LIVECouldn’t stay away from futures (I wonder why)
Had thought a lot about my last mistake and I felt I would have done a 24 hour cooling period rather than 1 week.
So I moved $50 to Bitget to trade there instead.
Am using only 1% to enter any trade and then I DCA at every -25% (if any).
Max is 5% per trade.
So after $2.5 I let it hit stop loss or Take profit.
I use 50% profit/stop on $TRB . Which is 1:1 risk to reward ratio.
So far am in profit and have been milking the downtrend.
The issue I had yesterday was because I set no limit to how much I can DCA. Endless DCA can be expensive if the market goes against you.
At a point you gotta count your losses and wait for another opportunity.
The smaller the losses the easier it is to recover on future trades.
So far I’ve grown the balance from $50 to $51.9.
Taking a break to continue later.
It’s exciting to be able to milk a trend rather than waiting for a reversal.
I love trend trading.
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