid Range = More Risk (faster earnings)
Low Grid Step 1% - 2% = higher daily earnings (usually)
High Grid Step 2% - 5% = Less daily earnings (usually)
If there were no major price changes during your trial period, and your grid captures most of the highs and lows over the last 1-3 years, this is a bot we add more funds to.
Note: Your Avg Daily Percentage will fluctuate over time - up and down. In most cases, it will not stay steady.
Other things to consider:
1. Backtesting can provide insight, but is is not generally reliable as past results are not a guarantee of future results. We do use backtesting, but it does not play a heavy role in our decision making when chosing grid settings.
2. Our "returns" are strictly based on Avg Daily Percentage. These returns do not consider total profit and loss of unrealized gains, since we do not plan on selling at a loss. Instead we continue to trade the grid wherever the current market is (assuming we have chosen an investment that has long term value). This is a different approach than how most people think about money management. For this reason, this may not be for you.
3. Having multiple bots increases your chance of finding regular profits by using different coins or different settings. But having too many bots reduces your ability to place working capital into best performing bots.
This is a general overview and should not be considered everything you need to know. Start small. Experience is the best teacher. Once you are confidant in your grid bot, add funds to it.
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