Question about managing drawdown during sideways BTC action
I've been trying to refine my trading strategy for $BTC, focusing on those longer-term swing trades rather than the day-to-day noise. My issue lately, especially with how BTC has been tracking over the past few weeks, is managing drawdowns during extended sideways periods. I understand that volatility is part of the game, and you need to let trades breathe, but I find myself bleeding capital through multiple smaller stops or just tying up capital for weeks with no clear direction. I'm wondering how others here approach position sizing and risk management specifically for those grinding, range-bound periods. Do you reduce your typical size, widen stops considerably, or perhaps just step aside and wait for clearer trends to emerge? My current approach feels inefficient.
Sideways action is brutal for swing traders. Are you adjusting your stop-loss wider or simply reducing position size to ride it out? I find smaller positions make the bleed more tolerable, but it still eats into potential gains.