Your target is risky. The market is up and down everyday. No one can predict it. If the market's down many days, you'll lose and lose. Try to find another way. There are many way to be successful.
I'm seeing a very minimal risk on what he is doing,if you think SL/TP set to 1% is risky then it's better not do any trades at all..i don't beleive consistency in trading so lose and lose or win and win won't happen all the time..
Any suggestions/improvements on this strategy always welcome.
your doing a good job controlling your greed,1% compounding daily could make you 300% profits in 4 to 6 months.but sometimes, try to take advantage of the market situation ,being greedy sometimes works.BTC was down from $6,400 to $6,160 the other day many alts crashed 15-20% and i think this is a good time to make an easy 5-7%.be greedy sometimes but not too much.
Believe me - it took a while to get control. January to June I was looking for moonshots and wanting huge gains. I think I just about ended up with the same amount of BTC after lots of ups and downs.
But since then and discovering the team at Voodoo I've got a system I stick to, don't get greedy and it works for me. It's an exciting time. Come and check us out for the full set of charts this Friday - see what's happening. Link in the above post.