This article will cover the steps you can take to blacklist an asset in Shrimpy Pro so it is not traded. This guide will focus on trading fees.
Shrimpy Pro is unique in many ways. One of those ways is that it allows you to segment your funds into portfolios. Although these funds are pooled into a single exchange account, Shrimpy Pro will be able to keep each portfolio separate on Shrimpy Pro by tracking which funds are in which portfolio on Shrimpy Pro.
A portfolio with no automation strategy will not perform trades. The assets it contains are essentially considered "protected" or "blacklisted" from Shrimpy Pro. At any time, an automation strategy can be started for a portfolio to have Shrimpy Pro begin trading them again.
Click here to read more about how to manage multiple portfolios.
Now that we know how to manage multiple portfolios, we can easily segment our funds in a way that separates our BNB, KCS, or any other asset from being traded on Shrimpy Pro. BNB and KCS are specified because these are assets that can be used to pay for trading fees, so it is a popular strategy on Shrimpy Pro to separate these funds from other portfolios so they are not rebalanced.
This is done by transferring any asset we don't want Shrimpy Pro to trade into a separate portfolio that does not have an automation strategy.
Click here to read more about how to transfer funds to a new portfolio.
It is not required to stop your automation to perform a balance transfer, but you are unable to perform a balance transfer during a rebalance.
Now that you have separate portfolios, make sure the portfolio with no automation is the "Default Portfolio". The reason we want the portfolio with no automation strategy to be the default portfolio is because any deposits, withdrawals, or trades will be funneled into the default portfolio. This acts as a nice staging area to move funds into and out of your Shrimpy Pro automated strategies.
It also ensures that the funds which are deposited into your exchange account are not automatically traded by Shrimpy Pro (because the new funds will get added to your default portfolio which does not have an automation strategy).
Click here to learn more about how to use the Default Portfolio options.
If you haven't already purchased the asset that you will be using for trading fees, you can do this by transferring some funds into your default portfolio (that will be used to buy the trading fee asset). Once those funds have been transferred, you can use the "Trading Tab" to execute individual trades to buy the trading fee asset.
Whenever more funds are needed for the trading fee asset, all you will need to do is transfer more funds into your default portfolio, then once again use the trading tab to execute trades to buy the asset for trading fees.
Have questions, comments or concerns? Feel free to reach out to us via the blue "Support" button found in the bottom left corner of your Dashboard, or send an email to Support@Shrimpy.io.