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 1:
Grade: B

Reasoning Behind the trade: Bearish momentum, Breakout (probably should have waited for conf)

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.

This was heavily inspired by a video I watched a while ago by “The Moving Average” called “How to Grow a Small Forex Account”, I recommend watching this video to understand how this works.

Log spreadsheet;
https://docs.google.com/spreadsheets/d/1GVSJsPOVIe-Fdudl6cQfq_LQHfLWSYZp/edit?usp=sharing&ouid=113365766322047720539&rtpof=true&sd=true