Holy kangaroos it was a wild ride. Mid August there was a large pump and I saw UPNL eating up over half of my initial equity. No way to backtest it [python can help here but I have to get better at it], so everything is live. In short (pun intended), I am trading futures with 10x leverage and exclusively doing DCA based on pivot points. Initial entry is $300 and all further DCA entries are $600. Using 15 pairs long and 15 pairs short, but my setup was a little short-biased due to some initial error that I am too lazy to fix. My solution to said laziness was to create a second account and run the exact same pairs, except all inverted. I’ve had that account running since the 22nd of August and it has done
32%. When a single pair’s average entry price is more than 35% away from current price, the system will make a fairly substantial reduction and take a large loss to then continue performing DCA trades.
The quantity of trade volume is astronomical. I’ve traded 350x my average balance in August. It’s probably not safe. Actually, it is definitely not safe.
Today I am going to even the balance across both accounts so that I will have a better comparison in one month’s time. My current thoughts are:
Barrier to entry is low: you could make an account and trade at 125x leverage in 5 minutes.
Because the barrier to entry is low, there are many inexperienced traders.
I am an inexperienced trader.
Almost all crypto traders have no system or rules.
Having a system is my only edge.
I should exploit the edge and maximize profit extraction.
Happy to talk more about this if anyone wants. Unsure if Nick is going to shoo me off of the forum with all of the crypto jabber. Anyway, cheers friends!
