New live account. Initial account size of $3,000 with 5% risk per trade (2.5% risk depending on approach)

1. New account following loss of a $10,000 live account in July. Market crash pushed overextended positions into a margin call. Learning from this, multiple accounts will be opened with reduced capital. Additional accounts will be opened every month. The starting capital of each new account is relative to current account balances and total availible capital. Should both accounts

2. Future positions for DCA will be decreased from 5% to 2.5%. Closed trades were taken with 5% risk and hit PT immeditately. However, the current NU position is creating substantial drawdown to build into a full DCA position. At 5% risk, most DCA trades are extremely high risk with one to two trades is enough to blow an account. Drawdown limits additional trades in order to manage risk which prevents additional market exposure. Halving position sizes and utilizing multiple accounts will allow for more diverse positons.

3. Reducing risk to preserve capital allows for far more freedom to gain market exposure. Multiple accounts also allows for using multiple approaches. Oppourtunities are always present within the market.  Current approaches are defined as dollar-cost-averaging (DCA) and Hard SL (no add-in positions). Testing a new market approach likely to be released in October. The term approach does not mean black and white trading rules and individual trade execution will vary between ideas depending on the context.

Quote of the Month: "People need to be reminded more than they need to be taught" - Alex Hormozi