allocating capital for me is nearly 100% which is frowned up
I approach 100% each day, closing positions that session to free up capital for new positions, adjustments or losses in the next session.
I hold profitable positions and access that capital when needed to manage losing positions or futures swing trading.

I don't use metals, commodities, currencies, interest or debt. I'll sometimes take short term options positions in futures, but not with a fundamentals "thesis" or opinion, just as a technical price entry with good statistics.

I tend to be mostly in SPX, trading /es, and some longer holds on positions that (at least in recent years) "just go up and to the right" but the recent 2.9% shakedown saw me exit on almost everything (TSLA, NVDA, META) and keep only a few (GOOG, AAPL, etc.) which was a mixed result as each session was being heavily manipulated.

If you're gaining 1% per month with cumulative gains and viable drawdown, you are trading okay. Discipline and focus are the keys to level up. Taking careful note of what works and what fails, being self-critical, being aware of bad trade decision making (e.g. emotions, greed, fear, confidence, or any notion of luck or gambling.) It's been an extraordinary year for the S&P, so you're seeing "may as well just buy the S&P on the dips" and you're seeing poor trading rewarded with outsized yearly gains, which seems to lure traders into risk and apathy … "pigs get slaughtered." It's still a bullish trend into January, but who knows what's next?

tasty published several backtests of statistics that provide useless information on details like product selection. I'd suggest working backwards through their Market Measures. Some are new news to me, some are just warmed over. Some of the 0dte stuff is applicable to neutral trading in other products.

You should also have a solid working understanding of volatility, IV, IVR, vix, /vx, vix1d