This bot workshop shows you how to set up a simple automated bot that systematically purchases a fixed dollar amount of shares every month.
Dollar-cost averaging is a popular long-term, passive investing strategy that seeks to eliminate market timing. With automation, you can use event automations to schedule specific actions. In this example, the bot purchases shares every month on the same day.
We'll also show you how to leverage automation to take advantage of opportunistic buying opportunities and exit positions at specific profit targets.
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