To continue the discussion from @jeffcp66 below.

Lots of stuff that used to work no longer works, and things that work now may not work in 6 months. If there is anything I have learned since starting serious trading in 2004 its that the market evolves and as traders we need to evolve with it. In fact, I am constantly tweaking the algo, my tactics, ratios, profit targets, and risk parameters. The algo is deadly accurate but with sudden changes in volatility it needs adjusting from time to time.

The 5 biggest things that have kept me profitable are:
1. Tactics = having multiple tactics on at once. Some make money when market going up, some down, and most make money when neutral
2. Position sizing = trade small trade often
3. Take as much money from the market as you can = premium selling
4. Controlling losses early and efficiently. I no longer hold onto losing trades for 1-2 years. Better to deploy the capital on something that works.
5. Keep margin to less than 50% then you never blow up an account again. That was learned the extra hard way in 2015 when /ES exploded and again in 2018 when SVXY imploded.

No offense to anyone here as we are all intelligent traders, but the advice I had on SVXY here and other places nearly bankrupted me. Never, ever trade unhedged volatility and I would also say that on the energy sector as well on any of the meme stocks or highly volatile tickers. And don’t get me started on Crypto. The only thing supporting crypto is the next person willing to pay more for it than you bought it. Kind of sounds like the early 2000s when people were paying top dollar for companies that never made a dime.