Two steps forward, one back
- philroycrypto
- Apr 29
- 1 min read
I might leave the meme coins alone with the USDT leverage trades after some crazy price action with POPCAT last night.
It basically ran up 10% and then down again, and then down again!
I was too tired to shuffle last night and it's a good lesson on getting enough sleep and keeping the USDT position sizing small and nimble.
Making just $10 a day would yield $300 a month from this source alone, so it might be worth thinking again about targets and the power of leverage.
It's really hard when you're hoping for a big move but have to wait through turbulence and risk taking stops when the next move could be upwards.
There's a lot of merit in tight stops and small, frequent profit taking, and then perhaps a smaller size for more of a swing trade that you're hoping to let run.
Even with multiple DCA entries below a starting price there's no point in churning out good profits if once in a while you could lose your whole trading stack. I could reduce the leverage further-- or be more religious with the maths of stops, which in turn would make me be more precise on entries..
Overall the account is healthy with 1 obscure 'big loss' today-- let's make it a really good lesson on sleep management and keeping bases covered and positions manageable.
I like having the lower leverage positional trades on my big 6 -- but i think i'll limit the extra USDT positions to 1-2 maximum with ideally no more than one loss possible simultaneously.




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