My last post got taken down :(.

I went to sleep and instantly lost.

So copying from the previous post…

Introduction:
This is a personal log of me trading from 100 USDT to 50,000 USDT, strictly trading cryptos. Each trade I will be explaining the grade of the trade, the reasoning behind why I’m taking this trade and the techniques I am using. THIS IS STRICTLY NOT FINANCIAL ADVICE.

Trade number 2: SOLUSDT SHORT 15 min
Grade: B
Reasoning Behind the trade: We are in a clear range. We broke temporary resistance and are supported by EMAs.

Technique Insight:

Risk Management. Risk management is definitely not going to be the norm for a challenge like this. Instead I’m taking an exponential approach. I’ll be risking 24% of my capital on each trade, whilst aiming for a 30% gain, this gives me a risk to reward ratio of 1.3 (realistically 1.33 to take into account fees). This means I’ll be sizing my position to the point where if I lose I will retreat to the previous level and if I win I’ll advance.