The Option Alpha Podcast cover image

210: 12 Complex Things That Are Simple To Automate w/ Bots

The Option Alpha Podcast

CHAPTER

How to Use Bots and Automations to Trigger Trades

With bots and automations, you can immediately trigger a new trade only after certain types of trades are open. Now this is a really unique use case because what you would have to do manually is one be there to enter the stock trade. You could also trigger complimenting trades inside of a bot. Or if the bot starts hedging and the bot opens a long put, it immediately sells a call spread to help finance that long put that it just entered.You could do that combination of things instantly by just setting up events and triggers inside of your body.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner