When you begin using the Shrimpy application, one of the first things you will notice is the use of automations on the "Automation" tab. This feature allows users to create multiple sets of allocations and strategies based on your subscription tier. These different automations can then be used to quickly switch between different asset allocations based on the state of the market, personal strategies, and more.
There are three major rules the Shrimpy application will follow when it comes to creating and managing portfolios.
- Only one automation can be activated for a single portfolio at any given time. That means for each portfolio in your linked exchange account, you can only have one automation for each portfolio. If you have 3 different portfolios that have been created, you can have one automation active for each portfolio.
- Shrimpy will not currently trade for a portfolio if it does not have an automation attached to the portfolio. These funds are essentially "blacklisted" from Shrimpy. Automations can be unlinked from a portfolio at any time to stop automating.
- The automation that is currently active for a portfolio will be the one allocated when you select the "Rebalance Now" button for that portfolio. It will also define the rules for the way that portfolio is automated.
Starting an automation on the "Automation" tab and selecting a portfolio will prompt you to ask if you would like to rebalance immediately. If you select to rebalance immediately, the portfolio will instantly be allocated. You can also select to rebalance later if you prefer, at which point you're free to rebalance manually at any time by selecting the "Rebalance Now" button on the dashboard to execute the trades to allocate the portfolio.
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.