New users often misconfigure the bot. Tip: Study the documentation and recommendations; we have created a database of setup examples and bot templates.
Many start using the bot directly on real accounts. Tip: Test the bot on RevenueBot's backtest. It will show the exact performance of the bot over the past 60 days.
We recommend practicing risk management. For futures trading, use cross-margin and keep it in reserve, avoiding large leverage. Also, set stop-loss orders.
The bot is an automation tool that performs all actions you program into it. Tip: Regularly monitor the bot's performance and the market.
Focusing on a single cryptocurrency. Tip: Trade various top cryptocurrency pairs like BTC, ETH, SOL, ADA, XRP.
Investing large sums at once. Tip: Start with small amounts.
Many new users expect the bot to start generating large profits immediately. Tip: Be realistic in your expectations and give the bot time to adapt to market conditions.
Some users start trading without understanding the basics of cryptocurrency trading and the bot's operation. Tip: Spend time learning and practicing to better understand the processes and strategies.
