You need to analyze your knowledge on trading. Trade or invest in what you understand (coins, pairs, etc.)
Your green days generally hovered between +$4 and +$30, whereas your major red days hit -$116 and -$162. This means you are risking a massive amount of capital to make a relatively small return.
My Recommendations for you to improve on;
Enforce Strict Stop-Losses (SL): Never enter a trade without defining your exit point. If a trade goes against you past your invalidation point, cut it immediately.
Implement a Daily Drawdown Limit: Set a hard cap on how much you are allowed to lose in a single day (e.g., stopping completely if you drop $20 or $30). This prevents revenge trading and emotional spirals like the one seen on October 23.
Cap Position Sizes: Do not risk a disproportionate amount of your capital on high-leverage or volatile setups. Keeping your position sizing uniform will protect your account from devastating single-day drawdowns.
Your green days generally hovered between +$4 and +$30, whereas your major red days hit -$116 and -$162. This means you are risking a massive amount of capital to make a relatively small return.
My Recommendations for you to improve on;
Enforce Strict Stop-Losses (SL): Never enter a trade without defining your exit point. If a trade goes against you past your invalidation point, cut it immediately.
Implement a Daily Drawdown Limit: Set a hard cap on how much you are allowed to lose in a single day (e.g., stopping completely if you drop $20 or $30). This prevents revenge trading and emotional spirals like the one seen on October 23.
Cap Position Sizes: Do not risk a disproportionate amount of your capital on high-leverage or volatile setups. Keeping your position sizing uniform will protect your account from devastating single-day drawdowns.
