Manually Rebalance Upon New Deposits

If you've just deposited new funds to your Binance account, you don't have to wait for your next rebalancing period.

You can manually toggle a rebalance.

Head over to your portfolio overview page. You can find in the bottom right corner, a button for manual rebalancing.

manually rebalance your portfolio with HodlBot

Dollar Cost Averaging with HodlBot

Dollar-cost averaging (DCA) is an investment technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the price. The investor purchases more of an asset when prices are low and fewer of an asset when prices are high.

Bernstein, a powerhouse in the field of academic finance, is a big supporter of the DCA method.

DCA is not for people who consider themselves competent market-timers. Market-timers lump-sum in at whatever time they judge that the market is very likely to go up in the near future. And they get back out of the market when they judge that the market is very likely to go down in the near future. The DCA choice is for people who fear that the market may drop drastically at any time, but do not feel competent to judge whether that is more or less likely now than at some other time.

It's easy to pair HodlBot with a dollar cost averaging strategy.

Simply schedule a recurring deposit into your Binance account on a fixed time interval. Then, choose a rebalancing period that matches up with your deposit.

E.g. Every 7 days for a deposit, and every 7 days for a rebalance.

Another alternative is to simply manually rebalance.

How to Keep HodlBot from Touching a Few Coins?

By default, HodlBot uses all of the funds in your portfolio and puts it into the strategy you've selected.

If you want HodlBot to ignore a few coins, there are two ways to do this.

The easiest, and simplest way is to create an additional Binance account and use it for active trading. Binance supports multiple accounts per user.

The second method is to place a limit sell on coins you don't want HodlBot to touch. Be sure to place these limit sells at a ridiculous price that will never execute. HodlBot ignores open orders.