Why shouldn't I switch strategies and/or turn my Management button Off too often?

Why shouldn't I switch strategies and/or turn my Management button Off too often?

Users who are changing their strategies often will achieve worse results in the long run, than users who select one strategy.

Here are 2 main reasons why:
  1. Each time a strategy is changed, additional trading fees will incur to rebalance the wallet with the new strategy set up.

  2. In active strategies, the decision to take a position (long or exist) involves timing. When a strategy is selected, users' wallets will be rebalanced to reflect the new strategy coins' portfolio and most positions will be bought halfway through the trades. That will not allow the users to benefit from the full advantage of the SYNAPSE bots who define the entry and exit price levels based on different technical indicators to optimize each trades' results.  


    • Related Articles

    • Can I change my investment strategies?

      Yes. You are always able to change your investment strategy. For users with wallet above €4000, you can select more than one strategy and adjust the ratio of your strategies by selecting “Adjust Your Strategy” on the Diamonds Pigs dashboard. Would ...

    • How to withdraw funds from my wallet?

      If you would like to withdraw funds, follow the steps below: Temporarily turn off the Portfolio Management button: https://members.diamondpigs.com/updatestrategy Sell a position directly on your exchange webiste to EUR, for example, from SOL to EUR, ...

    • How Staking Affects your Diamond Pigs Trading

      Exchange wallet types overview Every crypto exchange offers different types of wallets, such as: Spot wallet, Staking wallet, Funding wallet, Futures wallet, Earn wallet and more. Diamond Pigs can only trade with the funds that are in your Spot ...

    • How often is the wallet data updated on the members' dashboard?

      The data on members dashboard is automatically updated every 10 minutes to ensure the Diamond Pigs dashboard accurately reflects your exchange wallet at 100%. it is refreshed when a user goes to his/her dashboard but only when the prior value was ...

    • How are performance fees calculated?

      When our bots make successful trades and your wallet balance is on profit, we charge a fee based on the profits you've earned. This fee is called a performance fee, and it's calculated using a pricing model called "based on a high watermark". The ...