๐ September 28, 2024 - Copy Trading Strategy: The Break-Even Quest ๐ช
After a pretty rough September, with -210.6074 USDT in accumulated losses, I decided to adjust my copy trading strategy to regain ground and hit the break-even. ๐ง ๐ก
My current positions:
๐ธ Moonlit_Wolf: I invested 17.65 USDT. This trader is aggressive, with a high ROI, but a high MDD. I will keep a close eye on him, as he can generate quick returns but is also very volatile. โก๐
๐ธ Starting Over: I allocated 50 USDT to him. A trader with good consistency and a balance between risk and return. Ideal for recovering losses with a more controlled approach. ๐๐
๐ธ Conservative trader: This bet is for 90 days with 10 USDT invested, and it is already generating profit (+1.5660 USDT). The objective is to maintain this position and add another 10 USDT if it remains stable after 7 days. ๐ก๏ธ๐
General strategy:
Objective: Recover losses and reach break-even before rethinking a growth strategy.
๐ฏTerms: Short-term strategy with Moonlit_Wolf and Starting Over, and a longer and more conservative one at 90 days.
โณRisk: 80% of the capital is in aggressive strategies and 20% in the conservative part, seeking to balance risk and security. โ๏ธ๐ฐ
Learned points so far:
โ Patience is key: Don't rush into closing positions if things don't look good in the short term. ๐โณ
โ Don't fall in love with a strategy: Constantly re-evaluating the traders you follow is key. ๐๐
โ Learn from losses: Every drop is a lesson to adjust your approach. ๐๐ง
โ Always manage risk: Diversifying between aggressive and conservative protects you. ๐โก
โ Take care of your emotions: No impulsive decisions, always check the data before acting. ๐คฏโ
The road to recovery is already underway! ๐๐ Has anyone else found themselves in a similar situation? ๐ #CopyTrading #Aprendizaje #CopyTradingDiscover
