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I Tried Day Trading w/ a Trading Bot AlgorithmTrading bots are an effective way of increasing your income with automated trading, but it should be made in a planned way, well tested before starting it on. One common myth is that trading bots can guarantee consistent profits without any effort from the trader. In reality, trading bots are tools. They make trading more efficient, profitable, and less time-consuming. Crypto trading is a complex and risky endeavor, even for experienced.