lano1106 BASE v2.1 journal

[Omni3]

Cool, and what is the trade investment amount compared to your overall bank (expressed as a percentage)?

Why are you asking all these questions?

It is no secret in this journal that I'm still developing the trading system. It is really hit & miss as you can see in my last entry. Therefore, I set a daily budget to $100. This is an amount that I wouldn't care to lose 100% if something went really wrong but TBH, on my worst days, I must not have lost more than 2% in a single day.

So the 4.6% must be on that value. In my account, I must have the equivalent of $500 in it. For now, this is enough for my dev purposes but I could fund it more if the need arise.

Since you are asking, it helps to clarify my goal to talk about this. I must be waiting to have a string of 7 consecutive profitable days and then scale up the daily budget. I suspect my current strategy to be scalable up to a daily budget up to 1-3 BTC/day.

Beyond that point, I'll probably hit some scalability issues and hit an upper limit to what is possible with this current strategy without tweaking it.

Beside that, if you were attempting to get a peek my risk management, all I can say is that it is pretty much simple. I will simply adapt as I go. that is the goal for now.

Hey, didn't mean to upset you. I was asking as, years ago I tried many times to trade but found I was underfunded and kept blowing my bank. I eventually learnt that the risk/reward ratio is the most important aspect of trading, as the smaller the risk on each trade (relative to the overall bank) the smaller the emotional investment/turmoil. 

So, all the best with your trading/bot.