Bitmex allows multiaccs, so it's possible to manage 4-5 positions manually (more than that will be total mess). But I see some challenges with this method:
- It's not easy to open high-leverage position (otherwise it's not worth the effort) in such volatile market
- You need to manage positions every day, because you can't miss opportunities to place "soldiers"
- Crypto infrastructure is immature. It's risky to hold long term positions
- Capital. You need it. The author of the method was already successful entrepreneur at that time, I think it's crucial to be relaxed about losses.
However, I think one can overcome this and fly not to the moon but to the mars.
I agree with 3 and partly with 4. I think its not a must to use a super high leverage and still make this strategy work. Pipeasy also suggests that you practice low risk entrys for half a year, so you can move yr sl to break even fast and make the costs (collateral damage;-) as low as possible. Further, i dont think you have to manage positions every day. A trend can go on for a long time, so maybe this can work with even 3 posistions a week or less. Pipeasy started with 5K, but you can also strart with 1K. Last, a professional trader must learn to control emotion, otherwise no strategy ever works in my opinion.