Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. Current streak of 8 profitable trades in a row.
After 50 days and 49 completed trades: Wins: 24 Loss: 25 Balance: 0.1726 B USD: $ 1252 *Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 51 trade #51 I invested 0.08 B into ADA. I bought 5606 @ 1427 satoshi My Sell targets are: T1: 1499 5% potential profit T2: 1570 10% potential profit T3: 1642 15% potential profit I will sell 50% at target 1. 25% at target 2 and 3. If target 1 is hit, I will move my SL up to my buy in price. If target 2 is hit, I will move my SL up to T1. SL: 1356
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
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ADA is at a strong support line that goes back to last November, due for a bounce. The following upcoming events should help: Sept. 5th: Bittrex USD pair lisiting Sept. 6th: Roadmap update Sept. 20th: Yoroi wallet release Sept. 30th: Metaps plus partnership
Trade active
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ADA is up 10 satoshi since I entered this trade. Nice little start.
no technical analysis? are u bying ada just because of 5th sept roadshow?
redking75
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@mohammed_shakir, Very good question. ADA is at a strong support line that goes back to last November, due for a bounce. The following upcoming events should help:
Sept. 5th: Bittrex USD pair lisiting
Sept. 6th: Roadmap update
Sept. 20th: Yoroi wallet release
Sept. 30th: Metaps plus partnership
mohammed_shakir
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@redking75, thanks for reverting back.. this information is really helpful.. hope to see technicals from next update.. keep up the good work.. keep updating.. stay blessed !!
TradeNoobY
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hi, just wondering, if u set SL, do u manually sell if it hit ur target? caused i cant set SL at the same time sell also at target.
redking75
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@TradeNoobY, Without a bot you can't set both. My suggestion would be to set your sell order on the exchange platform. Then set an alert here on TV charts to alert you if and when the SL is hit.