Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - Stage 3 - Plan of Attack

The video tutorial covers the process of building a trading bot in stages. Stage 1 involves placing and managing market orders. Stage 2 focuses on analyzing data to identify co-integrated cryptocurrency pairs for trading opportunities. Stage 3 is divided into two parts: 3A, which involves creating a bot agent class to open trades, and 3B, which focuses on managing and exiting trades. The tutorial emphasizes the importance of understanding the logic behind the code and provides resources for those who prefer to follow along or review pre-written code.

Explain the importance of checking for existing trades before opening new ones.

What is the significance of the last stretch in the bot build process?