Orienteering

I had a bad experience with the memes which is really useful for risk management going forwards..

The first few weeks as a whole discretionary trading with leverage have gone really well and it seemed a bit like i was invincible..

However, as we know, memes can pump or dump huge amounts in one day so although they were a good source of profits I will be leaving them well alone.

I now have more of a shortlist of alts I will be looking to trade more often than others. I'll be doubling down on the risk management after blowing out on POPCAT and FARTCOIN.

There was a liquidation on the memes whereas other positions survived and could be adjusted in the morning. The issue with DCA bidding lower and lower is your position size can get out of control.

If I proceed with 6x maximum leverage and fewer positions therefore a greater margin for error maybe I can be invincible again rather than build up a huge trading account like James Wynn, and lose it all in the space of a week...