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RE: The 1% Rule

in LeoFinance4 years ago

It's easy to want the speed of profit to be exponential in the beginning for sure. I am guilty of it if I am being honest.

It's hard to overcome, but in my last 8 months of experience trading has taught me to just let it come slow and easy. Or rather, smooth is fast.

One thing I do is I take the 1% trade risk to a different level. I am a miner, so my mining funds fund my trading. Instead of 1% of my net wealth, I only trade 1% of my exchange funds per trade. So, if I have $2000 on the exchange, trades will be $20. The bot will DCA and the gains are small. But they are quick trades. One bot has been running since the 25th and has 272 completed deals and 39 currently active.
Paper trading has really helped me see the benefit of DCA bots.

Posted Using LeoFinance Beta