Thread by @im_calmly

#proTip: Why do I always withdraw my trading account to 0.25 at the end of the month?

1. It mitigates my exchange risk
2. Keeps my losing streaks quarantined
3. Forces me to only take only clear setups.

So what does the pnl look like of someone who forces themselves to grow small accounts using "high leverage"?

Here is a snap shot of one week of active trading. The meta-management of my trading account ensures that I can't "blow up" because this is literally my full time job

Using this account management method, in the past 6 months since I went full time, I've been profitable and been able to pay myself every month

Do I have to deposit sometimes because my account gets low? Sure, but usually depositing from my affiliate account is enough

Why does this strategy work in the long term?

It's because for every 1 "account" that I take from 0.25 to 1 btc, I could "blow up" 3 others and still be profitable

Essentially my trading methodology has a 4:1 RR. That means my high RR setups only need to work 25% of the time

But the fact is, they often times work more than that. Also, I have in the past taken 0.1 or lower accounts to 1 btc (see banner pic).

That means my strategy has a 10:1 RR if needed, and I could go on 9 whole losing streaks and still be profitable.

Another example of growing 0.1 to 2 btc, though this is kinda cheating because I haven't closed my short yet and the profit is unrealized

Great video from @DayTradeWarrior talking about the reasons to go back to small account:

"Many large traders become small traders, a few small traders become large traders, and the wise large trader chooses to be a small trader again!" @UglyOldGoat1

@DayTradeWarrior @UglyOldGoat1 Adding this tweet for learning resources

https://twitter.com/im_calmly/status/1187174040492036097?s=20

@DayTradeWarrior @UglyOldGoat1 Also adding this here. Really inspirational words from Arthur Hayes, CEO of BitMex, about small accounts

[link opens to specifc time stamp]

@DayTradeWarrior @UglyOldGoat1 Adding educational content:

https://twitter.com/im_calmly/status/1188487087831564290?s=20

@DayTradeWarrior @UglyOldGoat1 This was a good question, so I'm adding it here for perpetuity. click for response

https://twitter.com/akize5/status/1188541671048384514?s=20

@DayTradeWarrior @UglyOldGoat1 #bitcoin: Sometimes, I like to start a fresh and go through important lvls to "correct" my bias

This time, I recorded myself doing a HINDSIGHT review of to realign myself

I thought I would share it with you guys. Let me know what you think

Adding this to my pinned tweet thread because I think it's important.

https://twitter.com/im_calmly/status/1228928736986353664?s=20